How much do you lose on a new build house?

How Much Do New Builds Lose in Value? New build houses have been known to lose value by over 7%. However, the extent of the loss in value does not represent the entire picture. As well as the loss in value, you need to take into account that you may have lost out on a price increase if you had purchased an old home.

slothmove.com - Do New Builds Lose Value? | Buying New Build Properties UK - SlothMove

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Generally, new builds are initially sold at a premium. This is because, as the buyer of a new build property, you will be the first person to live there. You’ll benefit from a building that has been constructed to the latest building and energy efficiency standards which means you should pay less in upkeep and bills in the following years of living there. Unfortunately, however, when you move into your new build home, the property will suddenly lose its ‘new build’ status. Therefore, when it comes to selling your house, you won’t be able to sell it at the new build premium price. And, if you sell your property within a few years of purchasing it, it is likely that the ‘second hand’ house prices in your area won’t have increased enough to get your money back, let alone make any extra. However, if you’re planning on living in your new build home for a number of years, it’s likely that you won’t notice this small drop in value. Like all financial investments, the value of a property can go up or down, but if you take a long-term approach you can usually time it right and avoid any significant losses. The best way to avoid your new build property losing value is to do your research. Look into what sort of price similar older homes in the area are selling for, how much more expensive a new build is and how house prices, in general, have grown in the area over the past few years. Luckily, though, housing trends like this might not have that much impact if you are taking a longer-term view. For example, new build properties have the benefit of being more energy efficient, making them cheaper to run and more environmentally friendly. So, ultimately, the question of do new builds lose value isn’t as straightforward as it might first seem.