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All House buyers or any flat buyers?
Comments
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There are some very posh recently-converted flats in our part of the UK that are already almost worthless. The service charge is about the same as the rent would be, so nobody is even willing to pay £30k for the gorgeous large 2-bed apartments! Several years ago when new they were sold for around £200k!
As nice as this?
http://www.foxtons.co.uk/search?keyword_type=postcode&keyword_value=W4&property_id=773314&search_form=keyword&search_type=SS&submit_type=search0 -
Flats to me are prison cells...i love my gardening too much..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
I live in a flat. Is it perfect? No. But a house that I could afford would not have been perfect either. I decided there was no point in compromising safety and security for an upstairs level, as houses in my price range were in much poorer & more dangerous areas.Emergency savings: 4600
0% Credit card: 1965.000 -
That's a decent deal but the vast majority of flats near me for sale seem to have 99 year leases and service charges of £100+ pm.
£100 a month is £1,200 a year - including building insurance and repairs, etc. Not that bad.
It depends where you are - lots of leases in central London are 999 years when they start (as ours was)...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
You have to pay to extend the lease then you have admin charges plonked on top. It's also less work to not have to extend a lease in the first place.
I also like to maintain my own garden and property rather than relying on a freeholder who will probably pass the job on the the company who lines his pockets. Owning a house would give me the peace of mind of knowing I am in control of what is done to the property and how it is done.
If flats were significantly cheaper than houses then I would possibly buy one but at the moment there isn't much difference so I'd pick a house every time.
In our neck of the woods, we'd need several million to buy a house, so it's slightly out of our price range (-:
There isn't always a freeholder whose pockets need lining - it's not uncommon to buy a share of the freehold together with the lease of a particular flat. That what we've just done.
Gardens might or might not be part of the freeholder's responsibility. In the block we've bought in, there are two gardens and a roof terrace, each the property and responsibility of one flat....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
IMHO much nicer than that thing - it's absolutely hideous! But I am very old fashioned indeed.0
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