The 1900s and 1930s saw some of the most significant years for property construction in England. So, how does the old housing stock compare to the new?
The Old
In the past, older homes were often seen as more desirable. This was mainly due to their limited availability and locations in well-established areas.
These properties frequently come with larger gardens and more generous driveways, features not often found in newer houses.
Their unique character and historic appeal also tend to help them retain and increase in value over time, sometimes more so than newer homes.
The New
However, preferences are changing. With growing concern for the environment and the rising cost of energy, England’s average bill is currently four times higher than in many other European countries. Modern homes are becoming increasingly attractive, even to traditionalists.
The UK’s move towards reducing carbon emissions and reaching net zero has driven a greater demand for energy-efficient properties.
Newer homes often include features such as improved insulation, modern heating systems and energy-saving appliances.
Times Are Changing
While it is possible to upgrade older homes, reaching the same level of energy performance as a new build can be costly and complicated. As many heat pump owners will attest, these systems do not always deliver the benefits promised.
Shifts in lifestyle are also influencing buying decisions. Many people now prefer homes that are easier to maintain and less expensive to run.
The appeal of a large garden or a property that requires regular upkeep has somewhat diminished, particularly for those with busy lives focused on travel, leisure and convenience.
Older homes tend to feature spacious rooms and higher ceilings, creating a sense of grandeur and offering the aesthetics that many buyers seek.
However, newer homes often make better use of space. Though the rooms may be smaller, the overall layout is usually more efficient and includes features such as additional bathrooms, en suites, utility rooms, fitted storage or balconies and terraces.
One common criticism of new developments is their lack of individuality. Many properties appear similar, which may not appeal to buyers who value distinctive character.
Don’t Forget the Survey!
Ultimately, the choice between a new or older home depends on personal priorities. Whether your focus is on charm and location or efficiency and ease, both options offer benefits worth considering.
Whichever you opt for, be sure to enlist the expertise of a surveyor to carry out a Property Survey before you purchase. This will ensure you are fully aware of any existing issues the property may be hiding.
We recommend a Level 2 Survey for flats and a Level 3 Survey for houses. We also regularly conduct Level 2 Surveys for new builds, although in most cases, the issues found are more akin to construction and decoration snagging. Nonetheless, knowing the facts is still imperative.
If you would like to get an instant Property Survey quote, you can do so in just a few clicks via our website.
