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New vs older home – which one could be for you?

Jen Lloyd, Head of Mortgage Products and Proposition
27 November 2025

So, you’re thinking about buying your first home – exciting times! But here’s the big question: do you go for a shiny new build? Or is an older, traditional home more up your street (no pun intended)?

We asked aspiring first-time buyers*:

  • 44% are more drawn to new builds.
  • 30% prefer an older property.
  • The rest? Still undecided.

New builds just about take the win. But popularity isn’t everything. What really matters is you – what best fits your lifestyle, budget, and taste.

Let’s look at both sides of the fence

New builds

Fresh, modern designs and no need to paint – new builds are all about ease.

Why people prefer them:

  • Modern features – fresh fittings and appliances appeal to 53% of people who favour new builds.
  • Energy efficient – 79% surveyed say sustainability is key when choosing a home. And over half of potential new build buyers would be more likely to buy one if it had solar panels or an electric vehicle charging point.
  • Low maintenance – 45% who prefer new builds like the thought of lower repair and DIY costs.
  • Peace of mind – usually new builds come with a warranty, covering things like plumbing or structural problems in the first few years.

Things to think about:

  • Price – almost half of those who favour new builds worry they cost more to buy.
  • Space and charm – rooms can be smaller than older homes and often lack personality.
  • Value dips – new builds can sometimes drop in value after you move in.
  • Buying process – only 23% of people believe it’s generally quicker to buy a new build than an older home.

Older builds

Charming, quirky and full of history – older homes tell a story.

Why people prefer them:

  • Solid and sturdy – 59% who favour older homes feel they’re more robust.
  • Full of character – 48% of them love their unique features (like fireplaces, high ceilings, and original woodwork).
  • Better value for money – almost 40% of people who prefer older homes think you get more for your money.
  • More space – 44% of them believe you get bigger rooms and space than a new build.

Things to think about:

  • Damp and mould – a worry for 49% of aspiring homeowners.
  • Maintenance costs – 62% of people are bothered by the upkeep of older homes. Almost half of them worry about forking out for repairs like old wiring, leaky roofs, or dated plumbing.
  • Energy bills – older insulation and single glazing can cost more to heat.
  • Survey surprises – amongst the 620 people with maintenance concerns, 44% worry about issues like cracks or structural problems.

What matters to you?

So, there you go – each home has its pros and cons. The key is to weigh them up and think carefully about:

  1. Your priorities – what’s more important? Ease over character? Or does history and charm win every time?
  2. Your budget – what can you realistically afford without stretching yourself?
  3. Costs over time: energy bills, repairs, and upgrades all add up. On average, new builds cost more upfront – but older homes might cost more over the years.
  4. DIY and lifestyle: happy to roll up your sleeves and start decorating? Or do you want a home that’s ready to live in?
  5. Be realistic: think about how much time and money you’re willing to put in.

Here when you’re ready

Whatever you choose, we’d love to help you onto that ladder.

Want to get started?

You could lose your home if you don't keep up your mortgage repayments.

*Skipton Building Society Survey, September/October 2025, 1,000 respondents