Hi, this is part two of ‘Buying a new Build House’. Have you read the first one yet?
Lets get right into it…
7. Remember you’re not buying the show home you saw and you may not even be buying the same architecture of house. Try to get a tour of the actual type of property you plan on buying, which may involve going to another site.
8. Negotiate! The builder is unlikely to reduce the price of the house itself, but flooring, landscaping, fencing, curtains etc are all up for grabs.
9. At the end of the developer’s financial year targets have to be met and corners could feasibly be cut to help meet them. It’s been heard of for buyers to be moved into an incomplete property with significant remedial work required. It’s also been known of for developers to offer incentives to help meet their targets, especially if they have unsold homes which are build-complete or nearing completion.
10. Instruct a conveyancing solicitor with a track record of negotiating retentions and delaying completion due to defects and snags, using the cheapest company you can find on the Internet will be a false economy. The developer may recommend a solicitor to ‘speed things up’, but there may be a hidden agenda.
11. If you need to be in your new property by a particular date ask your solicitor about getting the completion date written into the contract.
12. It might be worth getting your house professionally inspected by an independent snagging company that does not work for housing developers. Ideally, this should be done before legal completion, so that the developer will have time to address the defects and snags identified before you move in. If you cannot afford this and you plan to do it yourself use the Snagging Checklists available from Snagging.org for £14.99.
13. If you have an NHBC warranty re-inspect your house every six-months during the first two years and notify your developer in writing of any faults you discover. The developer is obliged to fix them, if they don’t the NHBC will. However, faults caused by normal shrinkage and drying out are not currently covered by this warranty.
14. Don’t skimp on your insurance. Get a home and contents policy which includes legal protection which will be useful if you need to take the developer to court.
So there you have it – Fourteen ways to ensure you get the best deal when buying a new build house. If you are interested in buying new build houses then start your search at New Homes UK. Before you do that though, what are you going to do about your present home, leave your name and number on the form and we can help you sell your house fast.