New Build vs Existing Homes: What's Best for UK Buyers?
To a First Time Buyer, both new builds and existing homes have advantages and disadvantages - you just have to decide what you want.
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To a First Time Buyer, both new builds and existing homes have advantages and disadvantages - you just have to decide what you want.
In some cases, new build properties can lose value when they are no longer brand new. This can be due to multiple factors, such as the general rise and fall of the housing market, the location, and because they are no longer untouched out of the showroom.
However, many new builds do not lose value, and it will depend on the general property market, which is also true for existing homes.
There may be small issues that might be found with a new build. These can be identified with a snagging survey. If issues are found, remember that new builds will have a warranty, and the developers must fix any issues found within the first two years
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