"Homeowners demand more insight when buying property" - Housebuilder & Developer

  • Date: 13/05/2015

'More than three-quarters (79%) of UK adults think additional information beyond the property particulars currently provided by estate agents would be helpful when it comes to purchasing a property. According to the 2015 Homeowner Survey* conducted by BLP Insurance in conjunction with the HomeOwners Alliance, prospective buyers would like to be able to measure the affordability of running their new home in advance of making an offer on a property.

'Wayne Tonge, Head of Sales at BLP Insurance, says: “Property is without a doubt the biggest investment most people will ever make and with house prices in the UK on the rise, consumers are becoming savvier about how much it is going to cost to maintain and run their new home. It is important that aspiring homeowners are armed with this information so that they can make the right decision when looking for their dream home.

“Perhaps more significantly is the long-term industry merit of driving standards higher by providing this information at the point of sale. With activity in the construction industry on the up as local authorities and developers attempt to meet the housing shortfall, there is a real risk that building standards will slip. Accurately labelling the property in terms of its output will not only provide consumers with a better route to quality, but will also encourage developers to boost the sustainability of the new-build housing market.”'

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