Process for buying new build

formulaonefan

We are looking to buy a new build house but not sure what is the process. The house is already built but inside no decoration, no kitchen, no wiring etc. The builder (persimmon) told us, we would have to pay a deposit and reserve a place. But at what point do we negoiate on the price? The house we are looking for is on the market for £319,940/- reduced from £349,950/-. We are hoping to get it 20% less i.e. for around £250K but not sure we will get it.

So do they charge us for adding things to the house like kitchen, carpet, tiles, appliances etc? How and when does those process happen?

QTPie

Our current house is a new build and we paid the asking price for it (we reserved in Nov 2002, exchanged contracts sometime in 2003 (can't remember when), then completed in December 2003. So we didn't do any negotiating... That may sound odd, but it was a development in HUGE demand and I am pretty sure that ALL the houses went at the asking price.

Kitchen, bathroom, wall tiles, appliance should all be included (but get the development specification - that should tell you EXACTLY what is included). The specification will be available at the site office, but is also often avaialble on their website too. Floor finishes (carpet and often bathroom/kitchen tiles etc) rarely are included. Sometimes you can get them included as part of a special offer, but probably unlikely if you are looking to negotiate that much off the price.

I would imagine that price would be negotiated at the time of reservation, otherwise it would be a waste of everyone's time to go ahead with a reservation without a price agreed... but I stand to be corrected.

Good luck
QT

SavingSteve

Agreed with QT, check the spec.

Upgrades (such as tiles vs lino etc) are part of the negotiation phase, they may also negotiate in carpets etc. But you should be able to get these incentives AND a price reduction.

formulaonefan

QTPie wrote: »

Our current house is a new build and we paid the asking price for it (we reserved in Nov 2002, exchanged contracts sometime in 2003 (can't remember when), then completed in December 2003. So we didn't do any negotiating... That may sound odd, but it was a development in HUGE demand and I am pretty sure that ALL the houses went at the asking price.

Kitchen, bathroom, wall tiles, appliance should all be included (but get the development specification - that should tell you EXACTLY what is included). The specification will be available at the site office, but is also often avaialble on their website too. Floor finishes (carpet and often bathroom/kitchen tiles etc) rarely are included. Sometimes you can get them included as part of a special offer, but probably unlikely if you are looking to negotiate that much off the price.

I would imagine that price would be negotiated at the time of reservation, otherwise it would be a waste of everyone's time to go ahead with a reservation without a price agreed... but I stand to be corrected.

Good luck
QT

So how much extra do I have to plan for carpets, tiles etc? further 10K?

QTPie

formulaonefan wrote: »

So how much extra do I have to plan for carpets, tiles etc? further 10K?

As SavingSteve says, you MAY be able to negotiate them to include them...

Otherwise "how long is a piece of string"... . Very much depends on your tastes and the size of the house.

Our house is a 4 bedroom, 3 storey townhouse. To have it carpeted 5 years ago (all 2 good doubles, 2 small singles, lounge, dining room all stairs/landings/hall) was about £4500/£5000 for a reasonable good carpet (am sure there are a lot more expensive and a lot more cheaper options). We had Amitico in the downstairs WC, ensuite and smallish bathroom - think that was about £1000 (including fitting). Kitchen did have some allowance from the developers - we paid about an extra £200 for standard ceramic tiles. If you like really nice carpets, wooden floors and real stone floors, then you could spend a LOT more... Am sure you could do it a LOT cheaper too.

QT

Negotiate what tou can, then start getting quotes