Fast broadband connections to a property are increasingly becoming more and more important to homebuyers. It is thought that a home without broadband or with a slow broadband connection could be worth up to 20% less than a property with a good fast broadband connection.
Because the internet usage is continuing to grow in peoples everyday lives the need for fast and reliable broadband connections also increases. Many people now stream TV shows online daily such as via Netflix or the BBC iPlayer which require a good broadband connection to run well. There is also an ever increasing number of home works too who require good internet connections to work from home.
If people can’t perform these sorts of tasks at home then it could really devalue a property to them or even completely put them off their list altogether.
In this last week we have seen Rightmove, the online property search website, now include a speed checker link on the property details for each property that is listed with them.
Bernard Phillips from Rightmove, said:
“We already offer a number of tools to help consumers make informed decisions about a property, and we’re pleased to be the first to add broadband speeds to this. Broadband has become ingrained in people’s lives and is an important factor when choosing a home.”
The government’s target of superfast broadband for 95% of the UK by 2017 should hopefully help with this issue, but there will still be plenty of rural properties that will struggle to get to these sort of speeds. A superfast broadband connection is classed as a broadband connection of 24Mb or above.