Potential ‘red flags’ to consider when buying a new build

Buying a new build home is an exciting prospect, but it also comes with certain risks. When it comes to buying a new build home, there are a number of potential ‘red flags’ that you should be aware of and look out for. By being aware of these potential problems, you can make sure that you don’t find yourself in an unfavourable position further down the line.
The first ‘red flag’ to look for is the quality of the build. A new build home should be built to a high standard, however, many developers cut corners to reduce costs. When viewing a new build property, you should always take the time to inspect the quality of the work. Look out for any signs of shoddy workmanship or poor-quality materials.

The second ‘red flag’ is the price. It is important to ensure that you are getting a fair deal. Many developers will inflate prices to make a larger profit, so it is worth doing some research and comparing prices with similar properties in the area.

The next ‘red flag’ is the developer. Before you commit to buying a property from a particular developer, it is important to research them and read reviews from other customers. You should also make sure to check the developer’s track record for any previous issues.

The fourth ‘red flag’ is the paperwork. Before you sign any contracts, make sure that you read through and understand all the paperwork. If you have any queries or concerns, make sure to ask questions and get a thorough explanation from the developer.

Finally, it is important to get a Chartered Surveyor to inspect the property before you complete on the purchase. A Chartered Surveyor’s Snagging Report will be able to identify any potential problems with the build and advise if any repairs or alterations are required.

By being aware of these ‘red flags’, you can make sure that you don’t find yourself in a difficult situation further down the line. It is important to take your time and do your research before you commit to buying any property and seek advice from a Chartered Surveyor in the form of a New Build Snagging Inspection.
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