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Low running costs make new homes attractive says poll
A recent survey shows that low maintenance and peace of mind are attracting cost-conscious homebuyers to new build property.
Cash-conscious homebuyers are taking a long term view when conducting their property search and are increasingly looking to new homes due to the lower ongoing running costs, reports smartnewhomes.com, which has conducted a national survey of over 1,000 active UK home searchers.
One-in-two of the homebuyers questioned stated the low maintenance of newbuild properties as their reason for buying new. Over 40% of respondents also cited the peace of mind offered by the standard ten year newbuild warranty as another key reason for choosing new over re-sale homes.
The promise of ongoing low running costs provided by new build also featured heavily in homebuyers’ decision making, with large numbers citing energy efficiency and modern appliances as further motives for buying new.
David Bexon, Managing Director of smartnewhomes.com, comments “While people are still on the hunt for bargain prices, homebuyers are now looking at the bigger picture when conducting their search, forward planning to ensure that the maintenance and ongoing running costs of their new home are as low as possible.
“People are also increasingly conscious of energy saving in the home, and the environmental credentials of newbuild property have been made clear, thanks largely to the introduction of Energy Performance Certificates (EPCs). Homebuyers are now more concerned about the impact of their home on the environment, and perhaps more significantly these days, how this equates to solid cash savings.”
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