For most of us relocating and moving to a new home might involve consideration of manifold factors ranging from a new workspace commitment, ever-evolving family needs or simply the requirement for an upgraded living standard. Post pandemics prioritise of home buyers has undergone a significant change & a new trend has kickstarted to move further away from the cities towards more open spaces
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What are the preferences of home buyers and investors when they are on the hunt for their ideal property?
Let’s take a look at some in-demand factors Celebrity age–
Ace the Space
Buyers are looking for a new arrangement of space, with most of the family members working from home, studying, and working out at home, there is a shift away from enclosed spaces to more open and flexible configurations in a house. A surge in demand for gardens and outdoor kitchens, and garden home offices is owing to the buyers’ shift in their priorities after COVID. A detached house with a home office, an annexe, either a huge garden or a plot of land with outbuildings is now the ideal home for investors and home buyers alike.
A major concern for any individual, whether he is moving house or not, is the safety and security of the area they live in. Almost anyone who is on a hunt for a house or property will ensure that the crime rate in the neighbourhood is low. Areas with significantly low crime rates attract a lot of potential buyers and are conversely related to the rates of properties in that area.
Another factor on the high preference list of home buyers is commute links. Easy accessibility to cities through rail and road links is a big criterion for choosing a location. Isolation suffered during the Covid lockdown has made people move houses to be able to stay closer to their families and friends. Core commuting towns are high on the demand list for office commuters. For example, the prices of properties near a tube station will be significantly high, owing to the same reason.
Yes, believe it or not, strong internet connectivity is a priority on the list of people looking to buy a home. Work from home requires a high-speed fibre connection for a smooth network & it should provide broadband and streaming facilities such as Netflix. A new Broadband Choice survey revealed that buyers were willing to pay over and above the rates of the houses if it promised superfast broadband. An upgrade in broadband services helps a home seller in the procedure of acquiring a buyer.
House hunters with families have schools with good catchment areas as preferred locations to buy a home. Competitions surrounding the catchment areas for best academic institutions are always an added vantage point determining the rate of property in that area. People with long-term plans to settle and start their families also prefer these neighbourhoods. Houses located in the school catchments with Ofsted ratings of 1 would cost much more than the schools with catchments of Ofsted ratings of 2.
Local retail spaces and recreational amenities are highly preferred by buyers, just like commute links, facilities in and around the locale are of paramount importance for a buyer. The nearness of a grocery store or a hospital is some of the basic features a buyer would seek in his neighbourhood. If you love shopping and love eating out, the distance between eating joints and restaurants and retail centres would matter a lot to you.
There is no stringent guideline when it comes to finding your ideal property. When the market is volatile, flexibility and openness regarding what’s available will help you secure your perfect home faster and more smoothly. Having a list is good but it should not be written in stone.