In part one we looked at the importance location, using a reputable builder and sensible budgeting when purchasing new homes and in part two we continue the process by explaining the pitfalls of show homes, the importance of good, independent legal advice and finish with a brief guide to snagging.Show homesIt is usually possible to view a show home on most new developments; however there are a number of factors to consider when looking round. Is it reflective of the property you are looking to purchase? – Are you actually looking to buy a home with a different layout with fewer or more bedrooms? If so is it possible to view one that is nearing completion to get a clearer idea of what you’ll receive. What additional upgrades has the house received? Show homes will generally contain the best fixtures and fittings the developer has to offer and having your own property outfitted to a similar standard could prove to be very costly. Is the furniture full size? – Quite often developers will use 3 quarter size furniture to make the houses appear larger than they are Choose a good solicitorGood legal advice is essential when making any purchase of this magnitude and whilst many builders will offer free conveyancing services as part of their package it is nearly always preferable to seek independent legal advice that you know will represent your best interests. If your representative has been provided by a party with a vested interest in the sale, you may not realise you haven’t been kept fully informed until it’s too late. SnaggingSnagging is the process of finding the small faults that are inevitably left during any build with an eye to getting g them rectified prior to taking over the property. Typically undertaken once building is complete and around two weeks prior to handover, accurate snagging is essential to remove any minor niggles that could otherwise impair your initial ownership of the property. It is possible to either compile the list of faults yourself, or hire an snagging company to undertake it for you, but either way it is important that this inspection is thorough, with a written copy of the finished list provided to the site manager. Once the process is completed it is equally important to ensure that everything on your snagging list has been completed to a satisfactory level. Whilst the information contained in this article is not an exhaustive list of what you need to consider when purchasing a new home, it should provide a good starting point of the key areas to consider prior to making what could be one of the largest investments most of us will make.
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