Three quarters of home seekers would consider a new build home, our latest survey shows. The energy efficiency of new homes, not having to carry out DIY or spend thousands on renovations were cited as the most attractive features for buyers alongside the opportunity to unleash their inner interior designer onto untouched, neutral interiors.
New Homes Week 2019 takes place from May 13th to May 17th. It is a week dedicated to promoting the numerous benefits of buying a new home and provides valuable information to those weighing up their home buying options. In light of the event, a survey of 2,055 British adults was commissioned by the Home Builders Federation to find out the nation’s purchasing attitudes, benefits of buying a new-build and much more.
Whilst energy efficiency was named as the number one benefit of buying new, with 38% of respondents stating that would be a key reason to plump for a new build home, being free from DIY chores (35%) and acquiring a complete blank canvas were earmarked as being almost equally important (34%). The research also highlighted the aspirations of non-home owners, with two in three admitting that they would love to own their own home. This figure rose to 78% amongst 18-24-year-olds and 83% amongst 25-34-year-olds.
With the average-spend on home improvements coming in at £13,472, it’s no wonder that new build homes are so appealing. This includes decorating, which easily accounts for the highest expenditure among home owners with 68% feeling the need to brighten things up, closely followed by costly kitchen and bathroom renovations (43%).
The list of guarantees with a new build property is vast with all new homes benefiting from a 10-year warranty. With modern heating systems and construction, nothing can compete with their energy efficiency. Compared to the uncertainty that comes with buying an older home, the ease of buying a new build and the availability of Help to Buy is also incredibly appealing. Additionally, new homes are designed for modern living, which means no wasted space.
If you are thinking about buying a new home, follow us on social media to see all the great new developments available now. We’ll be promoting properties across the UK available to buy new.