Buying a new build as a family home, an investment property or buy to let can be a great idea. You'll enjoy low property maintenance (for several years at least), lower running costs and energy bills - benefits you can pass onto tenants if you decide to let the property.
Without the required attention to detail or advice from experienced agents, there can be downsides to purchasing new build homes, especially off plan properties. Dealing with an inexperienced developer could result in you buying a poorly constructed home - a far cry from the specifications and amenities originally promised.
Exploring your property developer's past record for quality and on-time delivery, visiting the site frequently and checking the finer details of the plans go a long way in avoiding pitfalls.
One way to avoid a delivery delay is to enter into a "completion date" agreement with the builder; we would also recommend you read the small print in your after-sales contract as well as white goods guarantees.
Our team of experts at Strawberry Star can assist with building quality new homes to your precise specifications so, if property development of new build flats is on your agenda, drop by our local offices. London has plenty of well built, beautifully finished new builds for sale; if you'd like to view our developments, let us know.
If you’re buying off plan, don’t rely solely on the developer’s promotional material and a visit to the show home. These are not the same as a proper specification and mean that you are dependent on trust to get what you want.