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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Buying - Am I making a mistake
Comments
-
I wouldn't take it due to location0
-
this one is 236K. My maximum maximum is 227K. I can't borrow any higher unfortunately.
And at 236K, it's not that different from the house I have except the condition.0 -
How much are you able to do yourself? If you're an able type who is prepared to give it a go, then it could be a great opportunity.
Friend of mine bought a property in Cambridge (admittedly in slightly better nick and smaller) with no real experience in doing up houses - it was his only option. He spent nearly every night and all weekends doing it up. Even the harder jobs such as electrics and plastering he turned his hand at (he did get a qualified electrician to sign it all off).
Its not perfect, but it's his home now.
His motto was all you need is the right tool and Google.0 -
I'm happy to do work actually. But I probably can't afford to pay so much extra to repair everything.
Maybe my question is... if I were to sell it in few years, and leave the house as is... how much would that worth in the market?0 -
Who knows?
It'll keep deteriorating so should be worth less but if the local market rises then it could follow suit.
That's a pure gamble though. You may as well go to the casino.0 -
I don't think leaving it as it is is an option!0
-
I would add to that motto - "and heaps of time and patience". ... I too thought I could do work myself with the help of google and you tube - but my workmanship was shoddy (as I'd nver tried anything like it before), it took up FAR TOO MUCH of my time and took over my life, I broke many things because I had no 'technique' (like how do you hold a mirror and screw it to the wall at the same time and not smash it? - yup I was that bad).eric_blair wrote: »How much are you able to do yourself? If you're an able type who is prepared to give it a go, then it could be a great opportunity.
Friend of mine bought a property in Cambridge (admittedly in slightly better nick and smaller) with no real experience in doing up houses - it was his only option. He spent nearly every night and all weekends doing it up. Even the harder jobs such as electrics and plastering he turned his hand at (he did get a qualified electrician to sign it all off).
Its not perfect, but it's his home now.
His motto was all you need is the right tool and Google.
My lesson learnt, I will never attempt DIY again and will pay extra for the security of someone who knows what they are doing.
If you have infinite time and patience give DIY ago. If you prefer a good job, and want to maintain your other hobbies and life, pay a tradesman!0 -
Is there a reason you need a four bed place? It seems a big house if you're only going to live there for a couple of years, unless you have a big family. You might be able to get somewhere in better condition if you look at two bed terraces.0
-
Jesus where do all these clever buyers come from..They do not do any homework yet expect to come out of a quarter of a million pounds transaction unscathed....Do your HOMEWORK on asking and selling prices before you ever go near a property......Find out what the owners paid ect ect..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 -
I finally decided to retract myself from the offer.
I'll keep looking elsewhere...
I don't need a 4 bedroom, but I really like space and size.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards