New research conducted by estate agent Tepilo, founded by TV property expert Sarah Beeny, has painted a picture of what they believe to be the “average British home buyer”. According to the results, the average person looking to purchase a home in the UK this year will have a budget of £205,221 and will have owned two properties in their lives so far. Their property of choice? A three-bedroom, semi-detached property situated in the quieter suburbs and shared with their spouse or partner.
But will their home purchase in 2015 be the property of their dreams? The research by Tepilo, which surveyed 2,000 adults who are currently in the process of, or have bought, a property in the last 12 months, also discovered that 44 is the typical age that most people believe they will purchase a home that is perfect enough to spend the rest of their lives in. However, not everyone has bought into the idea of finding their ‘Forever Home’, as the survey showed that 20% of people don’t believe that such a home exists in today’s property market. Older prospective buyers were also found to be less optimistic regarding their ‘Forever Home’, with 33% believing it didn’t exist.
Location, location, location
The location of a home was discovered to be one of the biggest deciding factors when it came to completing a purchase, with proximity to supermarkets and shops, good transport links and low crime rates found to be the three most important factors. 56% of people wanted an easy commute from their home and 44% valued their proximity to shops.
The Tepilo survey also uncovered what people look for in the home itself, second to features such as number of bedrooms and whether the property is terraced, semi or detached. It appears that the size of the garden is something that nearly half (41%) of buyers take into account. The overall layout of the home was also important, with 34% considering it and 19% specifically looked for a property with a downstairs toilet.
Owner of Tepilo, Sarah Beeny, commented on the results of the survey: “We’re a nation that’s obsessed with property ownership, so it’s interesting to see how buyers are behaving and to discover the differences across the UK and amongst different age groups. It’s also interesting to see that Brits’ love of investing in property is still going strong, a trend I expect will continue as people increasingly look for alternatives to traditional pensions.”
This isn’t the first time location has proven to be a key factor. In August, MyLocalMortgage.co.uk conducted a survey that asked; ‘When buying a property, which factor would influence your decision the most, secondary to price?’ Almost a quarter (24%) of respondents said that proximity to work was their biggest concern, with being close to friends and family coming in second with 19.8%, and proximity to a town or city being the third major choice with 18.1%.
How to buy your ‘Forever Home’
Whether you’re 24 or 44, it’s never too early or late to start looking for your ‘Forever Home’ or the home you’d want to settle down in. The key is not to jump at the first property you discover that is in your budget. If you’re looking to purchase your dream home from the outset, it’s important to put a great deal of thought into exactly what you want.
What are your preferences? Do you want a large garden? A downstairs bathroom, or a dining room? More important than knowing what you want is also knowing what you are willing to compromise on, and what you absolutely cannot live without.
The final factor to consider is price; how much are you willing to part with to secure your dream home, and how much will your finances allow? Working with a mortgage adviser who is local to the area you wish to move to can be incredibly beneficial. They can provide you with expert advice on both the surroundings and your finances, helping you get one step closer to your Forever Home.
Selling a property and looking for a way to spruce up your home, or fancy reaping revenge on your street? These property-owners have found a way to quickly grab the attention of the general public, the local council, the media, and even tourists. It’s not exactly hard to see why. Take a look.
This London townhouse in Kensington was painted in a eye-watering red and white stripe, that’s been branded by locals as reminiscent of a beach hut or circus big top. Why paint your home in a such a garish combination of colours? There can only be one reason. Revenge.
Zipporah Lisle-Mainwaring took great offence when her plans to demolish the property and replace it with a five-storey mega home with underground swimming pool and cinema were objected to by neighbours. Owners of nearby houses feared disruption and structural problems to their own homes due to the work. Mrs Lisle-Mainwaring’s innovative and devious response was to leave neighbours facing an eye-sore in their otherwise lovely Kensington street.
But it’s bad news for the property owner; Mrs Lisle-Mainwaring has been ordered to paint the property white as it is located in the Kensington Square Conservation Area. And to replace the window frames, too, as they are in poor condition. So that’s game, set and match to Kensington Council.
This large family semi looks lovely from the outside, but one peep inside will leave you speechless. Or with an odd craving for Cadbury’s Dairy Milk. The whole house – and we mean the whole house – is decorated in enough purple to make you want to poke your eyes out.
Purple carpets; purple walls; purple curtains. It’s taken the entire concept of colour scheme to a whole new (purple) dimension.
A rainbow of colour
What’s even more glorious than one colourful home? You got it… An entire town of colourful homes.
This postcard-perfect place is Manarola, a small town in La Spezia, Ligura, in northern Italy. The glorious view is as enticing as a traditional sweet shop, with its rainbow assortment of colours, precariously balanced on a cliff edge against the natural hues of the sky and sea. This is one of the Cinque Terre towns, which is extremely popular with tourists, yet due to its cliff edge position, can’t be accessed by car. Gorgeous.
Whether you are looking to attract visitors, make a sale, splash your own personality both inside and out, or simply annoy the living daylights out of your unwitting neighbours, a coat of pain could be all it takes.