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I dont get it, all homes are second hand aren't they?
Comments
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I don't like new builds because
1. You pay a premium (like buying a new car - depreciates quicker at the beginning)
2. The developers may sell the rest of the estate to a housing association
3. The developer may have a social housing quota to fill
4. They have small rooms and small windows (building regs are to blame for the windows)0 -
I think one of the major criticisms of new houses now is the density of build. For some time, gardens have been small and parking has been limited, as most developers look to fit as many homes as possible into their site.
These problems will always be there, how ever many times the house is sold in the future. Therefore, once the new build gloss is gone, a house must compete, price wise, against similar size homes that are older and often far larger, both in terms of room size and more importantly plot size.0 -
Eton_Rifle wrote: »Perhaps the OP feels that people look down on new houses?
?
some of us do of course, but to OP - it is whatever floats your boat !0 -
I'm guessing by new build, you mean modern.
Some people don't like modern houses. Some people don't like modern cars. Some people don't like modern music. Some people don't like modern fashion.
Some people do.Been away for a while.0 -
It's easy to make a new build look old. Plenty of new houses round my way that are stunning. But they are all new build individual detached huge houses 1mill plus.New build estates I don't like, thin plasterboard walls, no character, small gardens etc, not for me but plenty like them which is fine as it leaves more old houses for me !0
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People are critical because when you buy a new build you pay over the odds because it is brand new. When you then sell it, it's not brand new (as you've pointed out) so you can't sell it for over the odds. So you lose money.People talk about new build houses when they have been sold as being 2nd hand. Unless you move in a new build all homes are 2nd 3rd 4th hand aren't they? So why when people are being critical about people buying a newly built home?0 -
Yes with the point that once you move in they are no longer 'new'
Actually I understand pioneer22 point.
It is the owner of new home that buys a new house and cannot understand why it is no longer "new", which is an emotive way of trying to verbalise the depreciation that occurs.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
propertyman wrote: »Actually I understand pioneer22 point.
It is the owner of new home that buys a new house and cannot understand why it is no longer "new", which is an emotive way of trying to verbalise the depreciation that occurs.
Quite the opposite in fact.0 -
JimmyTheWig wrote: »People are critical because when you buy a new build you pay over the odds because it is brand new. When you then sell it, it's not brand new (as you've pointed out) so you can't sell it for over the odds. So you lose money.
This point has cleared it up for for me when you put it like that.0
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