We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
I dont get it, all homes are second hand aren't they?
Comments
-
You say quite the opposite and then agree with the next post that makes the same point....
I guess I will go with this then:question::huh: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 -
You're in good company propertyman. I've read the whole thread, and I still don't know what pioneer is on (about).No reliance should be placed on the above! Absolutely none, do you hear?0
-
I have said this before and will happily say it again but this is just of often unttrue as it is true. Asking prices are very often priced at a premium but when it comes to actually buying one you can very often buy it for a fair bit cheaper than the 'used' equivalent.I don't like new builds because
1. You pay a premium (like buying a new car - depreciates quicker at the beginning)
The simple fact is that on larger development especially the developer has much more of a margin to play with and as such is likely to be able to discount far more. This isn't often reflected in the asking price but you can get one heck of a bargain.
Friends of ours only last week went to see a new build priced at £379.999 on a development about half finished, this price was probably about £10-15k more than similar 'older' houses are available for in the area but obviously this house is sparkling new. Anyway by the time they had walked out of the showroom they had put a deposit down on the house for £335,000 with stamp duty paid and a fair few extra's. There is no doubt to me that this is far cheaper than they could have got any 'used' house in the area of similar proportions.0 -
I have said this before and will happily say it again but this is just of often unttrue as it is true. Asking prices are very often priced at a premium but when it comes to actually buying one you can very often buy it for a fair bit cheaper than the 'used' equivalent.
The simple fact is that on larger development especially the developer has much more of a margin to play with and as such is likely to be able to discount far more. This isn't often reflected in the asking price but you can get one heck of a bargain.
Friends of ours only last week went to see a new build priced at £379.999 on a development about half finished, this price was probably about £10-15k more than similar 'older' houses are available for in the area but obviously this house is sparkling new. Anyway by the time they had walked out of the showroom they had put a deposit down on the house for £335,000 with stamp duty paid and a fair few extra's. There is no doubt to me that this is far cheaper than they could have got any 'used' house in the area of similar proportions.
That's a 14% discount overall then - not bad! I am surprised that that makes it cheaper than older houses, but without any details there is no way to check. To be fair, surely most of the extra's you mentioned are the sort of thing you get bundled in when you buy an older property.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Once you try to get a snagging list done you will then understand.And it goes on for two years in my case.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 -
Unless the Op means all houses were new once?
( i miss that shrug shoulders smiley )Vuja De - the feeling you'll be here later0 -
I don't bash new build homes! I love them! I have found a lovely one that I want! Unfortunately it is £50k above what similar properties sell for in the area! So that what puts me off! I accept paying a premium for a new build but this is a bit much!I'm never offended by debate & opinions. As a wise man called Voltaire once said, "I disagree with what you say, but will defend until death your right to say it."
Mortgage is my only debt - Original mortgage - January 2008 = £88,400, March 2014 = £47,000 Chipping away slowly! Now saving to move.0 -
That's a 14% discount overall then - not bad! I am surprised that that makes it cheaper than older houses, but without any details there is no way to check. To be fair, surely most of the extra's you mentioned are the sort of thing you get bundled in when you buy an older property.
I am surprised that you are surprised to be honest. New builds are priced higher than older houses but in my experience not by as much as made out. As I said similar 'older' houses in the area are priced about £10-15k less on Rightmove but I very much doubt you are going to get £45k off plus your stamp duty paid on that.
Yes I suppose some of those extras are bundled in on some older properties but they are also the sort of thing that often people will change like carpets etc.
One thing that people often don't factor in with 'older' houses is how much you then spend getting it the way you like it. When I bought my house it had carpets and a kitchen etc but it was all very dated so after purchasing the house I got new carpets, tiles in the bathrooms and replaced the entire kitchen. Granted things like a new kitchen aren't applicable to everybody but my friends get to move straight in for that price and not worry about it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards