Escape the rising cost of living with a new home

Date: Thursday 26 December 2013

Taylor Wimpey - Thermal Imagery

Discerning purchasers will see their cost of living drop significantly by moving into a brand new home when compared with the running costs of an older property.

The average household’s dual-fuel energy bill at a new-build property built to current regulations will be 55% cheaper than a typical modernised Victorian home, for example, according to the Zero Carbon Hub. That could equate to savings of around £1,300 a year.

The savings don’t stop there. Buyers who reserve their new house in advance can ensure their dream home suits their individual taste as they can choose from Taylor Wimpey’s extensive range of interior Options, including kitchens and bathroom suites, tiles, flooring, fixtures, fittings and accessories.

House-hunters who buy new could also save on costly repairs and maintenance bills. Research by the Royal Institute of Chartered Surveyors revealed people have found themselves facing average repair bills of £5,750 to their previously-owned home by failing to get a proper survey.

Furthermore, the typical household spends on average £716 a year on home repairs and maintenance – an expense which purchasers of a brand new home can happily avoid.

Kevin Belsham, UK Sales and Marketing Director for Taylor Wimpey, says: “Buying a new home is the biggest purchase we ever make, so the savings that add up from buying a new-build home compared with an older property can really make a difference.

“Not only does buying new add up financially, but purchasers can enjoy the benefits of expert help and advice from our Sales Executives throughout the entire moving process.”

According to research by the Zero Carbon Hub published in May 2012, a new-build four-bedroom detached home built to 2010 regulations could be 55% cheaper to run than an upgraded Victorian property with 200mm loft insulation, double-glazing to half of all windows, a 72% efficient (non-condensing) gas boiler and insulated hot water cylinder, saving £1,312 a year.

A Royal Institute of Chartered Surveyors survey in April 2013 found that homeowners who did not take out a home survey are left with an average of £5,750 in repair bills, while research by Halifax published in January 2013 found that the average household spends £716 per year on home repairs and maintenance.

All Taylor Wimpey homes are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with integrated oven, hob and hood and are backed by a two-year warranty and a 10-year guarantee from the National House-Building Council.