Are New builds an ideal way onto the property ladder for a 1st time buyer?

addyboy1982

katherina wrote: »

I may be missing something here but it seems to me that your example shows that new builds are in fact more efficient. An energy efficient house will be warmer in Winter than a less energy efficient one for the same amount of heating, thereby causing the snow to melt quicker from the roof.

As an example: I consider my parents' 1970s semi to be inefficient heating wise as it is usually too cold to spend any time in the upstairs bedrooms (unless you are under a heavy duvet), even with the heating on full.

However, not knowing the extent of the heating being used in the houses you refer to on the days you describe, it is all guesswork as to which houses are more energy efficient.

I think the complete opposite to you. My warm, properly insulated house has snow on the roof a lot longer than my next-door neighbour's poorly insulated house. Snow on the roof when the heating is on indicates minimal thermal loss through the roof.

becominganobsessivesaver

I think sometimes newbuilds are able to offer factors you don't get from older houses. In my region this the option of a detatched house.. There are 312 four bed detatched houses for sale under 250k at the minute and i would say only 10% are over 15 years old. We really wanted a detatched home so had to opt for a newish build, but we bought one 6 years old which avoided the premium. In fact looking at what's available now, there are only a handful up for less than we paid, and they look much smaller.

samehat

addyboy1982 wrote: »

I think the complete opposite to you. My warm, properly insulated house has snow on the roof a lot longer than my next-door neighbour's poorly insulated house. Snow on the roof when the heating is on indicates minimal thermal loss through the roof.

Thank you for explaining this. I have learnt something new here - thank you! Apologies for my uninformed post.

Mobeer

lizzay wrote: »

Hi all,

It’s my first time posting, so I'm hoping to get some helpful advice , I just wanted to know if buying into new builds is a good idea? I am a 23yr old recent graduate, with no responsibilities (bar student loan); and have always dreamed of owning a property since I can remember; and I am currently looking at the attractive prospects of new builds.

For me the attractive thing is avoiding spending anything on updates and very little on maintenance. This is useful if you have no DIY experience.

lizzay wrote: »

My ideal plans regarding property would be to buy into a new build in London to which I would like to live in for a few years and then rent it out, I have done some reading into whether or not I could rent out a place and the answer has been yes once the loan has been paid (though I may need to double check that).

ok idea. Getting permission to rent with a to-buy mortgage is possible but not guaranteed. Other people might well have the same idea for flats in the same block, and whether being landlord to just one property is profitable is questionable.

lizzay wrote: »

Many developers are offering attractive deals to encourage first time buyers such as securing deposits, paying stamp duty etc. I am in my first job and feel that I am at the beginning of my “life” so hopefully while paying off a mortgage now may be a little difficult I can only move up career wise (God willing I don’t fall of the wagon).

Does anyone think it wise to buy a new build or just wait until I can afford to by a property in the future which seems like 10years away?

?
Either you can afford to buy now, or you cannot, so asking whether to buy now or wait until you can afford to buy seems a bit odd. You probably need to review your own finances (honestly) and decide what you can afford.

lizzay wrote: »

Any advice is welcomed as I am trying to get a wider perspective on this before applying to the bank of mum and dad