53% of Home Movers Would Consider Buying a Brand New Home

With energy costs on the rise, the appeal of buying a brand new home is stronger than ever. According to recent data, 53% of home movers now say they would consider purchasing a new-build property, a notable increase from 47% last year. This growing trend highlights the modern advantages that new homes offer, making them an attractive option for buyers across all age groups.

Why Are New Homes So Appealing?

The allure of new-build properties goes beyond their fresh paint and contemporary designs. Here are the top reasons why buyers are drawn to these homes:

1. Energy Efficiency (70%)
In an era of soaring energy prices, energy efficiency is a major priority. New homes are built to stricter energy standards, featuring advanced insulation, double or triple-glazed windows, and energy-saving appliances. These features not only lower energy bills but also reduce carbon footprints, making new builds an eco-friendly choice.

2. Less Maintenance (65%)
The idea of moving into a home that requires little to no immediate maintenance is highly attractive. With new-build properties, buyers avoid unexpected repair costs and enjoy the peace of mind that comes with brand-new fixtures, appliances, and warranties.

3. No Need to Refurbish (64%)
Moving into a home that’s ready to live in, with no need for time-consuming or costly refurbishments, is a big plus. Buyers can focus on settling in rather than dealing with renovations.

These benefits make new-build homes a viable choice not only for first-time buyers but also for seasoned homeowners seeking a hassle-free move.

Addressing Common Concerns

While new-build homes have undeniable appeal, they’re not without their criticisms. Two common concerns among potential buyers are:

1. Build Quality (61%)
Some buyers worry about construction standards in new developments, fearing issues like poor workmanship or substandard materials. It’s important to do thorough research on developers, check reviews, and inquire about warranty coverage to ensure peace of mind.

2. Room Size (47%)
The perception that new-build homes offer smaller rooms compared to older properties is another concern. Buyers should carefully review floor plans and visit show homes to determine whether the space meets their needs.

New Homes for All Ages

Interestingly, the shift toward new builds isn’t confined to any specific demographic. Whether you’re a young professional seeking a low-maintenance starter home or a retiree looking for energy savings, new-build homes have universal appeal. Developers are responding to this demand by offering a range of styles and layouts to suit diverse lifestyles.

Is a New Build Right for You?

If you’re considering your next move, a brand new home might be worth exploring. With energy efficiency, minimal maintenance, and no need for refurbishments as top selling points, these properties could save you time and money in the long run. However, be sure to weigh the benefits against any concerns, and don’t hesitate to ask questions to ensure the home fits your needs.

As the demand for new-builds continues to rise, they’re becoming a popular choice for movers seeking modern living solutions in today’s challenging housing market. If you’re curious about what’s available in your area, get in touch with us to explore your options!

Source: Dataloft by PriceHubble, Property Academy Home Movers Survey 2024.