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Buying a house

88 replies

shininglight16 · 24/10/2024 01:03

We're in the process of purchasing a house and are upsizing from a flat so quite excited and looking forward to it.

Just curious what you think of the price of the house and how much would you have offered for it. We're going to be getting some work done, i.e. getting a new kitchen, bathroom, renovating the conservatory, improving the garden, changing the layout a bit to make bedrooms bigger etc.

I would really appreciate it if you could give some tips looking at the floorplan and tell me what you think of the price. Is it a good buy?

https://www.zoopla.co.uk/for-sale/details/68118770/

Thank you ladies!

OP posts:
shininglight16 · 24/10/2024 18:50

LIZS · 24/10/2024 17:30

£475k looks about right but do check that you will get pp for extension. Have neighbours done what you hope for? I think you run the risk of spending more on improvements than a valuer would consider worthwhile.

Yes neighbours have done it too.

OP posts:
OlderGlaswegianLivingInDevon · 24/10/2024 19:01

So you are paying £475,000 and in your head you think you will sell it for £690,000 after your renovations ?

Thus even if you spend £200,000 on the work you will still be in profit.

It's not a home you are buying but a house to flip and profit from ?

shininglight16 · 24/10/2024 19:03

OlderGlaswegianLivingInDevon · 24/10/2024 19:01

So you are paying £475,000 and in your head you think you will sell it for £690,000 after your renovations ?

Thus even if you spend £200,000 on the work you will still be in profit.

It's not a home you are buying but a house to flip and profit from ?

No, no plans to sell it soon. We are not looking to flip the property, we would like to live it in, yet ensure that the value of the property is aligned with what we spend on renovations etc.

OP posts:
IMustDoMoreExercise · 24/10/2024 21:04

shininglight16 · 24/10/2024 18:49

Fair point, which is why we were thinking of extending at the rear end.

Another question, would a conservatory or a large kitchen with an island and roof windows add more value to the house? I've heard mixed reviews about this in the past.

A conservatory will not add much value to a property and in some cases will devalue it as so many people hate conservatories. They are too hot in summer and freezing in winter.

Also, where have you read mixed views about this? An extension will always add value to a property if it is done properly.

People only build a conservatory because it is much cheaper than an extension.

rrrrrreatt · 24/10/2024 23:21

shininglight16 · 24/10/2024 09:57

Thank you for your suggestions... we were thinking along the same lines. It's a blank canvas for us to work on..we can break down the walls and change the layout around.

We haven't contacted any builders yet, we don't know anyone trustworthy to be honest. Would you be able to recommend please? Depends on where you're based too..

What are the key things to look out for when getting the work done? We need to break down walls to change the layout, put in insulation, new boiler, extend at the back and turn the kitchen into a room with ensuite bathroom, make the conservatory, turn the second reception room into a kitchen and dining room. The small lean to will be a utility room and the second lean to will be a conservatory.

Lots needed to be done at this place and we need someone who is reliable, honest and won't charge us a leg and an arm!

Any recommendations would be appreciated 🙏

Im in the NW unfortunately so my recommendations are no good, sorry!

Our house was basically gutted and I’ve got to be honest, I wouldn’t do it again. For the first few months, we found an expensive horror we couldn’t ignore every week - rain pissing into our bay roof cavity, loose walls, giant cracks, structural issues, etc. I had two weeks off work with stress in the end and it put a big strain on our relationship at times.

We spent around £60k in total and for that got a new bathroom, new kitchen, new roof inc bay, full rewire, rotten joists replaced and all our joists levelled then new (to us) reclaimed boards laid throughout downstairs, new boiler and heating system, one internal wall completely demolished and rebuilt, whole house plastered, 20 sets of helibars to knit the walls together and sliding doors between our reception rooms.

That was nearly 50% more than our budget despite us trying to keep costs down. I project managed all the work, did the rip out with my partner inc taking it back to brick, sourced all fixtures and fittings (every item in the kitchen & bathroom, skirting, coving, doors, lights, etc), my brother did some work for us at mates rates (sadly he wasn’t near enough to do it all) and we’ve done loads of DIY.

I’m really proud of what we’ve achieved for the money we had but it’s consumed my entire life for 20+ months now with no end in sight. There’s still so much paint scraping, priming, filling, trimming, painting, making cupboards and buying furniture like wardrobes, pointing, etc to do. The only positive is I’ve lost over 2 stone with all the physical labour 🤣

Materials, skilled tradespeople, etc are so expensive these days that renovating is extremely stressful if you don’t have very deep pockets or the privilege of not needing to work full time whilst also doing DIY! Please get some quotes before you go any further with your purchase and allow yourself a huge emergency budget. We got quotes and budgeted 20% for emergencies - that was gone within the first month!!

shininglight16 · 24/10/2024 23:36

IMustDoMoreExercise · 24/10/2024 21:04

A conservatory will not add much value to a property and in some cases will devalue it as so many people hate conservatories. They are too hot in summer and freezing in winter.

Also, where have you read mixed views about this? An extension will always add value to a property if it is done properly.

People only build a conservatory because it is much cheaper than an extension.

