Not sure if my title makes complete sense so I'll try to explain.
We are looking to buy a house. Our budget is £630k. We have found loads of nice ones for around £500k that would be do-able, with nice gardens, but we just want a little more space, an extra room, etc. But the ones for £600k ish are only marginally better than the ones for £500k! They do tend to have more space (maybe an extra 200-300 sq ft?) but inevitably don't have as big as a garden, and/or have rubbish parking. I feel like it's weird. I look at the £500k house and think, it's nice, but I wish it were an extra £100k and just a little bigger. But there is nothing on the market that seems like that; an extra £100k doesn't seem to get you much more. Is this just a sign of the times, or do you always tend to get less for your money as the price increases, or am I just being unrealistic about what I should get for an extra £100k? Genuinely curious. We don't really want to buy one of the 'good enough' £500k homes if we can get something nicer at the higher end of our budget (it will make very little difference to monthly repayments and this is supposed to be our forever home - or at least for the next 10-20 years, until the kids leave school.. plus surely better long term financial investment)... but I can't help thinking that there really isn't all that much difference between the houses advertised for £500k and the houses advertised for £600k right now!
Hope that made sense to someone!
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Do you get less for your money, the more expensive the house?
13 replies
surreygirl1987 · 12/06/2021 17:50
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