Alongside Location Private Outdoor Space is Becoming a Top Priority for Buying a Home and Home Renovators

Written by Posted On Thursday, 20 September 2018 09:10

We all know price, is a top features for buying a home is is size and location to work and family  but increasing now a main factor for home buyers is a private outdoor space and features.


“People value the private outdoor space of their property as a top priority. The place to bond and grow with children, family and friends and to shelter from the hussle of everyday life. Also a great way to ensure a good future growth for your property in price and desirability!” -  Bridging Loans and Property Development Finance Experts BWG finance

This is the surprising outcome of a new survey. The respondents interviewed in the poll said that when it comes to buying or renting a home, top of their must-haves after the price is not the location, number of bedrooms or size of the property. It is the size and features of the outdoor space that belongs to the homeowner.  

The survey which was conducted by business insider interviewed said the cost of the property was the most significant feature when purchasing but  renovating their home was a huge priority with 11% making this a top priority.

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That view cut across different age groups among respondents, which analyses as 75% of baby boomers, 82% of gen-xers and 83% of millennials.  

However, generally for all the respondents, the next key feature of a desirable property was its private outdoor space – whether a outdoor garden or yard yard even just a balcony.

Specifically, 65% of the survey population held this view. Fifty five percent of the respondents however prioritized bedroom after the cost of the property, while 52% said their next favourite feature after price was the overall square footage.

Buying A House 2018

Fifty one percent of the people interview said their next most important element was the storage space, making it the fifth on the list of property must-haves of BC residents. A smaller percentage of the survey population (49%) said walking distance to amenities is most important to them.

When further evaluated by age group, the outcome of the poll showed that millennials (63%) prioritized the proximity of their home to their workplace, putting that requirement in second place after prize in their list of property must-haves.  

Next on their top list for a home was access to transit (55%), followed by the number of bedrooms, the square footage and, lastly, private outdoor space in sixth place.

"The millennials priority list stands in sharp contrast to a large section of respondents in the generation x and baby boomers age group who put outside space ahead of other vital features (besides costs) of a preferred home." Out experts from BWG finance who also can beat UK bank bridging loans

In third place on the list of must-haves for gen-xers was the number of bedrooms, followed by proximity to work and storage space.

For baby boomers, however, indoor parking is the next most important feature of a home after price and private outdoor space.  Their fourth and fifth most important areas of concerns were storage and the reputation of the developer or management.

Analyzing the report during a presentation, to a London audience was that gen-xers and boomers considered private outdoor space more important than millennials; who instead prioritized proximity of the property to their work.

Among other analyses, the result of the survey emphasizes the importance of engaging an experienced team of realtors to help both buyers and sellers by providing a highly successful and fast sale to the seller and an essential aid to the buyer.

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James Stevenson

Hi, My name is James and I've been involved in the property and real estate industry for 10 years now. I hope people will like to read about my thoughts and experiences in the industry and please contact me if you want to discuss my articles further!

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