What's on your homebuyer wish list?

For some it’s proximity to schools. For others it’s the commute to work. But according to research we commissioned in summer 2018 with more than 2,000 Brits who were first time buyers or about to buy their first home, the majority looked for practicality over luxury when it came to taking the plunge.

Interesting insights from our research

Surprisingly, the proximity to shops topped the list, with 46% of people saying it was the most important thing they looked for when considering the location for their first home. Family came a close second with 41% wanting to keep local to their family ties.

Commute was always going to be a biggie, with 41% saying it was the most important thing on their list. And being close to public transport was the priority for 31% of people, while distance to schools came in unpredictably low at just 24%.

There were clear priorities that influenced home-buying decisions, built-in storage was a must-have for 17%, with 13% saying they’d be swayed by modern décor and 20% not wanting to do any DIY at all. However, kerb appeal appeared to be less important, with only 11% of people bothered about what a property looked like from the outside.

When it came to signing on the dotted line, almost a quarter of buyers relied on gut instinct to drive their decision, while 8% let their partner have the final say.

Expert advice

A property choice is the biggest financial decision most of us make in a lifetime and understandably, people want to get it right the first time. The key for first time buyers who are ready to take their first steps onto the property ladder is awareness of what is available on the market, combined with a solid understanding of what they are realistically looking for against their budget.

Kris Brewster, Head of Products, Skipton Building Society

We’ve developed a checklist to help focus your search. Include what makes a location right for you, how many bedrooms and bathrooms you want, right through to how much DIY you’re prepared to take on.

Home buying checklist

If you’ve got too many must-haves and want to narrow them down, we’ve developed a checklist to help focus your search.

Download checklist

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