Can new homes be overpriced?

RHemmings

Weggy wrote:

That is often the case, but not always true. Look for corner plots, they often have larger gardens....

I did!

Perhaps it's because I live outside the south east, and many of the older houses round here have bigger gardens. I saw one where the front garden alone was pretty impressive, and the back garden was showing the effects of perspective in the photo.

Weggy

RHemmings wrote:

I did!

Perhaps it's because I live outside the south east, and many of the older houses round here have bigger gardens. I saw one where the front garden alone was pretty impressive, and the back garden was showing the effects of perspective in the photo.

Like I said, generally what you say it right, even here in the South East.... there's just the odd one or two that make an exception....

Who wants a big gardn anyway, more hassle, more maintenance

RHemmings

Weggy wrote:

Who wants a big gardn anyway, more hassle, more maintenance

Me!

Messages must be 10 chars or longer I'm told.

missk_ensington

I wouldn't buy a new home in a million years. I lived in one briefly before buying my house, which I rented and hated it. They are thrown together like Mechano sets, everything is shoddy and you can hear everything that everyone does in any house attached to yours, in anyone in another room in your house.

One particularly embarrassing moment was at Xmas dinner, my Aunt had gone upstairs to the toilet (we were still sat at the table) and we could all hear her farting and p1ss1ng! It was excrutiatingly embarrassing for everyone!)

I don't know about where other people live, but in my area I find them hugely overpriced. I'm hoping to sell my 3 bed, 2 reception room with garden for £120k (an old, renovated house) and there's a block of new build apartments up the road, 2 bed small no gardens for £117K. I know which one I'd rather have!

manhattan

missk_ensington wrote:

One particularly embarrassing moment was at Xmas dinner, my Aunt had gone upstairs to the toilet (we were still sat at the table) and we could all hear her farting and p1ss1ng! It was excrutiatingly embarrassing for everyone!)

LMAO

i hope you had already eaten?

Weggy

manhattan wrote:

LMAO

i hope you had already eaten?

That was the problem.... brussel sprouts do funny things to Aunties.... :rotfl:

darktrader

Can new homes be overpriced?

Yes. They ALL are, at the moment.

Gorgeous_George

Treat a new house the same way as any other house - indeed any other purchase. Make them an offer based on your assessment of what the house is worth.

The risk of paying too much rests with and you alone.

I think houses are worth less than the land they occupy so I would always look at extension potential. If there is scope to add a couple of bedrooms that may save a move in a couple of years time.



GG

mattyh

I have to smile when a thread like this appears, because there's a serious lack of love for new-builds on the MSE boards. I'm definately a fan of new-builds (and i'm not a finance-laden simpleton as someone made out all new-build buyers are!) - as long as you're savvy and research the *real* price of the house below all the glossiness and 'extras' then it's possible to get a very decent home at a reasonable price that's brand new, maintenance free and guaranteed. All depends on the builder though, and I the rule of thumb is that the larger they get the worst their standards become!

What winds me up is people who insist on a 'character' property and insist on something Victorian or Georgian. Because it's fashionable