Would you buy a second-hand new build?

matilda_rosee

I know there is heaps of horror stories for buying a new build as it comes with a premium so when you sell it may easily make a loss; however we have found a 5/6 year old new build that we rather like and would be keen to purchase but wondering if anyone has any advice?

It obviously still has some warrantee left etc. But would the whole resale thing still be an issue?

And I am a first time buyer so no experience so please be gentle!

Kidder81

Like any house any potential resale issues are affected by many different things.

I bought a new build second hand. Built in 2007, original owner paid £160k. I bought for £140k in 2012 and sold for £160k in 2015.

If the house, area and price were right, I'd certainly do it again.

Pixie5740

If it was a house that ticked most/all the boxes and was within budget I'd make an offer same as if it were any other type of house.

G_M

Would you buy a new car?

Some people prefer to buy new, others prefer a 3/6 month old car bought at considerable discount.

humidex7

I sold my new build after 2 years.

I can't see why you wouldn't want to buy it - I rectified any issues under the warranty, I assume you'd do the same. By the time the warranty is over I think any issues would have already been addressed.

Mr_Costcutter

Yes, if the price and location of the property was right - subject to survey of course

hounsehunterftb

We bought a new build recently which is just 5 year old. And we paid a fair price for it too.

I wouldn't worry about it if its going to be your home rather than an investment

lincroft1710

I bought a new build, sold it 2 years later to buy larger house which was the last one built on the same estate.

getmore4less

pros

still quite new
run in(hopefully they fixed the snags)
garden probably more than a pile of rubble or just lawn.
decorated (also a con if you don't like it)
not living on building site for weeks/months

MOST IMPORTANT
you know what your first set of neighbours will be like.
How many cars they have.
what the parking is like in the street
how much traffic/noise.
the size of the service charges(Not just estimates)
better chance of a proper freehold
etc.

ReadingTim

A house is a home to live in, not an investment to live off.

If you like it, can afford to buy it at the price which the seller is willing to sell it at, and can pay off the mortgage on it, then go for it. Deal only with the questions of today, as no-one can predict what will happen in the future.

AdrianC

Wasn't every "second-hand" house a newbuild once...?