Buying a New Build
However, these can be replaced by a range of other problems, and many people who buy a new build report problems with the process to a greater or lesser extent.
One of the chief complaints with regard to new builds is simply the time that it takes for the building works to be completed. Depending on the size of the development, typically there will be a few 'show homes' that are built right near the start, and people view these, find a plot they like and buy that, but the timescale that is suggested for when the property will be ready and when it really is ready can vary. So some people buying new builds find this a particular problem, and can be exacerbated if a current home is sold in anticipation of an earlier completion date, and therefore having to extend rent and living in limbo in another property, waiting for building to finish.
Sometimes the specification of the property is different to what the buyers of the new build property thought they were going to be getting, or on moving it the quality of the workmanship or the furnishings can be below par. Perhaps at a general level the biggest worry many have is that they don't feel they have enough rights as a consumer (and legal recourse) when things go wrong, when it comes to buying such property.
Some experts suggest getting a quality audit done on a property that is completely built but you've not yet exchanged on. This can then show up any defects which you can insist are put right before exchange of contracts. And if this is not the case then make sure that an inspection occurs before the legal paperwork is done and dusted so that you can help guard against such anticipated problems whilst there is still time.
More property related articles:
- Making an offer on overseas property
- Questions to ask when buying abroad
- Current account mortgages
- Spain and Utility Services
- Repayment Mortgages
