Advantages of Replacing an Existing Home
Design freedom: A new home can be designed to reflect your individual needs and aspirations.
Increased value: Individual, well-designed, energy-efficient homes positioned within an established community are more desirable and therefore more valuable.
More space: Replacement dwellings benefit from planning policies, allowing significant increase in size and scale.
Lower energy bills: New homes built with high performance building systems are much more energy efficient.
Pay less tax: Community Infrastructure Levy liabilities only apply to the increased floor area and new builds benefit from zero rated VAT. Self-builders can claim exemption from CIL as well.
Easier to find: With an ageing housing stock, replacement plots are easier to find than Greenfield new build plots
Live in the open countryside: Often the only way to achieve a permission outside settlement boundaries.
Less risk: The principle of residential development is already established, so there is less planning risk.
Essential services: (water, gas, electric, telecoms, drainage) are readily available
Unexpected foundation problems: are less likely, as existing buildings display evidence of structural stability or instability
Access: Access arrangements are established