The housing market presents many choices for new buyers, and it can easily become overwhelming. House or flat? Garden or no garden? Open plan or many different rooms? One key question can also be whether to invest in a new build or old build. Below are the benefits to each to help you make an informed choice.
A new build can be a popular choice for many reasons, and especially for first-time buyers who want to make their very first home as personal as can be.
There are many factors and benefits to consider when thinking of a new build, including the following:
If you’re the type of homebuyer who wants to move into a new home and be able to make it their own straight away, new builds provide the perfect blank canvas. You don’t have to contend with completely updating an outdated colour scheme or tastes from previous buyers, and you can begin putting your personal taste into your home as soon as possible.
Nobody Else Has Lived in Your Home
Getting a new build in a brand-new development means you’re the first and only owner of a new property. This can be particularly appealing for those buyers who want their home to be personal to them. Knowing that you’re creating your own memories in a new build which nobody has imprinted on before can be very rewarding.
Buying a new home means significantly less to worry about in terms of interior and structural problems. With a new home, if investing in a new property development, you can be sure that you won’t need to worry about areas such as cracked foundations or tiles missing from the roof. Searching for a new build property, like with Linden Homes, means you know you’re getting the latest features and can depend on brand new structures.
Seeing the benefits of an older build may not be as obvious as with new builds, and they make take more time and effort. However, with old builds, the experience can be very rewarding over a long period, both personally and financially.
Potential to Make a High Profit
If you’re considering completely outdated and very old homes, to renovate and update them, this can mean you earn a lot of money back if you come to sell in the future. To achieve this, it does mean you will need a lot more savings, as you may need a high renovation budget to make the updates happen.
However, if you’re in it for the long haul and are looking to make gradual updates over time, this can be gratifying for those who enjoy DIY and home renovation looking to make a profit.
Depending on your taste, you may benefit from the character and original features of older properties. This could be areas such as traditional fireplaces, character windows, or roof beams. Therefore, older houses certainly have more charm and character, if that’s what you’re looking for in a property, and these original features are hard to replicate within a new home.
New Build or Old Build?
It’s important to consider all your options and view many different properties before coming to a decision.