What's Hot and What's Not to Homebuyers

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Information about What's Hot and What's Not to Homebuyers
Real Estate

Published on March 6, 2014

Author: VictoriaCao

Source: slideshare.net


What do buyers look for when searching for a new home? What are the top off-putting features when looking to move?What's considered as home essentials now? Some of these might surprise you...

PROPERTY HOT & NOTS What’s hot and what’s not to British homebuyers There are currently 5 million people in Britain who are looking to move onto the property ladder, along with 17 million people who are already on it. But what do buyers look for in a prospective home? THE PROPERTY MARKET Have we recovered from the property crash? 2010 265,000 198,600 2009 217,900 196,600 2008 2007 193,000 192,300 359,900 Number of first-time buyers 2011 2012 2013 The total number of first-time buyers in 2013 was the highest recorded since 2007. This was a rise of 22% from 2012, the strongest annual increase in more than a decade. The number of properties sold to first-time buyers per day in 2013 is an astonishing: 726 HOME ESSENTIALS What buyers consider to be home essentials now 61% Good broadband is more important than friendly neighbours Showers are preferred over baths 34% More buyers would rather have good mobile signal than working home security Period features lose out to space for big TVs 68% 41% 20% More than double the amount of buyers think good local shops are more important than good local schools Most buyers would prefer a garden over a garage TURN-OFFS TOP FEATURES What buyers like to see in a prospective new home 1 10% 9% 23% 52% 54% 48% 53% What puts buyers off a prospective new home 1 A new boiler/ central heating system Dark rooms/ poor natural light 2 2 Damp/stained walls En-suite bathroom 3 2 Wood flooring 4 2 5 1 1 6 4 3 No garden 6 4 3 3 Home office 4 Bad smells 5 5 A garage 6 Open plan kitchen/diner Bad DIY 6 No parking 5 Sources: HOA, Halifax, The Guardian Online survey of 2,019 randomly selected British adults in February 2014 conducted by Vision Critical on behalf of Gocompare.com

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