May 17, 2023

News

5 Benefits Of Investing In New Build Property

Investing in new builds / off-plan property is one strategy of property investing. Investing in a new build could be deemed as less hassle, so if you are wanting to be a hand-off investor it may be the option for you. Some benefits to investing in a new build include…

Higher EPC Rating

With government goal posts for EPC ratings increasing, the energy efficiency of an investment is something to be seriously considering when investing in property if you don’t want to be shelling out money for improvement bills later down the line. New builds are often equipped with the latest energy-saving building materials and smart technology, making them up to four times more energy-efficient than older properties.

10-year structural warranty

Most new builds come with a warranty for 10 years which covers any repairs related to the fabric of the property. This means, for example, if your electrics become faulty or the plaster starts to crack on the walls or your heating stops working, these can all be covered by the warranty.

Repairs unlikely

As the building is brand new, the likeliness of any repairs needing to be done is low. This provides peace of mind that there won’t be any surprising repair bills, eating into your bottom line. As mentioned above, many of your fixtures, fittings, and structural components are likely to be covered by warranties or guarantees.

No chain

Purchasing a new-build home means you’ll be “chain-free,” so you won’t have to wait for a seller to find a new home to move into before you can move in. If you find a new-build property that’s ready for immediate occupancy, the sales process can be quick, allowing you to start renting out the property & making money without delay.

Incentives and offers

Developers of new-build properties may offer incentives and deals to entice buyers, such as stamp duty exemptions, free furniture packs or contributions to legal costs. These benefits can help make the process of buying a new investment more affordable and accessible.

As you can see from the above, there are multiple benefits to investing in a new build / off-plan property. This strategy definitely lends itself to a property investor who is time-poor but cash-rich & wants as much of a ‘hands-off’ investment as possible.

Click here to take a look at the developments we currently have to offer that are off-plan.

More news/insights

News

July 20, 2023

  • News

Halifax Area Spotlight

Property investment is a popular choice for many people, and Halifax has become an attractive area to invest in. Here’s why… Halifax is a beautiful town located in the Metropolitan Borough of Calderdale. With its close proximity to major cities such as Leeds and Bradford, it offers easy access to the amenities of city life […]

News

July 11, 2023

Mortgage Rate Update – July 2023

Lenders change the rates of their mortgage products regularly. However, in the last few months, they have changed drastically due to the Base Rate increases. On 22 June, the Base Rate increased to 5% from 4.5% in March. Rightmove has a useful tool whereby you can access weekly updates on the current mortgage interest rates. Below […]

News

July 4, 2023

UK Residential Market Survey Breakdown – May 2023

RICS recently released their May 2023 UK Residential Market Survey & there are some interesting correlations. The first graph on the left (below text) shows the number of new landlord instructions. Since mid-2016, generally speaking, new landlord instructions have been falling. It’s no surprise as since 2015, and the UK government have been making it […]