Lower offer for a newer kitchen/bathroom?

kindofaverage

Could any kind people offer advice on the following please. Is it usual for a below asking price be offered if a new kitchen or bathroom is needed? For example a newer kitchen (approx 20k) or newer bathroom (approx 10k) needed and offering less these amounts from the asking price? Just curious!!!

phoebe1989seb

IMHO, not really - kitchens and bathrooms are a matter of taste and what one buyer (or indeed the vendor) may love, another buyer may hate Many buyers will want to rip out even the newest, most high-end kitchen/bathroom if it doesn't float their boat....doesn't mean they should expect a price reduction to reflect this

If it's in a bad state of repair there may be some leeway, but it doesn't really rank with the likes of dangerous wiring, for example.....

kindofaverage

thanks phoebe !!! as you say one person's taste may not be another's (even if it were a high spec kitchen or bathroom).

mandi

kindofaverage wrote: »

Could any kind people offer advice on the following please. Is it usual for a below asking price be offered if a new kitchen or bathroom is needed? For example a newer kitchen (approx 20k) or newer bathroom (approx 10k) needed and offering less these amounts from the asking price? Just curious!!!

Your having a laugh .. 20K for a new kitchen and " approx " 10 k for a new bathroom ?

kindofaverage

mandi wrote: »

Your having a laugh .. 20K for a new kitchen and " approx " 10 k for a new bathroom ?

NOT having a laugh just merely asking a question!!!

mandi

kindofaverage wrote: »

NOT having a laugh just merely asking a question!!!

Perhaps so and I understand , but your estimates for a new kitchen & bathroom are whey out. If you want the house then place an offer..?

kindofaverage

mandi wrote: »

Perhaps so and I understand , but your estimates for a new kitchen & bathroom are whey out. If you want the house then place an offer..?

hi and sorry but you are missing the point. I just wanted to know if £x amount of money would be / is usually deducted if a buyer wanted a new kitchen/bathroom installed.

Talc1234

kindofaverage wrote: »

hi and sorry but you are missing the point. I just wanted to know if £x amount of money would be / is usually deducted if a buyer wanted a new kitchen/bathroom installed.

No, condition of original bathroom / kitchen should have already have been factored into the asking price.

kindofaverage

thanks talc1234 !!

Seabee42

I am not sure its quite that clear cut.

I would say you do get properties needing updating and allowing for costs is reasonable. A property needing updating is rarely priced to cover the cost of upgrading.

NervousHomeowner

We factored the cost of a new kitchen into our offer. However, it was only because the kitchen definitely needed replacing, and we only took a minimal amount off, not £10,000!

Obviously the house should be priced accordingly if it needs a new kitchen but it doesn't always happen that way. I think I would only factor it into your offer if you don't think the house has been priced accordingly and the kitchen actually needs replacing. And I wouldn't ask for such a huge amount off - only the minimum of what would be needed to bring the kitchen up to a liveable standard.