Our lives are constantly evolving. Changing attitudes, rising living costs, and a global pandemic means that people’s priorities have shifted – and this is filtering to our homes. The pandemic has caused a massive, sudden shift in the way we live and work as well as created new problems with affordability, accessibility, and sustainability. What could the homes of the future look like with this in mind?
This article does not constitute advice. Professional advice should be taken prior to acting on any part of it. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Rest and recharge
While a home should always be a place to rest and recharge, it has become even more important that your home feels like a comfortable place because the amount of time you spend there has increased in recent years. Your home has had to function as a school or a workplace while also serving as a home, and it has caused many people to rethink what is top of their priority list.
Besides bigger homes and access to outdoor space, people want energy-efficient and modernised homes as well. With the energy price increases hitting hard this year, having an energy efficient, sustainable home has become even more desirable. But despite these desires, availability and affordability still remains an issue.
There’s no doubt that the pandemic has exacerbated some of the issues in the housing market. But it has also presented a new challenge – sustainability. In trying to meet the task of reducing carbon emissions, many homeowners are struggling to figure out how to improve their energy efficiency and how to implement those changes.
Aspirations of owning a home
It’s tough to get onto the property ladder, but owning a home is still one of the most sought after dreams for people. Young homeowners or those in expensive areas are paying astronomical prices and those wanting to buy a home for the first time are frustrated by the lack of older homeowners who want to downsize. For many, it seems like moving on from renting is nothing more than a pipe dream. While home ownership rates have gone up in recent years, they are still well below the peak of ownership.
The current world has forced us to change how we think and feel about our homes. Medical and dental professionals don’t often have the luxury of working from home, but you still might have found that this has increased more recently – and it’s possible that this might continue. So, it’s more important than ever that your home is a space where you can both live and work.
You might have different needs in mind when searching for a home because of this – a dedicated office space to help create distance, for instance, might be your priority. In the past, this might have been something that would be nice to have, but with the future uncertain, it’s become more of an essential.
Not sure where to start?
Whether you are looking to buy a new home or sell your current property so you can move to another one, we can help you with your plans. A mortgage adviser helps you during the entire process, from searching to signing and when it comes to mortgages, it’s not one size fits all, especially for doctors who have special requirements. To discuss your mortgage options, contact Dental & Medical Financial Services today.