Buying a home is one of the biggest and most important decisions you will make in your life. So, you want to be sure with your purchase every step of the way. But, what questions should you ask during development and new build inspections? Find out more here.
What Do I Get With My New Build?
When buying a home, it is important to know exactly what property and assets are attached. Though it may seem like an obvious question, you’d be surprised how many homeowners are unaware of how much land they will need to be responsible for. Or, what assets may be lacking. In addition to the home, you can also be in charge of the driveway, garden, outbuilding and other factors.
Make an enquiry and request a comprehensive list of all amenities the property offers. This typically includes details about the garden space, parking options and itemised white goods. To avoid future issues, you should always get everything in writing before signing any paperwork or contracts.
Is the Property Freehold or Leasehold?
Newly constructed flats and apartments are often leasehold properties. This means that you enter a lease with the freeholder to use the property for a specific period of time. Typically, this will consist of between 90 and 999 years on newly created leases. Once this lease has run out, the property owner then transfers back to the freeholder (landlord).
When it comes to leasehold flats, these usually come with a variety of rules and regulations from the freeholder. This can include loud noises, keeping pets and alterations to the property; due to other people living on the property.
However, if you are buying a freehold property, this means that you completely own the building and the land it sits on. Also known as “title absolute”, you are responsible for all costs relating to the property.
What Does New Home Warranty Include?
More than 80% of new builds that are constructed in the UK are covered by the National House Building Council (NHBC). This guarantees buyers enormous peace of mind. NHBC and other warranties are essentially insurance plans, therefore you have to file a claim and a payout is not always guaranteed. Most warranties like this apply to the first 10 years following the purchase of the home.
Once you move into a new build, the developer is required to resolve any defects that are found. That is why new build inspections and snagging surveys are vital, especially for first-time buyers. You want to feel comfortable in your new home and not worry that are certain undetected damages lingering around the property. A snagging company that compiles a life of any snags found during this time, for you to go back to the property developer.
For more information on new build warranties, read our previous blog here.
When Can You Book Snagging New Build Inspections?
At Home Snagging, we understand the importance of snag surveys and their benefits for homeowners all across the country. Especially with new build inspections. Homeowners may think that just because the property has only recently been constructed, there will be no faults. Yet, this is not true. The property will meet all building regulations, however, there are certain defects that will go unnoticed by developers and contractors.
We recommend undergoing a snagging survey after all building work is complete. The property should be ready to move in, but the legal sale has not been finalised. This way, if any defects are found, it gives property developers enough time to address these issues and resolve problems before the final move-in date. For more information on our new build inspections, click here.
Home Snagging UK
Our team of professional snaggers are here to help you with new build inspections and ensure you are getting the best value for your money. With years of experience in property development and inspections, our snag surveys are an efficient way to identify any potential defects that over time, can result in long-term costs.