The Unmatched Benefits of New Build Homes

Buying a new home is a significant decision, one that requires careful consideration of numerous factors. One of the most crucial decisions is whether to opt for a new build or a pre-owned home. While both have their merits, new build homes offer a unique set of benefits that can make them an attractive option for many buyers.

1. Personalisation Opportunities: One of the most significant advantages of new build homes is the ability to personalise. Buyers often have the option to choose fixtures, finishes, and sometimes even layouts, ensuring their new home aligns with their style and requirements.

2. Contemporary Design and Facilities: New builds are designed with modern living in mind. They typically feature open floor plans, cutting-edge kitchens and bathrooms, and other facilities that cater to today’s lifestyles.

3. Energy Efficiency: New homes are often more energy-efficient than older properties. They are constructed with the latest materials and technologies, such as superior insulation, energy-efficient windows, and sometimes even renewable energy sources, leading to lower utility bills.

4. Reduced Maintenance and Repairs: Being brand new, these homes require less maintenance in the early years. Everything from the appliances to the roofing is new, which means fewer repairs and lower upkeep costs.

5. Warranties and Guarantees: New build homes usually come with warranties. Structural warranties can cover significant repairs within certain periods, providing peace of mind to the buyer.

6. Safety Standards: New constructions are built to the latest safety standards, which include fire-resistant materials and modern electrical systems, offering enhanced safety for residents.

7. Potential for Increase in Value: New communities often develop and grow over time, adding amenities like schools, parks, and shopping areas, which can increase the value of your property.

8. Ready to Move In: New build homes are turnkey properties. You can move in immediately without worrying about renovations or upgrades.

While new build homes offer numerous advantages, it’s crucial to consider factors like location, community development plans, and builder reputation. For those seeking a modern, efficient, and customisable living space, a new build home can be an excellent investment. Remember, buying a new build is not just about acquiring a new house; it’s about embarking on a fresh chapter with boundless possibilities.

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FINANCIAL SERVICES

Finding a mortgage

Buying a house is a massive investment and getting it just slightly wrong can be costly. Unless you have big savings, chances are you’re going to have to get a mortgage. It’s a loan secured against the property which means if you can’t meet the repayments the lender may repossess your home and sell it to get their money back.

The better you understand mortgages and everything to do with them, the better armed you will be to get the very best deal. With MMR in place, you’ll need to review your finances themselves before approaching possible lenders to see whether you can afford the monthly payments now and if interest rates go up, which they will…

What is MMR?

When it comes to finding a mortgage you have several options: mortgage brokers, individual banks or searching online. Again, it’s important to do your research. Searching online first, gives you a good idea of what’s available, but an independent mortgage broker can provide a more in-depth search and help you through the process. Being independent holds great value as they are not bias to any particular lenders or deals, they will give you their honest opinion and take away the stress of working your way through the mortgage market, they work for you to find you the best package to suit your requirements.

For more information on the current mortgage rules and deals, contact your local branch today to arrange an appointment.

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