Sunday, February 25, 2024

How new homes incentivise first-time buyers in 2023

Buying a new home is an exciting experience, but it can also be daunting. Fortunately, there are many incentives that make it easier for first-time buyers to purchase a new house, from energy efficiency to government schemes and developer financial schemes. Let’s take a look at how new homes incentivise first-time buyers in 2023.

Energy Efficient

Fit for modern living purposes in 2023, New Builds tend to be more energy efficient than older houses due to their roof insulation and use of renewable heating technologies. This can save you money on your monthly bills as well as help the environment by reducing carbon emissions. Additionally, if you are looking for a home with lower running costs or one that will help reduce your carbon footprint, then buying a new home could be the best option for you.

Developer Financial Schemes

Many developers offer financial schemes designed to make purchasing your dream home easier, such as ‘Deposit Paid’, where you don’t need to pay any deposit upfront, and ‘Builder assisted sale’, where the developer may help you sell your current home or ‘Part-exchange your house’ which allows you to exchange your existing home for one from the same developer without needing estate agent fees or worrying about selling before buying, so these are all great options if you are considering purchasing a brand new build property.

Armed Forces & Keyworker Discounts

If you work in certain professions, such as the Armed forces or as a nurse, then some developers may also offer discounts on their properties, so this could be another great way of getting onto the property ladder and into your dream home sooner than expected.

Purchasing a new build doesn’t have to be intimidating; there are plenty of incentives out there that will make it easier for first-time buyers in 2023. From energy efficiency thanks to improved roof insulation technology, to developer financial schemes like ‘Deposit Paid’ and ‘Part-exchange Your House’, there are many ways that potential homeowners can get onto the property ladder quicker than ever before. Armed forces and keyworker discounts may also apply, so do not forget to ask about them when viewing properties.

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