There is a wealth of information available for the first-time buyer, tackling issues such as buying costs and fees to the type of property they should be on the hunt for. But what is it that the first-time buyer is actually looking for? Whether you’re trying to sell your home or want to buy your first property, take a look at our tips and make the right choice.
The rise of the family home
When it comes to first-time homes, the three bedroomed semi-detached is the most highly sought after. Why is this? Because people want to plan for the future. Buying a property by yourself or with a partner is a massive commitment and as such the buyer will be planning ahead to the prospects of children in the near future.
If you plan on raising a family it wouldn’t be worthwhile investing in a smaller home because you’re likely to relocate again within a couple of years for a home with more space to offer.
On the same vein of thought, baths are now back into fashion after a period of absence because of a favouring for showers. And this is typically because of the need to bath young children. In fact, bathrooms with just a shower could be dismissed entirely, so if you’re selling your home then consider this point.
The kitchen is another part of the home needing to generate a family friendly vibe. Open plan designs are top of the tree for kitchens and the more space available, the better your odds of selling. With a growing family, homeowners don’t want to feel cramped in a small kitchen.
The dining room loses appeal
Over the last decade the dining room has lost its appeal and is no longer a must have for potential buyers.
Essentially the decline in family meals is a major reason for this, with more people eating in front of the TV, rather than sitting together at the table. The conservatory’s popularity could also be another reason, with homeowners opting to eat in this light and airy room instead.
Other parts of the home that have dropped in importance are the garage and driveway. These are luxuries rather than necessities and considering the first-time buyer is likely to be tight for money, they’ll be opting for more space in the home rather than a garage. If you have a garage, it’s probable there’s space going to waste, so consider a conversion and increase the value of your home at the same time.
The ‘dream house’ in decline
Of course, many homeowners eventually find their dream home, but for the first-time buyer it’s more about practicality. They won’t expect to find a property in perfect order and could even opt for a home they can stamp their own mark on, gradually improving in time.
Because of the poor state of the housing market, first-time buyers are taking the crucial steps more delicately. There’s no rushing around and people want to move into a home they could live in for five years and more. By adapting your home to suit these needs, there’s more chance of a quick sale when you come to sell-up.