One in three Brits ‘disappointed’ with their home

Mon 23 Mar 2015

Do you already live in your dream home or have you still got aspirations of moving on to a bigger and better property one day?

New research shows a third of people in the UK are disappointed with the home they currently live in, as they expected to have moved further up the property ladder by this stage in their lives.

Some 83 per cent of people believe they now have to wait longer to buy their long-term family home than they did a decade ago, while 44 per cent of first-time buyers are unhappy with the property they have purchased.

It means millions of householders across the country could already have one eye on their next move.

A three-bedroom house is the dream for 43 per cent of respondents to the Lloyds Bank survey, while 24 per cent would like to secure a four-bedroom property.

Unsurprisingly, a beautiful garden, a conservatory and a state-of-the-art kitchen and bathroom were among the features named as the most desirable by homeowners.

But 40 per cent of people think the state of the housing market is slowing down their progress when it comes to buying their perfect home, while 31 per cent fear their finances will not allow them to move up the ladder.

However, the good news is there is always a way around this, and while you might think you need to find a small fortune in order to purchase a superior property to your own, this is not always the case.

For starters, think about whether you could move to a different area in which you might get more property for your money. Moving just a few miles could allow you to secure a home with an extra bedroom for an amount that is similar to what your current property is worth.

Similarly, it is a good idea to consider whether you could make improvements to your existing home that will increase its value, giving you more funds to utilise in the search for your ideal address.

With the sales market performing so strongly right now and so many options open to homeowners, there is no need to live in a home you are not happy with. Instead, consider selling a property and moving on to a place that better meets your demands.

If you would like any more information on selling a property or buying your next home, please contact your local Leaders branch.