RENT or BUY Your New Home

It’s the age-old question:
Should I RENT or BUY?

The answer can be complex ... Whether you RENT or BUY depends on your unique lifestyle needs, financial situation, job situation etc... 

BUT...What If We Showed How YOU Could Be £18,580.86 Better Off BUYING Rather Than RENTING?

If you've ever thought buying your own house ... look again as with Axminster Homes 'Cash Back' and the Governments 'Help to Buy' the cost is almost the same ... yet BUYING your own home gives you a massive advantage of building equity ...ie you keep the deposit and your home will grow in value each and will almost repay the cost of your mortgage repayments.

The comparison chart below list the costs over 24-months for RENTING and BUYING, then shows the difference between the two in the middle.  

RENT or BUY Comparison 

RENT

NEW 2 bed home

RENT DEPOSIT COSTS

Deposit... £1,012.50

Agents fees... £386.00

Deposit ... £1,398.50


MONTHLY CHARGES
RENT x 24-MONTHS

£16,200.00

(£675 / Month)


TOTAL PAID OUT AFTER RENTING 24 MONTHS

TOTAL ... £17,598.50


RESIDUAL OR RETURNED MONEY AFTER RENTING 24-MONTHS

Deposit returned... 
£1,012.50

TRUE COST AFTER RENTING 24-MONTHS

 RENTING ... £17,598.500

Residual... £1,012.50

COSTS YOU £16,586.00

Cost over 24-Months Renting

THE BIG DIFFERENCE

The difference in COSTS TO YOU!

YES...BUYING Costs MORE ... Upfront!
-£6,208.50


The DIFFERENCE Starts with lower monthly payments 

MORTGAGE Costs LESS ...
+£3,168.00


SO...Over 24-Months with BUYING you payout just a little MORE
-£3,040.50


THE BIG DIFFERENCE!
BUYING CREATES EQUITY IN YOUR HOME... COMPARED TO RENTING!  SO YOU COULD BE SAVING...  

+£21,621.18

BUYING COULD SAVE YOU

£18,580.68

 COMPARED TO RENTING OVER 24-MONTHS

It PAYS to BUY!

BUY

NEW 2-bed Apartment

BUYING DEPOSIT COSTS

Sub Total ... £12,805.50

- CASH BACK*... £5,198.50

Deposit... £7,607.00


MONTHLY CHARGES
MORTGAGE x 24-MONTHS

£13,032.00

(£543 / Month)


TOTAL PAID OUT AFTER BUYING 24 MONTHS

TOTAL ... £20,639.00


RESIDUAL OR RETURNED
MONEY AFTER BUYING
24-MONTHS

Deposit & 80% Equity Retained In Your HOME After 24-Months...
£22,633.68

TRUE COST AFTER BUYING 24-MONTHS

BUYING ... £20,639.00

Residual... £22,633.68

COSTS YOU
-£1,994.68 

Savings made from BUYING over 24-months (Cost - Residual value in home)

NOW WITH ‘HELP TO BUY’ … BUYING IS CHEAPER THAN RENTING

Getting your first step on (or even step up) the property ladder can be so hard …  NOW with the Government's ‘Help To Buy’ scheme its made it so easy for you by reducing your deposit from 25%-30% down to just 5% DEPOSIT!    To make it super easy ... we are helping you further with the first time buyers 'CASH BACK' deal by Axminster Homes.  We will be helping you by paying... ALL your STAMP DUTY, up to £1,000 off your mortgage fees , up to £1,000 off your LEGAL FEES and £1899.50 CASH OFF your Deposit. 

That's saving you up to an amazing £5,198.50 DISCOUNT.  

Location and timing are everything when making the decision to buy a home. There’s three things to check if buying is right for you...
1: Interest Rates: They are at an all-time-low and any increase would be slow. Any concerns over interested rate increases can be offset by low fixed-rate mortgages. There are currently lots of great offers.
2: House Prices: House prices in Axminster are lower than the houses in many of the surrounding areas. The overall housing costs have steadily increased year-on-year making it a good time to buy.
3: YOUR Situation: Yes… you still need to find a lot of the money upfront, as there are the set-up costs (although we can cover your stamp duty, legal fees) there's still the remainder of the 5% deposit. However, these barriers are lower now and if you can buy you’ll be making money!

First Time Buyers Package

FIRST TIME BUYERS …
Buying YOUR OWN NEW HOME Really has NEVER BEEN EASIER!

