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22/10/2010

Savvy Homebuyers Look To Save Time And Money In Current Climate

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New research by housebuilder Galliford Try Homes shows that 60% of people are attracted to new homes because they are easier and less costly to maintain.

The top ten housebuilder surveyed 1,373 UK adults to ascertain their views on newly built properties to coincide with the UK-wide New Homes Month which runs until October 3rd. The research highlights how buyers are adapting to the current economic and property market conditions by looking to save both time and money when buying a new home.

Over 55% of those surveyed are also drawn to newly built properties because of their energy efficiency, with 62 % believing that the reduction of fuel bills is just as important as reducing environmental impact.

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The results also revealed that energy efficient homes become more important as buyers get older. More than 60% of the 45-65 plus age group acknowledged the attraction of energy efficient homes compared to just over 40% of 18-45 year olds questioned.

Ian Baker, Group Managing Director for Housebuilding at Galliford Try Homes commented: "This survey highlights that the pressures of modern life are changing what house hunters are looking for. Buyers increasingly want a home that makes their life easier, while also cutting their living costs, and newly built homes can offer significant cash savings over older properties.

"The buying process is generally less stressful and uncertain when buying a new build home and with the added benefit of valuable incentives, such as Part Exchange, new homes offer a more attractive option for buyers over the secondhand market.

"There are also the fundamental elements of new properties, such as the design and specification, that allow people to live more comfortably by removing the need to make costly changes, such as fitting new kitchens and bathrooms, once they have moved in.

"This survey shows that the combined environmental and long-term financial benefits of energy efficient new homes are increasingly attractive to buyers."

(CD)

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