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  • FIRST POST
    • smmeadow
    • By smmeadow 5th Mar 17, 1:49 PM
    • 39Posts
    • 84Thanks
    smmeadow
    Advice re house purchase
    • #1
    • 5th Mar 17, 1:49 PM
    Advice re house purchase 5th Mar 17 at 1:49 PM
    Currently trying to buy my first house absolute minefield! Having no experience doesn't help.

    House is in a state we knew this, needs complete refurb. A house that is done up nicely would sell right now for 125-130k It's a 3 bed terrace on a main road in the midlands.

    We originally had an offer accepted for 115k. It needs central heating new kitchen new bathroom. Plastering skimming complete redecoration. The house has been on the market since November and previously had offers from one person below 110k.

    Just had a survey done which highlighted dodgy wiring and possible rising damp. Electrician did a check of the house and said it's the most unsafe system he's ever seen and he's disconnected it to prevent harm. He quoted 3.5k for retire. The property is currently vacant. Still waiting for a damp report. I don't think the damp is too bad from the survey but still need the report.

    The owners paid 82k in 2011 and have basically made the house worse since then not better!

    I am a cash buyer so I don't have a mortgage valuation to fall back on and I am worried about getting shafted. The seller is very difficult to deal with and originally listed the house for sale at 135k. I am definitely dropping my offer from 115k but I don't know how low to go. Waiting for damp report but I am worried about spending more money on the house than it is eventually worth done up.

    I am reculant to pull out as I really want to get out of the renting trap. I am doing post grad study so can't get a mortgage for a better house.

    Any advice is greatly appreciated
Page 3
    • millie84
    • By millie84 11th Mar 17, 4:27 PM
    • 81 Posts
    • 28 Thanks
    millie84
    I would definitely avoid the potential money trap and go for the non detached finished house. Trust me I wish I never got into this process at all! Buying a house is the most stressful thing ever you dont need to add refurb into it if your not experienced. It will end up being a money pit.
    Originally posted by smmeadow
    Another downside to the semidetached house is that it is next door to a pub. We really liked the internal finishes, and its clearly had a lot of money spent on it, but the pub and the attached neighbour is putting us off. It's hard to decide.
    My partner has experience of renovation with previous houses, although to a lesser extent, and he has built garages before. We could do most of the work ourselves. He's also a heating engineer and plumber, which is handy.
    • GDB2222
    • By GDB2222 11th Mar 17, 5:11 PM
    • 13,966 Posts
    • 75,018 Thanks
    GDB2222
    Another downside to the semidetached house is that it is next door to a pub. We really liked the internal finishes, and its clearly had a lot of money spent on it, but the pub and the attached neighbour is putting us off. It's hard to decide.
    My partner has experience of renovation with previous houses, although to a lesser extent, and he has built garages before. We could do most of the work ourselves. He's also a heating engineer and plumber, which is handy.
    Originally posted by millie84
    Pub is a bit of a problem. We have a house that was opposite a pub for a while. We still have the house, but the pub has been converted into a private house.

    There were an awful lot of disturbances, even though it was a very quiet pub. They used to stay open after hours, then finally chuck out at 1AM. Even a handful of drunks make a lot of noise, and it's very noticeable in the middle of the night. Then, they'd have beer deliveries at 6AM a couple of times a week. That's very noisy, dropping the kegs off the lorry, then down into the cellar.
    No reliance should be placed on the above! Absolutely none, do you hear?
    • millie84
    • By millie84 11th Mar 17, 5:47 PM
    • 81 Posts
    • 28 Thanks
    millie84
    Pub is a bit of a problem. We have a house that was opposite a pub for a while. We still have the house, but the pub has been converted into a private house.

    There were an awful lot of disturbances, even though it was a very quiet pub. They used to stay open after hours, then finally chuck out at 1AM. Even a handful of drunks make a lot of noise, and it's very noticeable in the middle of the night. Then, they'd have beer deliveries at 6AM a couple of times a week. That's very noisy, dropping the kegs off the lorry, then down into the cellar.
    Originally posted by GDB2222
    I didn't think of the beer deliveries. I'm in early riser, but my partner has joint custody of his son and I don't think he'd appreciate the early wake-ups or noisy drunks at night. I imagine the house/wall would be used as a urinal by lazy drunk men too lol.
    The vendors said there was no trouble from the pub and it wasn't noisy. It has opened and closed a few times in the last few years (we used to live in the area).
    I think the pub is the reason it hasn't sold yet, we offered £120k, which they rejected, but said just a little more would be acceptable. Someone else was having a second viewing last weekend but it's still online so they must not have offered.
    • GDB2222
    • By GDB2222 11th Mar 17, 6:40 PM
    • 13,966 Posts
    • 75,018 Thanks
    GDB2222
    It was a relief when the pub was sold for redevelopment!
    No reliance should be placed on the above! Absolutely none, do you hear?
    • smmeadow
    • By smmeadow 14th Mar 17, 10:32 PM
    • 39 Posts
    • 84 Thanks
    smmeadow
    I ended up withdrawing my offer on the house completely. The seller called my electrician "a cowboy" and she will get the electrics fixed herself.... ummm love you are the one who made them the mess that they are. Plus they are 25 years old according to my test report.

    Honestly, never dealt with anyone so unscrupulous in my life. Good luck to anyone buying that house! Nightmare
    • GDB2222
    • By GDB2222 15th Mar 17, 2:16 AM
    • 13,966 Posts
    • 75,018 Thanks
    GDB2222
    Electrics should be fine after 25 years. Unless the house has been used for growing hash, of course.
    No reliance should be placed on the above! Absolutely none, do you hear?
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