Hello!
New poster but long time lurker. We are FTB with limited DIY experience (no chain, can move in pretty quickly, good deposit), and are comparing two houses on the same road. I would appreciate some practical advice over whether house 1 would be biting off more than we can chew....
House 1: www.rightmove.co.uk/property-for-sale/property-80236121.html
House 2: www.rightmove.co.uk/property-for-sale/property-83762999.html
House 1 has had its price dropped by 30K since going on the market in March. It needs new everything - we are renting currently and would be staying in the rental while we would renovate (if we bought it) - this would mean knocking down the wall between dining and kitchen, new kitchen and 2 x bathrooms, carpets and repaint (+ anything else that would become more apparent on survey). We are also considering a single storey extension to make the kitchen diner a bit bigger open plan. We both work full time including weekends and nights so would be paying for everything to be done...!
House 2: basically ready to move in but 80K more and its semi detached vs detached with 1 instead of 2 bathrooms. It is also towards the top end of our budget. It is 200 sqft larger than House 1/.
My question is: how much would it cost to make house 1 to an acceptable standard - especially as we can probably not do much ourselves at all due to lack of skill and time? Or should we just save ourselves all the hassle and go for something less ambitious? And how much would you offer for house 1 considering the work that needs doing?
Thank you for your expertise!