For first time home buyers, choosing a new build property is a great option, ticking all the right boxes when it comes to affordability, peace-of-mind and making your big step as easy as possible. To help you consider what’s best for you, we’ve outlined some of the very good reasons for choosing new build in our quick, two-minute read below:
Fresh, clean and brand spanking new
New builds give you a wonderful blank canvas, with carefully designed living space that’s ready to move into and freshly painted ‘neutral’ decor that’s easy to put your stamp on in your own time. Depending on the build stage, you may even be able to choose flooring, tiles and kitchen and bathroom fixtures and fittings, all newly installed and in perfect working order.
No costly renovations
There’s a lot to be said for not taking on lots of work in the first property that you buy! A fixer-upper might seem appealing, but modernisation works can be time-consuming and expensive. Without a list of DIY jobs to tackle or updates to make, you don’t have to worry about finding good tradespeople to carry out works, the upheaval of living amidst renovations and importantly, mounting labour and materials costs.
Energy-efficient – cheaper to run in the long run
Built using the latest materials and to current building regulations, new build homes are low maintenance and energy-efficient. With better insulation than older homes and energy saving features such as double glazing, low-energy lighting and AA+ appliances, you are likely to spend less on your utility bills, year-on-year and the savings mount up.
Peace of mind – priceless!
Warranties are a major plus for those buying their very first home. Every new Lovell home is covered by the 10-year NHBC Buildmark Warranty and 2-year builder guarantee, bringing you the peace of mind that you won’t have to finance any repairs down the line.
Offers to get you started on starting out
Another good reason to choose new build right now is the government’s Help to Buy Equity Loan scheme. Those who have never owned a home before are able to put down 5% of a property’s value, with the government offering an interest free loan equivalent of 20% and the remaining 75% is covered by a mortgage.
First time buyers buying a property under the £300,000 threshold will not pay Stamp Duty and those paying between £300,000 and £500,000 will pay 5% of the purchase price.
And while the government is keen to support first time buyers, Lovell is too, with a £500 contribution towards your legal fees. Learn more about the offers that can help you.
Independent financial advice – free of charge
To help you make the right move and at a cost you can afford, we can refer you to our independent financial advisors, who will source the best mortgage deal to suit your individual circumstances. As specialists in new build properties and the Help to Buy scheme, they are here to answer your questions and put your mind at rest. And using their services won’t cost you a penny.
A ready-made community
Choose new build and you will be part of a ready-made community – perfect for those wishing to stay in an area that they know and love and equally ideal or those starting out in a new location too. Read how other first time buyers found their dream homes within friendly and supportive communities with Lovell here. [Why Lovell? | Benefits of Lovell New Build Homes | Lovell Homes]
Call on our expertise
Remember, Lovell’s team has helped thousands of first time buyers make the leap to becoming home owners. We’ll be only too happy to help you too, with everything from arranging viewings at our beautiful new homes, to answering your questions. Find your perfect home online now or get in touch to get the ball rolling.
