Things to Know Before Buying a New Build House
Buying a new house is one of the greatest financial investments in people’s lives, so it can be pretty intimidating and challenging for anyone. Therefore it is essential for buyers, especially first time buyers, to educate themselves to make their equity safe.
There are many reasons why you should invest in buying a new build home. Besides fresh paint and a new clean carpet, you won’t have to worry about all that long chain work that needs to be completed before moving in.
To make things simpler for you, we have pulled together a list of the most important things to know before buying a new build house.
5 New Construction House Buying Tips:
1. Word of mouth; the neighbours can tell you a lot
You can never do enough research when it comes to buying a new build house. Although the contractor’s website is the place to start with this endeavour, you need to make sure to look at what other neighbours have to say about their new home.
Talking to them is the best way to learn more about the area you are moving to, the pricing, the developers, and the snagging procedure. Check out how many houses have been occupied or how many plots have been sold. You don’t want to end up living surrounded by a construction site or living alone for months.
2. Protect against shoddy construction
We get it. You are concerned about the standard and quality of the building. There are a couple of things you can do to make sure you get the level of quality you are paying for. Request full specification, floor plans, and so on for the plot before being tempted to make a final decision.
These should include finishes, materials, and precise details on property measures. However, it is also a good idea to find reliable and professional bricklaying companies who can do a full inspection of quality – do not let the constructor any room to cut corners!
3. You have space to negotiate
People often have a misconception that price for a new build house is fixed. But it isn’t. You have plenty of space to negotiate with the constructor depending on the condition of the property market, the number of people who are interested in it, and how long ago the house went up on the market. The key is to get acquainted with plot prices on similar developments.
4. See if there are hidden costs
Although this is quite obvious, it is crucial to know. Clarify once for all with the constructors that the price you are trying to get needs to include everything necessary for living in a new build house.
5. Wait to move in
When buying a new build house, you will exchange contracts with the developer months before you move in. Remember, this is the point at which you pay the first deposit.
Bear in mind that there are two dates. The first one is the short stop date, and the second is the long stop date. The first one is the time when the developer expects to finish work, while the second one is the date when the house must be completed by.
All in all, make sure to find reliable brickwork contractors who can give you complete peace of mind coming from the fact that the house you are going to buy is worth your money!