Having a faster broadband connection could add value to your home

Having a faster broadband connection could add value to your home

With the property market not in its best position in the current economic climate, it can be difficult to find unique selling points when putting your house on the market. But there has been a recent increase in requests for information about what broadband connection speeds are available from houses prospective buyers are looking at.

With many people now considering their broadband internet connections as one of their vital home utilities, along with gas, water and electricity, it wasn't surprising to see that half the people surveyed by internet service provider review website, ISPreview, would pay more for a house that could provide them a faster home broadband connection, much to the appreciation of those worried about sliding house prices.

Home broadband has become an increasingly competitive service in recent years, with nearly all the major broadband providers bundling a new phone line along with their internet services, or in Sky and Virgin's case, bundling television services along with it. It also saw a major surge in interest after TalkTalk introduced its industry shaking free broadband' offer in 2006.

The survey also revealed that not only would prospective home buyers consider a house in the higher end of their price range should it provide faster connection speeds, but also that if they were provided the option of having a broadband connection when abroad, that they would also consider paying that extra premium to use it.

Unfortunately, this premium that consumers are willing to pay has in turn caused a detrimental effect on the whole market, creating what many have dubbed the digital divide', where those who are able to afford it are able to connect to the internet, whilst those less well-off are unable to find the means to use a service that has become more and more of an essential utility.

The need for faster connections at a budget price has caused many different problems, with deals being misunderstood by consumers, or even causing telecommunications watchdog, OFCOM, to make sure ISP's adhere to a code of conduct that helps customers understand what broadband package they are signing up to.

Hopefully in the months to come, this new code of conduct, and request that ISPs state what connection speeds they can truly offer customers will help make the experience of applying for broadband one of the better ones, but it cannot be denied that in years to come, the need of a broadband connection, either through existing or next generation fibre optic offerings, may be the number one request for future homebuyers have on their checklists when looking for a new home.

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