Buyers are willing to spend more on a character property

Buyers are willing to spend more on a character property

When looking for a home we all have certain features that we are particular about and it seems that UK homeowners are seeking such features as wood burning stoves, high ceilings and they are even willing to pay more for homes with that extra bit of character.

Research from fuel distributor heatingoil.co.uk, looked into the some of the most desirable character features and how much some buyers are willing to pay for them.

The survey revealed that high ceilings (15%), original fireplaces (14%), a wood burning stove (13%), an AGA/range cooker (11%) and original flooring (9%) made the top of the list and buyers are clearly willing to dig a little deeper into their pockets for them.

According to the results of this survey, participants were willing to spend an additional &740 on average for high ceilings and AGA cookers are considered to be worth an additional &700 to the cost of the home from the buyer’s perspective.

In addition to this, the results also found that some buyers are willing to sacrifice other luxuries for home with that extra bit of charm, with 9% of respondents stating they would sacrifice good transport links and being located close all the necessary amenities in exchange for a character property.

The survey also found that homeowners are very keen to add character to their own home for a variety of reasons. 49% of the respondents are simply looking to put their own sense of style into their home, 29% believe it will add value and 25% of respondents within the 18-24 year old range see character features as a status symbol.

Director of Marketing at heatingoil.co.uk, Angus Blundell, commented on the results of the survey stating that “There was once a trend for ripping out features in old homes to make the way for dust free minimalism, but we are glad that people are falling in love again with character features.”

Blundell went on to say that “Many home owners now see character features as luxurious and are putting wood burning stoves, AGAs and roll top baths back in their homes. These are not only coveted home accessories but often sensible options in terms of energy. AGAs and wood burning stoves not only look great but they are brilliant for heating.”