10 Deal-Breakers for Property Buyers

A recent study found that two-thirds of people currently not on the property ladder do not expect to ever be in a position to buy their first property. That means it's more difficult than ever for property developers to achieve quick sales on their new builds.

If you're a property developer looking to build and then sell homes, it may be beneficial to know some of these decision-making factors buyers consider before making their purchase.

1. Safe neighbourhood - Ultimately, people want to be safe, so will exclusively look in areas they know are as close to being crime-free as possible. If you're looking for a quick sale on the homes you're building, going for a nice neighbourhood will be important.

2. Up and coming neighbourhood - As with any investment of this size, people are looking for good value and the potential for return. An up and coming neighbourhood could therefore offer greater value and potential for price increases than somewhere well-established.

3. Near schools - Parents or would-be parents will look for properties that are located near good quality schools, where their children can get a top-notch education.

4. Good commuter links - Another factor you may wish to use when choosing the location for your development is its proximity to helpful commuter links. Buyers will be looking for homes near train stations, bus routes or tram links.

5. Spacious living - Nobody wants to live in a rabbit warren (except rabbits, presumably); instead, they want space to enjoy their home. While there may be more value for you in cramming as many homes into a single space as possible, many buyers will be on the look out for a larger space to live in.

6. Nice garden - For many buyers, having a nice garden where they can entertain their friends and family, relax and let their children play will be a major deal-breaker. While not possible for flats, if you're planning the development of houses, it could be advisable to leave plenty of space for a garden.

7. Central heating - Anyone who has ever used heating devices that are not controlled by a central boiler will know the cost of keeping their homes warm. Central heating will therefore often be a significant factor in their decision-making.

8. Double glazing - It's also important that any new property's you build have good quality windows to help them retain the heat providing by their central heating system.

9. Sound insulation - If you're building homes that are close to other properties, providing adequate levels of sound insulation will be crucial to allowing buyers to live somewhere that offers them privacy, as well as peace and quiet. If the quality is not high enough, expect buyers to look elsewhere for their new home.

10. Parking - The number one gripe amongst neighbours is in relation to parking. It's therefore no surprise that many buyers will only look at properties where they know there is plenty of parking space for them. Overlooking this in your developments could therefore have a damaging impact on the quick sale you're looking for.

Source: http://ezinearticles.com/6314137

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