Was talking about this on another thread about another house but decided to start a new one as it's now a whole separate issue.
We've made an offer on a wonderful house - not my dream house, but a brilliant house - that's in a great place but needs lots of work. The vendors took quite a hit on the asking price, because we pointed out that it needs complete redecoration internally, rewiring, new central heating, new windows, etc.
Our plan was to move in, do the rewiring/rendering/central heating immediately, then do the kitchen/bathrooms in a couple of months, and then do the decorating, with the windows being last. Hopefully it will all be done within a year.
Had the survey today and there are more problems than we realised. All fixable, but all at a cost. There are cracks - not subsidence - but cracks all the same, that have let in water, leading to problems with damp and problems with the metal thingos in the wall. The double glazing also wasn't done properly, so the windows need to replaced right now, as well as a few other problems with sorting out the walls.
We won't know exactly how much needs doing until we have a structural engineer and a damp expert in, at £800+ each. And the engineer will only be able to make a calculated estimate as to how much it'll cost.
We can still afford it, we think, but we'd be able to do NO redecoration for over a year because of the cost. And it's vile at the moment. Living with it for a year before we even make a start isn't an option.
We could decrease our offer on the basis of the survey, but obviously there's no guarantee they'd take it as they've taken a big drop already. And if we're not going to get the house, we don't want to spend an extra £1600+ on working out how much it'll cost us.
We've sold ours, so if we didn't find anything else - and there isn't much out there - we'd have to go into rented, which isn't ideal.
Anyone else been in this position? Feeling pretty rubbish atm; this was our second choice house, and there's nothing else on the market that's half decent at the moment :(
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Oh dear, pretty rubbish survey :(
20 replies
ComeAlongPond · 26/08/2011 13:12
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.