Buying your first home is an exciting milestone, but in 2025, the UK housing market presents some unique challenges. With rising property prices, fluctuating interest rates and various government incentives, there are a few important things first time buyers should consider before taking the plunge. Here Is our expert advice to help you navigate the market.
1. Affordability and budgeting
Affordability is the number one priority for first time buyers. With property prices continuing to rise, it’s essential to set your budget early on. Think about how much you can afford for a deposit, monthly mortgage payments and any other costs that come with homeownership. There are government schemes like Help to Buy and Shared Ownership, which can help lower the deposit required or allow you to purchase a smaller share of the property.
When it comes to mortgages, we have our very own in house advisors who can guide you through the process, we work closely with Dan and Luke from SMH Finance, who can help you shop around for the best mortgage deals to ensure you get the right deal for your circumstances.
2. Location and growth potential
Location is a key factor in your decision making process. It's important to research areas that balance affordability with potential for future growth. Look for places with good transport links, local amenities and close proximity to city centres. Many first time buyers in 2025 are choosing areas outside of city centres, where they can get more value for their money while still being close enough to work and leisure activities. Also, look for areas with regeneration projects – these can significantly increase property values over time.
3. Energy efficiency and running costs
With rising energy costs, energy efficiency has become more important than ever. Homes with a good EPC rating, modern heating systems and solid insulation can help you save on utility bills in the long run. As a first time buyer, prioritising homes with eco-friendly features such as solar panels or energy-efficient appliances can be a great way to ensure your new home is not only cheaper to run but will also appeal to future buyers when the time comes to move on.
4. Size and layout
While your first home might not be your forever home, it’s important to consider the layout and potential for growth. Look for properties that can adapt to your future needs – whether that’s a spare bedroom for a growing family, a home office, or space for renovations. A home with potential to expand or renovate offers great long-term value.
Ready to find your first home?
If you are ready to take the next step, Richard Kendall Estate Agent is here to guide you every step of the way. Our expert team can offer tailored advice to help you find the right home at the right price.
Speak to a property expert today, and let’s get started on making your homeownership dream a reality.
