I'm planning to buy a new home and was wondering if there was some sort f guidance you could give me of how much more expensive are newly-built house compared to something similar not new.
For example, in the same area, for a house pretty much identical, would you say that a new house should be about 10/15% more expensive?
Bitstring , from the wonderful person Zoe Brown said
For the following reasons:
1) they are often built poorly compared to older versions.
2) they usually have smaller plots, and smaller rooms
3) you have about 1-2 years of 'snagging list' to work through before you get a finished house.
4) they are frequently surrounded by building site, as other houses on the same estate get finished.
5) they don't have the gardens/landscaping, and other 'add on' features you find in mature houses.
It would be pretty difficult to compare like with like. New houses are smaller and not built to the same specification. Gardens would not be etsablished, decor would be pretty dull and having everything new means cheap bottom of the range appliances and plenty of teething problems. New houses also generally come with some kind of "we'll pay the deposit" offer.
Yes new houses that I've looked at are 20%+ more expensive could be something to do with the NHBC cert which I've found to my own experience is worthless pretty much.
Whether they're worth it, I'd say not. Teething troubles are a nightmare let someone else sort that out and buy an older house. I bought a 7 year old house this year and had to replace both sets of patio doors because they were letting in moisture on to the carpet.
The place before that was a little older and the boiler was too small to service the whole house when you're buying a boiler you want the right one.....unless you're putting up 50 houses in which case you want the cheap one....
No, generally new houses are more expensive. I have been receiving details of new houses and prices for at least 18 months from various builders, small and large. Without exception (i.e. not 'generally') they are more expensive than equivalent established properties. Yes, an established property has the garden looking nice. And no snagging list. But also no guarantee, no cooker, fridge etc, or what the previous owner left and totally knackered, 1970s insulation levels, carpets with the detritus from 20 or more years of strangers. No, ta!
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