Thought You Were Stuck in the ‘HOTEL OF MUM & DAD’ 
Or are you…
Sick & Tired of WASTING YOUR MONEY on RENTING?

NEW HOME prices in Axminster are lower on average than surrounding areas, with all-time-low interest rates, low fixed-term mortgages and deposit of just 5% with ‘Help to Buy’ …NOW IS DIFFERENTLY THE TIME TO BUY YOUR FIRST HOME!

AND we'll give you up to £5,198.50 worth of CASH BACK DISCOUNTS!

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Local Heroes Discount Package

"Are YOU A ‘Local Hero’ Looking For A NEW HOME?  If So YOU Could SAVE OVER £13,700 When Buying A New Home From Axminster Homes"

Being a local building company, part of our commitment to support the people of Axminster we are offering up to £7,797.00 CASH DISCOUNT (or CASH BACK) on top of our £6,000 Home Mover Package to all “Local Heroes” who are serving or have served the community…As Our Way To Say THANK YOU!

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Home Movers Package

Whether you’re looking for a superb new ‘starter home’, a practical ‘downsizer’ or a new 'family home' you’ll find more of what you really want… AFFORDABLE LUXURY with outstanding specification of either the stunning ground floor one bed apartments, the spacious two bed duplex apartments or the 3-bedroom homes at Mitchell Gardens in Axminster.

We know moving home can be hard ... so we want to make it easier for you.  How about £6,000 worth of 'FREE UPGRADES' including the latest energy efficient integral appliances, stylish bathroom fittings and stunning new flooring ... because you've got enough to think about!    

Setting New Standards in Specification


Enjoy entertaining in style with the open plan, Italian inspired designer kitchen, including high-end A-Rated integrated appliances as standard. Or relax in your bathroom, which also makes a luxurious style statement with modern ‘Roca’ sanitary ware with full height tiling.

Axminster Homes – What To Expect As Standard

Being local builder all our homes are built and finished to a very high standard, each benefiting from stunning design, energy efficiency and low maintenance.   Now we're offering £6,000 worth of 'Upgrades' as our standard speciation will make you feel comfortable from the day you move in. You’ll know you’ve made the RIGHT move with these…

DESIGNER KITCHEN & INTEGRATED A-RATED APPLIANCES

Our amazing designer kitchens are 'Italian Inspired' yet built and installed by British craftsmen. The kitchen comes with fully integrated A-rated NEFF appliances including induction hob (with a set of Induction sauce pans), Hood, Double Oven, Fridge/Freezer, Dish Washer and a Washing Machine and Dryer.

SAVE MONEY AS EXTREMELY ENERGY EFFICIENT

Our apartments are extremely energy efficient, constructed with high performance insulation in the walls, under the floor and in the loft all giving you peace of mind your home home will keep you warm in winter and cooler in summer … and will have energy costs up to 32% lower than the average home ... saving you money!

LOW ENERGY LED DOWNLIGHTS IN KITCHEN AREA & BATHROOMS

You’ll find a generous number of sockets and all in the right location. Special low energy LED downlights in the open plan living area, bathrooms, and W.C. Sockets for to connect to TV, Sky and phones in living area and bedrooms. Mains smoke detectors with battery backup.

 FLOOR COVERINGS FITTED THROUGHOUT YOUR NEW HOME

We have installed either beautiful looking and high quality oak flooring or 'natural stone' effect porcelain floor tiles in the open plan living areas. All the bedrooms are carpeted in a soft, yet hard wearing carpet. The bathrooms and W/C’s are fitted with porcelain tiles.

Click on the image below to see our Kitchen KEY FEATURES...

The Italian inspired designer kitchen, fully fitted with a-rated integral appliances, including...

  • Stainless steel A-rated Neff electric oven
  • Neff induction hob (quicker, cheaper & safer)
  • Neff extractor hoodFully integrated
  • Neff A-rated fridge/freezer
  • Neff A-rated ‘full sized’ dishwasher
  • Upstand to match the worktop
  • Bloomberg Large capacity washer dryer
  • Low energy lighting fitted under wall units and down lighters

The bathroom is stylish and allows you to escape with a long soak at the end of the day ... or wake you up with a strong shower. The bathroom includes...

  • White ‘Roca’ sanitary ware
  • Chrome finish taps and shower fittings
  • Natural looking ceramic wall & floor tiles
  • Thermostatically controlled shower over bath
  • Chrome heated towel rail

7 Reasons Why Its Better To Buy A New Home!

NOW You Can Save BIG Money Buying A NEW HOME
…Compared To Buy A Used Home!

