Building for the future
At Hartford we try to be as far sighted as possible to ensure our properties tick the boxes before we even consider going to the market...
While the credit crunch may have begun in 2007, it did not impact on the IOM property market until the summer of 2008, and by the autumn, mortgages and credit had changed beyond recognition. This led to stagnancy in the market and all sorts of terrible economic turbulence. Nine years on and we are very glad to say it really is a much brighter picture across all sectors, be it residential, industrial or commercial.
There are many people who believe that new build properties prevent second hand properties from selling, when in reality this is just a pricing difference and a global change in attitude. A large proportion of people do not want the hassle of modernising a property aesthetically or structurally, and even in a 3 bed semi built 10 years ago aesthetic changes can cost uptowards £30k. Those that are happy to DIY or pay for the updating generally want to see the cost reflected in the sale price and this can lead to properties sitting on the market where owners and buyers are at an impasse. In fact in the UK the pressure is on to provide more new build housing as it is widely regarded as the antidote to help reduce houseprice inflation and provide more choice.
It has to be remembered that the new build sector remains the smallest part of the general housing market contributing to perhaps 5%-10% of annual sales so it is hardly to blame for somebody’s home not selling. The new build developments do sell out though and that is a reflection that the price point and specification is meeting general demand and aspiration.
At Hartford we try to be as far sighted as possible to ensure our properties tick the boxes before we even consider going to the market. For instance, at present we are investigating the provision of electric vehicle chargers with our properties as well as fiber optic cable direct to your home to improve broadband speeds. Superior levels of insulation to reduce running costs as well as ensuring we use direct wiring as opposed to daisy chain cabling (which reduces internet speeds dramatically) have long been standard. We have the benefit of seeing what works in our previous developments and building on to them to meet emerging demands aesthetically and ergonomically, to ensure we remain at the cutting edge of where buyer desire meets realistic price.
In many cases the key to successful new builds is the ‘wow’ factor and kerb appeal, with open plan, fully fitted kitchens and quality bathrooms still leading the way. For this reason, for over 10 years, we have predominantly used Villeroy&Boch and Hansgrohe, complemented by large walk in showers and quality tiling. However, large format glazing and bi-folding doors or large sliders have become an increasingly important draw. The other huge benefit of buying new is the ability, if you purchase early enough in the build process, to choose from our selection of choices and upgrades which range from kitchen finishes to floor coverings and paint colours.
Above all, the single biggest difference you get is “us”: Hartford Homes, one of the most trusted and liked developers on the Island. You get our award winning team offering you a highly personal service from reservation through to after sales. At completion you don’t get the keys from your lawyer, you get a personalised handover meeting at your new home where we induct you into its use and maintenance requirements, jointly reading meters and giving you the exhaustive handover pack. From there we are available for up to 10 years to deal with issues that may arrive and all of this is fully insurance backed by the NHBC, of whom we are one of the few A1, no claims, rated members.
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