Homebuyers still value traditional property features the most

Research by the new home specialists, Stone Real Estate, has revealed that new-build homebuyers still value traditional property features the most when it comes to their homebuying hitlist.

Stone Real Estate surveyed new-build homebuyers across the UK to see what they rated as the most important factors when checking out a development for potential purchase.

New-build developments offer above and beyond additional benefits compared to existing housing stock, such as a concierge, aftercare team and onsite amenities, but despite this, the most in-demand feature was private or shared green space in which to relax – the most important for 30% of buyers.

A car parking space ranked as the second most important factor nationally (21%), followed by the availability of amenities within the development (13%), with a close transport link ranking fourth (12%).

High-speed internet (7%) and a good school catchment (6%) were also important, while things like a gym in the development, top of the range appliances, shared social areas, a concierge, aftercare team and perhaps surprisingly, the developer paying the stamp duty, ranked as less important for new-build homebuyers.

However, in London, while green space was the second most important factor, the close proximity of a good transport link topped the table (31%), with parking ranking third (11%), amenities within the development the fourth most important feature (8%) and the property coming with new appliances (7%), a good school catchment (5%) and the developer covering stamp duty also ranking highly (5%).

It’s always important to know that your home is secure, check out the locksmith boss Dublin.

Founder and CEO of Stone Real Estate, Michael Stone, commented:

“We’ve seen a great shift in the new-build sector whereby developers are placing more focus on the lifestyle and well-being of new-build buyers, providing spaces for them to work, relax, stay fit and socialise, with an emphasis on convenience.

As a result, buyers are now searching for the right lifestyle fit for them and not just the right property and this level of innovation by developers in order to remain competitive and stand out from the crowd has resulted in homebuyers getting much, much more for their money.

However, while these additional features are great, this research demonstrates that first and foremost, buyers are looking for the core factors in a development such as good transport links, green space, nearby amenities and car parking availability. These traditional factors should act as the backbone of all new-build developments to which a developer can hang the bells and whistles of a concierge service, an aftercare team and so on.”

UK
Factor
Percentage of respondents
Private or communal green space to relax in
30
Car parking facilities
21
Amenities within the development
13
Close to a good transport link
12
High-speed Wi-Fi
7
A good school catchment
6
Top of the range appliances
5
Stamp duty paid for by the developer
3
A fitness outlet like a gym or swimming pool
1
Other shared social areas e.g. cinema room
1
Concierge
1
Aftercare team
0
London
Factor
Percentage of respondents
Amenities within the development
8
Top of the range appliances
7
Stamp duty paid for by the developer
5
A good school catchment
5
Close to a good transport link
31
High-speed Wi-Fi
3
Private or communal green space to relax in
26
Car parking facilities
11
A fitness outlet like a gym or swimming pool
2
Other shared social areas e.g. cinema room
1
Concierge
1
Aftercare team
0

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Overseas Property

5 Must-Try Activities At Rosewood Baha Mar For An Unforgettable Stay

Tucked along the sparkling white sands of Cable Beach, Rosewood Baha Mar stands as a pinnacle of luxury in the heart of The Bahamas. This majestic island resort pairs stunning modern design with unparalleled service, amenities and natural beauty. From rejuvenating spa treatments to underwater adventures, Rosewood Baha Mar allows guests to craft their perfect…
Read More
Breaking News

Breaking Property News – 22/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Curious how the Building Safety Regulator will impact your future projects? Article by Will Varnals and Ed Resek Associate Director – Watts Group ‘The Building Safety Act has been described by government as the ‘Biggest Changes to Building Safety for a Generation’. Arguably, the most impactful change at…
Read More
Estate Agent Talk

Home Additions That Can Increase The Attractiveness of a Property

In the dynamic world of the property market, whether you’re in sales or lettings, staying ahead of the curve is crucial. As the property market evolves, so do the preferences of buyers and renters, meaning in order to maximise the attractiveness and value of your property, strategic additions and renovations can make all the difference.…
Read More
Home and Living

The Anatomy of a Perfectly Cozy Reading Nook

The Foundation: Choosing the Right Space Selecting the ideal spot for your reading nook is the cornerstone of its success. Consider a quiet corner bathed in natural light, away from the distractions of modern life. The goal is to create a haven where one can escape into the world of literature without interruptions. Location Matters…
Read More
Breaking News

Breaking Property News – 21/02/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Government announces new Short-term lets rules to protect communities and keep homes available. Press Release London February 2024 – Overview – ‘Short-term lets rules to protect communities and keep homes available. Local residents will be protected from being pushed out of their communities by excessive short-term…
Read More
Breaking News

Enhancing Security and User Experience with Face Recognition Technology

In an era where digital interactions dominate our daily lives, the need for robust and convenient security measures has never been greater. Traditional methods of authentication, such as passwords and PINs, are increasingly susceptible to breaches and hacks. In response to these challenges, face recognition technology has emerged as a cutting-edge solution, offering a unique…
Read More