1. Blank Canvas – For a Fresh Start

We all love that ‘New Feel Buzz’ we receive from buying and wearing shoes or clothes for the first time.   Of course this increases as we buy nice watches, Jewellery or items like the latest phone, tablet or laptop. For some the ultimate buzz comes from when their driving around in brand new car, the smell and feel is one thing … the pride of ownership is just a whole new level.

Now you can take the ‘new car buzz’ and multiply it by 20 as owning your own brand new Mitchell Gardens home will give you that buzz and lift you, making you feel good every time you arrive home, and walk into your new, fresh, bright and clean, home untouched by previous owners or their dodgy DIY!

With Axminster Homes we allow you to really stamp your own style and personality on your home with our Lifestyle packages.

2. Help To Buy

New home prices have always been ‘keen’ … however demand is pushing the prices up. In Axminster to prices have been stable, however we not sure how long this can last.   Help To Buy from the Government is an amazing deal to allow you to purchase a new home with just a 5% deposit.   Even if you don’t need their 20% loan … it gives you a 20% reduction in interest for 5 year as it’s interest FREE for FIVE YEARS! Axminster Homes are happy to help you with applying for the ‘Help To Buy’ scheme.

Just look at the local rental prices and compare these with paying just 75% of your homes mortgage! Some people are SAVING BETWEEN £300-£600 per month by buying on the Help To Buy Scheme than paying rent. There has never been a better time to get your foot on (or up) the property ladder.

3. Greener Really IS Cheaper

According to David Pretty, chairman of the New Homes Marketing Board (NHMB) “Today’s new homes really are green homes. They are built to the latest environmental standards and are extremely energy efficient, packed with highly-efficient heating systems, double glazed doors and windows, plus high levels of roof, floor and wall insulation. They are on average six times more efficient than existing homes, generating over 60% less CO2 emissions. This reduces energy bills by an average of more than £500 a year!”

Being ‘green’ once meant a lot more work for you and MORE COST … so now how great would it make you feel knowing you home green and efficient while low impact on the local environment, and a bigger smile on your face knowing it has less impact on your bank account?

4. NO chain, NO hassle

Buying a used house one hopes there is no nasty surprises for you once you have moved in as you have paid for the survey and searches before you exchange. However often the big surprise has more to do with the length of people in your chain.   The stress and uncertainty may not be with the people you are buying from, nor the people you are selling to…it can be someone three or four places down the chain. In fact, its usually one of the solicitors that forgot to check on something before going off for a boozy lunch, that can make your chain fall like a pack of cards.

Thankfully new homes come ‘Chain Free’ so you don’t have these hassles.   Once we start your home there is very little to stop us. Only an extra long run of extreme weather can slow us down, and the last few years have not really made much difference to us.

Therefore you can move into a new home as soon as it is complete. We will not make you wait months or keep moving the day you can enjoy your new home.

5. Bigger BANG for your Money

Remember the old saying “You get what you pay for” … we believe this is true. We have found installing the cheaper ‘contractor’ range of kitchens and bathroom suites is a false economy. It takes longer to install cheaper items as we always find faults with them, and as we will look after your home for the next two years, we don’t want to be visiting you every few weeks repairing something.

Therefore you’ll find most new-homes will be built to a much higher specification than the majority of older homes… and with Axminster Homes we go that step further and put in quality items so you really do receive much more for your money!

6. Designed for todays low-maintenance lifestyle

All Axminster Homes new-built homes have been designed and built to the latest high standards and to make the very most of every inch of your home.

Todays lifestyle has changed, we are all too busy ‘working’ or ‘playing’ to be concerned over additional house work or doing a spot of DIY, so all our homes are designed to give you low maintenance living.

The low-maintenance has even moved outside … we often have requests for ‘AstroTurf’ fitted instead of grass so you don’t spoil the few sunny days lawn mowing.

7. Peace of mind

Gone are the days people would buy a new home and start having problems galore form day one, only to find the builder doesn’t care … or indeed is no longer in business.

The government has stepped in and set out rules and regulations that all builders must abide to.  From the moment you place your deposit on an Axminster Homes new-build home your money and your home is guaranteed by a building insurance company called ‘Premier Guarantee International’ who will back up Axminster Homes Two-Year warranty with a TEN-YEAR structural warranty, which covers any major defects to the structure of the property, or in its construction.

