Is buying a new build home a good investment?

While buying a new property can be costly, the benefits of a new build property make it well worth the investment. Here are all of the ways that a new build property offers great value for money.

Benefits of buying a new build home:

• Better for the environment
• Free rein to design as you please
• Many new builds are now available through Shared Ownership
• You avoid a property chain
• You’ll pay less on long-term maintenance 

Better for the environment 

When you buy a new build home, you aren’t just doing yourself a favour - you’re also helping out the environment! Built during more eco-conscious times, newer properties are created with sustainable materials that are much less harmful to the environment. Newly built properties are also built with higher levels of energy-efficiency than older properties, keeping your home warm and insulated at a much lower cost. This means that you’ll be helping out Mother Nature, while making the cost energy bills easier on your pockets.

Free rein to design as you please

One of the biggest benefits of buying a new build home is that you’ll get to personalise your home as you please. Whereas buying an older property means inheriting the seller’s taste for interior design, a new build gives you a blank canvas to let your personality run wild. Depending on the stage of your property’s construction, you’ll often get the option to choose your own kitchen and bathroom colour palettes. 

Many new builds are available through Shared Ownership

Buying your first home is no easy task - especially during a cost-of-living crisis. But if you choose to buy a new build, the uphill task of buying a new property suddenly becomes a lot easier. Why? Because, where available, first-time buyers get to take advantage of Shared Ownership. Shared Ownership allows you to buy a smaller share of a property, which removes the difficulty of having to save a huge deposit and then you pay a subsidised rent on the remainder. With Square Roots, you can take advantage of Shared Ownership and Affordable Rent schemes to get access to some of the highest-quality homes on the market!

You avoid a property chain

As well as being great to own, buying a new build results in a much smoother buying process. Buying an older property from a seller often results in a property chain, where you have to wait for the seller to buy their new home before you can move in. Buy a new build, and this potential hurdle is yesterday’s news. As soon as you’ve passed the affordability checks and completed your payment, you’ll be getting your house keys before you know it.

You’ll pay less on long-term maintenance

Buying a new build means you’ll get to avoid the cost of fixes and repairs down the line. Fitted out with the newest fixtures and appliances, you’ll not have to worry about wear and tear in your property anytime soon. 

Want to enjoy the benefits of a new build property? With Square Roots, you can buy a high-quality new apartment in Greater London, at a price you can afford. Whether you want to use Shared Ownership or Affordable Rent, you can find a home using our property search.