Jul 3 2016 13618 1

Dated: 07/03/2016

Views: 128

House hunters now take average of eight visits and up to 16 weeks before putting offer in on their ideal home

  • House hunters need to visit eight homes before they choose one, according to new study

  • However, one in 14 homeowners insist they would be happy to make an offer on first house they see

  • Typical time to find the perfect home is 16 now weeks but over half know during or immediately when they've found 'the one'


PUBLISHED: 18:17 EST, 7 July 2014 | UPDATED: 19:58 EST, 7 July 2014


View comments

We need to visit eight homes before we choose the right one for us, according to a new study into house buying.

The research found the typical home hunter feels equipped to make a decision after seeing eight options.

However, one in 14 homeowners (7 per cent) insist they would have been happy to make an offer on the first house they saw, according to new research from E.ON.

The study suggests the typical time to find the perfect home is now 16 weeks.

But people tend to know quickly when they've found 'the one', with over half knowing during or immediately after the first viewing (59 per cent).

Researchers claim house buyers spend an average of 16 weeks on the market before purchasing a home+2

Researchers claim house buyers spend an average of 16 weeks on the market before purchasing a home

And 3 per cent of homeowners even say they knew as soon as they saw the property advertised.

The survey of 2,009 adults, conducted to explore people's attitudes to home buying and energy efficiency, found that location is still the most important factor (74 per cent).

This is followed by mortgage costs (56 per cent), size (53 per cent) and the amount of work needed on a property (40 per cent).




Meanwhile, the biggest incentive for getting on the property ladder is financial, with 67 per cent saying the best thing about owning a property is the long-term investment potential.

The next most compelling advantages over renting were thought to be the security of knowing you won't have to move unless you want to (65 per cent) and not having a landlord to answer to (59 per cent).

It seems the majority aim to become house owners in their 20s (62 per cent), although an ambitious 29 per cent had set their minds on being homeowners by the age of 19.

But the reality of purchasing is less positive, as over half (53 per cent) of non-home owning adults across Britain fear they'll never get on the property ladder.

Seventy-six per cent of first home buyers said they felt efficient energy heating systems were important+2

Seventy-six per cent of first home buyers said they felt efficient energy heating systems were important

Lack of funds (66 per cent) is the main thing stopping potential housebuyers.

In terms of energy efficiency, 76 per cent of first time buyers say it's very important, compared to two-thirds of existing homeowners (65 per cent).

Most people feel a new build will be the most energy efficient type of property (85 per cent) with Edwardian homes deemed to be the least (2 per cent).

Beverley Maguire, energy efficiency expert at E.ON, said: 'Home hunters feel confident they can judge what's out there once they've seen an average of eight properties.

'Most people identified new builds as being most energy efficient - but older properties can be efficient too.

'Before making a decision, buyers should make sure they know about the condition of the property's heating system and whether it's well insulated.

'Energy suppliers can help with free or discounted insulation and boiler replacements for people who qualify.'

Read more:http://www.dailymail.co.uk/news/article-2683970/House-hunters-average-eight-visits-16-weeks-putting-offer-ideal-home.html#ixzz4DLvOOgFW

Follow us:@MailOnline on Twitter|DailyMail on Facebook

Blog author image

Shawn Chaconas

Having the right real estate agent means having an agent who is committed to helping you buy or sell your home with the highest level of expertise in your local market. This means also to help you in ....

Want to Advertise on this Site?

Latest Blog Posts

CaseShiller Home Price Growth Ticks Upward In November Reading

Case-Shiller Home Price Growth Ticks Upward in November Reading Home prices increased in November, with national home prices up 0.70 percent month-to-month and 6.20 percent higher year-over year.

Read More

The 4Step Financial Checkup To Get Ready For A Mortgage In 2018

The 4-Step Financial Checkup to Get Ready for a Mortgage in 2018 Are you ready to join the ranks of homeowners in our local community? Congratulations – homeownership is a big step towards

Read More

Whats Ahead For Mortgage Rates This Week February 5th 2018

What’s Ahead For Mortgage Rates This Week – February 5th, 2018 Last week’s economic releases included readings on pending home sales, Case-Shiller Home Price Indices and construction.

Read More

What Is Mortgage Insurance And How Does It Benefit Me Lets Take A Look

What Is Mortgage Insurance and How Does It Benefit Me? Let’s Take a Look Are you in the market for a new home? If you are considering a mortgage, you may be curious about mortgage insurance,

Read More