Three quarters of home seekers would consider a new build home, a new survey for the Home Builders Federation shows. The energy efficiency of new homes, not having to carry out DIY or spend thousands on renovations were cited as the most attractive features for buyers alongside the opportunity to unleash their inner interior designer onto untouched, neutral interiors.
The research was carried out to mark New Homes Week which runs from Monday May 13th to Friday May 17th.
While energy efficiency was named as the number one benefit of buying new, with 38 per cent of respondents stating that would be a key reason to plump for a new build home, being free from DIY chores (35 per cent) and acquiring a complete blank canvas were earmarked as being almost equally important (34 per cent). The research also highlighted the aspirations of non-home owners, with two in three admitting that they would love to own their own home. This figure rose to 78 per cent among 18-24-year-olds and 83 per cent among 25-34-year-olds.
With the average-spend on home improvements coming in at £13,472, it’s no wonder that new build homes are so appealing. This includes decorating, which easily accounts for the highest expenditure among home owners with 68 per cent feeling the need to brighten things up, closely followed by costly kitchen and bathroom renovations (43 per cent).
Keen to highlight the pure delight that buyers can experience as they transform their new place into a beautiful home, without the burden and challenges of taking on renovations, interior designer Sophie Robinson comments: “With no need to dedicate time or money on dreaded DIY tasks, buyers are free to enjoy exploring their style. Moving into a new home is a fantastic opportunity to discover your personal taste, refresh your style and relish the freshly decorated space and beautiful new fixtures and fittings.”
Stewart Baseley, executive chairman of the Home Builders Federation said; “New Homes offer huge benefits for buyers, something consumers are increasingly becoming aware of. New homes are energy efficient, saving buyers hundreds a year in running costs and there is no need to spend thousands upgrading a home with brand new fixtures and fittings throughout. If practical reassurances are what you are seeking, then buying new is a great way to assure peace of mind.”
The list of guarantees with a new build property is vast with all new homes benefiting from a 10-year warranty. With modern heating systems and construction, nothing can compete with their energy efficiency. Compared to the uncertainty that comes with buying an older home, the ease of buying a new build and the availability of Help to Buy is also incredibly appealing. Additionally, new homes are designed for modern living, which means no wasted space.