New build homes & haggling.

Might as well aim high but I'll be surprised if you get anywhere near that! I got -20% (50k) off of a Bryant (Taylor Wimpey) property but that was in the first couple of months of 2009 so rock bottom in the recession.

Pretty good chunk of money off the list price but any of the 'premium' interior finishes were extra, no carpets or extra appliances.

Ta for that. Always worth a shot.

Do you remember how much extra they were charging for premium fixtures & fittings? such as door handles, switches, sockets, light fittings, better tiles etc? I'll find out tomorrow but I'm just curious.

I plan on providing my own fridge/freezer (as I want an american style one) and own washing machine.
 
To the OP ... personally, I would be investing that money elsewhere, 0% (stagnant prices) against 5+% (inflation) is a significant loss every year. Merv might be right about a short term inflation spike, but he hasn't got much right in the last 4 years, so why should he start now ? With an 85% deposit, the mortgage rates really matter little to you. The more important question is what is the opportunity cost of not investing the money elsewhere. Even just matching inflation with an RPI linked bond would be a better use of the money, until house prices are rising at least at the same rate as RPI.

If you really must buy a property right now, then it you aren't embarrassed to be making the offer, it isn't low enough.
 
Ta for that. Always worth a shot.

Do you remember how much extra they were charging for premium fixtures & fittings? such as door handles, switches, sockets, light fittings, better tiles etc? I'll find out tomorrow but I'm just curious.

I plan on providing my own fridge/freezer (as I want an american style one) and own washing machine.

I don't remember seeing about door handles or switches but I think extra sockets, tv/phone connections were about £40 each. The better tiles for a bathroom was something like £300-400. Tbh, its probably better to try to get a good deal on the list price and then pick and choose the extras later as you can easily spend £££'s on better worktops, wood/karndean floors, chrome this and chrome that :)
 
I don't remember seeing about door handles or switches but I think extra sockets, tv/phone connections were about £40 each. The better tiles for a bathroom was something like £300-400. Tbh, its probably better to try to get a good deal on the list price and then pick and choose the extras later as you can easily spend £££'s on better worktops, wood/karndean floors, chrome this and chrome that :)

Thanks.

I'd rather get a better list price than have a few extra bits of tat thrown in at a discount.
 
To the OP ... personally, I would be investing that money elsewhere, 0% (stagnant prices) against 5+% (inflation) is a significant loss every year.

You would be investing though, OP is looking for somewhere to live.
 
Well I was there from 11am till 5PM today :eek:

Only two plots were left from the first phase for the particular build I'm interested in, one was side on and an odd layout the other was the detached build but attached to a town house so in effect a semi-detached. The plots varied in price by £10k depending on location, garden size etc.

The rep priced this semi in the middle of this price range for the detached which I wasn't too sure about as surely being only semi it should be one of the cheapest. She said she could stretch to 5% and I said I was looking for nearer to 10% reduction (she went red in the face whilst looking at me with an expression I can't describe but it was hilarious!) (despite this particular build selling very well) I went off to wander round again and came back to a £15,000 reduction with £7,800 of stamp duty paid and £1000 to my legal fees. The properties already come turfed and with some extra cheap tat such as a door bell and a sky plug and play system + digital aerial. I wasn't interested in white goods as I will be providing my own fridge & washing machine etc and theirs were way over priced anyway!

I gave it some thought and went for another wander around. Considered it's location on the development which will be well out of the way of building work once the small corner it is on is finished which would be around the time of the build completion, October.

I decided I was happy with this but will be on the phone to head office first thing tomorrow morning to try and milk a further reduction.

The build itself I loved and the quality of the finish I had no problems with. I'm aware the show home has lots of extras however the build quality should be no different.

The upgrade pricing is quite frankly insane. For example a spotlight in the ceiling is £50, each! To tile the kitchen + dinning area + utility, hall, downstairs WC floor + half tile walls, fully tile the bathroom walls and floor & fully tile the en-suite bathroom walls & floor comes to just shy of £5400! An external socket outside is £85. To have chrome switches & sockets is £1100. Chrome towel radiators for bathrooms are £300 a piece.

The only half reasonable upgrades were door handles £5 or £10 with locks and to upgrade bathroom taps from nasty cheap ones to nice ones for £80.

I've got to sit down and work out the floor & wall areas and the cost of materials + having them done after the build is completed to see if it's a considerable saving or not.

I've agreed and paid a £2000 reservation fee which is £1900 refundable in the next 7 days and £1500 refundable after that up to 4 weeks which will be when the contract is presented. This is to be followed by a 5% deposit and then nothing else to pay until the build is complete in October.

I'm going to ring head office tomorrow and speak to them about their initial pricing of the property and see what can be done. Whilst the net price might not be able to be dropped credit for upgrades might be an acceptable offer.

Just thought I would update this as I'm sure anybody looking for a new home in the future from any developer may well find this useful. I don't doubt that some users here will scoff at the offer I have accepted however considering the development is having no trouble selling I don't think I've done too badly so far.
 
Glad to hear you went for it!

Can I ask if it is persimmon homes you went for?

You did very well getting all that discount and fees paid for, well done!

The extras are ridiculous, they wanted £600 to tile the kitchen floor. We managed to do it for just over £200. Wall tiles were the same, we are getting it done on Monday for about £300ish, but with tiles we could go out and choose.

Electrics were a nightmare, £50 for each spot light is a joke, just getting my mate to fit them for me.

If you can get to know the trademen on site, they will do some jobs for cash and save a lot of money!
 
So do you think there has been a paradigm shift since the 1990's and house prices at 7x earnings is the new 'norm'? How is that sustainable long term?
That's 7x average earnings. There's lots of people (especially in exspensive areas) that earn siginifactaly more than average. These ares also tend to have a serious shortage of good quality housing.

It is perfectly sustainable for more affluent areas to support average house prices of well above 7x average earnings.
 
Glad to hear you went for it!

Can I ask if it is persimmon homes you went for?

Thanks :)

The development is with Taylor Wimpey.

You did very well getting all that discount and fees paid for, well done!

After we left her to think the offer over while we went around to view it again when she came back to us she made it very clear that this was the best she could do and she still looked quite insulted :p

The extras are ridiculous, they wanted £600 to tile the kitchen floor. We managed to do it for just over £200. Wall tiles were the same, we are getting it done on Monday for about £300ish, but with tiles we could go out and choose.

The rep had said 'Our tiling prices are quite good actually'. I then sat down and worked out how much they wanted for each area. I used the estimate of £30 per sq.mtr for tiles and £30 for labour per sq.mtr. I was also over generous with the estimated area to be tiled and modeled some of the rooms in sketch up to help gauge this.

Kitchen, utility, Hall, WC// Theirs =£2828 Ours =£1560 Saving £852
En Suite(fully tile)// Theirs =£1008 Ours =£600 Saving= £408
Bathroom (fully tile)// Theirs =£1509 Ours=£1260 Saving =£249
Their Total=£5345 Our total =£3420 Total Saving = £1925

Electrics were a nightmare, £50 for each spot light is a joke, just getting my mate to fit them for me.

I'd thought about getting it done afterward but the cost of ripping up the flooring, removing insulation, rewiring etc probably wouldn't be too far off that I guess? 33 regular spot lights and then about 12 for the bathrooms which are £65 each due to being waterproof :( £7000 worth of extra's before tiling and carpets :eek:

Edit: Some snaps from the show home, fully loaded with extras:

https://skitch.com/BennyC/sets/b37/show-home
 
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