A local housebuilder has uncovered the most common house frustrations in the East Midlands.
Research carried out by Redrow shows that while the majority of homeowners in the East Midlands are currently fed up with various aspects of their home, home heartbreak actually settles in within just the first 12 months for almost a fifth (19%) of homeowners.
For those that are starting to feel the ‘house itch’, Redrow has revealed the five signs that it’s time to move:
High energy bills
If rising energy bills are pinching your purse strings, now could be the time to explore a brand-new, more energy-efficient home.
Research by The House Builders Federation suggests the average buyer of a new home could save more than £180 a month on their energy bills compared with those living in older houses. Redrow homes are already among the most efficient available and the homebuilder has been developing ways to make them even more so over recent years, including the use of air source heat pumps to replace gas boilers.
DIY SOS
Redrow research shows that 21% of East Midlands homeowners have undertaken DIY projects when becoming frustrated with their home. Although a few updates here and there might not result in a property becoming a money pit, older houses inevitably cost more to maintain than newer properties, as age and wear-and-tear take their toll.
Research by the HBF suggests it costs more than £70,000 to bring an older property to the same standard as a new three-bedroom semi-detached home.
Endless browsing
You may be finding yourself scrolling through estate agent websites or property apps, imagining yourself in a new home. If you’re asking yourself is now a good time to move house, you’re not alone and finding one is easier than ever before.
Almost 41% of East Midlands homeowners will use a property app to search for their new home. Redrow’s new app offers the quickest and easiest way to find their new home.
‘Homescapes’
How we use the space in our homes has changed in recent years, and if your home just isn’t working for you anymore, it might be time to change. Whether that’s a separate kitchen and dining area, or perhaps you want extra space to workout at home or room for the children to play, with Redrow you can choose the layout that meets your needs.
Space race
Needing more space can become apparent as your family grows or the routine of the new year sets in. 16% of East Midlands homeowners admit they are envious of their friends and family who have more storage space, and this is usually split by a generational gap, with 83% of younger homeowners across the nation being frustrated with their lack of space.
Ryan O’Sullivan, Sales Director at Redrow East Midlands, said: “Here at Redrow East Midlands, we’re committed to helping homeowners find a home they can love long-term.
“We have a wide range of homes for potential buyers to explore, and with such a need for energy-efficient features, eco-electric homes are available on all new and upcoming Redrow developments.
“With the news of mortgage rates being slashed for the first time in over seven months and interest rates declining, 2024 could be the perfect year to find your new forever home – we’d encourage anyone looking at buying a new home in the East Midlands to come along and speak to our team.”
No matter your reason to move, Redrow has various schemes available to help you sell your existing property so you can enjoy your new home sooner rather than later.
Redrow East Midlands currently has seven developments across Nottinghamshire, Leicestershire and Derbyshire, all with excellent transport links across the region making them a great location for commuters and explorers alike. With homes from Redrow’s award-winning Heritage collection ranging from one and two-bedroom properties ideal for first-time buyers and young professionals, to three, four and five-bedroom houses perfect for growing families there is something for everyone.
