It’s a new dawn, it’s a new year, it’s a new home…and we’re feeling good!

2023 set to be the year first-time buyers get on the property ladder

One of the biggest life events of all, without a doubt, is moving house – especially when you’re a first-time buyer. Despite delays from the pandemic and the impact of the cost-of-living crisis, first-time buyers are still keen to get their foot on the property ladder.

Up 120% in the last 90 days on Google, ‘first homes scheme near me’ clearly indicates that new home hunters are ready to make the move in 2023. Google trends searches surrounding ‘should I buy a house now’ (up 200% in the past 90 days) and ‘house price forecast 2023’ (up by 100% in past 90 days), also show that the status of ‘homeowner’ is one that people are ready to grab hold of this year.

But, what exactly do first-time buyers want to know when looking for their dream home in 2023? National and award-winning housebuilder, St. Modwen Homes, unveils all complete with practical advice on how you can make your vision become reality this year.

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Offers and Incentives

Saving for your deposit can seem like the hardest part of your house hunting journey – maybe you’re sacrificing nights out, takeaways, or even holidays to work towards your dream of being a homeowner. And with Google trends searches such as ‘how to save for a house deposit’, up 140% (last 90 days), it’s clear the nation is on a saving drive. Luckily, with a range of schemes available, you can keep life’s little luxuries and make your deposit work harder and go further.

Schemes such as the Deposit Unlock scheme and Help to Buy (Wales only) means you can put down just a 5% cash deposit on a St. Modwen Homes property. For a £300,000 home, you only need to save £15,000, rather than £30,000. Any extra cash you put aside could go towards your new home essentials like furniture, or maybe you could treat yourself to a celebratory weekend to toast your new homeowner status.

If Deposit Unlock isn’t right for you, first-time buyers can also tap into St. Modwen Homes’ First-Time Buyer Boost scheme. With this, all your solicitor fees will be covered, plus you can choose the flooring and carpets in your new home*. There’s no time like the present, so get the colour charts and fabric swatches out and enjoy the excitement of being a new homeowner, the right way.

And don’t forget – as of September 2022, first time buyers pay zero stamp duty tax on properties worth up to £425,000. This relief scheme is set to last until 31st March 2025, so make sure you don’t dawdle and take advantage of it.

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Moving out

So, you’ve secured your new home and your paperwork is all set – congratulations! The next step is packing up and moving out of your current place. Whether you live with parents, or in rented accommodation, there are a few essentials to keep in mind ahead of moving day.

Taking a look into the most common searches such as ‘cost of moving house’ (110% increase, last 90 days) and ‘moving into a new house checklist’ (up 70% last 90 days), St. Modwen Homes reveals all you need to know when it comes to D-day:

Packing: You don’t want to feel rushed off your feet a week before you move out. So, start your packing early, and see it as a chance to de-clutter as you go. If you’ve been hanging on to a bag of clothes since you were 16, maybe now’s the time to donate them. Same goes for those hand-me-down plates your Great Aunt thought you might like. Don’t move with your junk if you can help it!

Cleaning: When you finally finish packing and removing any furniture and boxes from your property, cleaning is the last hurdle. Completing a final deep-clean helps to bring closure to the home, cleansing it of all the memories you will take with you. Plus, if you are in rented accommodation, a thorough clean is essential for getting that deposit back. Leave yourself enough time to mop, dust, and vacuum once all the boxes are out – you’ll be amazed at how much grime may be lurking behind the sofa.

Ordering new furniture or appliances: When moving into your first property, you likely need to invest in some staples to officially make your house a home. Essentials such as beds and fridges need to arrive within your first day or two of being in your new property. So, get prepared and order in advance. Remember to set a delivery date so you know exactly when things are turning up.

Utilities and Tech Essentials: No one wants to be stuck in their new home with no internet and no TV! Make sure you get your technology set up ready for day one – after all, you’ll be needing some Netflix to unwind with after all the madness of moving. Contact existing providers to transfer your current service or set up new deals in anticipation. Take advantage of the move to haggle for the best deals and snap up first-time buyer offers that might be out there.

To make the whole moving process smooth and stress free, why not use St. Modwen Homes’ handy checklist? It takes you through the whole timeline of buying a new house and moving in, from reservation, to completion, to picking up your keys.

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Choose a new build

The age-old question…new build vs existing build. Depending on what you’re looking for and what your budget is, it might be a close-run call between the two. However, with search terms like ‘new home developments’ up 400% in the last 30 days (Google), it seems like there’s a clear winner in this race.

New build homes have obvious benefits such as no onward chain, so there’s no waiting around for other sellers and estate agents to click into place before you can pick up your keys. But, ease of moving aside, new builds have a whole host of longer-term gains to consider too.

New-build homes are much more energy efficient than older buildings. Most St. Modwen homes are EPC rated A or B, meaning they require less energy to run, and are well insulated to be efficient with the energy that is used. To put this into perspective, choosing a new St. Modwen home over a similar sized Victorian property could save you over a huge £2,000 a month on your energy bills. And we are all for looking at smart, savvy ways to save money this year.

Aside from the energy benefits, choosing a new-build property from St. Modwen Homes means you can personalise your home before you even move in. Spec out your choice of carpets, flooring, and kitchen cabinets to create a chic space your guests will be jealous of. Add cupboards or built-in wardrobes, so those plates we spoke about earlier will have an organised home (we knew you couldn’t part with them). Whatever your personalisation plan, you can begin making your house a home before you even put your key in the door.

So, with all there is to know, its clear first-time buyers are set to make 2023 the year of their new home, planting feet firmly on the property ladder. By making your deposit work harder, taking advantage of developer offers, and approaching buying a house with a cool head, you’ll soon be popping open the bubbles to celebrate!

Ready to find the home you’ve been waiting for? Start your search today and discover more about St. Modwen Homes.

*T&Cs apply.

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