Tag Archives: sales

Floorplans are now essential to sell a home

Floorplan – you won’t sell your home without one
Floorplans have been around for years as far as new homes are concerned. They are essential, especially in the early stages of a development when the show homes are yet to be built and for “off Plan” sales. In addition, not every house type or variation will be available to view before it is released for sale. But with the advance and popularity of online portals such as Rightmove and Zoopla, floor plans have become more4 Bed detached 1Homes marketed without a floorplan are very likely to be dismissed out of hand by those searching for a home online. This is even more likely the further a buyer lives from the property.

What should be included in the floorplan

The floorplan should be fully dimensioned with both imperial and metric measurements for each room. This enables buyers to easily determine individual rooms sizes and where the measurements refer such as into a bay window or alcove. The total floor area in square feet/metres should also be shown, enabling potential buyers to compare floor areas and value against other properties. As new homes and room sizes become ever smaller, with UK new homes being some of the smallest in Europe, the size of the average UK new home is just 76sqm (818sqft); a relatively new four bedroom house can have the same floor area as a 30 year old three bedroom home.

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The top 20 mistakes made by UK new home buyers

Buying a brand new home built to exacting standards, the latest energy-efficient designs with a ten-year warranty, where could naive, trusting new homebuyers possible go wrong?  Read on to discover the twenty most common mistakes made by Britain’s new home buyers and make sure you don’t become yet another victim of the UK housebuilding industry.

cropped-Bovis-Sales-Office.jpg1) Buying a new home because they can not because they should Various government schemes such as Help to Buy schemes make it easier and often the only financially possible way to get on the housing ladder. Being able to buy is not alone a good enough reason to buy a new home.

2) Using the housebuilder’s recommended, suggested or nominated firm of solicitors
The number one mistake made by new homebuyers. Despite it being illegal for housebuilders to insist that buyers use a certain solicitor, it still occurs. One major plc housebuilder even pre-filled in reservation forms with their preferred solicitor! By using the housebuilder’s solicitor buyers are not only relinquishing control of the process to the housebuilder, they are actually putting themselves at a legal disadvantage by not having their interests represented. Issues include; buyers legally completing on unfinished houses, a buyer of a flat later discovered specifications had been changed and the length of lease reduced and being told that completion certificates and warranty documents had been received when they had not even been issued, due to unresolved compliance and warranty problems with the home.

3)  Not having their new home independently professionally snagged and inspected
Snagging inspectorThe second biggest mistake new homebuyers make is not having their new home professionally snagged and inspected before they legally complete. It is a sad fact that around 96% of all new homes buyers will have defects and problems with their new homes after they have moved in. Many, if not all of these could have been prevented if the property had been properly inspected at each construction stage by both the housebuilder’s site management and warranty provider. It is therefore essential that new homebuyers use an independent professional to thoroughly snag and inspect their new home before they legally complete. This not only ensures it is, at the very least, fully completed before they pay for it, it also highlights all visible defects, snags and breaches of regulations and warranty standards. Unfortunately both the housebuilders and warranty providers cannot be relied upon to properly carry out the inspections and oversee remedial works to correct defects.

4. Not doing any research regarding housebuilders or new homes before buying
Websites such as our sister site www.brand-newhomes.co.uk and various forums have a wealth of information available for the new homebuyer. This enables them to make a fully informed choice, aware of what can and does go wrong and what steps they can take to reduce disappointment and feelings of regret and resentment after moving in.

5. Paying too much – not getting a discount
All house builders have a price list but only a fool actually pays the full price. Site sales staff nearly always have “negotiables” they can offer buyers with discounts amounting to 5-10% off the full advertised price on certain plots at certain times of the year. In addition, many new homebuyers buy at or near the top of the market paying too much only to later watch as the resale value of their home plummets just as interest rates rise and the housing market crashes.

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Persimmon and Bovis benefit from Help to Buy

Help to Buy GraphicblogPersimmon has confirmed it has sold over 3,000 new homes under the government’s Help to Buy Equity Loan scheme launched in April. This  equating to approximately a third of the group’s total completions in 2012.

The second, and more controversial, part of Help to Buy was brought forward and launched in October, offering indemnity guarantees to lenders for their 95% mortgages for new and existing homes. Many are saying the scheme risks causing a housing bubble. 

Persimmon confirmed that the impact of Help to Buy (2) mortgage indemnity, had “been muted due to the higher level of interest rates being charged with only a limited number of lenders involved in this second phase so far.” They anticipate that sales supported by these guaranteed mortgages will increase as interest rates begin to reduce as more lenders enter the market over the next few months.  

In a statement Persimmon said: “We believe mortgages associated with the Help to Buy equity loan scheme will remain the preferred choice for the majority of customers of the house building industry given that interest rates for this product are significantly more competitive than those available with the Government guarantee.” 

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