Reasons not to buy a new build house or flat
- They’re like new cars – lose money as soon as someone lives in it!
- They’re often overpriced compared to older property
- If you buy off-plan you might be surprised in a bad way when you get your
keys if they haven’t fitted the kitchen you expected - They can be smaller than they look – some sneaky developers use 3/4 size
furniture to make them look bigger. - The layout can change if you buy off-plan. We’ve heard of horrid cases where
people found great structural pillars in the middle of their open plan lounge. - You’d not buy anything else without seeing it first – so why do people expect
buying off-plan to go well? - You have to do the snagging
- You might be living on a building site
- The house might never get built if the builder can ‘t sell enough houses
on the estate - Roads are often unfiinished some time
- They often have very little space between the houses
- They may be mixed in with social housing – affordable housing is often a
condition of building a new estate – this can devalue your home. - Large parts of estates have been sold off for social housing when they have
failed to sell as inflated prices. - The gardens seem to lack top soil and have more rubble than soil!