News | 3 months ago

Getting on the property ladder is no mean feat, but, according to a new survey, the struggle is far from over when you finally get the keys to your own home.

As anyone who's still using their garden furniture as a dining table will attest, this year's first-time buyers are struggling through the first few months of home ownership without essential items of furniture and appliances - and turning to unusual ways to make do.

A study of 1,007 first time buyers carried out by Furniture123, found 68% have had to temporarily sleep on a mattress on the floor in the absence of a bed.

Meanwhile 61% have stored their clothes on a temporary clothes rail as they didn’t have a wardrobe, while 65% have balanced their TV on items, like boxes.

And, more than half (53%) of respondents have resorted to a cool box for chilled items in place of a fridge.

Despite this, just 21% claim to have gone more than two weeks without wifi, and less than one in 10 (8%) have gone without a TV - suggesting many are putting connectivity first before comfort.

62% of those who found themselves in these situations said this was due to a lack of funds and the rising costs of getting on the property ladder, while one in four (27%) said it was because of poor planning and they were waiting for items to arrive.

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On average, it takes first time buyers 46 weeks or 11.5 months to fully furnish their home.

 

 

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news, money, Property, Buying a home, first-time buyers