So if you act now and reserve a New ‘Axminster Homes’ Home, you’ll receive peace of mind, knowing you’ll be the first to stamp your mark on your home,

16 Mitchell Gardens New 3-Bedroom Home

16 Mitchell Gardens - New Build 3-bedroom House

SORRY SOLD

16 Mitchell Gardens truly unique home which is part of our 5 ‘contemporary’ executive collection.  Individually designed this home looks modest from the front, yet has a great interior size.   At the front is a single garage, with electric door. Above is a large balcony area from the master bedroom to enjoy those lazy weekend mornings.  Inside the modern open plan living with touches of luxury and style everywhere, including a beautiful Italian Inspired Kitchen with Quartz worktops, A-rated NEFF integral appliances, superb oak flooring fitted with underfloor heating.  Upstairs the first two bedrooms have their own balcony and even the outside has a beautiful decking area installed.

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15 Mitchell Gardens New 3-Bedroom Home

15 Mitchell Gardens - New Build 3-bedroom House

BUILT & FULLY COMPLETED ... LAST House Remaining

15 Mitchell Gardens is one of only FIVE new homes are in our ‘contemporary’ executive collection.  Individually designed for modern open plan living with touches of luxury and style everywhere, including a beautiful Italian Inspired Kitchen with Quartz worktops and a island with induction hob, A-rated NEFF integral appliances, superb natural stone effect porcelain tiles fitted with underfloor heating.  Upstairs the Master Bedroom has a stylish ensuite and own balcony to step upon for the lazy mornings.   The open carport has a gate leading to rear garden, which his tufted and has a beautiful decking area installed to enjoy evening meals as french doors lead you back inside the open plan living area.

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14 Mitchell Gardens New 3-Bedroom Home

14 Mitchell Gardens - New Build 3-bedroom House

 SORRY SOLD

14 Mitchell Gardens is one end house of only FIVE new homes are in our ‘contemporary’ executive collection.  Individually designed for modern open plan living with touches of luxury and style everywhere, including a beautiful Italian Inspired Kitchen with Quartz worktops and a island with induction hob, A-rated NEFF integral appliances, superb oak flooring fitted with underfloor heating.  Upstairs the first two bedrooms have their own balcony and even the outside has a beautiful decking area installed.

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How The ‘Help To Buy’ Scheme Works

 

Axminster Homes are please to be part of the The Governments ‘Help to Buy’ scheme, which has been very successful for several years in the UK, helping hard-working people like you take steps to buy your own home. Whether you want to get onto the housing ladder or move up it, ‘Help to Buy’ makes it possible to buy a new-build or existing home priced up to £600,000 with as little as a 5% deposit.

From the image of the three houses above you’ll see the first house shows the selling price of a 2-bedroom apartment in Mitchell Gardens is £189,950.   The 2nd house show that traditionally you’d need a 25% deposit for new home.  With a traditional mortgage you’d have to pay £47,487.50 cash up-front.   The 3rd house show you only need a 5% deposit … which is a much more manageable £9,497.50.  This is because the Governments ‘Help To Buy’ scheme will give your mortgage company the other 20% for the deposit.

With a Help to Buy: equity loan the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Example: for a home with a £200,000 price tag

help-to-buy-equity-loan-example

 

Dream of owning a bigger home but don’t have a big deposit?
Help to Buy is here to help. And it’s not just for first time buyers. Help to Buy can help you get onto the property ladder, or move up it.

What happens when I sell?

If you new home, as in the example above was £200,000 new,  you would have put in a total of £160,000 … with the 5% deposit in cash of £10,000 and a 75% montage of £150,000.  If in a few years you sold  your house for say £210,000, you’d receive 80% of the selling price = £168,000.  This covers your mortgage and the cash deposit.   The remaining 20%, which is now £42,000 will be automatically repay the loan.  There is no interest on the money, but the government will keep any additional money IF there is an increase on their 20% on the new selling price (i.e. 20% on the £210,000 is £42,000).

 

 

13 Mitchell Gardens 2-bed duplex apartment

13 Mitchell Gardens - 2-bedroom Duplex Apartment

BUILT & FULLY COMPLETED ... READY TO MOVE IN

13 Mitchell Gardens is a impressive 2-bedroom 'duplex apartment' allow you to live in 'Affordable Luxury' with spacious accommodation over two floors.  You can enjoy entertaining in style with the open plan living area with the Italian inspired designer kitchen, including high-end A-Rated integrated appliances as standard ... Or take it easy with a lazy morning as you enjoy your breakfast sitting in the sun on your own balcony off the master bedroom.

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