Many people buying their first home or investment property are facing the decision whether to opt for new build. According to a recent Zoopla’s survey buying a new build has numerous advantages, so if you are about to take the plunge this article could help.
Most new builds come with a 10-year warranty and protection scheme which will decrease the costs for maintenance of the building significantly. Also if your property contains brand new integrated appliances they automatically come with a guarantee.
New builds usually follow trends in interior design with a large open-plan kitchens and living areas – a must have for most property savvy investors.
New builds are built to higher eco standards with good insulation which make them easier to heat. In this way they are more cost-efficient and the monthly bills will be cheaper than those in an equivalent older property.
As standards and regulations are constantly changing new builds are required to reflect these standards. Modern specifications as standard include:
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New builds often spring up in areas of regeneration or desirable areas where the demand for property is high. Without demand, developers would be unlikely to build new homes.
If you want to have a look at some of Prosperity’s new build projects – click here.
A new build property is a home that’s just been built and has never been lived in before. It’s brand new, built to the latest standards and often comes with modern designs and energy-saving features.
Yes, they can be a good investment. A new build means no costly repairs or renovations, and they often come with warranties for extra peace of mind. Prosperity Wealth develops high-quality developments in great locations, designed to attract both buyers and renters.
With smart layouts, stylish finishes, and excellent energy efficiency, they’re built to stand the test of time.
The cost of new builds varies depending on location, size and features. In some areas, new builds cost a bit more because they come with modern features and better energy efficiency. But you’ll often save money in the long run with lower energy bills and little to no maintenance costs.
New build properties can maintain their value, particularly if they are in a good location and built to high standards. Their modern features and energy efficiency make them attractive to any future buyers. As with any property, market conditions will influence value over time, but a well-built new property is a solid long-term choice.
For more information on new build properties and how Prosperity Wealth can help you invest, call +44 (0) 121 237 4610, get in touch or email us on info@prosperity-wealth.co.uk.
