The price of not buying new? It could be as much as £50,000!

It’s New Homes Week and once again we are working alongside the HBF to highlight the many benefits of buying a new build home.

As part of the campaign the HBF has carried out new research which has found that the cost of upgrading an older property to the same standard as a new build home could be as much as £50,000.

New Homes Week aims to highlight the many benefits for consumers of buying a new build home. From living in an energy efficient home that could save you hundreds of pounds on your utility bills each year, to the brand-new fixtures and fittings that come as standard, buying a new build home offers many advantages when compared to buying an older property.

The research looked at the work that might have to be carried out when people move into an older home, and what would have to be done to a home to bring it up to the standards of a new property which also comes with a warranty protecting the buyer from liability on structural problems within the first 10 years.  Whether it’s the price of buying and fitting a new kitchen (£7,900) or having a house rewired (£8,850), the costs for people moving into an older home can quickly mount up.

For a homeowner who wants to get the same standard of finish and functionality they could expect from a new build home, the cost could be up to £51,643 a lot of money buy anyone’s standards! This includes paying out for:

• Kitchen - £7,900
• Bathroom - £3,800
• Central heating - £6,185
• Wiring - £8,850
• Plastering - £5,240
• Decorating - £2,500
• Flooring - £2,628
• Insulation - £775
• Windows and doors - £4,900
• Roofing - £4,000
• Guttering - £690
• External rendering - £4,175

And there’s also the benefit which are non-financial but make the while process hassle free. We have been building homes for over 80 years. To find out more about our developments across the UK, visit www.millerhomes.co.uk.