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Why do people buy Persimmon / Barratt / New-built houses ?
woodsford
Posts: 62 Forumite
A bit of background, there are a few new homes (such as Persimmon / Barratt) being built near to the area I live in and we have read the following:
1) They don't look like they were built with good materials and look as if they could fall apart easily.
2) They're priced well above what nice old houses go for around here. Around £60k or more - plus these nice old houses tend to have more space internally and externally.
3) They tend to age quickly and lose value if you sell it 3+ years down the line.
4) The space inside is quite cramped and garden tend to be small.
5) Lots of reviews on here and online about issues with Persimmon / new built homes.
6) These homes are being built on floodplains and they get flooded almost every 2 years
Excuse me for the direct question - why do people still buy these homes?
Possible answers in my head:
1) People cannot afford older houses therefore resort to Help to Buy as it is the only way for them to get on the ladder?
2) Inexperienced / not having done their own due dilgence?
3) Prefer to live in a brand new house?
4) Status thing?
1) They don't look like they were built with good materials and look as if they could fall apart easily.
2) They're priced well above what nice old houses go for around here. Around £60k or more - plus these nice old houses tend to have more space internally and externally.
3) They tend to age quickly and lose value if you sell it 3+ years down the line.
4) The space inside is quite cramped and garden tend to be small.
5) Lots of reviews on here and online about issues with Persimmon / new built homes.
6) These homes are being built on floodplains and they get flooded almost every 2 years
Excuse me for the direct question - why do people still buy these homes?
Possible answers in my head:
1) People cannot afford older houses therefore resort to Help to Buy as it is the only way for them to get on the ladder?
2) Inexperienced / not having done their own due dilgence?
3) Prefer to live in a brand new house?
4) Status thing?
0
Comments
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For my friend who recently bought (part of) a new build, it was because they could only afford shared ownership.
Some people think it means less work/less chance of things going wrong. I don't think many are under that illusion for very long after they move in.4 -
They buy them because they can afford them due to government intervention to keep the building companies happy.5
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The last new house I bought in 2004 wasn't particularly over priced in comparison, it did go up in value and I didn't ever have to do any maintenance to speak of (I sold it this year.)
I think it is nice to be the first owner, but for us, it was in the right area and affordable. The room sizes might not have been huge, but at least there was a garden which many older houses near me don't have.
My 'new' 200 yr old cottage I've moved to requires months/years of expensive work - I enjoy it, but not everyone does, or has the interest/money/vision to be bothered with older houses3 -
With the Persimmon homes i think people buy them because they offer such exceptional value for money. Not sure why anyone would buy a Barratt when you could have a Persimmon though.1
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The idea of something shiny and new and general stupidity....1
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moneysavinghero said:With the Persimmon homes i think people buy them because they offer such exceptional value for money. Not sure why anyone would buy a Barratt when you could have a Persimmon though.
May I ask why you think they offer exceptional value for money? Or is this sarcasm?
(Sorry - difficult to gauge underlying message/tone online)
1 -
Give it a rest. All you do is spam about persimmon.moneysavinghero said:With the Persimmon homes i think people buy them because they offer such exceptional value for money. Not sure why anyone would buy a Barratt when you could have a Persimmon though.DIP 09/02/21
Offer on property 17/02/21
Offer accepted 18/02/21
Mortgage application submitted 22/02/21
Desktop valuation 22/02/21
Mortgage offer received 22/02/21
Solicitor instructed 23/02/21
Draft contract received and enquiries sent 02/03/21
searches back 08/03/21
Enquiries back 10/06/21
Exchanged 23/06/216 -
Do you think you're having any impact with this spamminess? It's just weird.moneysavinghero said:With the Persimmon homes i think people buy them because they offer such exceptional value for money. Not sure why anyone would buy a Barratt when you could have a Persimmon though.Nobody that works for persimmon even cares that much for it.Everything that is supposed to be in heaven is already here on earth.
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Look at the average cost of a UK home and the average cost of a wonderful Persimmon home - great value.woodsford said:moneysavinghero said:With the Persimmon homes i think people buy them because they offer such exceptional value for money. Not sure why anyone would buy a Barratt when you could have a Persimmon though.
May I ask why you think they offer exceptional value for money? Or is this sarcasm?
(Sorry - difficult to gauge underlying message/tone online)
Look at the average cost of a Persimmon New Build and the average cost of New Builds in general - 17% cheaper for a Persimmon, great value.-1 -
OP, I'm no fan of big developer houses and there's some truth in things that you say, but each you've exaggerated each point beyond truth, and not every point (without exaggeration) applies.Old houses are also unreliable.It's not easy to buy any house if you don't know houses.Everything that is supposed to be in heaven is already here on earth.
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