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Will this add value?

14 replies

Gentleness · 15/11/2011 22:20

Replastering?

Silly question really, but as we're planning to be here only maybe 5yrs longer, I'm starting to ask those questions - especially as I'm broody for 3rd and even 4th baby and that would mean getting a bigger car and I like to plan these things plenty far in advance....

So - please forgive the excessive detail here, not sure what to leave out...

We have a 1901 terraced house which when we bought it had all the original old horsehair plaster. Which all fell off when we stripped the wallpaper, disastrously, shortly before I was due with our first child. So the entire of the downstairs and the upstairs landing has been replastered. We repainted our bedroom and the small bedroom for ds1 - just over the lining paper that was already there. It is quite rough and ready and you can see some cracks and rough areas. Fine for us to live with really but it is a bit shabby.

The huge front bedroom is still the vile cheap bright turquoise colour it was when we bought it, also poorly covered in lining paper and has a corner of the ceiling wallpaper hanging off. Now ds2 is nearly ready to move out of our room, we need to tackle it. Now. (Are you listening dh?) We've had 2 quotes to replaster, each based on us stripping the wallpaper. The first, £400, is walls only. The second, £560, is for the walls and adding plasterboard to the existing ceiling (plaster&lathe) and skimming that. Each took into account the likelihood there would be some serious patching up of areas where the original plaster had crumbled, but included no painting.

Now, given the relative sizes of the rooms, I reckon we might manage to negotiate £1000 to replaster the walls in all the upstairs bedrooms, and plasterboard/skim the ceilings in the 2 large ones. Huge upheaval but it would look really finished after. The only alternative I can see is for us to cut straight to the painting in the huge room - buy lots of cheap white paint to cover the turquoise and then finish with a better colour. And all the bedroom walls will just be a bit shabby.

£1k for replastering, plus gallons of paint - that is a significant amount for us, given that we need to replace the disgusting stairs/landing carpet, the huge bedroom carpet, sand down the downstairs living room and hall floorboards, board part of the loft and, most importantly, get £1k worth of repointing done. They're all non-cosmetic things that are worth it for us right now and we don't "require" them to add value. But not much point in replacing a carpet and then having replastering later on. We have the money in savings. Oh and I would love to replace the shoddy internal doors...

We've already spent on an extension, new kitchen and replastering downstairs and I think we're likely to recoup most of that money given the prices houses are going for on the street. We got a bargain as the interior was a bit grim. Our next door neighbours house is pretty shabby and they aren't going anywhere ("we've been here for 29 years and I have the right to park my car right outside my house") and though there are young couple moving in & doing up some houses, others are rentals and some rundown ones are being redone presumably to sell on or rent. So no idea really if the area is going down or up.

Help? I feel just mired in a myriad of possible futures and cautious about spending more money than we need to. Please help me prioritise.

OP posts:
changemylife · 15/11/2011 22:40

We were in the same boat 8 years ago. But we decided to get whole house replastered whilst living in it :( 4 bed 1850 cottage. Yes it cost money we honestly didn't have at the start but good Walls I believe are fundamental to the finish of your property and buyers will notice it!!!!! 8 years on and I am still thankful we did it. We will probably sell within 5 years but I believe it's an investment. Weigh up the value your house and proposed expenditure /look at others for sale then make a decision x

Akandra · 16/11/2011 17:54

Remember it's not just about adding value - its about increasing saleability. It would help there. Plus, everything in bad condition is a potential negotiating point. If it will cost you 1k a buyer will be thinking 'need to knock 1k off to replaster' especially as it sounds like it's very visible. I would do it.

Gentleness · 16/11/2011 22:58

Thanks - still struggling between thinking it makes sense and worrying about spending the money unwisely! (I'm getting a bit obsessed with planning ahead for another child...)

I just wonder if the sort of people who might buy our house in 5 years time will care that much about the wall finish. I noticed it immediately but thought, well it isn't enough to reject the house over as I loved the rest of it. Then, we negotiated a good price partly because there was so much redecorating to do.

It is SO hard to prioritise when you are sleep-deprived!

OP posts:
noddyholder · 16/11/2011 23:22

When I renovate a house for sale re plastering adds a lot to the finished asking price it just gives a totally different level of finish so I would say definitely do it. It is also lovely tolive with beautiful smooth walls

FootballFriendSays · 17/11/2011 00:35

You'd get 5 years of living within nice, smooth walls. Something nice for the kids to draw on, too :)

Akandra · 17/11/2011 14:15

A nervous buyer would discount your house based on it. They would see it and think OMG damp and run a mile, even though there's not really anything wrong other than age. I think it would be worse because some walls were done and not others.

I'd never accept living with walls that were a bit of a mess like that so I would get quotes an knock of at least that on any offer plus a bit more to cover having to move family and cats out while it's being done. I can see through decor but work like that would have to be 'factored in' to my choice. That means I might choose not to buy because of the work in comparison to another property.

It's a tough Market out there and will probably still be by the time you want to sell.

minipie · 17/11/2011 14:52

I think there are different kinds of buyers. Some are not too fussy about finish because they are willing to do the work. So you'd get that kind of buyer, but they will want it reflected in the price. Some are more fussy and won't consider places that need any obvious work. So you wouldn't even get a sniff of interest from that kind of buyer as things stand.

It sounds like at the moment you run the risk of a buyer going round your downstairs going "ooh, lovely, all been done" and then going upstairs and thinking "oh dear". Not really a good place to be as a seller - will either put people off altogether or mean they come back with a low offer...

So I would say do it. I think you will gain the value back. (And much nicer for you in the meantime).

By the way, you probably know this but in case you don't - if your ceiling has any largeish areas of live plaster (i.e. plaster that has separated from the lathe above), that is dangerous as it could drop on someone's head. So if you do have that problem, I'd make that a priority definitely.

Pannacotta · 17/11/2011 14:55

I would go for it.
We have replastered our bedroom which looks lovely and just re-lined (but not replastered) another bedroom, which looks less lovely (uneven plaster showing through), I think the good finish is worth the effort and cost.

Negotiate hard on the quotes though...

cat64 · 17/11/2011 15:08

This reply has been deleted

Message withdrawn

narmada · 19/11/2011 22:23

I would be really impressed if you could get thte whole upstairs of a house replastered and the ceilings overboarded for £1000 (or have I misunderstood???!!)

Make sure you get a good plasterer though, you don't want newly- but badly- skimmed walls Smile

Gentleness · 21/11/2011 13:27

Narmada - so would I! The quote for the largest room was £560 and the other two are not much over the same size put together, but the smallest one doesn't need the ceiling doing. So I'm hoping it will be reasonable. Take your point about the badly skimmed walls - the plasterer our builder used was pretty rubbish and there are parts that still irritate me though they've tried to correct it 3 or 4 times now.

Cat64 - very, very good point. Need to think that one through and see if he'll allow a time gap between doing each room. Gulp.

I am pretty sold on the idea now though...

OP posts:
narmada · 21/11/2011 14:07

That's a good point about moving stuff from room to room - although (I think - based on watching ours) the plasterer might be able to work around stuff in a room as long as they're not doing the ceiling. Doing the ceiling involves putting a platform down to stand on so they can reach.

TalkinPeace2 · 21/11/2011 14:27

decorate for yourself not the next owner
a home is just that

ChesterDraws · 21/11/2011 14:32

I would be tempted just to put up nice wallpaper over the lining paper if I was only going to be there for another few years.
Replastering is a big hassle and expensive. It's not something I have ever thought about when buying a new house. Electrics, plumbing, windows, yes, but not plastering.

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