Buying a new-build: what you need to know before you commit
Buying a new-build feels like the easier option — until you realise it comes with its own set of considerations that catch many first-time buyers off guard.
Searching for and then buying a property can be quite a stressful activity, but this is tempered by the sense of excitement as you look forward to moving in and what you plan to do in making your mark on your purchase.
There is so much to think about as you prepare for that all-important completion day: whether to choose a bright colour for the sitting room, a subtle pattern of wallpaper for the main bedroom, or whether your funds can stretch to a new kitchen or bathroom straight away.
Don’t skip the snagging survey
But what happens when you buy a new-build?
Your expectation is that the property will be near perfect. You might think it’s not worth getting a survey done because anything that’s wrong will probably be very minor. The truth is that there will likely be several items that need resolving even in a brand new home.
This is where a snagging survey comes in. Think of it like driving a new car off the forecourt — you wouldn’t accept scratches on the paintwork or a radio that cuts out. The same principle applies to your new home.
You could walk around the property yourself and note the obvious things: minor cracks in the plaster, incomplete plumbing, a socket that doesn’t work. But an experienced professional will bring a level of knowledge and thoroughness that gives you a far stronger position when presenting the list to the developer for fixes before you take ownership.
New-builds need specialist conveyancing
Appointing a solicitor is a clear necessity when buying any home, but new-builds fall under a different legal process and require a conveyancer who knows what to look for. That doesn’t mean you have to pay over the odds for it.
Best Value Conveyancing offers a full legal service at a competitive fixed price, with standard disbursements made clear upfront. We will assign you to one of our solicitors to look after the legal aspects of your move and keep things moving as efficiently as possible.
All our quotes come with a no completion, no fee guarantee — so if your purchase falls through, even if you are gazumped, you won’t be left out of pocket.
Call us on 0800 0387 007 to get started, or use our online quote tool for an instant fixed-price quote.
