The benefits of buying new
If you’ve never owned a new-build home, you might not be aware of the many advantages of buying one in comparison to an older property. New-build homes are superior in so many aspects, from reliability to running costs. Prospect Homes are passionate about the joy that comes from living in a new home and the many practical benefits it offers. We’d like to explain why buying new is a smarter option, and why buying new from Prospect Homes is the smartest option of all.
Efficient use of space
Older properties rarely reflect the realities of modern family life, and they are often inefficient in their use ofspace. In contrast, a Prospect home makes use of every inch. For example, our large open-plan kitchen/dining/living areas are far more comfortable, flexible and efficient than the separated spaces of older properties.
Prospect homes are also built to the latest contemporary specifications, with high-end appliances, units and worktops, security alarms, tiling plus much more as standard. Imagine having all that, brand-new and ready to use when you move in!
Building regulations require new-build homes to meet certain standards of energy efficiency which don’t apply to older properties. Studies show that an energy efficient new build can save you thousands per year on energy costs compared to older homes. A Prospect home includes modern roof and wall insulation, double glazed windows and doors, and energy-efficient central heating from the contemporary combi boilers utilising thermostats in each room to ensure that heat is not wasted when they’re unoccupied.
A blank canvas
As the one place where we have complete freedom to express our tastes and individuality, the home should reflect our identity and personality. A new home represents a blank canvas for your creativity – you are, after all, the first person to live there!
With an older home, you’ll probably have to rip out carpets, strip wallpaper, repaint and perhaps even replace the kitchen and bathrooms. You could be looking at a lot of labour and a lot of cost – it is suggested that on average people will spend up to £20,000 renovating an older home. With a new home, you can stamp your identity from day one. If you purchase early, most of your key style choices are usually made before it’s built, so your new home can be tailor-made to your tastes.
With fresh tiling, paintwork, new kitchen and bathrooms, there should be very little, if anything, you need to do to your new home on arrival. You can simply unpack your belongings and start enjoying it!
Prospect Homes’ standard specification offers a huge variety of options, styles and combinations to apply to your blank canvas, from worktops and cupboards in the kitchen to tiling in the bathroom. If you want to add an extra personal flourish, we also offer a wide range of upgrades.
Breaking the chain
Buying an older home can be a very frustrating and uncertain experience. If the vendors are waiting in a chain, that means you have to wait too. Worse still, their purchase could fall through and delay everything indefinitely. Buying from a housebuilder means you’re the first owner and won’t have a chain of buyers above you, removing one of the biggest obstacles to a smooth move. If you’re a first-time buyer, you’re guaranteed to have no chain at all!
Support to speed up your move
When you buy new from Prospect Homes, you get access to a range of schemes which can help overcome obstacles to buying and selling.
If the sale of your home is being delayed by a chain, or you’re struggling to find a buyer in the first place, our Part Exchange Scheme provides an immediate buyer and instantly takes chains out of the equation.
Alternatively, our Easy-Move scheme frees you from all the stress and hassle by managing the selling process for you. We’ll find an estate agent for you, deal with the day to day and pay your selling fees of up to £3,000.
If you need help finding a suitable mortgage solution, we offer the Deposit Unlock scheme which enables you to purchase a new-build home with a 5% deposit using a mortgage offered by a participating lender, currently Accord mortgages, Newcastle Building Society and Nationwide.
Certainty and peace of mind
Nobody likes uncertainty, least of all when buying a home – it’s the biggest purchasing decision most of us will ever make. With older properties, a certain degree of uncertainty is inevitable. Even the most exhaustive surveys can fail to detect some defects which turn out to be nasty surprises when you move in.
A new build home offers much more certainty – housebuilders are required by law to meet industry standards and you are also covered by Consumer Code for Homebuilders which is designed to make the home buying process fairer and more transparent for customers.
Prospect Homes are covered by a 10-year warranty and insurance from the NHBC. The NHBC’s Buildmark is a market-leading scheme which includes protection for your deposit after exchange of contracts, a builder warranty for two years after legal completion and then insurance against certain defects after the warranty period until the end of the policy.
Prospect Homes are also renowned for an exceptional after-sale service which ensures that any post-move issues are dealt with quickly and efficiently. It all adds up to a hassle-free experience for our customers.
In short, the answer is obvious if you want a smooth move into a home that gives you modern luxury and efficiency, creative freedom, peace of mind and lower running costs – choose a new build from Prospect Homes!