15th March 2016
Central heating and double glazing have topped UK homebuyers’ list of the top 20 ‘must-have’ property features, new research reveals.
For house-hunters, a reliable broadband and mobile signal is seen as more important than highly-rated schools, which failed to make the top 20, according to the study by GoCompare.com Mortgages.
Meanwhile, potential buyers are more likely to favour a living room big enough for a large flat screen TV over a home with period features.
Other key selling points for many buyers are homes with a separate bath and shower, multiple loos and en-suite bathrooms.
Warmth is a key priority, perhaps thanks to the British climate and energy prices. A good energy efficiency rating and cavity wall insulation are both highly-ranked features.
Local shops and amenities (55%) and friendly neighbours (54%) were highly valued by home-hunters.
Despite the well-documented links between property prices and catchment areas, just 15% of those surveyed said access to good local schools was an essential factor in buying a new home.
Matt Sanders, mortgage spokesman at GoCompare, says: “From our research it’s clear that today’s potential homebuyers are putting practical concerns ahead of aesthetics.
“They are looking for warm, cosy properties, which are energy efficient and well connected to modern amenities rather than ones that are full of character.
“For many buyers, the ongoing costs of running a home – paying the mortgage, utility bills and council tax – are a real concern. It’s perhaps unsurprising then that well-insulated homes and efficient central heating systems are key priorities.
“Bathrooms also received a lot of attention in the survey, with buyers looking for homes with multiple facilities.
“But plumbing problems can be costly to fix and poor water pressure can be a sign of potential problems, so when viewing potential properties buyers should test the plumbing by flushing toilets, running taps and checking under sinks and around toilets for any leaks.
“The survey also highlights the important role technology and in-home entertainment plays in our day-to-day lives, from streaming live TV and films to our reliance on mobile phones. For many people, access to both a strong internet connection and a reliable mobile phone service have become modern home essentials.”