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New build house

4 replies

kala1234 · 09/12/2016 12:41

So we have just put a deposit down on a new build house. It's our forever home so we are planning to stay for a lot of years. The developer bellway would not budge on price at all... In actual fact they said that the next lot of the house we bought would be for sale for more money. They started them at 310,000 and they have gone up in 5,000 increments. It's only a small site of around 100 houses.

There are around 5 or 6 of them for sale still and building 3 or 4 more but the site has only been there for a year and are selling very fast

We have negotiated tiles in kitchen / dining room, ultility and hallway (these are high gloss and look very expensive) apparently 3,500s worth at bellway costs, luxury carpet throughout, turf, appliances and half of the stamp duty to be paid by the developer.

But bit worried that we could have negotiated more. What do you think?

OP posts:
kala1234 · 09/12/2016 12:43

I just worry that they will start selling them for less and that we will have overpaid. That said; the first house on the site of our style sold around 12 months ago has just sold on the open market for 320,000

So that is reassuring at the least

OP posts:
Bigbongos123 · 09/12/2016 13:57

If it's your forever home does it really matter?

Sounds like you've negotiated a lot to be fair.

If the new build threads on mn are anything to go by it's not the price you need to fret over, it's the snagging before you sign off!

Drquin · 09/12/2016 14:44

I think you just have to deal with what you know. The price you've paid, and the deal you've got in terms of flooring / appliances / garden etc is either affordable / reasonable for you, or it's not.

There probably will be another release, at a different price or different finishings deals. We could pretty much guarantee it. It may well be a better deal / cheaper price. But it's a risk you, literally, pay.

If you want certainty of a certain plot, or choice of fixtures & fittings, you sometimes have to bite the bullet and buy now. If you're prepared to take a chance ... Or are not fussed, then hold out.

Tatey25 · 11/12/2016 08:47

If you are planning on being there a few years the property value will increase over time, they all do if you take a long term view. I wouldn't worry and enjoy the moment.

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