Is A New Build Home A Good Investment?


Is Investing in a New Build Property a Wise Choice?

As fully qualified builders based in London and the surrounding areas New Build Contractors have honed their skills over years transforming clients aspirations of owning their dream homes into reality. With our expertise, training and knowledge we can assist you in finding and creating the property that aligns with your needs, financial considerations and aesthetic preferences.

Leveraging our specialized knowledge we have curated this guide to help you navigate the possibilities of investing in a newly constructed property. By the end of this guide you will have an understanding of whether a new build property's the right decision, for you.

Throughout this article we will address some questions;

What exactly is considered a build home?

What can you expect to find included in a new build home?

How much does it typically cost to purchase a new build home?

How long does it take to construct a new home?

Is it possible to extend or expand upon a build home?

Are there any advantages, to buying a constructed property?

Defining A New Build Home

In simple terms a new build home refers to properties that have been recently constructed but are yet to be occupied by residents.The planning and design of constructed homes can be tailored to the clients preferences from the beginning. They can be purchased at any stage during or, after construction. New builds are often seen as a hassle investment choice for investors due to their pristine condition and minimal maintenance requirements, in the early years.

What Does a New Build Home Include?

When investing in a build home you can expect the following amenities and features;

Walls that are plastered and painted

installations that comply with EICR standards

Plumbing and drainage systems

Flooring and tiling

Fitted furniture

It's worth noting that new builds may have minor issues referred to as 'snags,' which could involve damaged or incomplete work. Keeping a snagging list to document these issues will help resolve them. We highly recommend hiring tradespeople for your build construction to avoid encountering such complications.How much does a build home cost? According to Checkatrade, the price of a build home can vary based on the number of bedrooms;

Three bedroom homes range from £130,000 to £300,000.

Four bedroom homes range from £200,000 to £500,000.

Five bedroom homes are priced between £280,000 and £600,000.

Constructed properties often come with a price tag due, to their excellent condition and low maintenance requirements compared to pre owned homes. However it's important to note that this premium may not be fully recouped upon resale. Therefore it is advisable to consider a build home as a long term investment.

How long does it take to build a home?

The duration of construction depends on factors such, as the size of the house complexity of its design the construction team involved and any unforeseen challenges that arise during the process.

Is it possible to extend a build home?

Extending a constructed property can enhance its value and appeal. Nonetheless keep in mind that the original contractors may have already maximized the propertys size and incorporated features. As a result immediate extensions or renovations might be limited in scope.Determining whether purchasing a constructed home is a wise investment depends on factors. However based on the information provided opting for a build can be a choice if;

The cost of builds is lower compared to properties, in your locality.

You plan on making the new build a long term investment.

The design and features of the build are likely to attract buyers or renters.

Trustworthy professionals are involved in constructing your new build.

You desire an investment property that requires hassle.

This guide presents an overview of the risks, benefits and potential rewards associated with investing in both constructed homes and existing properties. It aims to help you make a decision.

Whether you decide on a constructed property or a renovation project in England, our team at New Build Contractors is here to provide assistance. We offer services that prioritize your goals considering aspects as well, as aesthetics and practicality.