‘Freshen-upper’ homes most popular

Almost half (49%) of prospective buyers are looking for a ‘freshen-upper’ property, according to research.*

A ‘freshen-upper’ – a home that only requires small scale improvements – was found to be the most desirable property type. Meanwhile, a move-in ready property is popular among 22% of home movers due to its energy efficiency. Only 16% of buyers expressed an interest in ‘fixer uppers’, marking a shift away from major renovation projects. A quarter (27%) of respondents said this is because they don’t have time to make significant improvements to a home, highlighting the impact of busy lifestyles on home preferences.

Whatever type of home you’re buying, professional mortgage advice is essential.

 

Your home may be repossessed if you do not keep up repayments on your mortgage
*Jackson-Stops, 2024

31 December, 2024

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