Why buying a new-build home is a good investment
With better quality features, specifications and building practices, new homes have the potential to increase in value over the long term. And with average house prices on the rise in the UK in general – from £168k in March 2013 to £285k in 2023 – investing in real estate can be a great investment in your future.
We’re going to discuss why buying a new-build home is a good investment, covering topics like:
- The planning, development, and modern building practices used
- How more energy-efficient modern builds can help reduce bills
- New focuses when it comes to planning developments, like the importance of green spaces and local wildlife
- The quality guarantees that come with new builds, giving owners peace of mind as they settle into their new homes
All in all, we hope to show you why new-build homes can be great investments, not only in your financial future, but for your quality of life too.
Lower annual energy costs
A major financial benefit of moving into a new-build property is the energy-efficient design, which can result in much lower energy costs.
Modern new-build homes are:
- 63% more energy efficient:
Barratt homes, along with other new-build homes, are built to be 63% more energy efficient than same-sized older homes. This is due to modern improvements such as highly efficient insulation and argon-filled double-glazing. That means your new home is also cheaper to run, and you could save up to £2,600 per year on your energy bills.
- Awarded A and B energy efficiency ratings
The Home Builders Federation (HBF) found that in 2017, 8 out of 10 new-build homes had the top A or B rating for energy efficiency. This is in comparison to just 2.2% of existing homes.
Chairman of the HBF, Stewart Baseley, says:
"Owners are saving hundreds of pounds a year in energy bills due to the modern design of their homes and the materials used to construct them."
When you consider how long you’ll live in your home, these savings can really add up.
An important thing to look out for is the 10-year NHBC Buildmark warranty – it tells you that the new-build home you’re buying has been inspected by a reputable institution, and it guarantees you’re covered if anything happens, for real peace of mind.
All brand-new Barratt homes come with a 10-year NHBC Warranty, and a 2-year fixtures and fittings warranty. This means that if there are any surprises, your home is covered. And because all your fittings will be brand new, you won't need to make any changes when you move in – saving you time and money.
Lower maintenance and repair costs
Buying a new-build home removes the need for extensive renovations or long-haul DIY projects. With a new build, you can enjoy modern design, as well as the latest kitchen and bathroom features.
In contrast, those who move into older homes may need to replace boilers and knock down walls to create a more modern open space.
As the owner of a brand-new Barratt home, you can rest easy knowing that every aspect has been cleverly designed to suit modern life. You’ll enjoy plenty of smart storage solutions, well-placed electrical sockets and switches, and flexible room layouts, which link seamlessly with outdoor spaces.
Focus on personalising your new home
New-build homes are great for moving straight into, without needing to spend on immediate fixes. Designed as a blank canvas, you can add your personal style to your home, without having to break the bank.
The icing on the cake? There’s no need to worry about fixing a rickety staircase, or retiling the bathroom, because it’s all brand new – so you can relax and enjoy your new home. All you need to focus on is how you want to decorate and showcase your style.
Desirable locations and friendly new-build communities
There are a lot of benefits that come with living in a new-build community. Modern developers tend to focus on creating communal green spaces, taking local wildlife into account, and keeping useful amenities nearby.
At Barratt Homes, we always keep green spaces in mind as they’re great communal areas that everyone can enjoy, and we always plan spaces with various plants, birds, and wildlife in mind.
We also prioritise easy access to useful amenities nearby, or even on site, such as cafes, shops and gyms.
All these features combine to create a better quality of life, in and outside your home.
Access to financial help
Whether you’re a first-time buyer or existing homeowner, when buying a new-build home, you can benefit from a range of schemes that could help make your move easier. That kind of support is not generally available when buying second-hand.
At Barratt Homes, we offer financial incentives, such as Deposit Unlock, which will help you buy a new home with just a 5% deposit – whether you’re a first-time buyer or an existing homeowner. There are more schemes to explore too, like Deposit Boost and Part Exchange, so it’s well worth checking our offers page.
If you’re ready to start your new-build home journey, why not check out Barratt Homes developments near you?
We have homes available in a variety of locations, from the beautiful countryside of Surrey and Hertfordshire to the bustling cities of Coventry, Leeds & Aberdeen.
We also have a brilliant guide to home buying which will help you make the best choice for you and your future.