Buying a new-build house can be an exciting prospect, offering a fresh start in a brand-new home. New builds are an excellent option for anyone, but especially first-time buyers who don’t want to inherit the kinds of problems that older homes can bring. However, buying a house is a big decision, so it's important to approach the process carefully. From warranties to hidden costs, here are some key questions to ask when buying a new build house.
6 Questions to Ask When Buying a New Build House
Before you sign on the dotted line, make sure you ask these questions of your developer:
1. What is the Builder's Reputation and Track Record?
Before committing to a new-build property, make sure that you research the reputation of the developer. Look at their ‘About Us’ page and try to get a general feel for their experience in the industry. It also helps to find out how long the builder has been in business and the other developments and projects they’ve worked on in the past so you can get a better idea about their quality and style.
2. Are There Any Extra Costs?
As well as stamp duty, which some buyers may need to pay (on homes over £250,000 or £425,000 for first-time buyers), there are some other considerations when buying a new build. Ask your developer about potential extra costs such as ground rent, service charges or maintenance fees. Also ask whether there are any ongoing costs associated with the development, such as contributions to a residents' association or maintenance of communal areas. Bear in mind too what fittings and fixtures come with your home as standard, as some developers may charge extra for add-ons such as outdoor taps and turf. Although some developers may choose to charge for these things, at Sanctuary many of these features come as standard.
3. What Warranties and Guarantees are Provided?
When buying a new-build house, ensure that you understand the warranties and guarantees that come with the property. Enquire about the builder's warranty, which typically covers structural defects for a specified period. Also, check whether there are any warranties for individual fixtures or appliances that come with the house, such as ovens or heating systems and whether you need to activate these yourself.
4. Can I Customise or Make Changes to the Property?
When you buy a new-build property, you’ll often have the chance to customise certain aspects of the house, such as choosing fixtures, finishes or layout alterations. This is a great way to get the home you’ve always wanted. However, always clarify the extent of customisation options and any associated costs. Ask whether there are restrictions on modifications and, if changes are allowed, enquire about the process and timelines involved.
5. What is the Energy Efficiency Rating?
We’re all increasingly aware of our environmental impact, so energy efficiency is a key consideration when buying a home. Not only does the amount of energy it takes to heat or cool your home impact the planet, but it also impacts how much you’ll pay in bills. That’s why it’s important to ask your developer for the Energy Performance Certificate (EPC) rating of the property you’re looking to buy. A higher rating indicates lower energy consumption and potentially lower utility bills, making the property more cost-efficient in the long run.
6. Are There any Planned Developments or Amenities Nearby?
Consider the future value and desirability of the location by asking about any planned developments, community support or amenities in the vicinity. Find out too if there are any upcoming infrastructure projects, schools, shops or recreational facilities that could enhance the area. This knowledge can provide valuable insights into the long-term potential of the property and its surroundings.
Have All The Information You Need When Buying Your New Home
Buying a new-build house is a significant investment, and asking the right questions is essential to make an informed decision. By addressing these key areas, you can ensure that your new home meets your needs and serves as a comfortable and enjoyable living space for years to come. If you’re looking to purchase a quality new-build home, you can trust Sanctuary to provide everything you need as standard, right down to the small details. Sanctuary is here to help you, at every step along the way. Search our properties to find out if there’s a Sanctuary development near you.