Questions to ask when buying a new build house
Buying a new build is all about finding a home that’s right for you. So it’s always a good idea to conduct some research before you buy. To make your journey as smooth as possible, consider these questions when buying your new build house in London.
What happens in the first few steps of the buying process?
Once you’ve found the right place for you, we recommend researching mortgage options as soon as possible. Then it’s time to contact a solicitor and officially reserve your home. This is similar to ‘making an offer’ and means that no one else can reserve the house, so you can begin next steps. After reserving your house, the next thing to do is to arrange your mortgage. There are lots of options to choose from, so finding the right one for you should be straightforward. Speak to your mortgage advisor for more details.
What guarantees do I have with a new build home?
Guarantees vary between providers. But with Barratt London, our new build homes come with a 10-year NHBC Buildmark Warranty which covers you for various defects within your home. You can also rest assured knowing that it includes a 2-year fixtures and fittings warranty.
Is there a chain?
That depends on your situation. If you’re a first-time buyer, you won’t have an existing home to sell yourself which speeds up the home-buying process. And when you buy a new build home with Barratt London, there’ll never be an onwards chain. If you’re an existing homeowner, why not see if any of our Part Exchange schemes might be right for you? It may be a great way to speed up your move.
How much does it cost to run?
Finding out how much your new home will cost to run is very important. This should cover things like council tax and energy costs. Barratt London homes are built with high energy efficiency specifications – like double glazed windows and properly insulated walls, meaning that your energy bills could be cheaper.
Research from the Home Builders Federation found that around eight out of 10 new build properties have the top A or B energy performance certificate rating, compared with just 2.2 per cent of existing properties. Which is a contributing factor as to why energy and heating bills are often cheaper for those who own a new build compare to an older home.
What are the developments like?
Each development will vary due to their location, so it’s a good idea to view them all carefully and take note of the local amenities. Barratt London developments are built to focus on communities, so they play a big part in the local neighbourhoods.
Who will be looking after my new build journey?
This will vary between providers. But when you buy with Barratt London, as well as your solicitor, one of our customer experience managers will make sure that you’re kept informed at every stage. They will explain options to you and try to help make your move as stress free as possible.
Interested in buying a new-build property in London? Discover a Barratt London development in an area you love.