FTB - Property needs a new bathroom and kitchen.

mrstinchcombe

I'm a FTB currently looking to take the plunge (although lets not debate whether this is a good time or not, I certainly wouldn't take the plunge without an accepted "cheeky" bid).

I am currently looking at a property, its a repo job and the last occupants have completely removed the kitchen and bathroom so its just a shell!

Obviously I wouldnt be able to move in straight away, thats not a problem, I just need to know how much a low range, albeit not tacky kitchen and bathroom suite would be.

Also how hard are these things to fit? Never done anythin like it before but is fitting a kitchen and bathroom something anyone can learn to do?

Thanks

wymondham

I have replaced our bathroom and kitchen over the years and I'm a DIY novice - although learnt very quickly on the jobs!

You could probably do a very basic kitchen/bathroom for about £500 each, but depends on size and what you find acceptable quality!!

Plumbing especially is fun, and you can get lots of help on the web with how to do these things, and also get leaflets from most DIY stores..

Good luck!

poppysarah

No kitchen or bathroom? Will it be eligble for a mortgage?

It's not a big job unless all the plumbing needs redoing.

mrstinchcombe

poppysarah wrote: »

No kitchen or bathroom? Will it be eligble for a mortgage?

It's not a big job unless all the plumbing needs redoing.

It hasnt literally got no kitchen or bathroom, there just arent any worksurfaces, a sink or white goods in the kitchen or a bath, toilet and sink in the bathroom.

The plumbing is all ther.

Thanks for the replies

Debt_Free_Chick

Mortgage should be OK, but with a retention

mrstinchcombe

Sorry I have no idea what that means

clobber_2

Piece of advice given to me when I was looking at houses: you can do up a kitchen or a bathroom, but not both. Advice I ignored and subsequently came to regret.

wymondham

clobber wrote: »

Piece of advice given to me when I was looking at houses: you can do up a kitchen or a bathroom, but not both. Advice I ignored and subsequently came to regret.

why is that?

clobber_2

Why did I regret it? Or why can't you do both?

I think the advice was based on the limit of tolerance for upheaval, money required and work needed for the average person. Of course, if you are looking for a fixer-upper or an outrageous bargain, this advice may not hold. Personally I realised only after I bought that I couldn't do both as I couldn't afford it, unless I did a huge amount of work myself which I didn't have the time or skill to do.

TomsMom

mrstinchcombe wrote: »

Sorry I have no idea what that means

Mortgage should be OK, but with a retention

A retention is where the mortgage lender retains (holds back) a sum of money pending completion of works required. If they granted you a loan on this property, after the valuer has been out and given his findings and a valuation, the lender will decide how much they wish to retain until the work is completed and may even give a time scale. When you have finished the work the valuer will probably reinspect to confirm the work has been done (you will pay a reinspection fee which is much smaller than the original valuation fee) and if everything is OK the lender will release the money to you that they retained.