Truth: Whether you’re actively considering a new-build home or it’s not currently on your radar, you may have some preconceptions about buying a brand new property. New homes are sometimes dismissed for various reasons, which can sometimes put buyers off before they’ve even explored the option properly.
However, new-build homes can offer a completely different experience to what you may imagine. So, let’s take a look at the most common misconceptions about buying a new home and explore how they compare to reality.
Myth: January isn’t a good time to buy a home
Truth: Can we wholeheartedly disagree? What could be a better way to start the new year than by stepping into your dream home! While spring and summer are traditionally seen as peak house-hunting seasons, buying a home in January can come with distinct advantages.
As it’s generally a quieter time for house-hunting, you might find that the whole process feels more manageable and calmer.
Viewing a home during the winter months also gives you a realistic picture of how it looks and feels in colder and darker conditions, which isn’t always obvious when viewing a property on a warm, sunny day.
Myth: All new-build homes look the same
Truth: Modern developments are designed with variety and character in mind. At Peter Ward Homes, we eschew the ‘cookie-cutter’ approach to build developments with personality. Features such as traditional brickwork, contemporary render finishes, double-fronted homes and integrated garages mean that each home has its own character and style. Our developments have been designed to maximise space – some with larger-than-average gardens and accessible parkland – so you have your own private space, but still feel part of a community.
Inside, a new home is a blank canvas, allowing you to choose the interior finishes that speak to your own personal taste. From your choice of kitchen cabinets and wardrobes to flooring and tiles, you can make your home feel distinctly your own.
Myth: New homes are more expensive than older homes
Truth: Focusing solely on the upfront cost doesn’t always tell the full story. Older properties may require immediate investment in repairs or renovations, such as replacing the boiler, fixing the roof or upgrading the kitchen. In contrast, new-build homes are ready to move into and built to modern standards, so you’re unlikely to face any unexpected costs in the early years of ownership. Peter Ward Homes properties also come with a 2-year builder’s warranty, plus a 10-year NHBC Buildmark warranty, giving you peace of mind that you’ll be covered.
It’s also worth mentioning that thanks to the energy-efficiency of new homes, you’ll be saving money on your bills for years to come – up to a whopping £979 a year to be precise, according to the latest Home Builders Federation figures.*
Myth: You need a huge deposit to buy a new-build home and mortgages are harder to get
Truth: Saving for a deposit remains one of the biggest challenges for all buyers, particularly first-timers and young families. However, this doesn’t mean that it’s not achievable with the right solution. New-build mortgages are widely available and there are tailored products that can make the process more straightforward.
Thanks to expert advice from an Independent Financial Advisor who specialises in new build properties, buying a new home might be much more achievable than you expect. They usually have a solution to suit everyone and our customers are often surprised at how easy it is to afford a new home.
As you can see, having the right information is key when it comes to finding your new home. Head to our Help for Buyers section for more help and advice around buying new homes and we look forward to seeing you at one of our new developments soon!