Buying a new-build home: The benefits
Whether you are a first time buyer or looking to move up the property ladder there are a number of benefits to making your next purchase a new-build home.
Buying a new-build property is a great way to create an ideal home. Not only are they modern, well designed and energy efficient, you’ll be the first to live there and can make it your own. New homes built by an NHBC registered builder also come with the additional benefit of NHBC’s ten-year Buildmark warranty and insurance policy.
NHBC have been part of the house-building industry for over 80 years and its sole purpose is to raise the standards of new homes, providing protection to homebuyers across the UK. All homes built by NHBC registered builders are inspected throughout the construction phase to ensure the build complies with all NHBC’s rigorous standards.
Although it is unusual to have serious problems with a new home, it’s good to know that should anything go wrong you have the reassurance that NHBC Buildmark provides protection including:
Pre-completion deposit protection: Protection against the loss of your deposit. This could happen if your builder became insolvent before completing your home.
Builder warranty for the first two years after completion: Your builder is responsible for putting right certain damage and defects. You also have access to NHBC’s resolution service and NHBC Guarantee should your builder fail to meet their obligations.
Insurance cover for parts of the home in years three to 10 of ownership: This includes the cost of putting right physical damage as a result of the builder failing to meet NHBC’s requirements in particular areas of your home.
Some further benefits of buying a new-build house include:
A blank canvas: New-build properties often come with a neutral interior, immediately ready for you to put your own stamp on it. This also applies in the garden, allowing buyers to design and create their own outdoor space.
Lower running costs: All new homes are now built with higher levels of insulation and have more efficient heating systems than ever before. Better energy efficiency means a reduction in carbon emissions and lower heating bills.
Design and specification for modern living: Designer kitchens and bathrooms fitted with the latest fixtures, fittings and energy efficient appliances usually come as standard with a new-build property. Most new build homes are now designed for modern living with open plan living space, and plenty of windows to create a light and open feel. The latest in energy efficiency and ventilation technologies are also often included, so you can move in and enjoy your new property with peace of mind that it won’t need updating for many years to come
Incentive schemes: Many house builders operate their own buyer incentive schemes such as part exchange on an old house, payment of stamp duty, help with removal costs, part-funded deposits and more recently interior packages such as white goods included as an example. Many independent developers also offer properties off plan, meaning homeowners reserving before the house is built can choose their desired plot and personalise the house to their individual needs.
Approximately 80% of new homes in the UK are covered by NHBC’s ten-year Buildmark warranty and insurance policy, which currently protects 1.6million homes across the country. Before you decide to visit a show home or a new development you can check that the builder is registered with NHBC at www.nhbc.co.uk and/or visit www.nhbcnewhomes.co.uk where there’s a range of helpful information on buying a new home.
NHBC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. National House Building Council is registered in England and Wales under company number 320784. NHBC's registered address is; NHBC House, Davy Avenue, Knowlhill, Milton Keynes, Bucks, MK5 8FP.