When buying a new property, there are many advantages to choosing a brand-new build. These include improved energy efficiency, construction using the latest techniques, a new build warranty and minimal maintenance requirements. However, there are some disadvantages to new buildings that you should be aware of, such as increased costs and a lack of character.

Firstly, it's important to check whether there are any additional fees associated with your purchase. This includes any service charges, porterage and lifts which are common in new-build flats, according to property expert Roarie Scarisbrick, who advises that "buyers need to be aware that these are often not included in the overall price advertised by the developer".

Another potential issue is that you will likely have to wait a while for your new home to be finished. This is because the builder will need to complete site preparation, run city services like sewerage and electricity, as well as constructing the physical building itself. This can add months to the overall building process.

Then there is the fact that new-build homes can often be more expensive than older properties, which can lead to a premium for a new home, says property expert Spencer Brown in the Daily Express. https://yuxyu123.biz/ is because builders will be paying for the materials and labour involved in the construction of the property, which they may have to pass on to buyers.

Finally, it's important to make sure that you check the length of the lease on any new-build flats you're thinking about purchasing. This is because most new-builds are sold on long leases, with the majority being 99 years or more, according to the Home Owners Alliance. This is because the government is encouraging developers to provide longer-term leases in order to boost the number of affordable homes on the market.

One of the most significant advantages of a new-build is that it will be in excellent condition. This is because it will be less likely to need major repairs such as a leaking roof or an outdated plumbing system. The reason that this is more likely with a new-build is because the builders will have to adhere to strict building regulations, meaning that the materials used are of high quality.

New homes will also have the latest features and technology installed, such as smart home systems and energy-efficient appliances. This can help to reduce utility bills and also benefit the environment. However, it's worth remembering that these upgrades will not increase resale value and should be carefully considered if you're thinking about selling your new home at a later date. In addition, it's always a good idea to shop around for mortgages and compare the options available from different lenders rather than just sticking with your builder's preferred lender.