New Build vs. Existing Property: Which is Right for You?

The decision to buy a house is an investment in your future, a place to build memories, and a significant financial commitment. One of the first hurdles you’ll face is deciding between a brand new property and an existing home. Both offer distinct advantages and disadvantages, and the “right” choice ultimately depends on your individual needs and priorities. In this blog, we’ll outline the facts about both so you can make an informed decision.

What does new build vs existing home mean?

In basic terms, a new build home is one that has not been lived in before and is typically constructed by developers on new plots of land. Existing properties, on the other hand, are homes that have had at least one previous owner. 

Benefits of buying a new build home

Buying a new build home has certain benefits over choosing an existing property, such as: 

It’s ready to move into immediately

No waiting around for previous tenants to leave, choosing a new build home means there’s a chain-free transaction. This can minimise stresses that could be involved in the process of buying a house compared to buying an existing property.

Start with a clean slate

Purchasing a new build home means you can put your stamp on the property without worrying about renovations and repairs needed before moving in. Everything in your home will be brand new, so you don’t need to worry about out of date furnishings or old appliances. Depending on how far along your home is built when you buy it, you may have the opportunity to personalise kitchen styles and choose upgrades. 

In the initial years of ownership, new builds require minimal maintenance. With everything new and under warranty, you can enjoy peace of mind knowing major repairs are unlikely.  This allows you to focus on settling into your new home and creating memories, rather than tackling unexpected maintenance issues.

Energy efficiency 

New builds adhere to the latest building regulations, incorporating features that promote energy efficiency. At County Town Homes, we provide energy saving heating, where all homes have an air source heat pump with a seven year warranty, all you need to do is ensure it is serviced each year.

Warranty protection

County Town Homes provides a 10-year structural new home warranty. This warranty offers additional peace of mind and protection against unforeseen issues. Should any structural problems arise within the warranty period:

• The developer/builder is responsible within the first 24 months.
• Beyond this, up to 10 years, you can claim from warranty for repairs.

Benefits of buying an existing property

Let’s take a look at the advantages of choosing an existing property:

Character and Uniqueness

Existing properties might have interesting architecture and features that set them apart from modern new build homes. The variety of architectural styles, from Victorian terraces to Georgian townhouses, offers a sense of history and individuality. 

Established neighbourhoods

When you purchase an existing property, you may enjoy joining a community that is already established. It may be more convenient to find local amenities like parks, schools, shops, and restaurants within the neighbourhood. On the other hand, with a new build, everybody joining a development at the same time could create a sense of community and openness to meeting new people.

How to make the right choice

Ultimately, the decision between a new build and an existing property is personal. Consider your priorities, lifestyle, and budget.

Here are some questions to ask yourself:

• Am I comfortable with potential maintenance costs and renovations, or do I prefer a move-in-ready solution?
• Do I prioritise modern design and energy efficiency, or is character and a sense of history more important?
• How important is a quick and simple buying process to me?
• What is my budget, and how much flexibility do I have for potential renovations or repairs?

Explore new build homes

Once you’ve weighed the pros and cons of new builds versus existing properties, you can start exploring your options. If a brand new home with modern features and peace of mind resonates with you, County Town Homes is a great place to begin your search. We are dedicated to building high-quality new homes in desirable locations across Shropshire and Staffordshire. Take a look at our latest developments.