10 October 2023

How a new build home can save you money during a cost-of-living crisis

Everyone is feeling the pinch from the current cost-of-living crisis in the UK. With energy, fuel, and food prices hitting record highs, everyone is looking for ways to save cash in a struggling economy. 

Because of this, many renters and property owners are looking to buy newly built homes in a bid to save on their monthly bills.  This is because a new build home can offer several benefits to help you save money in the long run. New-builds are an excellent option for first-time buyers, second-steppers, and families looking to save money during an uncertain economy.

If you are considering buying a new build home in Scotland, keep reading. This blog will explain how this decision could save you money during the cost-of-living crisis and why it could be a great investment opportunity for you and your family. 

The current cost of living crisis

In May 2023, inflation rose to 6.5 per cent- the highest it has ever been since November 1991, which had increased sharply between 2021 and 2022. The UK is not the only country struggling with rising costs, and many global factors have pushed up the cost of living, including disruptions to supply chains during the worldwide Coronavirus pandemic, the climate crisis, and the war in Ukraine. 

We can safely assume that during the remainder of 2023, the UK’s annual inflation rate is forecast to remain low due to a combination of statistical factors, falling energy prices, and easing global cost pressures.

With concerns escalating about the increasing cost of living, we’ve had an influx of enquiries from buyers keen to understand how a new build home can save them money. From energy efficiency to water-saving tips, advanced heating technology and more, we break down how this is possible.

How a new build can save you money during a cost-of-living crisis 

There are many ways new-build homes can help to save you money during an ongoing cost-of-living crisis. 

High-quality insulation 

With high-quality insulation and properly insulated walls, new-build homeowners benefit from cutting costs by saving energy.  NHBC technical standards require all new homes to meet a minimum insulation standard for walls, roofs, floors, and windows. 

High-quality insulation keeps your home warmer for longer, while in old houses, draughts and poor insulation can mean you quickly rack up expensive heating bills.

Energy-efficient lighting

Energy-efficient lighting uses at least 75 percent less energy and lasts up to 25 times longer than incandescent lighting.  New build developments are often equipped with energy-efficient LED lighting to help you save money on your energy bills while lowering your carbon footprint. 

What’s more, LED light bulbs have a longer life expectancy than incandescent bulbs, meaning you can also save money by buying fewer light bulbs.  At Muir Homes, our properties are 30% more energy efficient & CO2-friendly than homes built before 2010 and 50% more energy efficient & CO2-friendly than homes built before 2007.

No repairs and maintenance costs

Older homes require regular maintenance and repair work. Not only is this inconvenient, but it is also expensive. New builds are made from durable building materials and innovative construction techniques. This ensures your home requires minimal repairs and maintenance. 

Additionally, new build homes are often sold with a warranty covering structural components and appliances, so if something goes wrong or needs repairing, you won’t be out of pocket.  At Muir Homes, all our homes come ready with a ten-year warranty and resolution service from the NHBC, providing you with peace of mind during and after your purchase.

Double glazing

New-build homes usually feature double-glazed windows as standard. This is to enhance insulation and noise reduction. 

Double-glazed windows help keep a comfortable and cosy temperature indoors by preventing heat from escaping. 

Single-glazed windows are often found in older homes and are notorious for heat loss and draughts. Moving to a new build could save you hundreds on your energy bill if you live in an old house.

Why choose Muir Homes? 

At Muir Homes, we are a family-run business that has been building luxury homes in Scotland since 1973. 

With over 50 years of experience in building happy communities and new homes in Scotland, we are committed to delivering a customer experience like no other. 

Our focus is on innovation and development so you can find your dream home in the ideal location at the best price. 

Our building expertise has given us insight into what home buyers desire to ensure our homes appeal to first-time buyers entering the housing market and discerning clients seeking something special. 

With an extensive range of high-quality new homes available in several carefully chosen locations and various styles, Muir Homes has the perfect home waiting for you and your family. 

Get in touch today to find your home and join the already thousands of delighted customers we have delivered home to over the last 50 years. We look forward to helping you achieve your home-owning dreams.