14 Jan Pennyfarthing Homes: Buying ‘Off Plan’ – there’s no time like the present
Even though the housing market is moving rapidly, the amount of time taken to exchange after a sale remains lengthy. Whilst finding a buyer might take less than a month, it often takes five to sign off the legal paperwork and hand over the keys.
Recent research by Zoopla has identified the time between putting a property up for sale and a move being completed is around six months. As a result, local housebuilder, Pennyfarthing Homes is advising buyers to think ahead when it comes to securing their dream home.
The firm, based in the New Forest in Hampshire, has recently launched its Buying Off Plan campaign which aims to highlight the benefits of buying your dream home now, rather than waiting.
Pennyfarthing offers an ‘Early Bird’ scheme where buyers can reserve their dream house for as little as £500, and crucially, it means they can look to the future, and start the process of selling their existing home, knowing their new one is under construction.
Buyers can cherry-pick the property that is just right for them at today’s prices, and then watch their new home taking shape, which can be tailored to their tastes from a range of options available.
There is the additional bonus that because the homes are new, there is no chain, and no need to wait for the existing occupants to move out.
Pennyfarthing Homes’ Sales & Marketing Director, Sheetal Smith, said: “Our Buying Off Plan campaign seeks to highlight that it’s smart to think ahead, and there are significant benefits when it comes to buying off plan, such as cherry-picking your property and the fact there is no chain.
“Crucially, with Pennyfarthing Homes you can reserve your perfect home several months in advance at today’s prices. The idea is that once you have sold your current property then your brand-new one, which is tailored to your tastes, is ready and waiting.”
She added: “Buying off plan can save homeowners time and money, and at Pennyfarthing Homes, we always seek to provide the best homes that we can. As a local firm we are proud of our reputation of providing quality homes in great locations.”
Case Study: Lauren Burnett, Augustus Park, Fordingbridge
For a perfect example of why buying off plan can be the smartest and easiest way to purchase a house, look no further than Lauren Burnett.
She moved into Pennyfarthing Homes’ Augustus Park scheme in Fordingbridge in September this year with her partner, Mason.
The couple were first-time buyers and felt the Overwood (a semi-detached three-bedroom property) would be ideal for their needs.
Lauren said: “As our chosen home was still under construction, we were able to make the most of Pennyfarthing Homes’ Early Bird reservation offer which meant we only needed to pay £500 to reserve our dream home. This then also gave us the chance to continue to save for several more months to build on our deposit.”
The couple also benefited from the Help to Buy scheme, which ensured their hard-earning savings went further.
Lauren added: “It was really great to watch our house being built. I visited the development several times to capture pictures of it as it was constructed. We were also able to pick different tiles and colour schemes. We paid an additional fee for Pennyfarthing Homes to install our chosen carpets throughout and tile our entrance hallway, so it was all ready for us to move into.”
A selection of 3 & 4 bed houses are available now at Potters Wood, with 1 & 2 bed apartments coming soon. For more details visit the Potters Wood webpage or call the sales office on 01202 403144.