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10 benefits of buying a new-built property

If you are thinking of buying a home, you may be undecided on whether to opt for a new-built or an older property. To help you make the right decision, we will dedicate this article to list the top 10 biggest advantages that you can enjoy if you choose the first option; a newly constructed home.

1. No need for updating

Newly constructed homes don't require any repairs or refurbishment as they've just been built recently.

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2. Ready to move into

In relation to the previous point, these houses are generally ready to move into from the moment the contracts are signed.

3. Greater tranquility

With rare exceptions, the vast majority of new houses are a little further away from the cities, which means less noise, less difficulty finding parking and, ultimately, peace of mind and better quality of life.

4. More energy efficient

Brand new homes have been built based on the new guidelines concerning energy efficiency laws and, therefore, are able to make better use of natural resources, which means less spending on electricity, gas, etc.

5. Additional services

Generally, new properties are often built in the middle of housing estates that often have gardens, playgrounds, swimming pools, sports areas and ultimately offer many extras for added comfort.

6. Lower tax burdens

Many local authorities, in order to encourage new housing construction, are offering discounts and services related to various types of tax subsidies. In fact, these houses are only taxed at 10% instead of 21% that applies to others.

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7. New houses come with a garage and storage

Today, almost all the homes that are being built have storage and garage, which is a great advantage over older properties.

8. Very competitive prices

Since 2008, the number of new constructions has declined by around 50%, which has led to a decrease in the price per square metre and various building materials.

9. Home builders warranty

The construction companies of new houses provide a building warranty for a certain period of time.

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10. The motivation that comes with a brand new house

Turning a house into a home for the first time is a really appetising experience that gives the new owner lots of motivation.

If you are looking for a new home in which to live on your own or be in the company of your friends, you must know that, right now, the luxury real estate Engel & Völkers Madrid have a large selection to choose from. Therefore, if you have questions or want a little guidance, please contact us. We will be happy to assist you in everything you need.

Engel & Völkers

Génova, 27 - 5th floor
28004 Madrid
+34 91 277 45 00

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