Purchasing a property, especially if it’s your first home, is a big life decision. And just like all major steps in life, you want it to be the best, and you want to make a smartnand informed decisions about it. With umpteen options in the market, the starting point to this decision would be to decide between a pre-owned property and a new build Property.

Older properties have the risk of maintenance problems that may not be visible until you start living in them. In new-build properties, every element is brand new and spotlessly clean. This is definitely a major plus for many.

What else makes it an attractive option and not one to be dismissed lightly?

What are the benefits of purchasing a new build property?

While an old property may be more value for money from an immediate perspective, a closer look at the pros of a new build property may deem it more valuable in the long run. Here’s a quick look at the benefits of owning one.

• No chain

As you buy directly from the developer, there is no risk that the seller may not live up to his or her side of the deal. Once your finances are sorted, the purchase process can be completed, taking away a big part of your stress in the moving process. However, once you have finalised the purchase, the developer may set a definitive deadline for you to complete the process. It can add pressure if you have a property to sell to fund the new purchase.

• Lesser maintenance

New build properties are built as per the latest regulations and have to follow specifications. This may guarantee no repair and maintenance work for quite some time. There is also a 10-year maintenance warranty from NHBC or National House Building Council, which covers structural defects, if any, of the building. There may also be an additional warranty that covers white goods like fridge or washing machine that’s been given by the builder.

• Customise the finish

If you have confirmed a property, you may be able to customise the inside as per your choice. Apart from choosing the type of flooring or colours, you may even be able to make minor layout changes. These will help to make the property more your own and personalised.

• Energy efficient

Newer properties are built using energy optimisation methods, like insulation and central heating. These aid in reducing environmental damage and also help in reducing heating bills.

• Better choices

New build properties are built to cater to the needs of modern buyers. In tune with modern lifestyles, you may find that balcony perfect for barbeques or fabulous views on a top floor in one of these residential developments.

However, bear in mind that it may be harder to get a mortgage approved if you are looking to take that route. Also, you will have to rely on a show home or your imagination to picture the completed structure while making your decision.

But a new build property could be a perfect choice if you want something as per modern standards, and you do not want something pre-owned.

Glentree can help you find the new build properties as per your needs. We have an extensive list of properties available for sale and rent, and we’re constantly adding new ones.

The housing market is facing a shocking slump due to a shortage of stock. And with rising mortgage rates, buyers may be hesitant to take the plunge now, which could be alarming for those considering the sale of their properties. However, there will be people looking to sell at a fairly decent price.

From the previous number of 1.2 million in-house sales in 2022, the authorities expect the number to drop further to about one million in 2023. However, there are sellers in the market who are adapting to the change with price readjustments and increasing their selling time.

How to get the best prices when selling?

There would still be buyers looking for spaces that will support their work-from-home requirement or retirement plans, or even energy-efficient facilities. Here are a few tips from Glentree to leverage the new age supply and demand climate in the real estate market.

• Choose a credible agent.

Choose an agent who understands the change in the market and the buyer demographic. He or she should be one who’s riding the social media wave to fuel engagements online for your property with potential buyers. Apt PR and professional images is key, so an agent who is willing to invest in these is ideal. You can even consider combining the assets of local agents with someone with international exposure to balance exposure and catching attention.

• Price sensibly

Competitive pricing is extremely important so that your property doesn’t look unattractive when potential buyers are scrolling through options. Opt for realistic pricing to attract the right buyers, not those offering lower quotes. Compare prices with those that are already in the market. If they have been listed for too long, that’s your cue that the pricing may not be right. It will also give you an idea of what you are competing against.

• Make your property presentable.

Illustrate your property at its best. Buyers may view it in person and through photos several times before choosing it. And they may be looking for defects to ensure they don’t get caught with surprises after purchasing. So ensure you tidy up and do the pending repairs, if any, before listing. Be it in person or in photos, your property should be attractive and free of potential issues every time someone views it.

• Include relevant information.

Instead of making it sound fancy, include relevant information like proximity to a school or metro station, recreational park, wide and clean roads, access to healthcare, etc. Buyers may also look at the state of the infrastructure and future plans for the same.

• Get paperwork on track.

Keep your paperwork in place to avoid delays once the sale is finalised. Keep your completion certificate, building regulations, planning permissions, listed building consent and other relevant documents ready. Also, check that your property is registered with the online registry and resolve pending legal matters, if any.




Here are a few additional quick tips-

• Check on your mortgage. If it isn’t portable, you may have to pay a penalty for a transfer or additional purchase.
• Keep your next move ready. It may work best if you are ready to move to your next home immediately.
• Give priority to cash buyers, as they may make the transactions faster.

Selling a property can be a complex and stressful process, so it’s important to seek professional assistance. Glentree is a trusted name in real estate with a wealth of experience and expertise in the selling process. Glentree can help you navigate the market, identify the right buyers, and negotiate the best deal for your property.

Although Build to Rent is comparatively a new concept, it has been in the real estate market for a couple of years now. BTR refers to developing properties that are meant for the sole intention of renting and not for long-term ownership.

The BTR concept was introduced in 2012 as part of the Olympic Games, following which many new rentals were developed based on the idea. Many of these even have backing from the government’s Home Building Fund.

How is Build to Rent properties different?

The Build to Rent concept has been increasing in popularity as the rental market, in general, has been becoming more popular. More people may be turning towards renting due to a lack of for-sale properties that are affordable or better-quality rentals. Increasing mortgage rates may also account for the change in preference.

Responding to the requirements in the property market, more developers are opting for BTR developments to cater to the lifestyle preferences of renters.

– These homes are being designed as per modern living standards.

– Some of them even exceed expectations provided the renter can afford the rents being asked for.

– Developers are trying to develop mini-communities, including communal areas for tenants to socialise and hang out.

– Other features include gyms, lounges, game rooms, and even a concierge in some properties.

What are the benefits of Build to Rent?

In providing a new standard of living, Build to Rent properties provide many benefits for tenants:
– They are available at various price points, thus catering to budgets of all kinds of letters and renters.

– These properties and resulting communities cater to all segments of people, from a young couple looking to start a family to a senior citizen looking for a peaceful space to retire and live in.

– Buying in prime city areas is expensive. BTR is a solution for this requirement with prime locations and close proximity to grocery stores, work, tube stations, nightlife etc., in addition to gorgeous city views.

– BTR management will be keen on retaining clientele, so any issues regarding maintenance and complaints will be attended to immediately.

-These are meant for long-term income. In order to retain the long-term interest of tenants and the community, developers will sustain top-quality public spaces and commercial spaces in and around the property to attract more occupants.

Can Build to Rent properties be sold?

As it’s a new segment, there is no clarity for now if these developments can be bought and sold. If they are a means of consistent rental income for investors, rules and regulations may be put forth, considering it as a separate segment in the real estate market.

However, planning authorities should bear in mind that build-to-rent developers would want a certain level of flexibility and time to respond to market conditions. Exit clauses that aren’t favourable will impede development. Also, affordable housing shouldn’t be at risk due to the sale of BTR properties.