For many people venturing onto the housing market there is one big question to take into account – should I buy a new build house or go for something older from the resale market? This can be a very difficult decision to make and can be affected by different issues for different people. However there are a few factors that it can be worth taking into account when making your choice.
In many cases new build houses can have a higher price tag than comparable properties on the resale market. However for many people the government’s Help to Buy scheme can offset some of these costs by offering part loans against your mortgage and requiring smaller deposits than are often required on traditional mortgages for resale properties.
Many people are put off choosing an older property from the resale market due to envisaged higher maintenance costs than for a nice shiny brand new home. And in many cases they may well be justified. However at the end of 2011, Which? surveyed 200 homeowners who had bought new in the past five years and found that more than half had experienced problems with their homes. It is also often possible that a well maintained older property will have greater longevity than a new build which has been built to less rigorous building standards that were employed a few years ago. Also if you get a full structural survey of any resale property that you are buying and contract a reputable firm of builders (such as Wisecraft in Bolton) to remedy any issues at the beginning of your ownership then less maintenance expense can be occurred than for a new build 5 years down the line.
Many people will prefer a new build home due to perceived higher energy efficiency ratings than will be exhibited by an older resale home. However if you are thinking of buying a new build for that reason ensure that you check the actual overall energy certificates carefully. New home builders are obliged to build homes with between A and C energy ratings (out of a possible A-J rating). However to cut costs many developers will build to a C rating and no further, and this is often no better than a solidly built and well insulated older home. Also if you choose a resale property then building companies such as Wisecraft can often quickly and easily increase your home’s energy efficiency with new windows, doors and insulation.
So whether you chose a new build or resale property ensure that you have a great builder such as Wisecraft Builders Bolton to help you through any issues.