Q: Why should I choose a new build over a second-hand property as a first-time buyer?
A: New builds offer several advantages particularly beneficial for first-time buyers in today's market. You'll receive a 10-year NHBC warranty providing peace of mind, and all fixtures and fittings are brand new, meaning no immediate repair costs. Our new builds across Hertfordshire come with modern sustainability features including solar panels, EV charging points, and air source heat pumps, which reduce your ongoing energy costs significantly - especially important with current energy prices. There's also no chain involved, making the purchase process more straightforward and reducing the risk of delays.
Q: How much more expensive are new builds compared to second-hand properties?
A: While new builds may have a higher initial purchase price, it's important to consider the total cost of ownership. With a new build, you avoid immediate costs for repairs, updates, or energy efficiency improvements that older properties often require. The 10-year warranty covers major structural elements, and modern heating systems with air source heat pumps significantly reduce energy bills. When you factor in these savings over the first few years, the cost difference can balance out.
Q: What's the buying process like for a new build?
A: The new build process differs from purchasing a second-hand property. Once you reserve your plot, you'll typically have 28 days to exchange contracts. We work with reliable solicitors who specialise in new build transactions and can handle contract packs efficiently. There's no chain to worry about, which reduces the risk of the sale falling through. If it’s not complete, we'll keep you updated throughout the construction process and arrange regular site visits so you can see your home taking shape.
Q: What happens if something goes wrong after I move in?
A: New builds come with comprehensive protection. You'll have a 10-year NHBC warranty covering structural defects, and most fixtures and fittings have manufacturer warranties. During the first two years, the majority of builders are responsible for putting right any defects that arise from their workmanship.
Q: Can I make changes to the property during construction?
A: This depends on the stage of construction when you purchase. If you buy early in the process, developers often allow you to choose from upgrade options for kitchens, bathrooms, flooring, and sometimes even layout modifications. However, changes typically incur additional costs and may extend your completion date. We'll discuss available options with you and coordinate with the developer.
Q: What about mortgages for new builds?
A: Most lenders require a minimum 5-10% deposit for new builds, though having 15-20% will give you access to better mortgage rates. One major advantage is that new builds typically achieve EPC ratings of A or B, making you eligible for green mortgages with preferential rates - often 0.1-0.5% lower than standard mortgages. We can recommend mortgage advisors who specialise in new builds and green mortgages to help you secure the best available rates. In today's higher rate environment, these green mortgage discounts can save you thousands over your mortgage term.
Find your ideal first home – with less stress and more peace of mind
Browse our latest new build developments offering modern features, green mortgages and a smoother buying journey.
ashtons.co.uk/land-and-new-homes
