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new build houses - a good investment???
Comments
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gingernutbizkit wrote:we bought our house 3 years ago for £140K. since then we have done a loft conversion, new kitchen, new bathroom, extension, landscaped garden and are just finishing redecorating the bedrooms and lounge. it has now been valued at £230K and we have approx £105K equity in the house.
If YoY HPI were 5% that's (230K-162K) ~ 68K
If YoY HPI were 10% that's (230K-186K) ~ 44K
How much did your improvements cost?
And in the gist of this thread ......
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I've been following it for a week or two. The guy is delusional. I think his middle names must be "prevarication" and "fantasy". He needs a bunch of DFWs to go round and sort him out.I look forward to reading iamfacingreposession.co.uk
I've recently registered something like that. Hopefully I can do something more with it than Casey Serin has done with his. A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
there is a housing development in melton mowbray(about 20 miles fro me where they guarantee a 6% return for two years if you buy it and let them rent it out) is there not similar near you???0
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Some friends of ours did it and are now living in Spain in a £250,000 house with no mortgage. They did start with a London flat and moved to West Yorkshire,(4 bedroomed detached) then South Yorkshire (5/6 bedroomed detached) buying new builds before moving abroad. I agree with massive though, the market in our home town is not as good as it was 2 years ago when they sold their last house.0
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