A new study from Barclays has found the UK’s top 20 must-haves and top three dealbreakers when it comes to buying a home. To help you optimise your house search, we’ve also included some guidance for choosing your non-negotiables and factors that can be compromised on.
Top non-negotiables when buying a property
House-hunters were asked for their must-haves in a new home – the features that would rule out potential properties from their search if they lack them. Double glazed windows topped the list, followed by central heating and a garden. Parking and natural light also made the top five, with a tiled bathroom bringing up the rear at number 20.
Here are the top 20 non-negotiables for UK homebuyers:
- Double glazed windows
- Central heating
- Garden/Outside space
- Driveway or parking spaces included
- Lots of natural light
- Downstairs toilet
- A spare bedroom
- Good storage options
- Ensuite bathroom
- Energy efficient home
- Separate toilet and shower
- Power Shower
- A separate utility room
- Entrance hallway
- New/recent boiler
- Tiled bathroom
The survey found that homebuyers are willing to pay 10 per cent over the asking price for a home that boasts all of their must-haves, and first-time buyers are willing to go even further and pay 20 per cent over the asking price for a property that ticks all their boxes.
Biggest dealbreakers when buying a property
British house-hunters also revealed their biggest dealbreakers when it comes to buying a new home. These are the features of a property that would turn off potential buyers.
The top three dealbreakers for house buyers:
- Carpeted bathrooms (21 per cent)
- Single glazed windows (21 per cent)
- Weird layout (20 per cent)
Choosing your non-negotiables
It’s important to decide on your non-negotiables before you begin your house search to streamline your options and save time.
Barclays’ research found that people are willing to compromise to some extent, but three disliked features was the maximum number for almost half of those surveyed.
To optimise your search, be realistic about which must-haves are a priority and which ones could be compromised on to find a property within your budget. Some of the most important considerations include location, proximity to transport links, garden size and number of bedrooms.
For more help with finding your perfect property in Andover or Whitchurch, contact us today.