Buying new build 

Sara Ransom of Stacks Property Search says, “Buying new build property can have many benefits other than the obvious- such as everything being brand new and ‘un-touched’ but more often than not will mean that you have the latest technology, not having to worry about refurbishing expensive structural items such as roofs and windows as you may with a period property. With the larger developments there are often shops, bars, children crèches and even doctors’ surgeries built into the amenities. These days developers realise that just building blocks with as many flats as possible is not often the best way and so with developments now there tends to be more thought as to putting windows into bathrooms and kitchens, having larger reception rooms often with some form of outside space- roof terrace, balcony, or even a small garden. 

“Make sure you buy in a key prime development and that the developer is well established and has a good reputation. The aim must be long term investment, not short or medium term.  

 

“Developers sometimes sell of their compromised phases first – maybe the ones near a road, or with a less attractive outlook. But, the first and last properties on a development are the ones the developer is most anxious to sell and are where the best deals are often to be found. If you’re cunning you can get a good deal at the end of a phase, but check it compares well to the others in the phase. 

 

“Buying at the early stages of a development may mean that you find yourself living in a building site for many years, and the constant completion of building phases will make it very difficult to sell should you wish to.  

 

“In a weak market people prefer to play it safe and opt for traditional styles – avoid cutting edge architectural statements as property can date incredibly quickly. 

 

“Check the price per square foot and compare it with the resale market so you understand the extent of any premium you’re paying. New homes can be incredibly small, but it’s easy for the eye to be deceived when you’re looking at plans, or a show house, either because there’s no furniture at all, or because furniture is minimal and specially designed and arranged to make the rooms look bigger. 

 

“Help yourself visualise the space by comparing rooms sizes to space you can understand and see. You might want to draw your own plan of individual rooms and position cut-outs of furniture to see how the space will work. 

 

“Builders and developers have been through a tough period and their margins are tight; there’s a possibility that they may have cut corners and quality. Make sure there is a snagging arrangement in the contract – many developers are trying to avoid this, but it’s often the case that you need to live with a new house for a while before problems materialize” 

 

“The best time to buy new build is either right at the beginning of the planning- i.e. as soon as they are released and before a spade has been put in the ground, or sometimes as they are looking to sell off the last few you can get a bit of a good deal as the developer wants to move on to the next site. Be careful with the latter scenario as sometimes the remaining units can have a flaw or drawback; don’t get carried away unless the discount really does pay dividends.  

“Buying off plan has its risks, but if you’re looking at substantial discounts it can still pay dividends. Factor in normal rules of supply and demand, drive a really hard bargain, and don’t be bewitched by seductive marketing material.” 

 

Stacks Property Search & Acquisition, 01594 842880 / www.stacks.co.uk 

  • Ends – 
    • For more information, jpgs and interviews, contact Amanda MacCaw, 01386 700068 / 07977 238175 / amanda@wildmaccaw.co.uk

Start your property search today

Call us on +44 (0) 1594 842880 or complete the form below

    Your Details



    Your property requirements:

    Status:
    SoldThinking of movingOn the marketExchangingIn rented accommodationCash buyerIn need of helpOther


    We will never share your details with a third party. For more information about how we handle your data, please see our Privacy Policy

    How we can help you
    View our services

    When making probably the most important financial decision of your life, it pays to have the right advisors at your side.

    “You showed fantastic attention to detail, anticipated all eventualities, and provided timely and practical help and guidance every step of the way.  Above all, you supported me in making my own considered decisions, and I am so grateful to you for all your help in getting me to where I am now!”

    “We firmly believe that without Rachel and her skilled negotiation we would not have secured the property.”

    “We felt they genuinely wanted to help.”

    “Stacks’ performance on this assignment has been absolutely outstanding and more than met my expectations. Her understanding of the brief and the ‘after-find’ service set a standard of professionalism that I have not met before.”

    “It is not often that one is pleased to part with money but I can truthfully say that I am on this occasion. You have earned every penny of this cheque and what is more, you have done it with great courtesy and good humour. It has been very pleasant working with you. You really did take most of the stress out of our house hunting.”

    “Encouraging me to think creatively about what could work for me.”

    “Finding a plot not yet on the market and persuading the developer to enter into an exclusive contract with me to build to my specification.

    “I was impressed by the efficient, kind and courteous service provided by Stacks”

    “Stacks were a tremendous help and we would never have found our home without them. She is a lovely person with a great sense of humour which was essential during some of our tricky negotiations

    “You gave a much-valued ‘younger’ perspective on our situation, which was a real asset”

    “We found the service extremely helpful and professional at all times”

    “I have been delighted with the service I have received from Stacks and will not hesitate to recommend Stacks in the future.”

     
    Subscribe to our newsletter

    Receive updates about the world of property, straight to your inbox.

    * indicates required