New build homes make a fantastic investment, whether you are a portfolio landlord, or you are looking for your first buy-to-let property.
Competition for new build homes is significantly less fierce than is expected for an older home, meaning as an investor the buying process for your property can be simpler and often cheaper with no competing bids raising the price of your prospective investment. New build purchases are also typically chain free, so there is no waiting period for other buyers and sellers to exchange and complete.
Minimal Work Required
New-build properties are the perfect investment solution for buyers who do not have a vast amount of time or money to commit to completing a renovation.
A newly built property from Woodall Homes is ready to move into as soon as the building is completed. This means that if you are letting your property unfurnished, tenants can begin occupying their new home from day one.
All of our new build properties are all sold with the industry-recognised NHBC warranty, giving our customers the peace of mind that all of our homes are built to an excellent standard. Alongside this, each of our properties benefits from the NHCB 10-year Buildmark Warranty, meaning that investors can feel reassured by the quality and reliability of the property they are investing in.
High Demand
The current style of new build properties is very popular, particularly amongst couples and growing families. With open-plan living areas, landscaped gardens and premium-quality flooring and fixtures, it is not surprising that many potential homeowners and tenants are searching for a new home to move into.
As well as the style of the properties being in high demand, new build homes also offer the benefit of being more efficient. With the ongoing cost of living crisis, everyone is searching for ways to save money and as the cost of utilities continues to rise, saving money on energy bills is vital for many people. The combination of more efficient building materials and new appliances could mean that energy bills at new homes are almost half the price of an older home, which is a huge saving for any potential tenant.
Popular Community Areas
Development areas encourage the growth of good-quality communities and are often accompanied by newly established supermarkets, independent cafes and restaurants, plus the addition of more locally owned businesses choosing to open in the area.
This community feel is attractive to most tenants, particularly for families who are searching for homes to fall within new school catchment areas. So, when choosing a new build home to invest in, it is also key to research the current area and consider any ongoing planning permission for local amenities.
Our Forest View development in Mansfield is a fantastic example of living in the heart of a thriving community. Located close to the town centre, Forest View is in an excellent area for accessing all of the amenities the town has to offer whilst staying in reach of the renowned Sherwood Forest for beautiful outdoor walks.
To find out more about the fantastic investment opportunities we have at Forest View, visit the development page here, or call our sales team on 01246 575744.