Young people are given unreasonably high expectations for purchasing their first homes by memories of their childhood homes, according to a survey by Lloyds Bank Insurance.
Many first time buyers admitted that their first homes would never live up to the memories of where they grew up and one in four property owners still refer to their parents’ house as “home”.
Over 50% of the 2,000 buyers surveyed felt dissatisfied with the first home they purchased and considered it neither their dream home nor their family home. Others said they didn’t have enough money to adapt the house to their liking and 26% said their house was not in the right area.
In the survey many homeowners said they had failed to find homes with traditional rooms such as a panty and a dining room which they remembered from their childhood; and fireplaces were also remembered fondly.
Many admitted, however, that their homes were now filled with gadgets and much more cluttered than their childhood homes. 86% said they had a flat screen tv; 40% had a coffee maker and 33% had a bread maker.
Childhood memories figure strongly throughout your life and we find the majority of our clients moving to West Wales are drawn here by memories of idyllic holidays spent here as a child or they lived here as a child, moved away, are now in the fortunate position of being able to return to here to live or to purchase a second home here.
If you are looking for a property in West Wales, then we would be delighted to help you. Please contact Carol Peett on 01834 862816; email carol@westwalespropertyfinders.co.uk or check out our website at www.westwalespropertyfinders.co.uk.
