How much more would you pay....

nickj_2

i don't know if houses were cheaper to build in days gone by , if you look at how they throw new houses up , all the tools and equipment builders use there can't be much difference on a like for like basis

1984ReturnsForReal_2

Graham_Devon wrote: »

let's imagine that the government suddenly finds out that the world will end if we keep flushing our deposits into the sea through the sewerage system,

To be fair most of it is recycled :eek:

sjaypink

If you go by this logic

Hardly unreasonable to expect those costs to be passed onto the value of houses

then would a house which has had 2 sets of double glazing fitted in the last 30 or so years add on 24k as opposed to the house which is still on its '1st set' being worth 12k less...

A house which has 5 new fitted kitchens since being built in the 60s should be worth at least £50k more .... etc etc

Now add in double glazing (£12K) fitted kitchen and bathroom (£10K).

Somewhere around £42,000 worth of improvements and upgrades (not basic repairs) to houses in the last few decades.


I don't think it makes sense. Although the actual houses don't depreciate as such, the fittings referred to in this thread do (with the possible exception of the plumbing required to bring the sewer drainage up from the end of a garden).

New fitted kitchens/ bathrooms, central heating systems, boilers etc will add value, possibly more than their cost, when very new only.

But, as times change, what is considered as the norm becomes, well, the norm- and we tend not to pay extra for standard.

the_flying_pig

HAMISH_MCTAVISH wrote: »

For a house with hot water, indoor toilets and central heating versus a house that had none of the above.....



So in the 60's/70's, 14% of houses had no inside toilet, 22% had no hot water supply, and only 35% had central heating.

Not to mention fitted kitchens, bathrooms, double glazing, etc etc etc....


No wonder houses used to be cheaper....;)

utterly witless post, even by your standards.

to be honest i shouldn't dignifiy it with a reply but for starters.

(1) i agree that the 70s and especially 60s are relatively ancient history. but your post is a stupid straw man since i pretty much never see anyone on any of these forums use anything about hte 60s or 70s as a benchmark - not the absolute level of prices [obviously], not rental yields, not price to income ratios... the debate is always around the 80s, 90s, & early 00s.

(2) actually i won't go on.

Pimperne1

Great thread (although some people seem less impressed - you can't please everybody). After nearly 10 years of waiting for a House Price Crash it does amaze me that people are still able to raise such interesting topics. I feel that even Rewired might give you thanks for this one.

1984ReturnsForReal_2

Pimperne1 wrote: »

I feel that even Rewired might give you thanks for this one.

I doubt it ....

ukcarper

With a winter like we are having as someone who was brought up in a house with no hot water, no central heating and a outside toilet I would pay quite a lot.

mbga9pgf

Can tell you as a fact install of a new CH system, including system boiler, tank, plumbing, rads etc is costing under 4K in a large 4 bed detached house.

Your figures are bollox Hamish.

Losing_the_way

Last summer had double glazing fitted, all windows and doors, four beds, £7500 in total. Oh and the doors were special low lip to allow pushchair access. Took a six days and wasn't done by a big name, they were recommended to me and the job done was excellent.

HAMISH_MCTAVISH

Graham_Devon wrote: »

This is actually quite interesting Hamish, will give you your dues.

Yep, it's an interesting subject.

Ran across the stats in a halifax report on HPI by the decades. Some fascinating stuff in there.

I'm going to take another angle on it though, and for this, I'm gonna have to be imaginative.

You are suggesting that indoor bathrooms, fitted kitchens etc have upped the average value of houses in the UK, vs a few decades ago.

So here comes the imaginative bit....let's imagine that the government suddenly finds out that the world will end if we keep flushing our deposits into the sea through the sewerage system, and we all have to start using outside chemical loos due to risk of chemical explosion after a dodgy kebab..

Would house prices fall, say 10-20% on average across the board because we can all no longer use indoor toilets and people have converted to outside chemical loos?

Answers on a postcard....though theres only really one answer...no...because it would be standard.

I disagree.

If the new fad was for external eco-friendly toilets to be constructed, then initially, all houses would be worth what they are today. Soon enough, the houses which had the work done would rise in price to be worth more than the ones that hadn't, as that's what people want. People with the new fashionable toilets would be able to pass on the costs for building the toilet, and also the costs involved in returning the internal toilet space to alternative use... Because the work has been done the house is worth more. Just as today, a house with double glazing is usually worth more than one without.