First-time buyers are taking longer to save for their property, which means that their needs and requirements are also changing as they demand more for their cash. Some might already have started families and are looking for their first owned property, while others will be looking for somewhere they can grow into.
If your property is likely to appeal to first-time buyers, it’s important to understand what they are looking for. By ensuring your property offers the must-have features they want, you are more likely to clinch a deal sooner at the price you are hoping for.
Energy efficiency
The demand for energy-efficient properties is increasing as housebuyers become more aware of their impact on the environment and look to save money.
First-time buyers will want energy-efficient features such as the latest boilers or heating systems rather than having to install these at extra cost after they’ve moved in. Double glazing and effective and sufficient insulation – especially in walls and roofs where much heat is lost – will also be expected by buyers who want to keep their properties cosy at minimal cost.
Smart technology
As with energy efficiency, smart technology shows that your property has evolved with the times. It offers convenience and security and doesn’t have to be hugely expensive. Smart meters allow homeowners to keep an eye on their energy usage. Smart thermostats allow them to control the heating from their phone – enabling them to turn it on while they are on the way home or turn it up from the comfort of their sofa. Smart doorbells provide an additional sense of security by allowing homeowners to monitor visitors even when they aren’t at home.
Strong Wi-Fi
In the age of the super-connected homeowner, first-time buyers will also be looking for strong Wi-Fi, especially if they are working from home, have data-hungry children or simply want to enable the smart technology we referenced above.
If your Wi-Fi speed is slower than a tortoise, then it’s worth looking at how you can upgrade your signal. It doesn’t mean you have to switch suppliers yourself but a little research legwork into what’s available could help impress buyers who might need a faster service.
A well-maintained property
Some first-time buyers will jump at the opportunity to invest in a property that needs extensive renovation. They may see the returns potential in doing so, or they may simply want to make the property their own.
Others will want to be able to move in more easily, especially if they are about to start a family for example. A well-maintained property shows that it has been cared for and isn’t likely to be hiding any nasty surprises.
Outdoor space and parking
If your first-time buyers are older and have already started a family, then outdoor space and parking becomes an even more crucial part of their property buying decision. A new mum with a baby in tow will not want to be traipsing the streets looking for parking. Look at how to maximise your outdoor space to suit your buyer and investigate what parking options you have if it’s an issue.