The number of new build homes being built in the UK is increasing rapidly as the demand for property is sky-high.
With developments sprouting up throughout towns and villages many people have been tempted by the show homes on site.
However, whilst the blank canvas of a modern new build can be attractive, are they better than the charm and reliability of old houses?
New builds
Pros of new builds
With a new build property, you have a completely blank canvas.
Moving into a home that nobody else has lived in can be appealing to some who want to put their own stamp on things. Everything will be new and modern. There are other benefits too…
- There is no moving chain, so the process is hassle-free
- Most new build properties come with a warranty, meaning the developer has to fix any issues
- You can complete a snagging list, which allows you to point out faults or poor workmanship that the developer will then rectify in the home
- A completely blank canvas to personalise and decorate
Cons of new builds
Buying a new build home is becoming increasingly popular. They are particularly appealing to first time buyers who can utilise the government’s Help to Buy scheme. Despite the perks of new build properties, they do have some cons…
- Delays are common, as waiting for a new home to be built is the norm and this can affect the completion date
- Walls can be thin and noisy neighbours cannot be blocked out easily
- New builds are often more expensive compared to older build properties
- They typically offer smaller rooms and gardens than older homes
- New builds lack character and look very similar
Old houses
Pros of old houses
Older houses have that lived-in feel. They are reliable, sturdy and have stood the test of time.
Period houses are particularly sought-after and many property buyers set their sites on Victorian or Georgian houses due to their high ceilings, large rooms, and spacious gardens.
With more space to play with back in the day, architects were happy to give people much more space for their money compared to today!
Other advantages of older properties include:
- Older properties tend to have off-street parking or long driveways
- Thicker walls made with traditional bricks
- Bigger and more spacious rooms.
Cons of of old houses
There are some downsides to investing in an older property.
- Expensive maintenance costs due to outdated fixtures and fittings
- You may need to spend money on renovating or decorating
- General wear and tear from being lived in
- Old heating systems and the need for new insulation can make them cooler
- They may not be energy efficient.
