When you look to buy do you do look at its saleability factor in future?

sterl1ng

I find I'm doing that a lot as I don't want o be stuck in property if no one wants then meaning I lower price.

But on flip side have seen some cute and quirky properties which thought were ok except rooms like kitchen too small (4ft width and 11ft length) but oddly still liked but cause of current kitchen (14x11) hard to see pass it when so small

I see things with heart but then think with head which I guess can be boring but sensible so no regrets later, I hope

DKLS

I always buy a house with a view to resale, the thought of being stuck with a property that wont shift or I cant flip to make a few quid is a non starter for me.

sinbad182

sterl1ng wrote: »

I find I'm doing that a lot as I don't want o be stuck in property if no one wants then meaning I lower price.

But on flip side have seen some cute and quirky properties which thought were ok except rooms like kitchen too small (4ft width and 11ft length) but oddly still liked but cause of current kitchen (14x11) hard to see pass it when so small

I see things with heart but then think with head which I guess can be boring but sensible so no regrets later, I hope

Are you going to make a new thread for every stage of your house buying odyssey?

Kynthia

It's a balance. You don't want to buy a property purely for it's investment potential and then never really love living there and enjoy it as a home. However you don't want to buy somewhere that you struggle to sell when you need to. So a quirky house is fine, or one on a main road or with a small kitchen, however I wouldn't buy somewhere that you couldn't rent out, was difficult to mortgage because of construction type or was next door to a pub.

sterl1ng

sinbad182 wrote: »

Are you going to make a new thread for every stage of your house buying odyssey?

Haven't decided yet:D

Dukesy

Honestly, I think that even if you plan to live in a house for the rest of your life, you should consider the future saleability of it. You never know when your circumstances may change and leave you in the position of having to sell.

For OH and I, future selling prospects are paramount. We buy complete wrecks that no-one else wants to touch at rock bottom prices and then renovate (the only tradesmen we get in to do anything being the the plumber for the central heating - we do all the plain water from a-b and the waste plumbing ourselves and the sparky). We do this in order to make money on the place, but there are other factors. I wouldn't even begin to consider buying a house that I wouldn't love, as although we buy to make money, and get us closer to the 'forever home', our renovation projects are also our home. Location is also very important - even if we could double our money on, say, a house in the city centre, we wouldn't buy it, as neither of us could stand living in town.

You have to think sensibly about it - a small kitchen on a house that is otherwise a good size and in a good location may be no problem if there is scope to extend, but could be a real issue for potential buyers if not. I personally would never even consider a house with a kitchen that size, no matter how nice it was. Then again, there's no point in you buying a house that you don't like simply for saleability. Look at what sells well in your area, the target market of whatever house you're looking at (eg a 3 bed family house with a galley kitchen and no potential to extend is probably not a good bet) don't rush into buying anything and make sure your head keeps your heart in check.

I_have_spoken

Yes, buy, extend and decorate with resale option always in mind.