Guide to New Build Homes

About this guide

Buying a house is exciting, but can seem daunting. If you’re buying a new build home, then the process will differ slightly to the traditional way. Working with property experts, Compare My Move share insightful advice on everything you need to know about buying a new build home. We work hard to bring you the latest news on new build homes, from buying an off-plan property to snagging lists, we’ve got you covered.

We begin with a detailed guide to buying a new-build home, featuring an in-depth look at the process of buying new, the schemes available and mortgages for new build homes. Buying a new build differs to an older property, so it’s important you’re fully aware of the process. 

Before making any decisions, you must first figure out if you want to buy a new-build home, or if an older property suited for you. Our article on shall I buy a new build or old house will weigh up both options including the advantages and disadvantages of both new and old homes. 

When you’re buying a new build home, you can sometimes purchase one before the developer has completed the property, often with a discount. We look at what does buying an off-plan property mean so you’re fully aware of each option available to you. 

With any property purchase, you’ll need a property survey, but as you are buying a newly built home, there shouldn’t be any structural issues. A snagging list will be the equivalent of a property survey for a new-build and will feature a list of all the issues or 'snags' with a new build property. Throughout this guide we will look at what is a snagging list, from what the report looks like to when you need one. 

By having all the important information in one place, with a focus on buying a new build, new builds or older properties, buying an off-plan property and what is a snagging list, you will be fully prepared. After reading through the complete guide, we hope you’ll feel confident about what to expect when buying a new-build house.

  • 1. A guide to buying a new-build

    Buying a new build property can be appealing to prospective buyers due to the lack of a property chain and the option of personalising it as it’s being built. However, there are still issues that come with new build homes and so it’s important to ask the appropriate questions and do your research before committing to the sale. 

    Compare My Move work with a range of property and removal experts to create helpful and accurate articles to help you through the moving process. In this guide, we’ll explain the process of buying a new-build house and list the various advantages and disadvantages that must be factored in before starting the transaction.

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  • 2. Shall I buy a new build or old house?

    There are pros and cons for both new build homes and old house so Compare My Move's experts have compiled a list of some of the advantages and disadvantages of both to help you decide exactly what you want. From the importance of hiring a chartered surveyor to issues you need to look out for in both kinds of property, we hope this guide will help make the choice easier for you when considering these.

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  • 3. What does buying an off-plan property mean?

    Buying off-plan is when you purchase a new-build property before the developer has even finished building it - and with some properties it’s possible to buy at a discount before construction work has even started. Buying a property off-plan comes with a variety of risks, but it can mean a smaller deposit and an opportunity to provide some personal input whilst your home is being built.

    Compare My Move work with the most professional property experts out there to help keep our users informed throughout the buying process. This guide will discuss the process of buying an off-plan property and how it will affect your chances of getting a mortgage.

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  • 4. What is a new build warranty?

    A new build or new home warranty is essentially a 10-year insurance policy for newly built or converted properties. Even though they protect buyers of new build homes from structural defects, they are actually taken out by the builder or developer. During the first 2 years of the buyer living within the property, the warranty ensures that the developer is responsible for remedying any and all defects found. 

    When buying a new build home, you will want reassurance that the developer will remedy any problems you find - this is the role of the new build warranty. Before completing the sale, you will require this new build guarantee and ensure added peace of mind. 

    Here at Compare My Move, we work alongside a number of property and finance experts to create helpful, easy-to-read guides that will aid you through the moving process. In this article, we will explain what a new build warranty covers, why it’s needed and who the main providers are in the UK. 

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  • 5. What is a snagging list?

    A Snagging List is a survey conducted for new build houses to identify any flaws or mistakes in the construction prior to the new homeowner moving in.

    Although a new home won’t have the wear and tear expected with home which have had previous owners, the fast-build nature of new homes can mean there’s a chance of mistakes or unfinished areas in the property. The snagging list will ensure both the buyer and the housing developer are aware of these issues so they can be addressed before the buyer completes moves in. 

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