10 reasons why buying a home in a new development is a smart investment
Category Sound Advice
Purchasing a home is a significant milestone in one's life, and it offers numerous options to choose from. Buyers can either opt for pre-existing homes with a rich history or invest in a brand-new property in a newly developed area. In recent years, buying a home in a new development has become an increasingly popular option for those looking for a new and modern living experience.
Let's delve into the numerous benefits of investing in a new development property:
1. Customisation
When you buy a home in a new development, you have the opportunity to customise it to your liking. Developers often offer a range of options, from selecting finishes to choosing a layout that suits your needs. This level of customisation allows you to personalise your home and make it unique to your preferences and lifestyle.
2. Modern amenities
New developments provide an array of modern amenities that older homes simply can't match. These high-tech features may include modern appliances, cutting-edge smart home technology, and advanced heating and cooling systems, all of which can enhance your daily life and help you save money on utility bills.
3. Energy efficiency
Purchasing a new home comes with many benefits, including the latest energy-efficient technologies. You'll be pleased to know that these homes are designed with modern features such as energy-efficient windows, appliances, and insulation that can significantly reduce your utility bills. In addition to saving money, you'll also be doing your part for the environment by minimising your carbon footprint.
4. Financial savings
Purchasing a new development property can offer a range of financial benefits that can help you save money. For starters, you won't have to worry about transfer duty costs or transaction expenses, as these will typically be covered by the developer. Additionally, VAT is included in the selling price, which can help streamline the purchasing process. Another advantage is that you may only need to pay a 10% deposit, with the remainder due once the building is completed. And if you purchase a house off-plan, you may even be able to take advantage of exemptions from capital gains tax.
5. Reduced maintenance
Owning a new home means you can spend less time on maintenance and more time enjoying your property. That's because new homes are constructed with durable, modern materials that require less upkeep than older homes. Furthermore, many new developments have homeowner associations that oversee maintenance and repairs, easing the burden on homeowners. By investing in a new home, you can avoid costly repairs and replacements that often come with owning an older home, giving you more peace of mind and a healthier bottom line.
6. Community amenities
New developments frequently offer fantastic community amenities, such as swimming pools, state-of-the-art fitness centres, and sprawling parks. These features create a strong sense of community among residents, providing endless opportunities for socialising and staying active. Living in a new development means you can enjoy all of these amenities just steps away from your doorstep.
7. Location
New developments are often located in up-and-coming areas that offer access to new restaurants, shopping, and entertainment options. Additionally, they may be located near good schools, hospitals, and transportation options, making it easier for you to get around.
8. Resale value
Purchasing a home in a new development can prove to be a fantastic investment decision. Newly built homes tend to fetch higher resale values than older properties due to their incorporation of cutting-edge technologies and superior building materials. Furthermore, new developments have a tendency to appreciate in value more quickly than established neighbourhoods, presenting you with an excellent opportunity for a potential return on investment when you decide to sell your home.
9. Better security
When it comes to security, new developments are often equipped with top-notch features that are sure to give you peace of mind. With controlled access and security guards, you can rest easy knowing that your loved ones and your property are well-protected. This added layer of security is just one of the many advantages that buying a home in a new development can offer.
10. Move-in ready
Buying a home in a new development means you can move in right away. There's no need to wait for renovations or repairs to be completed, which can be a relief for those who need to move quickly. Additionally, new developments often have move-in specials or incentives, such as free upgrades or reduced closing costs, making it even more affordable to buy a new home.
With these advantages, it's no surprise that new developments are becoming an increasingly popular choice for homebuyers. If you're in the market for a new home, a new development might be the perfect match for you. Get in touch with Property Matchmaker today and we will help find a fantastic property in a new development to meet all your needs.
Author: Property Matchmaker
