Buying a new build home off-plan can be an exciting and rewarding experience. Purchasing a property that hasn’t been built yet may seem risky, but it can also offer many benefits that are not available when buying an existing property. Here are some of the advantages of buying a new build home off-plan:
The biggest advantages of buying off-plan often go to those who buy early in the lifecycle of a new development. Builders often advertise “pre-show home prices” as this is when some of the best buys can be secured as a reward for consumer confidence and commitment. Additionally, buying off-plan allows you to benefit from any price increases that will very likely occur during the construction process.
Buying off-plan also gives you the opportunity to customise your new home. You can work with the developer to make minor changes to the layout, choose finishes, and add personal touches to create a space that truly feels like your own.
New build homes are often built to higher energy efficiency standards than existing properties. This can result in lower energy bills and a more comfortable living environment.
Warranties and guarantees:
When you buy a new build home off-plan, it typically comes with warranties and guarantees that cover defects and structural issues for a certain period of time. This can give you peace of mind knowing that your investment is protected.
New build homes often come with modern amenities that may not be available in older properties. This can include features like smart home technology, energy-efficient appliances, and updated plumbing and electrical systems.
Lower maintenance costs:
Since everything in a new build home is brand new, there are typically lower maintenance costs in the first few years of ownership compared to an existing property. This can save you money and hassle in the long run.
Potential for appreciation:
In addition, new build homes also have the potential for appreciation over time. As the surrounding area develops and the property ages, its value may increase, giving you a return on your investment. But this will always be subject to other external market conditions.
Overall, buying a new build home off-plan can be a smart investment decision. With potential pricing advantages, customisation options, energy efficiency, warranties and guarantees, modern amenities, lower maintenance costs, and potential for appreciation, it’s a compelling option for those in the market for a new home.
As with any major purchase, it’s important to do your research and to work with an experienced developer to ensure a smooth and successful transaction.
Our Jones Homes sales advisors are there to answer any questions you may have about buying a new build home, the process and to offer reassuring information about warrantees.