Cons
Privacy
New build properties tend to be built on the smaller side so developers can make as much money as they can.
Many new builds will have gardens that are overlooked by neighbours or have large parking areas for multiple cars.
Smaller rooms
As previously mentioned, new builds can be smaller which means the rooms could be smaller.
This can be a “struggle” for people with lots of furniture.
Price
The experts at Stelrad said developers can charge a “premium rate” for new, unused homes.
They said: “Once you move in, the value of the property almost instantly drops as it cannot be described as ‘new’ any longer.
“However, the value can rise again on a long term basis so should not be off putting if you are planning on living there for some time.”
Snagging
New builds can have problems when homeowners move in due to modern building techniques.
It could be as simple as a door not closing properly or a leak from one of the pipes.
A snagging survey should be done to iron out such problems.
Delays
New build projects can be susceptible to delays, especially if it is bought off-plan.
If problems occur or the process takes longer than anticipated, this can have an effect on mortgage offers or the buying chain.
Delivery problems
New housing developments are not usually added to Google Maps right away so it can be difficult for people to find the property.
Takeaway orders and delivery drivers can struggle to find the property if they can’t find it on their phones.
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