I get it, some houses it might not be so easy to work out. Room sizes are always posted with a caveat of variance etc.
The nervous wait to exchange....
- Thread starter noj
- Start date
Soldato
Honestly in our 3 months of searching and 3 months of waiting to complete, I've found so many incorrect listings for houses. Wrong dimensions that don't add up (I mean wildly wrong like thing two walls side by side are 9ft and 19ft)... Floorspace calculated wrong, all sorts. I appreciate those are outliers but don't come to rely on any one metric if an estate agent is the one entering it.
Our floorplan from the house listing we bought, shows the landings and bathroom/bedroom (same room location in different floors) as totally.differents sizes, shapes and layouts. Measure the house and they're literally identical per floor.
Our floorplan from the house listing we bought, shows the landings and bathroom/bedroom (same room location in different floors) as totally.differents sizes, shapes and layouts. Measure the house and they're literally identical per floor.
We buy cars measured to the closest mm in terms of height, boot space, rear headroom space etc yet we spend hundreds of thousands of pounds sometimes based on incorrect and quite frankly inept details entered by estate agents. Most of the time you go for a viewing it's some intern that shows up who has zero idea about the house showing you around. When you have the initial call with them it seems like you're being difficult by asking questions about the house you're about to make a very, very big decision on. I personally find it a broken, corrupt and totally ****** up market.
Soldato
The UK’s obsession with market value corresponding to the number of bedrooms is quite unusual.
On the continent it’s far more common to base the value on square metres before the number of bed/bathrooms.
There’s a property developer down here in Cornwall that got planning for a load of 3-bed houses and half-way through the build, declared that the project wasn’t viable and applied to convert them all to 4-beds. Same footprint, same square metres, they just squeezed in a fourth bedroom and jacked up the price.
On the continent it’s far more common to base the value on square metres before the number of bed/bathrooms.
There’s a property developer down here in Cornwall that got planning for a load of 3-bed houses and half-way through the build, declared that the project wasn’t viable and applied to convert them all to 4-beds. Same footprint, same square metres, they just squeezed in a fourth bedroom and jacked up the price.
Soldato
And of course lowered the quality of some of the rooms by making them smaller. One of my dislikes of newer builds is they seem to try and cram so much in that each room is a stripped down bare minimum size.
Most estate agents use floorplanner.com to make the plans so it should be easy for them to get overall dimensions. In Scotland as the seller has to provide the home report the total area is provided as it's a requirement for working out the energy consumption on the Energy Performance Certificate.
Caporegime
Another aspect of square footage (which is definitely important to know, far more so than number of bedrooms) is that sometimes they include the garage space in the number, which overstates the liveable area and makes it harder to compare two properties.
I think this is mostly done when the garage is an integral part of the building (so viable for a conversion etc). It wasn't included in my place when I bought because the garage is a seperate building
Soldato
Sometimes they do include it or any outbuilding
Boundary issue appears to be resolved with the LR and searches have started.
Can’t remember if I mentioned but it looks like our seller has found a place to buy. She was going to move into rental for a quick sale so hopefully there are no delays now with her purchase.
Otherwise, thinks appear to be moving along quite nicely.
do you mean the ones where you own a % and some random company does?
personally I'd not touch them
personally I'd not touch them
Yeah that’s the ones.
I know they’re not ideal but with house prices and mortgage rates increasing daily how can a single person afford to save enough for a deposit and pay rent.
Ie a new build 2 bed is approx 240k and I can only borrow 185k
I'd look seriously carefully at it.
I think it's the terms and conditions that you need to be wary of.
Who you can sell to etc.
I'd personally pick a worse house if that was an option. But if it's literally the only way it's 'probably' better than rent.
I'd want to be sure I could pay off that loan before interest kicks in!
I think it's the terms and conditions that you need to be wary of.
Who you can sell to etc.
I'd personally pick a worse house if that was an option. But if it's literally the only way it's 'probably' better than rent.
I'd want to be sure I could pay off that loan before interest kicks in!
Cheers.
Yeah. Even 2 beds in the rough areas are more expensive which is a shame. It seems to be literally the only way for me to get back on the ladder.
Having owned a home previously I also don’t qualify for the 20% government hep to buy jobby.
have you looked at newbuilds that may be sold as dmv properties? (discount market value)
my understanding is you get a % discount (I think 30) but if you ever come to sell you have to sell at the % discount you were given initially.
my understanding is you get a % discount (I think 30) but if you ever come to sell you have to sell at the % discount you were given initially.
No I haven’t , I’ve not heard of that if I’m being honest. Will have a google and see what comes up, by all means if you have any links to any info that would be appreciated.
Before my mrs and I moved in together, she managed to find a lender who would give her more money than high street banks would, but it was a crazy ERC amount and 3 or 5 years at a much higher interest rate than the high street (I think it was 3.5% when the high street was 1.5%). I'd never advocate borrowing more than you can afford but it might be something worth looking into if you are good with money. It would be a few years of pain, by that time your LTV should be good enough to get a regular rate when you come to remortgage. A mortgage advisor would be able to point you in the right direction. The particular lender here was the Swansea Building Society.