The Pros and Cons of Buying a Brand New Home vs an Old Home

If you’re about to buy a new home, you need to decide whether you want a new home or an old one. Here are the pros and cons of each option to help you decide.

The Pros and Cons of Buying a Brand New Home vs an Old Home | UK Lifestyle Blog

New Homes

Other than the romance of watching it be built, the main attraction of new homes is that they’re finished to a very high standard, and there’s no wear and tear. No one has lived in them before, and they have literally only just been built, so they’re in perfect condition. You won’t have to worry about doing a survey and having repairs done to the structure of the property. It will also have a very modern and contemporary design inside, so you won’t have to modernise the decor or design of the property.

Some companies will even allow you to suggest changes and design alterations to the property if you buy before construction has been completed. This means it will carry your own personal ideas and design touches from the first day you move in. All the appliances and electricals in the home will usually be provided for you too, so you should save some money. If you want to explore the market for newly built homes, visit http://ballantynes.uk.com/new-homes/.

New homes tend to use the best materials, and that means your home will be more energy efficient, and your energy bills will be lower. There are some cons to consider though. Those appliances are often included in the price of the property, which can make some newly built properties quite costly, unless you are lucky enough to be on the Help to Buy Scheme.

There’ less of a community atmosphere to enjoy. You’ll probably be moving into a house on a whole street of newly built homes, like I did. But this means that everyone will be new there, and we are able to create our own community.

Old Homes

Old houses are certainly the less fashionable and flashy option of the two. But you should rule them out because there are a lot of pros associated with them. For a start, the market for old homes is much larger than the market for newly built homes, so you’ll have a lot more choice if you are on a budget. There are so many different types and styles of home, so you can explore and consider them all if you buy an old home.

When you buy a new home, the price is usually fixed and non-negotiable. But that’s not the case if you buy an old home. You’ll be free to negotiate a price with the person selling the property. You’ll usually be able to arrive at a compromise that suits everybody. A home that has a history usually has more character and charm as well. 

The bad things about old homes are usually associated with the age of the property. When a home has been lived in by different people for decades, there will be wear and tear to consider. It won’t have that newly built feel, and it will probably be pretty inefficient as well. These are known sacrifices though. You just have to weigh up your options and ask yourself where your priorities lie.

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Author: Sam Charles

Meet Sam, the creator behind UK lifestyle blog, Strawberry Squeeze 🍓 Sam is a newlywed living in Cornwall studying her PgDip in Strategic Direction and Leadership with the Chartered Management Institute 🍕🐰 She's also the Founder + Director of multi-award-winning SEO & PPC agency, Float Digital ✨

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