New build standards are slipping
Buyers are commonly buying older properties due to issues of shoddy workmanship and small rooms in the current batch of homes.
Kim Vernau, chief executive officer, BLP Insurance, said: “With house prices in the UK on the rise, consumers are becoming much more aware as to the type of home they want to invest their hard earned cash in.
“New built homes must be high quality builds with the requisite space and light desired along with low maintenance costs and energy efficiency requirements.
“With activity in the construction industry on the increase as local authorities and developers attempt to meet the housing shortfall, there is a real risk that building standards will slip. Consumers want peace of mind and reassurance that the home they are purchasing is fit for purpose and built to last rather than simply chasing a house-building statistic.”