Buyers and renters - don’t forget due diligence of broadband speeds

There are a lot of considerations to make when buying a home but one that continues to move up buyer’s checklists is internet speed. The growth in the popularity of working from home has made broadband speeds key when searching for a property.

Due to the growing number of people working from home apps such as Skype, and Facetime have become essential to many businesses. Therefore, internet speeds have also grown in importance for many when choosing where to live.

Data from ISPreview found that 54.7% of people would reject an ideal house if it couldn’t deliver their desired speed. This percentage is likely to only increase over time as millennials increasingly look to get onto the property ladder.

When house hunting, it is important that buyers should not discount a property just due to its internet, as it is important to look at the future potential for faster broadband. In many areas across London there are impending plans to update the infrastructure.

Stephen Ludlow, Chairman at Ludlowthompson, comments: “Good broadband speeds are increasingly a must of have for buyers.”

“Fast broadband can not only make it easier for sellers to find a buyer but also make it easier for landlords to find a tenant.”

“A greater emphasis now needs to be placed by buyers on internet speeds as its importance continues to grow.”

Tenants can use the Tili assistant via the website or app to set up services for their new home in just a few minutes. Tili assistant can also be used to notify the local council of your move and set up energy providers and other home-related services ready for when you move in. To find out more click here.