It's a Good Time to Buy a New Home

Banks and building societies have effectively scrappedmaybe cautious about buying a new home, but if you
the traditional ' new homes premium ' in theirtake everything into account, now is the right time
mortgage valuations- that's the extra price for ato buy.
square foot of space that buyers were previouslyHere are five reasons why:
willing to pay on the assumption of no repair bills and1. The selection of new homes available is fantastic.
lower energy bills.From detached homes, semi-detached homes,
Nobody doubts, either, that the building industryapartments, townhouses etc.
needs a massive boost, having scrapped tens of2. There has been a reduction in house prices. That is
thousands of jobs. Sales of new homes mightgreat news for all buyers, especially first-time buyers,
struggle to reach 75,000 in 2009, while starts maywho can reap the benefits of a depressed market
shrink as low as 60,000.and get onto the housing market ladder.
Many builders will only finish sites already started by3. The interest rates are very low in Britain. For
making block sales to housing associations funded bypeople having no problems getting a mortgage
Government money. A recent survey shows thatmakes buying a new home a much more affordable
nine out of ten people still believe buying a home is aoption, especially for first-time buyers.
sensible investment. There is an improvement in4. With rising energy costs, it's good to know that
mortgage availability, prices have dropped, property isnew-built homes are more energy efficient than ever
more affordable and builders have seen a steady butbefore.
modest increase in sales over recent months.5. Owning a new home is a great investment as
The present concerns about the economic downturnregards personal wealth and financial security.
and repossessions is understandable and buyers