
1. Location
The mantra ‘location, location, location has never been more true. Top of the list, home buyers choose a property for it’s easy access to hi-speed transport routes. This allows people to get from A to B faster and have more time to see their family.
2. Local amenities
Buyers today carry out detailed research on an area before deciding to view properties. Leading Ofstead school ratings are a key driver in choosing where to bring up young families. Important local amenities include gyms, great shops, bars and restaurants.
3. Property specifics to home buyers
Detailed online property searches target a set number of bedrooms, bathrooms, en-suites, a good sized kitchen, gardens, off-street parking and finally the general condition. Home buyers fall into two categories. Some look for a property they can fix up and others for one that is picture perfect in every way.
4. Employment opportunities
Gone are the days where a job was for life. Today’s buyer knows only too well they may have to change employer or indeed profession at short notice. Living in a city or town that has high levels of employment in a wide variety of industries is seen as a sensible choice.
5. The Economy
Having seen the Credit Crisis of 2007 buyers are now prone to ensuring that they do not overstretch themselves. This has lead to buyers choosing more affordable properties with safer mortgages. The average age of a first time buyer in the UK today is 31 whilst the average age of a cash property buyer is 50+.
Professional home buyers guide
Here is a list of those items most sought in a brand new home:
- Minimum maintenance
- Off-street parking
- Location
- New home warranty
- Size and design of living space
- Quality of the neighbourhood
- Energy efficiency
All of these items are better found in new build homes today. Perhaps the time has come for the rest of the UK’s housing stock to catch up in areas such as off-street parking and energy efficiency.
In summary
Many factors come into play in our decision over where to buy our next house. And perhaps this helps us in a way. By having a ‘wish list’ we can rule out those areas and types of housing that we do not want. After all, this list is what professional house builders have been creating homes around for many years.
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