Is buying a new home easier than buying a resale property?
When you’re looking for a home, you may be weighing up the benefits of a new build against those of a resale property. A new build is bought directly from the housebuilder, while a resale home has been lived in before and is being sold by its current owner.
The legal steps are similar, but the experience can differ. Here are a few ways buying new could make your move feel more straightforward.
Could buying new help avoid chain delays?
When you buy a resale home, the seller may also be buying somewhere else. Their move could depend on another purchase, creating a chain. If you’re a first time buyer, you won’t have a home to sell, but the seller could still be part of one.
With a new build, you buy directly from the housebuilder. Your purchase does not rely on a previous owner finding their next home, which can mean fewer people in the chain and fewer chain related delays. If you’re selling your current home, your own sale may still involve a chain, so buying new cannot guarantee a quicker move.
A fresh start, with choices along the way
With a resale property, you can view the home and see its current layout and features. With a new build, you’ll have clear details about the specification and layout, and you may be able to choose selected extras to suit your preferences. The choices available depend on the home and how far along it is in the build.
A new home also gives you a blank canvas. You can settle in without taking on a previous owner’s renovation plans or needing to modernise older features straight away. Every home needs care over time, but you may be able to avoid budgeting for immediate improvement work.
Guidance at every stage of your purchase
Buying a home involves several steps, from arranging a mortgage to completing the legal work. Your Hopkins Homes sales executive can guide you through the process, explain what happens next and recommend a mortgage broker and a solicitor or conveyancer. These independent professionals can help you understand your finances and manage the legal work. You’re free to choose who you work with.
Your sales executive can also talk you through your chosen home and let you know whether any extras are available at its current build stage.
Support when you’re selling your current home
If you’re selling a home as part of your move, our Smooth Move and Part Exchange schemes could help make the process easier to manage.
With Smooth Move, we can support the sale of your current home through a local estate agent and cover the estate agent fees. With Part Exchange, Hopkins Homes could buy your existing home as part of your move.
Both schemes are available on selected homes and developments, and terms apply. Speak to your sales executive to find out whether either option may be available for the home you’re interested in.
The reassurance of a new home
Hopkins Homes are designed with energy efficiency in mind, which could help with your home’s running costs. Your new home also comes with a 10 year warranty, offering reassurance after you move in.
Buying new does not guarantee a faster completion. Timescales depend on your circumstances and the home’s build stage. But buying directly from the housebuilder can mean your purchase is not dependent on a resale seller’s onward move. Alongside the choices available and the reassurance of a new home, this could make your next move feel more manageable.
Explore our new homes and speak to your local sales team to find out more.