First-time buyers regret making sacrifices
Many first-time buyers regret making sacrifices in order to
purchase their first home.
Research from comparison website money.co.uk revealed one in ten
first-time buyers feel the compromises needed to become a homeowner
outweigh the benefits.
A total of 40 per cent felt they had to move away from family in
order to find an affordable home, while 31 per cent believed they
were forced to move away from friends. People also had to make
compromises on their first home, with 25 per cent opting for
properties with fewer bedrooms and 15 per cent sacrificed outdoor
Some new homeowners also felt they had moved into areas with higher
crime rates, resulting in increased car and home insurance
First-time buyers also believe becoming a homeowner has impacted on
their health, with 25 per cent reporting increased stress levels,
19 per cent more anxiety and eight per cent developed
Hannah Maundrell, editor-in-chief at money.co.uk, said: "Getting a
foot on the property ladder requires more and more sacrifice as
"We no longer have the luxury of thinking 'location, location,
location', the harsh reality is, it's a case of buying where you
"Quality of life and personal wellbeing are a big priority that
shouldn't be overlooked."