Buying a New Build Home: A First-Time Buyer's Guide

For many first-time buyers, purchasing a new build home is an exciting prospect. Everything is pristine, energy-efficient, and (hopefully) stress-free. But while buying a new build comes with advantages, there are also challenges to consider. If you're thinking about purchasing a newly built home, it’s essential to understand the process, potential pitfalls, and how to prepare financially.

Here’s everything you need to know before committing to a new build property.

 

The Pros and Cons of Buying a New Build Home

 

Pros of Buying a New Build

• Brand new condition - No dodgy DIY, no repairs, no hidden surprises.

• Energy efficiency - Modern insulation, double glazing, and energy-efficient appliances can save you money on bills.

• Lower maintenance costs - No need to worry about replacing old boilers, rewiring electrics, or fixing leaky roofs.

• Customisation options - Some developers let you choose fixtures, flooring, and kitchen designs.

• Warranty protection - Developers must offer a 10-year structural warranty. If they do not, this is a red flag and you should be cautious. If you require a mortgage, check that your lender accepts the warranty provider, as not all warranties are recognised by every lender.

• No onward chain - Unlike older homes, you won’t be waiting for a seller to move out, which can make the process smoother.

 

Cons of Buying a New Build

• Premium pricing - New builds often come with a higher price tag than older properties of the same size.

• Potential delays - If you're buying off-plan, construction delays can push back your move-in date.

• Smaller room sizes - Some new builds have smaller rooms compared to older homes, so check dimensions carefully.

• Limited negotiation - Developers rarely budge on price, but they may offer incentives like paying stamp duty or including extras.

• Snagging issues - Rushed construction can mean unfinished or poorly executed details that need fixing.

 

What to Check Before Reserving a New Build

New builds look great in glossy brochures, but what you see isn’t always what you get. Here’s what to double-check before signing anything:

 

Visit the Site and Show Home

• Don't rely on brochures - walk around the development, check room sizes, and picture how the property will feel once lived in.

• Ask about the timeline for roads, green spaces, and amenities if the area is still under construction.

 

Research the Developer’s Reputation

• Look up reviews from other buyers - forums and social media can be revealing.

• Check if the developer has a history of construction delays or issues with quality.

 

Understand What’s Included

• Find out what comes as standard and what’s an optional extra. Some developers charge for flooring, white goods, or even garden turf.

 

Ask About Leasehold or Freehold

• Many houses are freehold, but some are sold as leasehold, meaning you might have ground rent and service charges to pay. Always check.

 

Clarify the Completion Date

• If buying off-plan, ensure the contract includes provisions for delays.

• Ask what happens if your mortgage offer expires before completion.

 

Be Aware of Recommended Solicitors and Mortgage Brokers

• Developers often recommend specific solicitors or mortgage brokers, sometimes offering incentives to use them.

• You are not required to use their recommendations, and in some cases, an independent solicitor or broker may offer better advice.

• Always compare options to ensure you are getting the best service and price.

 

The Snagging List: Getting Issues Fixed

Even with a brand-new home, things can go wrong. That’s why a snagging survey is crucial. This is a list of defects that need fixing before (or soon after) you move in.

Common snags include:

• Cosmetic issues - Paintwork, scratches on surfaces, ill-fitting doors.

• Plumbing & electrics - Leaky taps, faulty sockets, inconsistent water pressure.

• Structural concerns - Cracks in walls, poorly fitted windows, gaps in skirting boards.

Most developers have a set period where they will fix snags for free - so flag everything as early as possible.

 

After You Move In: What to Do If There Are Issues

Even after moving in, you may discover problems that were not immediately obvious. Understanding your rights and the timelines for getting these issues resolved is key.

 

Snagging Period and Warranty Coverage

• Most developers offer a two-year defect period, during which they are responsible for fixing any issues related to workmanship.

• Beyond this, the 10-year structural warranty covers major defects like foundation issues or structural failures.

 

How to Report Issues

• Keep a detailed list of any problems you find and report them to the developer in writing as soon as possible.

• Take photos and keep records of all communication to ensure a clear timeline of events.

• If the developer is slow to respond or refuses to fix defects, you can escalate the complaint to the warranty provider or a relevant consumer protection body.

 

Knowing Your Rights

• Under the Consumer Code for Home Builders, developers must address legitimate defects within the agreed snagging period.

• If issues persist and the developer fails to take action, you may be able to pursue legal action or involve an ombudsman service.

 

Saving for a New Build Home: How Klink Can Help

 

Home Goal: Plan Your Deposit & Timeline

Saving for a deposit? Klink’s Home Goal feature helps you set and track your savings target based on your desired home value, deposit size, and expected salary growth. You can adjust your monthly savings and see how small changes impact your timeline, helping you reach your goal faster.

 

Mortgage Readiness: Improve Your Chances of Approval

Getting a mortgage isn’t just about saving a deposit. Lenders assess your financial habits, including spending, borrowing, and affordability. Klink’s Mortgage Readiness feature gives you a personalised score based on open banking data, helping you identify areas to improve before applying.

 

Spending Insights & Spend-O-Meter: Stay on Track

New builds often require additional upfront costs - legal fees, moving expenses, and optional upgrades. Klink’s Spending Insights & Spend-O-Meter help you monitor your finances and ensure you’re setting enough aside for these hidden costs.

 

Is a New Build Right for You?

New builds offer a modern, low-maintenance home with energy savings and a hassle-free move. However, they can come with a higher price tag, potential snagging issues, and limited scope for negotiation.

If you’re considering a new build, using Klink can help you prepare financially, improve your mortgage readiness, and set a realistic timeline for homeownership.

Download Klink today and take control of your journey towards buying a home.