This is what home buyers are looking for in a 'forever home' - and when they think they'll buy it


Published : 11th October 2019

News

Don't underestimate the draw of a garden

So, with the theme so close to our hearts, just how many of us have actually found our forever home and it you haven't yet, by what age do you think you'll be living the dream?

Research from the Nottingham Building Society has highlighted the UK areas in which people are happiest with their homes. And happily some 37% of those questioned from Nottingham said they are content to live where they do now for the rest of their lives - that's around one in three of us.

Richard Copestake, cluster manager for The Nottingham’s Wollaton, Wollaton Park, West Bridgford and Ruddington branches, said: "The research is interesting, and backs up what we already know – that Nottingham is a fantastic place to have a property.

"It’s really satisfying to see that so many people are happy with their homes in the area but we are also well aware that there are, in theory, still 63% of people who are working towards getting their Forever Home."

The research, which questioned 2,000 UK adults, also found people believe they will be 41 before they purchase their Forever Home, despite the average age of those who have already moved into theirs being 36.

Areas where home owners were most content included Glasgow and Liverpool (both 58%), with Sheffield (56%) and Cardiff (55%) next on the list of places where most people say they already live in their Forever Homes.

When it comes to the average amount the nation thinks they will need to spend to move into their Forever Home, the figure is a huge £474,389. The average UK house costs £227,000.

Staggeringly, one in ten people say they expect to spend up to £1million on the property they will be living in for the rest of their lives, and one in 20 (4%) plan to spend up to £5million.

Location was the top priority for buyers choosing their perfect home, with half of respondents highlighting it as the most important aspect, followed by the size of the property (16%) and the price (13%).

Top priority features included outdoor space, with over two thirds choosing a back garden as an essential, followed by just under half (49%) wanting a front garden. A garage (45%), en suite (39%) and at least three bedrooms (38%) made up the top five most coveted features.

Source:- https://www.nottinghampost.com/news/property/what-home-buyers-looking-forever-3377716