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Searching for the perfect home to begin a new chapter in your life can be challenging, especially with all the options available within the current market.
A big debate when buying a home is whether to look at newer or older properties and the pros and cons of both. To help with this decision, here are some of the main differences between the two:
It’s no secret that new build homes are far more energy-efficient than older properties. This is because they have been completely updated to align with the most recent housing regulations. Modern building techniques and materials also have the added benefit of being much less environmentally harmful.
Older homes do tend to have thicker internal walls; however, new builds have better insulation, light installations and central heating. Most also have up-to-date double glazing, trickle vents and restricted flow taps, meaning they are generally much more efficient as there is less wastage.
This means you will be saving a considerable amount on your energy bills each month, so newly built homes are perhaps a cheaper long-term alternative.
As new-build homes are previously uninhabited, all appliances and furnishings are completely unused, so you are much less likely to have future problems with them. Most new builds also come with a developer’s warranty, meaning that if anything breaks within the guarantee, a builder will be sent out to fix it.
Despite the addition of house value being somewhat easier, older properties often need extensions and more internal work after buying, which can be expensive. Another thing to consider is the incentives offered by development companies when selling you a newly built home, as these can cover important future upgrades within the house.
Level of Personalisation
Due to their longer-standing history, it is often said that older homes can naturally have more architectural character. Many families have lived within those walls before, therefore there are already memories made, which inevitably reflect in the house’s appearance.
However, with a newly built home, the canvas is blank. This can seem overwhelming at first, however, starting from scratch is a great way to put your own stamp on things. Living in a house that feels unique to you is a great way to settle in, so feel free to personalise your untouched space in exactly the way you’ve always dreamed.
Chain of Previous Owners
Of course, new builds have never been owned before, therefore there won’t be anyone to advise you on the specific home you are looking at. Older homes do have this advantage; however, aged properties will have suffered wear and tear throughout the years and will have a long chain of previous owners – depending on how long the house has been inhabited.
You must also take this into account when buying or selling. The process is usually much faster when buying a new build than an older home, as the property chain begins and ends with you.
Ultimately, the decision of which option is most suited to you and your family completely depends on what you are looking for. There is no right or wrong answer, and location of course plays a huge part.
Try to remember that, over time, any house will feel like the perfect home to make long-lasting memories, no matter which option you end up choosing.