Buying a new home – what is the best stage to snap it up?

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It’s often said that here in Britain we put a great deal of importance on our homes, which is perhaps why our TV schedules are so full of property programmes and we spend so much time discussing the state of the housing market. However, the economic uncertainty of recent years has left many of us uncertain as to whether buying property is a wise idea. Although the property market in the south-east of England has held up well – thanks in large part to strong demand for rental accommodation – some other parts of the UK have experienced a sustained slump in housing values.

Buying Opportunities

Nevertheless, the recent weakness in the housing market across some British regions has opened up a whole host of buying opportunities for anyone in a position to take advantage. In addition, reforms to planning law, it is hoped, will stimulate further development and increase supply – thereby providing more bargains for eager buyers. But before you commit to anything, there are a few things you should consider. After all, buying a home is one of the biggest decisions you’ll make, and it’s important to avoid rushing into anything.

Newly Built

Many buyers are attracted to newly-built property for a number of reasons. For one thing, it’s never been occupied before, allowing those who move into it first to stamp their own distinctive identity on the property in a way which may not be quite so easy with a home which has been pre-owned. What’s more, new homes are also built according to the latest energy efficiency standards and building codes, meaning buyers should be able to expect a higher standard of craftsmanship. Even so, there are a few things you should do before you decide to buy a newly-built house for yourself.

First Steps

Perhaps the first step you should take is to review the house builder before you commit yourself to anything. Take a look online to find out more about their reputation. You should also ensure you check whether or not the house has a warranty. Whilst you shouldn’t expect to have to fall back on that warranty, it can be a weight off your shoulders knowing that it’s there. Make sure you have a thorough look around the property you are planning to buy, rather than simply taking a wander through a show home. There may be some differences you would otherwise miss. Then, if you’re ready to bring the move a step closer, make sure you instruct a conveyancing solicitor with experience of completing new property deals and resolving the issues that can sometimes go with them.

[box title=”About The Author ” color=”#4ba7e7″]Liz is a writer for Miller Homes, builders of new homes and homes in the North West.[/box]

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