In today’s fast-moving property market, shiny new homes can be tempting. Fresh paint and clean interiors attract buyers. For first time buyers seeking value, a pre-owned home is an excellent choice, especially with Shared Ownership
At Newlon Living, we don’t only sell new homes. We also aid our residents in reselling their Shared Ownership properties. These pre-owned homes, or resales as we call them, can often be a better option than new builds. They can provide better affordability and speedy completions. Plus, they offer the stability of a thriving community.
More for your money
One clear benefit of buying a resale home is the price. New builds often come at a premium, while resale properties are typically more affordable. This means you may be able to purchase additional equity with affordable monthly payments and reach outright ownership faster. This is known as staircasing.
What you see is what you get
Buying a resale home means entering a space that someone has already lived in. This may seem like a downside, but it can be a plus. With a resale, you can experience the property as a real home. You’ll notice how light fills the rooms, how the layout fits daily life, and what the community is like. Unlike new builds, it gives the opportunity to speak to the vendor to learn about the local area. You can see how they use their living space for furniture and understand their current costs, like gas, electricity and council tax.
Less Waiting
New builds sometimes have long completion times. You might face construction delays and have to wait before you can move in. Buying a resale home encourages regular talks between the buyer and seller. This keeps both parties informed about the sale’s progress. It helps them work together towards a shared goal: agreeing on a completion date. This way, you can successfully plan your move into your new home.
Established communities
Buying a resale home means joining an established neighbourhood. You’ll have real neighbours, mature green spaces, and local shops that have settled in. Places people have called home for years have a unique comfort and character. This is something no new development can quickly replicate.
Eco-friendly and economical
Choosing a resale home is also more sustainable. Instead of needing new construction, you’re giving a quality home a second life. This is good for the environment. Plus, many resale properties come with blinds, flooring, appliances and even landscaped gardens.
Where could you live?
Newlon Living provides resale options in sought-after areas of north and east London. The choice keeps changing. You can find homes in vibrant inner-city spots or well-connected areas of greater London. You can find options that suit various lifestyles and budgets. You can usually find good transport links, green spaces, schools and local amenities.
Explore Shared Ownership Resales with Newlon Living
Newlon Living’s Shared Ownership resales provide a smart, more affordable and quick way to own a home. This option suits both first time buyers and those wanting to move within London.
Check out newlonliving.co.uk/resales to find homes and move forward with confidence
First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.
