Is a new-build home a good move for a first-time buyer? - Ward Homes Yorkshire

Is a new-build home a good move for a first-time buyer?

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Is a new-build home a good move for a first-time buyer? 1

Choosing your first-time home is an incredibly exciting decision, but probably also one of the most major decisions you will make at this stage of your life. Therefore, it’s important to weigh up the options and contemplate what type of house you are looking for, where you want it to be located and when the best time would be to buy it.

Opting to buy a new-build property as your first-time home comes with it’s own set of unique advantages and considerations. It’s certainly a popular choice for current first-time home buyers and one of the reasons that we create lots of our new homes with first-time buyers in mind.

Below, we have listed some of the benefits that might interest you when considering buying a new home as your first home….

A relaxing timeframe to get your finances in check 

When you purchase a new-build home off-plan (before the build is complete), there is often a chunk of time that allows you the space you need to get all your finances sorted and your mortgage arranged. This is often more time than you would get if you bought an older property via an estate agent as all your finances would need to be in place before having an offer accepted with them. This extra time can help you to feel more comfortable and confident in your new home purchase as well as offering you the extra time to research and ask for advice where needed.

Less risk of the sale falling through 

Buying a new property means that there is no onward chain to consider in the buying process. This minimises a lot of stress that could come with buying an older property whose buyers are part of an onward chain – if any part of their chain were to fall apart at any time, this could mean big delays for your move-in-date, or even the risk of your purchase falling through altogether. We know that many first-time buyers are currently renting a property, therefore, being given a clear move-in date when you can collect your keys from us will ensure you can give your landlord the appropriate notice period before moving out of your rental.

A home that’s modern and eco-efficient 

If you are looking for a first home that’s modern and energy efficient, then a new-build could be just perfect. New homes come equipped with modern amenities and energy-efficient features that may not be found in older properties, such as solar panels, smart home technology, double-glazed windows & doors, energy-efficient appliances, and environmentally friendly building materials. Not only does this contributie to lower utility bills but it also helps you to enjoy a more sustainable and conscious lifestyle to be proud of.

No annoying renovations or repairs needed

Since everything in a new-build home will be brand new when you move in, you won’t need to spend any valuable time or money getting quotes from tradespeople for repairs and maintenance as you might with an older property. The doors, floors, walls, lighting, bathrooms and kitchen – in fact everything – will all be brand new, which may be particularly attractive for first-time buyers who may not have the time, resources, or experience to handle extensive repairs and renovations.

Options for personalisation 

Depending on when you buy your new home during the building process, there may be options that allow you to select finishes and upgrades for certain features in your property. This level of personalisation can be particularly appealing if you want your first-home to be a perfect reflection of your personality when you move in.

Warranties and Peace of Mind

Imagine moving into your first home and then realising after a short amount of time that you need a new boiler/cooker/fridge that you didnt budget for. Well, thankfully our new homes come with a warranty, which will cover you for structural defects and major systems for a certain period after the purchase. This peace of mind can be very reassuring for first-time buyers, knowing that they won’t be responsible for costly repairs in the immediate future.

Sound right for you? 

In conclusion, there are many benefits that come with buying a new build home. In the end, it comes down to personal preferences, priorities, and financial decisions. By weighing up the considerations and conducting thorough research, first-time buyers can make an informed decision that aligns with their goals for their very first home.

If you are considering a new home as a first-time buyer and want to get in touch about available properties at The Folly, Hornsea, please email us on hello@wardhomesyorkshire.co.uk or call 01964 534560.