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Debate House Prices
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20% Premium On NewBuild
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billybear1 wrote: »Hi there, my friend is coming to see me at the weekend and is considering buying a new build house, which, he states, has a 20% premium on it due to the build quality and energy efficiency. With this 20% extra premium as the market picks back up it will grow at a more substantial rate than the increases on an older house.
When he told me that, I just laughed and said "No that's just the premium the builder has put on and admitted to putting on. That is why you should avoid a new build as in 3 years it will have normalised and no one will care that it's an A rated Vs a C graded house that is 20% cheaper."
Still, what are your thoughts on this?
:rotfl::rotfl::rotfl:0
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