Benefits of buying a new-build
Sponsored content from NHBC
Buying a house is one of the biggest investments you will ever make in life. Whether you are a first time buyer or are looking to move up the property ladder, there is no doubt that you will face a number of choices and decisions along the way.
Buying a new-build property is a great way to create an ideal home. Not only are they modern, well designed and energy efficient, you’ll be the first person to live there!
New homes built by an NHBC registered builder also come with the added benefit of NHBC’s ten-year Buildmark warranty and insurance policy.
For the last 80 years NHBC has been working with the house-building industry to raise the standards of new homes and to provide protection for homebuyers. Homes built by NHBC registered builders are also inspected at various stages of construction, this ensures they comply with rigorous technical standards.
Although it is unusual to have serious problems with a new home, it’s good to know that if anything goes wrong, you have the reassurance that NHBC Buildmark provides you with protection, including;
- Pre-completion deposit protection – This provides protection against the loss of your deposit. This could happen if your builder became insolvent before completing your home.
- Builder warranty for the first 2 years after completion – your builder is responsible for putting right certain damage and defects. You also ha-ve access to NHBC’s resolution service and NHBC guarantee should your builder fail to fulfil their responsibilities.
- Cover for parts of the home in years three to ten of ownership - insurance to cover the cost of putting right physical damage as a result of the builder failing to meet NHBC’s requirements in specified areas of your home.
Here are some further benefits of buying a new-build house:
- A completely blank canvas. A new-build home has a neutral interior, immediately ready for you to make it your own. They also come with a similar blank canvas in the garden, allowing buyers to design and plant to their preferred taste.
- Lower running costs. New homes are built with higher levels of insulation and have more efficient heating systems than before. Better energy efficiency means a reduction in carbon emissions and lower heating bills.
- The latest designs and specification - Designer kitchens and bathrooms fitted with the latest fixtures, fittings and energy efficient appliances usually come as standard with a new-build property. The most up-to-date energy efficiency and ventilation technologies are also often included so you can move in and enjoy your new property, knowing that it won’t need updating for many years to come.
- Incentive schemes – Some house builders operate their own buyer incentive schemes such as part exchange on an old house, payment of stamp duty, help with removal costs and part-funded deposits. Many developers also offer properties off plan, meaning homeowners reserving before the house is built can choose their desired plot and personalise the house to their individual needs.
Around 80% of new homes are covered by NHBC’s ten-year Buildmark warranty and insurance policy, which currently protects 1.6 million homes across the UK. Before you visit a show home or new development you can check that the builder is registered with NHBC at www.nhbc.co.uk or visit www.nhbcnewhomes.co.uk where there’s a range of helpful information on buying a new home.
NHBC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. National House Building Council is registered in England and Wales under company number 320784. NHBC's registered address is; NHBC House, Davy Avenue, Knowlhill, Milton Keynes, Bucks, MK5 8FP.