To tie in with New Homes Week this week (13-17 May 2019), local housebuilder Chestnut Homes is supporting the initiative which raises awareness of all of the benefits of buying a brand-new home.
New Homes Week, which takes place from May 13-17, is run by the House Builders Federation (HBF).
The annual event was created to outline all the benefits, offers and detail the government backed initiatives to help homebuyers.
David Newton, Managing Director of Chestnut Homes, said: “There are so many positive reasons to buy a new build home and New Homes Week is an excellent way in which to find out everything you need to in one place.
“The beauty of a new build home is that it’s finished to your taste – you get to choose the final touches and make it your own.
“It’s then easy maintenance from the moment you move in and you get a real peace of mind with the two-year interior fittings guarantee and ten-year NHBC property warranty.
“The Government backed Help to Buy scheme which has already proved popular in helping so many homebuyers to purchase a new build home, is also outlined well by the HBF.”
The Help to Buy scheme enables purchasers to secure a new home with a five per cent deposit and a 75 per cent mortgage. The remaining 20 per cent is provided as a government-backed equity loan which is interest-free for five years.
The Government have recently agreed to extend the current availability from 2021 to 2023 and the Government backed Help to Buy ISA is also a very helpful way in which to save for a deposit more quickly.
David adds: “On top of all of the other benefits of buying a new build home they’re also extremely energy efficient compared to older properties, saving the homeowner hundreds of pounds each year.”
The most recent study carried out by the HBF shows that According to Energy Performance Certificate data, more than 8 out of 10 new builds have the top A or B rating for energy efficiency compared to just 2.2% of existing properties. Government data shows that as a result, new homes are using on average 103kWh/m2 worth of energy compared to an average of 294kWh/M2 for existing homes.
This means that new build home owners will spend on average £443.30 a year (£276 heating / £108 hot water / £60 lighting), well under half of the £1,072 the owner of an older home can expect to spend – saving, on average, £52 a month, or £629 a year.
More information on New Homes Week can be found at: www.hbf.co.uk.
Chestnut Homes is currently building a range of homes to suit all needs in Alford, Bardney, Boston, Coningsby, Dunholme, Lincoln and Louth.
More information can be found at: Chestnuthomes.co.uk.