If you’re looking to buy a home in Dubai, there is plenty of options to choose from these days. You could choose an existing property that’s already been lived in, or you could buy new construction home instead.
New construction homes, as the name implies, are brand new and have never been lived in previously. Most of these homes are offered completely built. So, when you buy the home, it will already have its flooring, kitchen cabinets, fitted bathrooms, and the entire layout completed. In other situations, a new construction home in Dubai might also be offered shell and core. This means that the frame of the home exists, but you should decide on the layout. In such situation, you can design the layout of each room. If you’re thinking of buying new construction, here are a few advantages of choosing this option.
The ability to customize your home
Buying new construction often means getting to move into your dream home. When you buy a pre-owned home, you may not like certain features of it, like its outdated kitchen cabinets or chipped floor tiles. A new home often lets you customize the bulk of the details to suit your tastes. Want a kitchen with white cabinetry and stainless-steel appliances? You can have it. Like neutral tones for your walls and flooring?
Some new-construction homes even let you dictate their layout so that, for example, you can choose to put in an extra bedroom versus a bathroom versus a sunroom. That way, you get the home you really want without having to sink money into renovations after the fact.
Lower maintenance costs
Buying new construction often means paying less money in home maintenance for a number of years after moving into that property. The reason? When you have a brand-new air conditioning system, heating system, and appliances, these items are less likely to break down for a while. Similarly, new-construction homes tend to come with more efficient appliances (and if they don’t, there’s generally the option to upgrade them during the construction process), which can lower your utility bills on a long-term basis.
A home warranty
It’s common practice for new-construction homes to come with a warranty protecting you, the buyer, from issues that arise with the property shortly after the fact. You will always be granted a one-year warranty when you buy new home. This means that if your water heater starts leaking six months in, the cost to fix it won’t be on you.
Most important of all, by law, the contractors in Dubai should offer 1 year warranty on the interior fittings of the home and 10 years warranty on the structural components. Also, buyer of new-construction homes benefit from snagging works and if you discover something is not working the way it should, it will be replaced at no cost.
On the other hand, when you buy a pre-owned home, you’re generally stuck fronting the cost for repairs that can hit you right away. And while a thorough home inspection can help you avoid or prepare for that scenario, issues can get missed or overlooked, leaving you on the hook for whatever bills ensue.
Clearly, there’s plenty to be gained from buying new construction, but beware of the costs involved. New-construction homes are often more expensive than older ones, and as such, you’ll need to qualify for a higher mortgage and come up with a larger down payment. Also, your property taxes may be more substantial with new construction than what you’d pay for an older home in the same neighborhood.
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Another thing to keep in mind is that when you buy new construction, the financial burden is often on you to put in finishing touches like blinds on your windows and shelving in your pantry (though this isn’t always the case). If you’re going to buy a brand new home, review your contract thoroughly to understand what items are and are not included. That way, there won’t be any unwanted surprises when you gear up to close on that property.