Buying New Build vs Period Property in Scotland

Share

New Build vs Period Property in Scotland

When purchasing a home in Scotland, one of the most important decisions is whether to invest in a new build or a period property. Both options come with distinct advantages and challenges, and the right choice largely depends on personal preferences, lifestyle, and budget. This blog will explore the pros and cons of buying a new build vs period property in Scotland, helping you make an informed decision.

 

What is a New Build?

A new build is a property that has recently been constructed or is still under development. These homes are typically part of larger developments and can range from modern flats to family houses. New builds offer contemporary features and are built to meet current construction standards, often with a focus on energy efficiency.

What is a Period Property?

A period property refers to a building that was constructed during a particular historical period, typically before the mid-20th century. In Scotland, period properties include Georgian, Victorian, and Edwardian homes, as well as older stone cottages. These homes are known for their unique architectural features, character, and historical significance.

 

New Build vs Period Property

 

Pros of Buying a New Build in Scotland.

Energy Efficiency:

One of the key benefits of choosing a new build vs period property is energy efficiency. Modern homes are designed with advanced insulation, double or triple glazing, and energy-efficient heating systems. In a country like Scotland, where cold winters can drive up heating bills, a new build can make a significant difference. These homes meet the latest energy performance standards, which not only reduces utility costs but also helps lower your carbon footprint.

Lower Maintenance Costs:

A new build property comes with brand-new appliances, fixtures, and fittings, which are less likely to require repairs in the first few years. Many new builds also come with a 10-year warranty from the builder, giving homeowners peace of mind. In contrast, a period property may need ongoing maintenance to address issues like dampness or outdated plumbing.

Modern Design and Layout:

New builds are designed with contemporary living in mind. Open-plan layouts, en-suite bathrooms, and integrated kitchens are common features, making them ideal for buyers who prioritise modern conveniences. Unlike period properties, which may have awkward layouts or smaller rooms, new builds are optimised for today’s lifestyle needs.

Customisation Options:

Many developers allow buyers to customise elements of a new build, such as choosing kitchen finishes, bathroom fittings, and flooring. This gives you the chance to personalise your home before moving in, something that isn’t usually possible with a period property unless you undertake significant renovations.

Government Schemes:

Several government schemes are available in Scotland to help buyers purchase a new build, such as Help to Buy and First Home Fund. These schemes are often aimed at first-time buyers and can make it easier to secure a mortgage or access financial support when buying a new build vs period property.

 

New Build Property investment Scotland

 

Cons of Buying a New Build in Scotland.

Higher Purchase Price:

New builds often come at a premium compared to period properties. Developers tend to charge more for new homes due to the modern amenities, energy efficiency, and warranties they offer. Although you may save on maintenance costs, the initial purchase price can be higher than for a similar-sized period property.

Settling Issues:

As new builds are freshly constructed, they may experience “settling” in the first few years, which can lead to minor issues like cracks in the walls or doors that need adjusting. While these are usually covered by the builder’s warranty, they can still be an inconvenience.

Smaller Plot Sizes:

New builds in Scotland, particularly in urban areas, are often built on smaller plots compared to period properties. Gardens and outdoor spaces may be limited, and new developments can sometimes feel crowded. In contrast, period properties often come with larger gardens and more privacy.

Lack of Character:

While new builds offer convenience, they can lack the character and charm that many buyers seek in a period property. Features such as original fireplaces, high ceilings, and ornate cornices are rarely found in new builds. For those who value traditional architecture, a period property may be more appealing.

 

 

 

Pros of Buying a Period Property in Scotland.

Character and Charm:

One of the main reasons buyers opt for a period property vs a new build is the character that comes with older homes. In Scotland, period properties often feature unique architectural details such as sash windows, bay windows, and intricate cornices. These homes have a sense of history and individuality that is hard to replicate in a new build.

Spacious Rooms:

Period properties tend to have more generous room sizes compared to new builds. High ceilings, large windows, and spacious living areas are typical features, giving these homes a sense of grandeur. This can be a significant advantage for families or those who enjoy having larger living spaces.

Established Locations:

Many period properties are located in well-established, desirable neighbourhoods in Scotland. In cities like Edinburgh and Glasgow, period homes are often found in areas with mature trees, parks, and well-developed infrastructure. These locations may also offer better access to amenities and public transport compared to newer developments.

Investment Potential:

Period properties in sought-after areas tend to hold their value well, and with proper maintenance, they can even appreciate over time. Buyers who invest in restoring and maintaining a period property can often see a significant return on their investment.

 

Period Property investment Scotland

 

Cons of Buying a Period Property in Scotland.

Higher Maintenance Costs:

The biggest drawback of a period property vs new build is the maintenance required. Older homes often need repairs to address issues such as damp, outdated electrics, or roofing problems. Maintaining the character of a period property can also be costly, particularly if the home is listed or located in a conservation area, where specific regulations must be followed.

Lower Energy Efficiency:

Period properties tend to be less energy-efficient than new builds. Features like single-glazed windows, lack of insulation, and old heating systems can result in higher energy bills. Retrofitting a period property to improve energy efficiency can be expensive and may involve significant work.

Planning Restrictions:

Many period properties in Scotland are listed or situated in conservation areas, which means that any renovations or extensions must comply with strict planning regulations. This can limit what changes you can make to the property and may increase the cost of renovations.

Period Property investment Scotland

 

Final Notes.

When weighing up buying New Build vs Period Property in Scotland, the choice ultimately comes down to personal preference and priorities. New builds offer modern amenities, energy efficiency, and lower maintenance costs, but often come with a higher initial price and less character. Period properties, on the other hand, provide charm, spaciousness, and the potential for appreciation, but may require ongoing maintenance and higher energy bills. By considering your lifestyle, budget, and long-term goals, you can choose the option that best suits your needs.

 

Get in touch

Here at Cox and Co, our property experts can answer any queries you may have on investing in property in Scotland and will happily walk you through each step of the way tailored exactly to your investment needs. Get in touch with us here. We would love to hear from you!

Related Posts

Want to learn more about our services or arrange a call?

Complete this form to receive the Home Report