New Build Developments: Saving You Energy and Money

There are many benefits to buying a brand new home, such as better choice, certainty, and being able to avoid seller chains. But one of the largest advantages is the fact that they’re more energy efficient, and as such, new build developments provide owners with significant savings when it comes to their energy bills.

Recent research by Home Builders Federation has highlighted how new homes are cutting emissions, but also saving buyers money. So, not only can you save up to 576,000 tonnes of carbon emissions, but your new property could also be up to 65% cheaper to run when compared to an older property.

Higher EPC ratings

All properties built, sold, or rented in the UK must carry an Energy Performance Certificate, which contains information about a property’s energy use. All homes will receive a rating from A (most efficient) to G (least efficient), and these certificates cover lighting, heating, and hot water.

New homes tend to carry much higher EPC ratings than existing properties. In fact, the study by Home Builders Federation found that 95% of new homes have an energy rating of A-C.

To support the UK in its goal of reaching net zero by 2050, all our Nicholas King Homes have an energy rating of B or higher, and use water saving taps and fittings, A-grade boilers, highly efficient insulation, energy saving lighting and double glazing. Some even use photovoltaic panels to transfer sunlight into electricity, and car charging points are installed to allow you to charge your vehicle on your drive or in your garage.

To help increase potential energy savings, smart meters are also installed to help you monitor usage and control what you spend.

How else can I make savings when purchasing a new build property?

Firstly, the stamp duty changes in the mini-Budget means now that the nil-rate threshold for First Time Buyers’ Relief has increased to £425,000 (from £300,000) and the maximum amount that you can pay while remaining eligible for this relief has increased to £625,000. With the South East’s relatively high house prices, these new bands will benefit you the most.

Nicholas King Homes are currently selling brand new apartments in Berkshire at Abbey Place Mews from £415,000, which means first time buyers will pay zero stamp duty. If you would like to find out more about these properties, please contact us today.

New builds coming soon near you

Nicholas King Homes are committed to building superb new homes that are thoughtfully designed. Each of our developments are carefully curated to complement the local surroundings, preserving the natural beauty of each area.

If you are interested in reserving your brand new Nicholas King home at one of our exclusive developments in Surrey or Berkshire, please contact our sales team on 01494 811823 or via sales@nkhomes.com, or send us an enquiry.

Are you interested in buying a new build development?

We will be hosting our own Mortgage Help Day on November 5, 2022 at our at Water’s Edge.

If you would like to attend, please contact us to reserve your place.