A Guide to New Homes

New builds are properties recently built and have no prior homeowner. These properties are fresh from the start, built from the ground up and even potentially tailored to your tastes; new homes offer so many opportunities for buyers.

Many new homes are usually found on new-build sites, where developers will build a selection of properties varying in size and price, to give new home buyers as many options as possible. Though, new homes can also be built individually by independent property investors!

So, what are the perks of new homes?

To put it plainly, new homes offer brand new appliances, fresh walls of paint and even, depending on how early you invest in the property, kitchens and flooring to your desires! New homes offer the opportunity for someone to move in straight away, with little need to renovate or spend extra on your new property.

How could a new home benefit me?

Not only do new homes offer brand new properties, ready to move in to as soon as possible, but also commonly feature the option of government schemes such as help to buy and shared ownership.

These schemes offer either entire homes for a lower percentage deposit or only cost a fraction of the entire property price. This means that ahead of purchasing either a full or partial ownership of your new home, you can save money on your deposit and focus your finances on other aspects of moving, such as new furniture.

How can I get a new home?

The demand for new homes is just as high as the demand for property in general, so, you should always be on the lookout for new developments in the area you wish to move to. At Wards, we give you a little extra boost when it comes to searching for the ideal new home for you. When you register with us we can provide you with all of our latest developments and upcoming new development projects so you can get a jump on your new home.

How ‘good’ are new homes?

In the industry, we know that sometimes the stigma of new homes is much worse than the actuality of new homes. This might be because of developers being distanced from their projects for some years, or the lack of truly caring about the homes they are creating.

With us, we work closely with trusted developers on every property they curate to create an ideal property for new home buyers. Paired with the strict new regulations and eco-friendly materials used to create new homes and developments, new homes are one of the best options for those looking to be eco-friendly when buying a property.

Though, it must be said, as with every home, after a few years there may be some material wear and tear, but new homes are built with this in mind.

Am I eligible for a new home?

Anyone is eligible for a new home, however not everyone is eligible for some government schemes that may be offered. As of April 2023, the Help to Buy scheme will no longer be running, however the Shared Ownership is continuing.

New Homes are still available for normal purchase, so if you are interested and you do have the funds to buy a new home, this could be a great option for you!

So… you’re thinking of purchasing a new home… but how can you be sure it’s the right decision for you? Well, if you are undecided, why not contact one of our experts in New Homes to talk about finances.

**Correct as of December 2022