More first time buyers are looking for a live-ready home
First time buyers are staying for longer
Getting your foot on the property market is an achievement and while only half of first timers plan on staying in their first homes for more than a year, 71% of people end up staying in their first homes for 4 or more years. Encouragingly, nearly a quarter of buyers found their ideal home first time round.
Additionally, only 46% of people did any basic decorating and 1 in 4 didn’t do anything to their home at all when they moved in. Ultimately, more and more first time buyers are looking for a home that's ready to move in to and requires little change to décor.
First time buyers can now buy with just a 5% deposit with Help to Buy, making finding your new home more affordable.
Research was carried out on behalf of Barratt Homes between May and June 2016.