Sunday, December 3, 2023
Buyers Guide4 Compelling Reasons to Choose a New Build Home in the Shared...

4 Compelling Reasons to Choose a New Build Home in the Shared Ownership Market

If you’re a first time buyer looking to enter the property market, Origin Housing, the First Time Buyer Readers’ Award winning housing association, has some valuable insights to share. In this article, we’ll explore four compelling reasons why a new build home might be the ideal choice for you, especially in the shared ownership market.

1. Modern Amenities and Features

One of the most enticing aspects of new build properties is the array of modern amenities and features they offer. Developers go the extra mile to create spaces that cater to contemporary lifestyles. Here at Origin Housing’s flagship development, Harrow and Wealdstone Heights in north west London, you can expect:

  • State-of-the-art technologies
  • Energy-efficient appliances
  • Innovative design elements

These features are designed to enhance convenience and overall quality of life. Residents at Harrow and Wealdstone Heights can also enjoy a communal roof terrace with a stunning vista of London’s skyline, making it the perfect spot for unwinding after a long day. Moreover, the new central public realm provides access to landscaped green spaces, play areas, and mature planting.

2. Reduced Maintenance and Repairs

Purchasing an older property often comes with the potential burden of repairs and maintenance. In contrast, new build properties are constructed with the latest materials and techniques, minimizing the need for immediate fixes. Origin’s homes come with:

  • A two-year defects period
  • NHBC warranty covering structural issues

This assurance allows you to enjoy your new home without worrying about unexpected costs commonly associated with aging properties.

3. Energy Efficiency and Sustainability

In an era where environmental considerations are paramount, many new build properties in London are designed with energy efficiency and sustainability in mind. These homes are built to meet or exceed stringent building codes and green standards, resulting in:

  • Reduced energy consumption
  • Lower utility bills

Features such as double-glazed windows, advanced insulation, and energy-efficient heating and cooling systems contribute to a smaller carbon footprint. Harrow and Wealdstone Heights, as an environmentally forward new development, incorporates several eco-credentials, including a ground source heat pump and solar panels to power communal lighting, keeping costs low for residents. By choosing a new build, you’re not only investing in your comfort but also making a positive impact on the planet.

4. Dedicated First Time Buyer Support

For first-time buyers in the capital, there are schemes designed to help you take your first step onto the property ladder, specifically tailored for new build homes. At Harrow and Wealdstone Heights, all 81 apartments are available through shared ownership, a Government-backed scheme that enables you to:

  • Buy a share of a home
  • Pay a reduced rent on the remaining share

One fantastic perk of this scheme is the opportunity to secure a home with a much lower deposit, often as low as 10% of the share value. For example, to buy a 25% share of a one-bedroom apartment at Harrow and Wealdstone Heights for £81,250 (full market value: £325,000), you would need a deposit of just £8,125. However, before making a decision, it’s crucial to conduct thorough research and consider your budget and lifestyle needs. Whether you are a young professional, a couple, or a family, a new build in London could suit your every need.

In the shared ownership market, purchasing a new build home can provide numerous advantages, from modern amenities and reduced maintenance to energy efficiency and dedicated support for first time buyers. Origin Housing’s Harrow and Wealdstone Heights development exemplifies these benefits, making it a compelling option for those looking to step onto the property ladder.

Origin is currently marketing a collection of one and two bedroom shared ownership apartments at Harrow and Wealdstone Heights, which are available to move into right away. To find out more, visit Origin Housing’s Harrow and Wealdstone Heights.

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