Is there a reason you've gone for a new build? We've been looking at one as first time buyers because of the incentives but they are all just ghastly looking. Absolutely no character and generally just so poorly built.
The nervous wait to exchange....
- Thread starter noj
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Is there a reason you've gone for a new build? We've been looking at one as first time buyers because of the incentives but they are all just ghastly looking. Absolutely no character and generally just so poorly built.
Id quite happily live in a box. I want square rooms I hate cutouts in rooms and fireplaces just a waste of space.
Its mainly the fact of looking for used builds and getting outbid all the time. Just got back from seeing another but the guy is asking far too much for what it is but has multiple viewings booked in all week so he's going to get the asking price and probably even more. Its just mad. The new build is going to depend on what I can get for free and estate management fees.
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It seems pretty uncommon to have an asking price now with most being Offers Over or Offer above, we watched the market a little and decided to sell just befpre Xmas.
Best and final offers were yesterday with the "winner" being notably above the price we listed at (offers over) Id expect any property in a resonably decent state to go for at least 10% more than the list price
Were going for a new build on a local development (if we get the plot we want) developer is Storey Homes and they seem massively ahead of the other newbuils we looked at build, layout and quality wise
New builds are like cars, some are built at the cheaper end of the scale with mass-production, others are built by smaller builders that have a better reputation for build quality.
I bought a new build last year, build quality has been excellent and the handfull of small issues we've had have been resolved in a matter of days. (My house builder was Croudace for a point of reference). On price per sqm, it actually worked out cheaper than most of the local second hand homes due to the absurd house price increases in 2020/2021, whereas our builder kept their prices at the same cost since the development started in 2019.
Deleted User 298457
Deleted User 298457
Mine is going on the market tomorrow at +100k from when I bought it in April 2019. I've got my eyes on one that was listed at 800k but then reduced to 700k due to the work required. I've put in a cheeky offer at 670k. Fingers crossed mine goes quickly, it seems well priced given the neighbors has gone up with a lot of work required (525k) and one on the main road in pristine/extended condition is 600k.
Fingers crossed.
Fingers crossed.
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Aye were hoping that these new builds aren't gouged to **** price wise
We've guessed an approximate price based on their other developments and are very happy with the slight smaller (by about 100sqm) 5 bed.
We viewed them both and the larger one wasn't really worth the extra they're asking in either of our eyes.
We know the site/area and would like to stay here, all we know at the moment is they're opening the site/reservations in Feb atm got our eyes on a couple of plots that we would like just hope someone doesn't beat us to the plot
We've guessed an approximate price based on their other developments and are very happy with the slight smaller (by about 100sqm) 5 bed.
We viewed them both and the larger one wasn't really worth the extra they're asking in either of our eyes.
We know the site/area and would like to stay here, all we know at the moment is they're opening the site/reservations in Feb atm got our eyes on a couple of plots that we would like just hope someone doesn't beat us to the plot
I hope you meant either 100 sq.ft or 10sq.m here, as 100sq.m is nothing I'd call "slight"
I think the house we're offering on is less than 100sq.m in total!
Associate
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With the lack of stock I think prices in my area will rise beyond what we can mortgage now and I can’t save as quickly as the gap is increasing.
What winds me up is a max mortgage is about £200 less a month than I pay for rent (which will likely increase soon too).
What winds me up is a max mortgage is about £200 less a month than I pay for rent (which will likely increase soon too).
Soldato
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Rates can go up 10x from here in theory though hopefully not, thats why theres all the stress testing with a lot of leeway.
I would rather it not be covered anyway so I know the quality of the ground and its not a lot of broken bricks lying in the dirt underneath
I would rather it not be covered anyway so I know the quality of the ground and its not a lot of broken bricks lying in the dirt underneath
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I hope you meant either 100 sq.ft or 10sq.m here, as 100sq.m is nothing I'd call "slight"
LMAO! oops aye sqft
1803 sqft versus 1905 sqftThe only notable omission is a dressing room but we much prefer the layout of the smaller one
Deleted User 298457
Deleted User 298457
So since this post my house had only been up for 4 hours and it has 7 viewings on Saturday. Fingers crossed someone is serious. Unfortunately the 670k on the fixer upper has been rejected and they want 700k. 700k is affordable but it really needs a lot of work... How flippant are folk with spanking 30k to win the property? There is literally nothing similar nearby...
When we were offering on properties last year, it became almost expected that you'd offer asking price, knowing it would then go to sealed bids/best-and-final offer. So we'd look at houses listed at £220k, offer that, and then know we'd need to be offering another £10k+ on top in order to be in with a shout. I can't see that madness ending just yet.
When my girlfriend sold her property, she had 2 blind offers over asking the day it was listed. It was absolutely crazy.
They won't accept your offer regardless as you're not in a proceedable position I.e. Sold. Likely they'll just use your offer to tell other buyers "there has been an offer" if anyone shows interest and make them more likely to pay more.
As to how much people are likely to pay for that specific house, it depends entirely on the area. If you can't get similar for 700k then likely it'll go for 700k (even if it needs work. The only thing I'd highlight is dont underestimate the cost of renovation. What are you currently thinking is required/share the link? I'd say it's worth having double the cash to hand
Deleted User 298457
Deleted User 298457
Useful thanks. I'd considered the being able to proceed thing as step 2 but had come around it was indeed step 1. Fingers crossed the weekend goes well for us.
Reno wise it's identical to what I did to this place - new kitchen, bathrooms; with the exception that one wall would ideally be removed. I'm hoping most folk viewing are totally turned off as they'd be paying trades to come in, and around here they're mega mega mega expensive.
The main thing is it's totally liveable and has a new boiler, so I'm under no rush to get it done.
Aye i think it's surprising the amount of people who are willing to throw 600+k at houses that need a lot of renovation in particularly popular areas, I know it's going mad around me.
I guess it aligns with me getting something thats cosmetically hideous but can be renovated
Deleted User 298457
Deleted User 298457
Yeah between the two of us I think we'll owe @200sols a pint.
Congrats!
Congrats, now time to get many cats
