Thinking of buying a new build home? Then this guide is for you! – It outlines what you should consider and what process you should follow before purchasing your new home…
Get your finances in order:
The first job is to get into a proceed able position. There is no point looking if you can’t buy, it just wastes time and you will end up disappointed.
If you are buying cash, how quickly can you access the funds, can you provide proof of the funds?
If you are buying with mortgage, speak to your bank or mortgage advisor who will assess what mortgage you can afford and provide you with an agreement in principle.
If you have to sell a property before buying, the property should at least be under offer. If you have not sold then your only option may be part exchange as a builder will not consider an offer from a buyer with a house to sell.
What are your requirements for your new build?
To help narrow your search outline what your requirements are. What locations will you consider? What features do you definitely need/want your new home to have?
How to begin your search for a new build home?
Rightmove is a great place to start as it allows you to see multiple listings from many builders.
It is also worth looking directly at the builders websites to see what developments are available and which are coming soon. This list outlines the websites of the main national builders and should help with your search for buying a new build home:
There are also specific websites that specialise in helping with your search for a new home:
Contact new build home builder or agent
Once you have done some research and identified some possible new build homes, then you can contact the relevant builder or estate agent.
Ask to be sent details on type of home you want. Also ask more details about the development:
- How big is the development?
- How many units are sold and already occupied?
- Ask for a plan/map of the site?
- Ask which units are available and which are already sold?
Drive by the development, look at local area. Is there any evidence of antisocial behaviour? What are the local amenities like? How are the local transport links? Can you see yourself living in the area?
Have a drive or walk around the development to get a feel for it without the pressure of being with the sales agent.
If you can see yourself living there pop into the site office or make an appointment to view the property or show home. Buying a new build home is a big step, so you must be certain you are happy with your choice before you commit!
To help you make the right decision, read our useful guide on the top 10 things to consider before you buy a new build home.