Edited

I see...I've read it in some article and on some forum in the past...sorry can't remember exactly where otherwise I'd share the link. I end up reading a lot online to gauge what's worth it and what isn't, then I forget the source/site. 🙈

OP posts:
historyrepeatz · 25/10/2024 07:18

I think the price for the area is fine but you need to ask locals about the cost of renovations. Try asking anonymously what people paid for work and what they got for it on local Facebook groups for a quick rough idea. Also be very careful about who you get in and make sure you've done your research.

Agree with PP about conservatories, maybe what you have read was sponsored created by conservatory companies :). Brits no longer like them but my in-laws who moved over seemed to love them.

IMustDoMoreExercise · 25/10/2024 08:09

shininglight16 · 24/10/2024 23:36

I see...I've read it in some article and on some forum in the past...sorry can't remember exactly where otherwise I'd share the link. I end up reading a lot online to gauge what's worth it and what isn't, then I forget the source/site. 🙈

Well, it was probably written by a conservatory manufacturer!

shininglight16 · 25/10/2024 10:34

IMustDoMoreExercise · 25/10/2024 08:09

Well, it was probably written by a conservatory manufacturer!

Lol makes sense...I'll keep that in mind.

OP posts:
shininglight16 · 25/10/2024 10:35

historyrepeatz · 25/10/2024 07:18

I think the price for the area is fine but you need to ask locals about the cost of renovations. Try asking anonymously what people paid for work and what they got for it on local Facebook groups for a quick rough idea. Also be very careful about who you get in and make sure you've done your research.

Agree with PP about conservatories, maybe what you have read was sponsored created by conservatory companies :). Brits no longer like them but my in-laws who moved over seemed to love them.

Great advice I'll do that...I think the group I'm a part of on FB doesn't allow anonymous posts though. I'll have to check.

OP posts:
shininglight16 · 25/10/2024 10:45

rrrrrreatt · 24/10/2024 23:21

Im in the NW unfortunately so my recommendations are no good, sorry!

Our house was basically gutted and I’ve got to be honest, I wouldn’t do it again. For the first few months, we found an expensive horror we couldn’t ignore every week - rain pissing into our bay roof cavity, loose walls, giant cracks, structural issues, etc. I had two weeks off work with stress in the end and it put a big strain on our relationship at times.

We spent around £60k in total and for that got a new bathroom, new kitchen, new roof inc bay, full rewire, rotten joists replaced and all our joists levelled then new (to us) reclaimed boards laid throughout downstairs, new boiler and heating system, one internal wall completely demolished and rebuilt, whole house plastered, 20 sets of helibars to knit the walls together and sliding doors between our reception rooms.

That was nearly 50% more than our budget despite us trying to keep costs down. I project managed all the work, did the rip out with my partner inc taking it back to brick, sourced all fixtures and fittings (every item in the kitchen & bathroom, skirting, coving, doors, lights, etc), my brother did some work for us at mates rates (sadly he wasn’t near enough to do it all) and we’ve done loads of DIY.

I’m really proud of what we’ve achieved for the money we had but it’s consumed my entire life for 20+ months now with no end in sight. There’s still so much paint scraping, priming, filling, trimming, painting, making cupboards and buying furniture like wardrobes, pointing, etc to do. The only positive is I’ve lost over 2 stone with all the physical labour 🤣

Materials, skilled tradespeople, etc are so expensive these days that renovating is extremely stressful if you don’t have very deep pockets or the privilege of not needing to work full time whilst also doing DIY! Please get some quotes before you go any further with your purchase and allow yourself a huge emergency budget. We got quotes and budgeted 20% for emergencies - that was gone within the first month!!

No worries, yeah you're too far away from me.

I can imagine how exhausted you must be, we've done this before, although we trusted our so called family friend builder who ended up cheating us. He didn't finish the job and left a lot of snagging such as painting the skirtings, filling up holes, etc for us to do. We've been through it before and can relate to how you feel. I wasn't keen on doing it all over again because it does take a toll on you but the houses we saw around the area in our budget were either too small or not done up well either. This seemed to tick most boxes for us and we have our elderly parents coming and staying over with us from time to time so in terms of accessibility, having no stairs, it just worked out well. The house is in a decent condition, had the layout been better it would have been perfect.

Just wanted to check if you're okay with me sending you a DM to find out where to buy things from, just some tips on where to get the best quality material from, that would really help.

All the best with your home and I'm sure all the hard work will be worth it in the end. Be proud of everything you've learned along the way, including mistakes you've made. Don't forget you must give yourself a pat on the back for putting in all that effort for so many months!

OP posts:
zingally · 25/10/2024 14:05

I wouldn't touch it. For me, the layout is completely bizarre and the lounge having it's only natural light coming via a sliding door into a lean-to is unappealing.
The lack of whole kitchen pictures also indicates it's pretty poor. The back garden is also very over-looked which I wouldn't like.
I'm in Northamptonshire, and a property like that would probably be in the £300k-£330k mark, depending on area.

Julen7 · 25/10/2024 14:09

It’s going to be a complete money pit

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