New blog post: Dangers in Buying a New Home
Why would you consider buying a new home? Is it simply because you want that feeling of owning something new. Perhaps you want cutting edge design and modern standards of thermal comfort with low energy bills, or perhaps you simply feel that buying a new home gives you peace of mind that nothing could possibly go wrong.
You may even have reasonable expectations that nothing is perfect and perhaps you may find one or two snags but so what, your constructor will willingly correct defects in the first two years and after that you have NHBC insurance to cover further eventualities. Moreover, even your solicitor has advised you not to bother getting a full survey because its a new property and you’re covered by the construction guarantee and NHBC warranty. Well a qualified solicitor must know what he’s talking about and given the expense in moving home you’re predisposed to taking this advice because you’re trying to manage a budget. Of course your solicitor is absolutely right in principle but in practice he is very very wrong because there are many hidden dangers in buying a new home.
I write this blog very conscious of the fact that I’m in a ‘well you would say that wouldn’t you’ position since I’m advising a course of action that I may potentially profit from, but to be frank this information is only going to come from a surveyor dealing with these issues at the sharp end. I’ve carried out many detailed snagging surveys on new build properties and I can not remember ever signing off on a property that only had reasonably minor defects. So what is going wrong?
Read the full blog here… Danger in buying a new home.