Buying A New Home: What Was Included?

Like a lot of people when we went to view the show homes for new build properties we fell instantly in love!

We liked the homes that were on offer to us – the layout, design and space, plus we especially favoured the idea of modern family living within a new build designed house.
 
Once my Husband and I had decided which exact development we preferred the most (due to several reasons such as location, schools etc) we set about selecting a specific plot. 

The decision on plot was mostly made in conjunction with the house type – for developers usually have several house type options to select from. We also considered other aspects too for the plot such as garden, plot size, availability, date of completion etc.
 
Once we finally selected on the exact plot we liked the most this was the first point for us that money was exchanged. We paid an initial deposit to the developer of a few hundred pounds to secure the plot. The selling of our home was going through and was due to be completed within a few months.
 
Part exchange is when the developer purchases your home from you. Usually if your existing property is worth around 70% of the price of the new home you could be able to part exchange it (although this figure can differ from developer to developer).
 
We didn’t go through the part exchange option as we already had a buyer for our home who wasn’t in a chain, but it can be a very good option for a lot of people. It can avoid the stress, costs and delays of selling through the open market.
 

TIP!


If you haven’t yet sold your own home then new build developments often run a scheme where they assist you to sell. Do ask them for more details.
 
As well as the deposit and the house price - other costs for us included carpets throughout, wooden flooring, turf for the garden and fitted wardrobes. This all added up to a few thousand pounds. It was all done to a very high standard by the developer and was ready for when we moved in – which we felt was important as we have two young children.
 
We didn’t pay anything extra for all of the other upgraded fittings such as high specification kitchen worktops or tiles as these were already included in the price for our home, but you may have to consider this if you are looking to buy a new build home.
 
You can also usually pay to upgrade other fittings and fixtures such as internal doors, light fittings etc in order to get a higher specification. Although this is optional.
 
Do ask your developer what is included in the price of your new home.
 
We were really happy with the process of buying our new home and everything was explained fully by the developer throughout our experience.
 

Remember!


Aside from the above - you also need to factor in a wide variety of costs including stamp duty, solicitor’s fees, and removal services. 
 

Publish date: 07/03/2016