48 per cent prefer a home that doesn’t need repair work
Almost half of Britons’ (48 per cent) would pay a premium to be able to move in to a property immediately without having to do any renovation or replacement work, according to new research.
A study of 2,000 UK adults by BetterBathrooms revealed that homebuyers are willing to increase their property buying budget by an extra 14 per cent on average for rooms and fitted furnishings they want to keep, rather than replace.
Rooms with desirable fitted furniture and appliances were also the rooms taken into highest consideration when purchasing a property, with 43 per cent admitting a kitchen in good condition is top of their property wish lists.
A well-presented bathroom was also regarded as important by a third (33 per cent), with tiles and plumbed-in appliances being too time consuming to fit and replace.
27 per cent rated a large outdoor space or garden as high priority on property search checklists, providing extra living space when the Great British weather permits.
One in six (16 per cent) also listed a garage as an important factor while one in ten (11 per cent) said they would be looking for attic space, showing storage and spill-over space is a top priority when purchasing a new home.
Lee Glenister, Head of Marketing for BetterBathrooms.com commented: “It is clear that house hunters in 2017 are even more time poor and are willing to exceed their budget in order to speed up the process of moving to a new property, with homes that are ready to move into exchanging hands for a higher premium.
“Rooms which are more expensive to fit out and decorate, such as kitchens and bathrooms hold the highest priority for those looking for a new home, with a high percentage opting to buy a home that doesn’t require any major building work.”