—Luxury living

Why you should buy a New-Build home?

Are you looking to buy your dream home? You're probably considering whether to buy a resale or find a new-build property. Read this article to find out why buying a newly built property is ALWAYS a better option!

The Benefits of Buying a Newly Built Home

Many advantages come from buying a newly built property instead of a resale. One of the most obvious benefits is moving into a house you won't have to do any repairs in. These days all newly built properties are designed using the latest techniques to have an ecological and low maintenance building, while still keeping your daily comfort as the main priority. If any problems arise after you move into your new-build, you will be able to claim directly from the developer who built your property as with all new construction properties you will have a warranty.

When buying a newly built property you must accept that the full price will be slightly higher than for a resale property, however with that you must remember that for upfront payment you can expect to pay 10% for resale properties and up to even 30% for a new build property, which means you won't have to pay the full price upfront but be able to split it into lower payments. Also, don't forget that the property tax for new-builds is much more favourable than for resales. This is mainly due to the fact that new-build properties are taxed under the Value Added Tax and not the Transfer Tax scheme. The difference between the two is that the first is tax-deductible, while the second one isn't.

One of the biggest benefits? All newly built homes are adapted to the modern and contemporary lifestyle. This also means that your new property is not only brand new, but designed to absolute aesthetic beauty. Top quality finishes, finest materials - which of course you may choose! Don't forget that when you find a project you like, you can and in fact should sit down with the architect and tell them all your requirements so they completely understand your tastes and needs and be able to design your dream home.

Additionally, new-build properties are much more efficient in terms of energy. The property will therefore generate less expenses for you due to new electrical systems and their low consumption. Developers these days focus on improving the environment and reducing pollutions and carbon dioxide emissions, which is also a major benefit.

Having read about all these incredible benefits from buying new-build properties, don't wait any longer and contact us to find your ideal home! At Lux Estate Property we will meet with you, talk with you and deliver exactly the home you are looking for!