While the effects of the coronavirus pandemic have been felt keenly by the construction industry, the construction of new build homes has bounced back with surprising speed; according to government figures, completions were at their highest level in 20 years with 50,000 in Q1 of 2021-22. As new builds take up an increasing segment of the housing market, old myths have begun to circulate with greater frequency. But myths as they are, they can be easily debunked. Here are four myths about new build homes, and how they can be busted.
Myth #1 – New Builds are More Expensive
While it might be true that the list price of the average new build tends to be higher than that of the average pre-existing home, buying a new build can in fact come out cheaper in the long term. This is because older houses are far more likely to require additional investment, in the form of redecoration or even major reconstructive works.
Myth #2 – New Builds are Always Rural
The site of new build construction underway beside B-roads and past the suburbs is a common one, but it is a myth that new builds are more often constructed in rural areas. For developers, transport links and proximity to amenities are a priority, in order to ensure the swift sale of the properties. While some outliers may stick out to those driving past, the majority of new builds can be found to build on a sense of community – and to ensure all the accessibility that community would need.
Myth #3 – New Builds Have Less Space
It’s a common misconception that new builds are smaller than pre-existing houses on the market. While many believe that development space is growing thin, there is in fact abundant land on which to build. Also, modern builds may appear smaller in footprint, but are in fact much more suited to the contemporary lifestyle than older homes. They boast flexible living spaces and smart storage, allowing people to make the most of every inch.
Myth #4 – New Builds are of Poorer Quality
Many of us have seen images or footage of shoddily built new homes, with improper damp coursing or leaning walls. The myth is that many new builds are to this quality; the truth is that new build properties, wherever they are, are subject to stringent modern regulations, and more often than not perfectly well-built. The poor examples that might make the rounds online are just that: examples, exceptions in an expansive industry that just as likely may be found in older properties as newer ones.
For peace of mind, it might help to invest in a snagging survey to make sure your new build is up to code before your completion date. Plus, many new build developers cover a 10-year new build warranty, in case any issues do show during a new build’s early life.
- Homebuilding and Renovating Show Free Tickets - March 19, 2024
- From Fixer-Upper to Dream Home: Investing Returns in Your Property Journey - March 13, 2024
- Leaving on a High Note: Acing Your End of Tenancy Clean - March 13, 2024
