Are you better suited to a modern apartment or a traditional home? Buying a property is a big decision, so it’s important to be sure you’re making the right choice about what kind of building suits you best. We look at the points in favour of living in a new or period home.
New homes
Lifestyle
If you’re buying a newly built flat, then you’re also buying into the development and all the extras that come with it. Fitness suites, communal spaces and shops are frequently included within a new development and offer the luxury of convenience – saving you time and effort.
Chain-free
New homes by virtue of being new don’t come with a previous owner, and therefore the potential difficulty of being in a chain. This means the buying of your property can run as smoothly as possible and doesn’t rely on another person’s deal going through, making the process quicker and less stressful.
"New homes use energy efficient materials, costing you less"
High-quality
You can expect the fittings and fixtures in a new build property to be of the highest-quality new materials – and therefore be less susceptible to wear and tear. This also usually means that they are more energy efficient, costing you less, as well as adhering to the latest safety and security practices.
Schemes available
Schemes and incentives are on offer from the Government to help those looking to buy a new home, such as Help to Buy. This makes a new home particularly appealing to a first-time buyer who may be struggling to get onto the first rung of the property ladder.
Period properties
Unique
Period conversions vary from property to property, presenting a unique home. Often the property includes various period features, such as fireplaces and cornicing, along with varying degrees of modern fittings depending upon the previous owners. The bonus of high ceilings is also likely!
"The opportunity to add an extension adds value to your property"
Opportunity to add value
Unlike new build apartments, some period conversions enable you to add extensions, either upwards or at the rear. This not only provides more space in your property, but also adds value to the property as a whole if you’re looking to sell in the future.
Location
Period buildings typically benefit from the most desirable locations, being close to major transport links and amenities. By virtue of being older, they have secured some of the most sought-after locations in the capital, some of which benefit from being situated around garden squares.
Timeless appeal
Period conversions come with period features that aren’t reliant upon current trends or the latest technology to be appealing. They also offer the opportunity to incorporate fittings as and when you want them, replacing the latest tech when something better comes out. The property is not reliant upon a development as a whole being updated, which can be the case when there is integrated technology in place that might be difficult to change per individual flat.
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