New builds are typically in better condition than older properties, meaning lower repair and maintenance costs per year. They are built to modern specifications and regulations, so they will be more energy efficient. You’re able to consult with the builders for anything you want done to the build if it’s still in progress. New builds don’t have owners in them, so you avoid the house you’re buying being part of a property chain. Typically, new builds are more expensive than older properties. Mortgage lenders are stricter on providing mortgages as they’re seen as having an increased risk to have the property value fall in the early years. Due to this, they can demand higher deposits. If you’re buying an off-plan property, then you might experience delays if the construction gets held up.