5 things to know when buying a new build

New build properties are a large investment and as more developments are arising in both rural and city area’s we’ve got the guide to see you through! Here are our top 10 things to know when buying a new build home.

1 - New build homes can be bought "off plot"

To get a level of security when get in the door with any first buyer offers you can buy an “off plot” when purchasing your new build. Developers offer these plots to those who would like input into the fixtures and fittings of a home. Depending on the development size you can often buy off plot homes around 1-2 years before the completion of the development.

2 - All about warranty

Some newly built homes come with a warranty that can cover things like structural changes, appliances and even windows! Always research your development and what warranty is on offer.

3 - Inspection is key

Inspection is the key to success when purchasing your new build. If you’d like absolute certainty during your home-buying experience hire an independent inspector. These inspectors will look at both structural, interior and exterior details of the home to ensure they’re all up to standard.

4 - Location

Your new home is where you going to live and whether that is for a while or you plan to relocate it’s important to research further into the location of the development. Ensure you look at local amenities, schools and even commuting routes (planes, trains and cars.)

5 - Completion

The completion of a newly built home has a similar process to purchasing a resold home. Always be clear to your developer or estate agent of your wanted completion date. Outline an action plan to all parties if there are any delays and ensure any promises to a timelines are in writing. 

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