Haggle on price of new build

andusbeckus

pinkteapot wrote: »

A new-build will cost you more than an older house. You simply won't get a new-build the same size as the 4-bed detached for the same price. As soon as you move in, the new-build will drop in value to the same as other similarly sized/located 'second hand' properties.

I understand that but the 3 bed semi I am interested in is the same price as a 4 bedroom detached close by.

jimpix12

Can you post links?

andusbeckus

spunko2010 wrote: »

Can you post links?

Can't post links but if you look on the Taylor Wimpey website the estate is called The Wickets (in Rotherham) and the house is the Ingleton.

Beckyy

http://www.taylorwimpey.co.uk/newhomes/yorkshire/thewickets/theingleton/
?

Each to their own, but I would buy the 4 bed detached anyday over it. Look around and see if there's anything else that takes your interest.

pinkteapot

andusbeckus wrote: »

I understand that but the 3 bed semi I am interested in is the same price as a 4 bedroom detached close by.

Which sounds about right for a new build.

We bought a 4-bed detached (1990 built) in 2010 and for the same money we could have had a 3-bed townhouse new-build.

No brainer really.

You won't get far haggling on the basis of what pre-owned properties you can buy for the same price. There is a premium to pay for new-builds.

You do need to budget extra for post-purchase with new-builds as they generally come with nothing. Things like curtain poles, curtains, light shades etc add up when you need them for a whole house.

If you can afford a detached house, do give it serious consideration. It's absolute bliss not having to worry about potential neighbour noise, and not worrying when you turn your TV up. The semi you're looking at looks like the lounges adjoin and the main bedrooms too (?). Have a look at which rooms adjoin - it can be an issue. They built good semis in the 1930s when they were usually halls-adjoining (lounges on the outside edge so they weren't up against each other).

andusbeckus

We are going to have a look this afternoon so I will post later with what happens. Probably get laughed at but you don't get if you don't ask!

matt8181

Andusbeckus,

How did you get on? I think there is room for negotiation there, that will be their top pice, probably reduce that by £10,000 in a few months if they haven't sold.

It is better to get a reduction on price, but if you can't afford to carpet a large house like that upfront it is also useful to ge that thrown into the deal.

There is as always a premium to buying a new home and in the short term the price will drop, but you do have the benefit of living in a new home with 10 year structural guarnatee etc. - lets just hope for some upside in values in the next 5 - 10 years.

Good Luck.

brit1234

Go 2nd hand if you can you will get far more for your money and help protect your equity. If you do get a newbuild aim to buy once built and at the the last few of that phase.

matt8181

Birt1234,

You are spot on, new builds are still wildly over priced and often in secondary locations that will make them very hard to shift when you need to move.

Nearly went on the FirstBuy scheme myself for the same house on a different estate, luckily pulled out and have decided to save up and buy a second hand property in a well-established area when the time is right and the price is realistic.

Andusbeckus - not trying to put you off as new builds can be great if they are well priced and located in the right area. If you are set on the house negotiae hard as they will just try and push you into paying the reservation fee, and once that's paid the negoiation becomes much harder.

Best of luck.