This week estate agent Gareth Cheshire, the original NP Property Blogger, helps you consider what’s right for you.
When you embark on your venture to buy a home one of the most common decisions to make is whether to buy a new house or purchase an existing home. Each choice has its advantages and there is no single answer that works for everyone.
Here are some of the things that you may wish to consider as you decide which route to take:
Advantages of buying older houses:
- Many people are drawn to developed neighbourhoods for the sense of community already established.
- Many people enjoy home improvement so an existing property may have small projects waiting to be done.
- Existing homes are often found in older, more convenient areas rather than out of town. In many cases, an older home offers the opportunity to expand and build a unique property.
- The house may well have some unique design features that can be enhanced for an individual feel
Advantages of buying a new house:
- Everything is brand new and you don’t have to do a thing; hence the phrase “turn-key”
- New homes will be energy efficient so should save on heating bills
- Safety – new homes are built to strict standards to make your home as safe as possible
- Developers are currently offering a range of incentives to attract buyers. So as well as your new home, you may be able to negotiate new carpets, blinds, turfed lawns and other sundries.
- The biggest advantage of all may be that developers are currently offering a range of part-exchange deals that will take all the hassle and aggravation away from you.
To decide what really is best for you – to buy a new house or consider an older one, and how to approach developers, contact your local, professional, independent estate agent.