New build homes can be an appealing prospect for many types of property buyers. This is because they come with modern features, are energy efficient, and require less maintenance than an older home. While there are many advantages to buying a new home, there is rising concern about hidden defects being uncovered after the purchase. Keep reading to find out more.
Common Hidden Defects in New Build Homes
There are a few common hidden defects in new build homes to be aware of. These include poor workmanship, incomplete finishes, faulty plumbing, and inadequate insulation. A report from the Chartered Institute of Building (CIOB) found that more than half of people thought older builds were better than new builds and concerns over construction standards have put buyers off of new build homes.
Are Property Surveys Adequate for New Builds?
Property surveys are key for identifying issues with a property, but many buyers assume this is not required for a new home. Snagging surveys are specifically designed for new build properties and are key for identifying issues that need to be addressed by the developer before the buyer moves in. There are concerns that current survey practices are falling short in detecting issues in newly constructed properties, which is lead to many issues being found after the purchase is made.
The Risks of Skipping a Detailed Survey
There is a significant risk of skipping a detailed survey with many examples of buyers moving in only to find issues. A snagging inspector has built a large following on social media after highlighting so much poor work on new build homes and believes that developers need to improve their standards.
What Happens When Defects Are Missed? Legal & Financial Implications
New build homes come with a ten year warranty, but there can be discrepancies if defects are not identified before purchase that could impact the buyer’s finances and result in complex and stressful legal challenges. Additionally, surveyor negligence could help you to receive compensation if the surveyor fails to detect significant issues during the survey process.
How to Protect Yourself as a New Build Buyer
To protect yourself as a buyer, you should opt for independent snagging surveys, research developers, and be vigilant about checking warranties and guarantees. Due diligence will be essential for preventing costly surprises after moving in.
Government & Industry Response: What’s Being Done?
It is clear that action needs to be taken to improve the quality of new homes. The government set up an independent body called the New Homes Quality Board to ensure standards were met, but housebuilders are not required by law to join.
There are many benefits to buying new build homes, but many people find that there are hidden issues with the property after moving in. This can be a major issue, which is why buyers need to be cautious.
