Buying a home in a new build development looks like an attractive option for many people. At a minimum, a new apartment will require less care and maintenance than an old house at the initial stage. In addition, new apartments are under warranty, which covers the elimination of minor defects. But even when buying a new house, you must be careful to avoid problems. This article will tell you what you should look for when purchasing a new build home.
Experienced and reliable developer
The modern real estate market is teeming with a variety of developers, and new construction companies appear every year. How to choose the most reliable? Pay attention to the home builder’s experience and take a closer look at its finished projects. For the convenience of such an analysis, use special Internet platforms, for example, korter.co.uk. These websites contain up-to-date information about construction companies and their developments. You can read descriptions, see images and floor plans, and get acquainted with the developer’s history. Be sure to read reviews from other buyers and residents.
Opportunity to use the selected purchase scheme
It is normal that you do not immediately have the entire amount to buy a new home. After all, buying a home is one of the most significant purchases in a person’s life. Therefore, you can take advantage of options such as Help to Buy or Shared Ownership. However, keep in mind that the developer must be registered for these programs to take advantage of such schemes. Usually, you can verify this by visiting the construction company’s website or by asking its representatives directly.
Be prepared for possible delays
Large projects are very rarely delivered on time, and it is impossible to avoid at least small delays. It’s essential to be prepared for such situations because if you’re buying a new home with a mortgage, a delay could mean you have to reapply for a loan. To facilitate this process, you can agree with the developers that in case of a long delay, they will be obliged to pay you compensation.
Conditions of your future home
You must be delighted with your new home, so the builder must fix all defects without additional plans. When you look around your new home, try to pay attention to everything from wood flooring to tiles and plaster. It is essential to look out for minor defects, such as cracks in the ceiling or uneven kitchen worktops. You must check the water supply, water pressure and temperature, the electrical network, and the operation of all sockets.
Security of your new apartment
It concerns two points. First, pay attention to the installed security system. It would be great if the residential complex includes a closely guarded area with lighting. Secondly, be sure to read the terms of the home warranty. Many house builders and developers offer a warranty and protection scheme from the National House Building Council (NHBC). This type of cover can help you to secure a mortgage as well as get peace of mind, and potentially save you money on repairs in the long-term
