New-Build or Re-Furb? Which Is the Better Buy?

No one can dispute the appeal of a traditionally built older property, but within its walls could lurk a 'Pandora 's box' of problems. Even when a home has benefited from a total refurbishment program, previous defects often have the knack of reoccurring, especially if the correct remedial procedures have not been implemented.

In view of the above, it can be said that buying a brand new home is the only certain way to know that if any issues arise which compromise the fabric of the building; it is the responsibility of the builder to ensure they are rectified. With a builder's guarantee in place, which usually lasts for ten years, you will have the peace of mind that you have bought a solid investment.

Check your builder's credentials to ensure that he is a member of a reputable association that will provide a guarantee for his work. All newly-built residential property in the UK is covered by the National House Building Council. There is an equivalent institution in the USA - The National Association of Home Builders.

The purchase of a new build home thus carries many added advantages over older properties - even those that have benefited from an intensive remodelling program - so you can concentrate on furnishings and décor, knowing you won't have to find money for unforeseen repairs.

New build homes have been designed with the most up to date materials in mind and will have to pass rigorous standards of construction. They will also be safe, energy efficient and built to cope with extremes of weather. In recent years, there have been marvellous leaps in the quality and durability of building materials, so new homes benefit from the latest technological advances regarding architectural design and construction.

If you want a clean slate on which to imprint your personality, a new build home may be your best option. Even a row of identical properties can leave plenty of scope for personalisation. Developers often accommodate the needs of the home buyer by offering a wide selection when it comes to fixtures and fittings, so your home need not be an exact replica of the one next door.

Although new-builds may sometimes offer less living overall space than typical older homes, the available space is more cleverly thought out to maximise the property's potential and give a designated purpose to all parts of the building. New homes will be more economical to run and will have insulation suited to the local climate.

A refurbishment can also be a great choice of home, providing you can be sure the renovations have been carried out according to current building regulations. Ensure that the correct certificates and guarantees are in place; failure to check on such details may prove costly. Shoddy workmanship and use of inferior materials can often be more expensive to put right than beginning from scratch, so it's advisable to have a thorough survey done on any refurbished home you are planning to buy.

The decision to buy new or refurbished basically comes down to personal preference in the end, but one way or another you need to be thorough and discerning in your search. Constantly seek advice from reputable property professionals who can guide your decision regarding any prospective property purchase and you will have the best possible chance of buying a home that suits your requirements for many years to come.