Hello,
We are considering buying a 2 bedroom Victorian semi-detached place with an asking price of 220K. This place needs central heating (at least 5K), rewiring (about 3.5K). It would also require a new kitchen, new flooring (only floorboards at the moment). We estimate that it would need in total about 15K of work done. We have a tight budget, this is only just be doable. There are other works that would need doing (eg. roofing, windows) but we thought we would live with that until we built up the finances for them.
The equivalent houses in the immediate vicinity sold for about 240-250K, during the past few years. I do not know the state of these houses when they were bought, and they do not come up very often in this area.
Is 180K an unrealistic offer for this place? Neither my husband nor I have any experience in "doing up" houses. We will be arranging a second viewing with a builder, are there any questions I should be asking/not asking?
Any anecdotes of similar experiences would be gratefully received!
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How much to offer for a place needing much modernisation work?
41 replies
proteins · 18/07/2011 13:46
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