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Tenement flat vs new build in Scotland: what to weigh up

Traditional tenements and new-build homes appeal to different buyers. Neither is better in general, but they come with very different costs and risks, so it helps to compare them on more than price and looks.

By Before You Bid Scotland3 min read
Short answer

Tenement flats often offer more space, character and central locations, but older buildings mean shared repairs to roofs and stonework and usually higher heating costs. New builds are more energy efficient and come with a warranty, but tend to cost more per square foot, often have factor fees for shared grounds, and can lose value early on.

At a glance

Traditional tenementNew build
SpaceOften larger rooms and high ceilingsUsually more compact
Energy efficiencyOften EPC D or EUsually EPC B
RepairsShared repairs to roof, stonework and closeFewer repairs early on; covered by a builder's warranty for defects
FactoringSome have a factor, many don'tUsually a factor for shared areas and grounds
Buying processHome Report, offers over, closing datesFixed price from the developer, reservation fee, no Home Report
ResaleSteady demand in established areasCan sell below the original price at first

Tenement flats: what to check

Want these checks done for a listing you’re looking at? Get a free report.

New builds: what to check

Which suits you?

If you want space and a central location and can budget for shared repairs, a tenement may suit you. If you want low running costs and fewer repairs in the first years, a new build may suit you better. In both cases, the total cost of owning the home matters more than the price.

Frequently asked questions

Do new builds have a Home Report?

Usually not when sold by the developer. Resale new builds sold by an owner do need one.

Are tenement flats expensive to heat?

Often, because solid stone walls and large windows are hard to insulate. Check the EPC rating and estimated costs.

Do new builds have factor fees?

Most developments have a factor for shared areas and grounds. Check the annual fees before you buy.

Sources

This guide is general information, not legal, tax or financial advice.