Three quarters of homebuyers would consider new build
The superior energy efficiency of new homes, not having to carry out DIY and working with a blank canvas all cited as benefits of new build properties, new survey carried out by the Home Builders Federation finds.
Three quarters of home seekers would consider a new build home, according to a new survey carried out by the Home Builders Federation.
Topping the list of benefits of new build is the energy efficiency of new homes, not having to carry out DIY or spend thousands on renovations as well as the opportunity to unleash their inner interior designer onto untouched, neutral interiors.
While energy efficiency was named as the number one benefit of buying new, with 38% of respondents stating that would be a key reason to plump for a new build home, being free from DIY chores (35%) and acquiring a complete blank canvas were earmarked as being almost equally important (34%).
The research also highlighted the aspirations of non-home owners, with two in three admitting that they would love to own their own home. This figure rose to 78% amongst 18-24-year-olds and 83% amongst 25-34-year-olds.
With the average spend on home improvements coming in at £13,472, it’s no wonder that new build homes can be so appealing. This includes decorating, which easily accounts for the highest expenditure among home owners with 68% feeling the need to brighten things up, closely followed by costly kitchen and bathroom renovations (43%).
Stewart Baseley, Executive Chairman of the Home Builders Federation said: “New homes offer huge benefits for buyers, something consumers are increasingly becoming aware of. New homes are energy efficient, saving buyers hundreds a year in running costs and there is no need to spend thousands upgrading a home with brand new fixtures and fittings throughout. If practical reassurances are what you are seeking, then buying new is a great way to assure peace of mind.”