18Jan2019

What to Look out For When Buying a New-Build Home

When you are in the market to purchase a home you will have a few considerations to make, from the location, your budget and mortgage requirements, as well as whether you would like to live in a traditional property or a new-build home.

If you have decided to go with a new-build home you may have been invited to view the property before completion, it is always worth getting an independent inspection as part of the process. Although a new-build suggests everything should be spot on as it is brand new, there are little snags and defects reported in many new-build homes once people have moved in.

Take the time to view the property and list any problems or potential problems prior to moving in. Equally, you may have been asked to customise certain aspects of a new-build that make it different from the show home on site. Little things from the positioning of a plug socket, to a light fitting can make a huge difference to how you live in the home, so make sure everything is in the right place, and ask yourself is it worth paying for relatively small changes in the grand scheme of things.

Before agreeing to purchase a new home, don’t be afraid to haggle on the price with the developers or, if they will not move on price, enquire on any potential incentives they can offer. Always be prepared for the time it takes for construction to be completed, and expect delays.

At Central Mortgages we have access to a wide range of mortgage providers. If you are interested in finding out more information about mortgages for new-build homes we are here to help. Speak to a member of our team on 01277 630 183 or office@centralmortgages.net.

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