More than meets the eye? The cost of upgrading an old home to new build specifications is nearly £45,000
When looking for a house, it’s rare you’ll find somewhere that you could move into without even adding a lick of paint. Besides, it’s perfectly natural to want to make “a house a home” and add your own personal touches in the process. You might want to treat yourself to a new kitchen or bathroom, or it could just be that the old boiler needs replacing.
In which case, how much would you be prepared to spend in order to put your own stamp on a house after you’ve moved in? Would it be £1,000, £5,000, or perhaps even £10,000? How about £45,000 though? Whatever the sum, it’s a lot of money on top of all the other costs associated with moving house.
This is where new builds come into their own. Recent figures from the industry have found that the cost of upgrading an older home to the same specification as a new build property is nearly £45,000*.
Everyone has different tastes, so moving into a second hand home often means living with someone else’s style, and changing this can clearly become quite a costly exercise. A new build home offers you a blank canvas and gives you the chance to work with the builder to help shape the house you’re moving into before you get there. And, with the £45,000 you’ll save yourself, imagine what you could afford instead.
*Based on independent figures for an average 3 bedroom semi-detached house. A detailed working is available on request.
Where the extra £45,000 is spent upgrading an old house:
Building quality why new homes are superior to their rivals
Buying a new build home offers the purchaser a host of advantages compared to older second-hand homes. From the financial incentives on offer, to the savings you can make through greater energy efficiency, there are plenty of reasons why you should buy new.
The difference in quality between old and new is evident in many different ways.
1. Flooding & drainage
At the planning stage of any development, house builders work with local planners and the Environment Agency to ensure the development is not at risk from flooding and that any ground and waste-water is efficiently drained from the site.
Believe it or not, many Victorian houses were built without foundations – something unimaginable today. These foundations provide the very basis for a structurally sound home.
The walls of a new home are insulated so houses stay warm in winter and cool in summer, unlike older houses that can become stuffy. More advanced building materials, such as brick and timber frames, also prevent problems such as damp.
4.Windows & doors
New homes are built with double glazed windows and doors included as standard, the majority made of PVCu. Benefits include better insulation and far less heat loss, plus greater security from superior locking systems. New homes are also better insulated from the sound of the outside world.
Roofs on modern homes are built on trusses that are lightweight, yet more secure than the thick wooden beams used in older houses.
6.Fixtures & fittings
A newly built home means new fixtures and fittings, including kitchens, bathrooms, telephone lines, digital TV wiring and, in most cases, superfast broadband. They are designed and built around a new kitchen and bathroom, meaning no holes in walls and unnecessary DIY, and a better fit and finish.
7. Quality of workmanship
New homes are built to a higher standard than ever before. This is reflected in our Annual Customer Satisfaction results where over 90% of new build homeowners would recommend their builder to a friend.
8.Building regulations & 10 year warranty
Building regulations ensure consumers are protected in their new home. They are continually being improved and strengthened, giving you peace of mind and a top quality home. New homes also come with a 10 Year Warranty for additional peace of mind.
1. DAMP, DRY ROT, WOODWORM, DRAUGHTS, JUST SOME OF THE PERIOD FEATURES YOU WON’T FIND IN A NEW BUILD HOME.More than meets the eye? The cost of upgrading an old home to new build specifications is nearly £45,000 When looking for a house, it’s rare you’ll find somewhere that you could move into without even adding a lick of paint. Besides, it’s perfectly natural to want to... read more
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