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Answering call for 1st-time buyer must-haves

WHAT'S top of your must-have list when it comes to buying a home? Location, affordability, number of bedrooms, easy travel links for commuting?

All key considerations, according to a new report, but it might surprise you to know that the most important factor for many is… a decent mobile signal.

Nearly half of all 18-35 year-olds quizzed by RootMetrics ranked mobile as the top priority when buying a new home − and two in three of all homebuyers and renters would think about changing their mobile provider if performance was poor in their neighbourhood. That second statistic rises to 77% for buyers in the 18-24 age group.

iPhone teen 960x400

Other typical factors such as local crime statistics, transport links and good schools get a relatively low rating on the must-have list at between 21% and 17%, says mobile analytics specialist RootMetrics.

"Younger homebuyers clearly have a particular list of priorities − and I guess it comes as no surprise that being able to use their mobile phone at home is so important to them," says Alan Bradley, Head of Sales at Bromford Homes.

"For many people, their mobile is the way they use the internet and popular social media channels like Facebook, Twitter or Tumblr.

 Anna keys 960x400

"Of course, each buyer's list of priorities will be different and we suggest that everyone makes a checklist so that they can compare the basics like location, bedroom number and size, access to parking, local schools and so on.

"As a shared ownership specialist, we talk to hundreds of first-time buyers − many of them, like Anna (pictured above) at Oaklands, Rugby, in their 20s − and they tell us that the size of their deposit and affordable monthly costs are, in general, their top priorities.

"Location is another key factor because many of our buyers want to live and work near their family and friends − and a big percentage tell us they value the greater sense of security that comes with owning a home you can call your own compared to renting from a private landlord."

To find out more about low-cost home ownership and how it could make YOUR property dream come true, call one of our expert advisors on 0845 60 10 878 or register for updates.

06 August 2014