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Why are people buying new builds.

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  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Zero_Sum wrote: »
    As i like to keep the house clean & tidy, i have no desire to keep things like tools, tins of paint, spare bits of wood in the house. So no it wouldnt be better at all. Those houses just arent practical
    TiberUK wrote: »
    If something absolutely blew us away we would have considered an existing home but after literally our first day of viewing properties we became 100% set on a new build for our first home.

    Whilst not wealthy and very much buying on a limited budget, we did not want a fixer upper, it's just not who we are. If something breaks we call a repairman. We can buy a new build and unless we get very unlucky then we will not have to significantly invest in the house for years.
    But then what?
    You sell and buy another new-build rather than redecorate...?
    Also, we absolutely loved getting to choose our own kitchen, our own floor tiles, carpets, wooden floors and bathroom tiles. We get to move into a house tailored to our exact tastes from day one -that is a huge factor for us

    One of the things I dislike about new builds is the lack of storage cupboards.
    <scratches head> But I thought it was tailored to your exact tastes?

    Anyway, it's really not hard to add cupboards... Quick trip to the Swedish Embassy for all the framework and doors needed... All you need is a bit of basic DIY ability to fit them...
    https://www.ikea.com/gb/en/cat/pax-fitted-wardrobes-29879/

    No, wait, don't tell me. You're not keen on flimsy identikit things made out of cheap materials...?
  • edgex
    edgex Posts: 4,212 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    pinkteapot wrote: »
    It's now the norm - at least up here. But that's happened very quickly in just a few years. Yep - we're talking freehold houses with a service charge. Apparently because councils no longer adopt green spaces so a management company is needed to arrange upkeep.

    The developer sets up a separate company - the management company. Householders pay a monthly service charge. When the developer is done at the site, the management company is typically sold to an investment company. They're popular with pension funds etc because they generate a steady income. What's bad is the number of stories of people seeing their service charge double in year 2 from the minimal amount they started off paying.

    We did speak to one smaller, local developer who does it differently. They also set up management companies but everyone who buys a house gets a share in the company. At the end of the development, the householders have a controlling stake in the management company and appoint directors (usually some of the residents).

    In any event, having had a leasehold flat some years back I refuse to go back to paying a service charge, especially when there are older houses where green spaces are paid for through my council tax.


    Bournville has an estate management charge, less than £100 per year, which pays for a lot of stuff.
  • edgex
    edgex Posts: 4,212 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    AdrianC wrote: »
    A stopped clock, an' all.

    If people didn't buy these shoddy new-builds, they'd quickly step their game up. Nobody HAS to buy one. They might WANT to. They might PREFER to buy things that aren't available. But the only way to get over the message about shoddy products of any kind is to vote with the wallet.

    Well, the, arguably better, alternative is to have good local builders who employ a majority of their own workforce doing small to medium developments.
    The problem is that those businesses can't afford to land bank, & they don't have the resources to throw at LA planning departments to force developments through.
  • lincroft1710
    lincroft1710 Posts: 19,088 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Almost 60 yrs ago in my hometown if you wanted a house at a reasonable price with a bathroom, inside toilet and off road parking, you had very little choice other than a new build. My friend's parents bought one, and it had 3 faults upon completion, so nothing new in problem new builds!
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • newbridge
    newbridge Posts: 249 Forumite
    Part of the Furniture 100 Posts Name Dropper Cashback Cashier
    checking on rightmove, I can't find any houses(4 bed detached with garage) within our budget which are not new build!
    [STRIKE]Deposit: 25000!!/15000[/STRIKE] Homeowner :j
    quidco cashbacks- 1142.81
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    At what point is a new build not a new build?
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    At what point is a new build not a new build?
    At the same point as a new car is a used car.

    Immediately the first owner signs the paperwork to buy it.
  • TiberUK
    TiberUK Posts: 57 Forumite
    AdrianC wrote: »
    But then what?
    You sell and buy another new-build rather than redecorate...?


    <scratches head> But I thought it was tailored to your exact tastes?

    Anyway, it's really not hard to add cupboards... Quick trip to the Swedish Embassy for all the framework and doors needed... All you need is a bit of basic DIY ability to fit them...
    https://www.ikea.com/gb/en/cat/pax-fitted-wardrobes-29879/

    No, wait, don't tell me. You're not keen on flimsy identikit things made out of cheap materials...?

    I am sorry that my partner and I buying a new build is upsetting for you
  • GDB2222
    GDB2222 Posts: 26,476 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    newbridge wrote: »
    checking on rightmove, I can't find any houses(4 bed detached with garage) within our budget which are not new build!

    That's weird! Round here, there are no new builds that meet our requirements (10 bedrooms and a moat). :D

    Seriously, it depends on the location what's available, but most people think there's a premium on new build property. That may not be true everywhere, but it's a generalisation, which means it's true a lot of the time.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222
    GDB2222 Posts: 26,476 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    TiberUK wrote: »
    If something absolutely blew us away we would have considered an existing home but after literally our first day of viewing properties we became 100% set on a new build for our first home.

    Whilst not wealthy and very much buying on a limited budget, we did not want a fixer upper, it's just not who we are. If something breaks we call a repairman. We can buy a new build and unless we get very unlucky then we will not have to significantly invest in the house for years. We are also protected by an NHBC warranty.

    Also, we absolutely loved getting to choose our own kitchen, our own floor tiles, carpets, wooden floors and bathroom tiles. We get to move into a house tailored to our exact tastes from day one -that is a huge factor for us

    Many will disagree and that's fine, but new build was exactly what we wanted.


    Oh and its great not to have a chain to worry about. The house we are currently in the process of completing on was built by a local firm, not a national chain

    One of the things I dislike about new builds is the lack of storage cupboards. But when you are looking at a decent sized garden, 3 respectable bedrooms and a large private drive for under 150k? I suppose there has to be some sacrifices

    One miniscule advantage of buying secondhand is that it's been lived in. One of our friends, who bought a new house, complained that "there's nothing there". For example, no toilet roll holders, no hooks, no door stops. If you're handy with DIY, it probably doesn't matter at all, but she "had to call a man in" for each newly discovered issue.
    No reliance should be placed on the above! Absolutely none, do you hear?
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