According to a new survey compiled for the Home Builders Federation, three quarters of those seeking a home would consider buying new, with 38% citing energy efficiency as their number one reason.
Closely following this reason were: being free from DIY tasks at 35%; and “acquiring a complete blank canvas” at 34% of respondents.
The research also revealed that two out of three of non-home owners wish to own their own home, with this figure rising to 78% amongst 18-24-year-olds and 83% within the 25-34-year-old group.
These statistics are released as New Homes Week launches this week (May 13 – 17). This is a week of the year “dedicated to the numerous benefits of buying new”, providing “valuable information to those weighing up their home buying options”, HBF explained.
As part of the event, and in view of HBF’s research results, interior stylist Sophie Robinson will show how she applies bold colour and contemporary design to create comfortable interiors for all types of buyer, HBF said.
With the average spend on home improvements totalling £13,472, HBF added that the appeal of new build homes was apparent. Of this total, decorating produced the highest expenditure with 68% of home owner respondents to the survey undertaking this, and 43% carrying out kitchen and bathroom renovations.
Sophie Robinson said: “Moving into a new home is a fantastic opportunity to discover your personal taste, refresh your style and relish the freshly decorated space and beautiful new fixtures and fittings.”
Stewart Baseley, HBF’s executive chairman, commented: “New homes are energy efficient, saving buyers hundreds a year in running costs and there is no need to spend thousands upgrading a home with brand new fixtures and fittings throughout. If practical reassurances are what you are seeking, then buying new is a great way to assure peace of mind.”