Are you torn between renovating an existing property or embarking on a new build project?
While both options have their merits, there’s a compelling case for choosing
the latter. Building from scratch offers a host of benefits that can outweigh
the temptations of renovation. Let’s have a look at these benefits...
Customisation & Creative Freedom
One of the
most significant advantages of a new build is the ability to customise every
aspect to suit your preferences and needs. Building from nothing allows you to
unleash your creativity and imagination. Whether you want a minimalist
masterpiece or a cosy family home, from layout and design to materials and
features, you have the freedom to create YOUR dream home without the
constraints of existing structures.
Modern Efficiency
New build projects can incorporate the latest technological and energy efficient advancements. From insulation and HVAC systems to smart home features, you can modernise your home’s comfort and sustainability, potentially saving a lot of money long term on utility bills.
No VAT
When opting to knock down your old property and start from scratch, you can save yourself a large sum of money through the elimination of VAT. New build projects are zero-rated, this means that you will not have to pay the 20% VAT, giving you more financial freedom to perfect your home.
Structural Integrity
With a new build, you remove the uncertainties and potential issues that come with renovating an older structure. You can ensure the structural integrity of the building from the foundation up, reducing the risk of costly repairs and maintenance down the line.
Less Restrictions
When working on an existing property, there are often many restrictions. Whether it be structural or planning, you will often need to compromise your aspirations to make it work. However, when working on a new build project, you will have the freedom to bring your aspirations to life and will avoid these restrictions.
Warranty
Commonly with new build projects, you will have the option to include a New Home Warranty, covering the costs of any major structural defects. This insurance policy covers 10 years from the date on the completion certificate. This is a benefit that would not exist with a renovation.
