AAARGH!!! Surveyor massively downvalues flat

mjoneseyjones

But again, as alluded to by other posters, this seems to bother you a lot more than it does the guy who's actually going to be paying it. Why is this? Why the desperation to tell a stranger on the internet, who appears to be completely comfortable with their purchase, that they've made a terrible mistake?


I had a flick through your post history as suggested by someone above - you do come across as very bitter towards those who can afford things that you cannot. Perhaps try becoming more comfortable with your own lot in life, maybe then you wont expend so much time and effort trying to pick holes in other folks?

shortchanged_2

mjoneseyjones wrote: »

But again, as alluded to by other posters, this seems to bother you a lot more than it does the guy who's actually going to be paying it. Why is this? Why the desperation to tell a stranger on the internet, who appears to be completely comfortable with their purchase, that they've made a terrible mistake?


I had a flick through your post history as suggested by someone above - you do come across as very bitter towards those who can afford things that you cannot. Perhaps try becoming more comfortable with your own lot in life, maybe then you wont expend so much time and effort trying to pick holes in other folks?

What is this website called?

Tim_Bisley

shortchanged wrote: »

There's no flaw in my reasoning the fact is that it is a ridiculously expensive service charge. Of course Tim will try to justify paying it because he has committed to it now and it's probably dawned on him what a waste of money it is now someone has put a figure on paper what it's costing him. £48,000 in 10 years is a very large amount in return for probably very little.

If you are going to continue to carry on at least try and work about what £4000 x 10 is correctly. I'm writing this post on an iPad, just to demonstrate my profligacy further.

hcb42

Sounds amazing OP and in a great location. We lived in East Bridgford for years so know the city itself fairly well.

Don't regret that you missed that ex council house in St Ann's though - you will get over it and there will always be another one :P

In terms of the charge, two gym memberships alone must be near enough £80 - and the convenience of not having to leave the building would have a certain value to most people, and that's apart from all the day to day care and maintenance that needs doing...and it sounds like it is well cared for, which is extremely important for safety and wellbeing.

Tim_Bisley

Thank you! High it may be, but as you say it's not like we are getting nothing for our money.

Fraise

shortchanged wrote: »

Well according to many of the property rampers on here you would need nowhere near that amount to maintain a property.
The OP would be paying £80,000 over a 20 year period if they stayed there that long. That would pay for a few new roofs, boilers, double glazing etc. Actually you could probably build a whole new house for that.

Shortchanged,

Do you know how long a roof lasts for? Let me tell you. A new roof roof is guaranteed for a MINIMUM of 30 years BUT, nearly all roofs last at least 60 years, sometimes 100 years.

You might get the odd tile blow off, but you'd never need to have your roof replaced more than once - if at all.

shortchanged_2

Fraise wrote: »

Shortchanged,

Do you know how long a roof lasts for? Let me tell you. A new roof roof is guaranteed for a MINIMUM of 30 years BUT, nearly all roofs last at least 60 years, sometimes 100 years.

You might get the odd tile blow off, but you'd never need to have your roof replaced more than once - if at all.

Yes I do realise that, my point being that someone who owned a freehold property would not actually need to spend anywhere near what Tims service charge would be. Although they'd have to pay for their own cleaner.

ukcarper

shortchanged wrote: »

Yes I do realise that, my point being that someone who owned a freehold property would not actually need to spend anywhere near what Tims service charge would be. Although they'd have to pay for their own cleaner.

Would they have a gym and pool in the building.

Tim_Bisley

shortchanged wrote: »

Yes I do realise that, my point being that someone who owned a freehold property would not actually need to spend anywhere near what Tims service charge would be. Although they'd have to pay for their own cleaner.

Still going? I've yet to see what your point is other than "it's expensive". If you live in flat you will most likely pay a service charge. If you have a viable alternative other than "don't buy a flat" I'm sure the thousands of people living in such properties will be glad to hear it!

Fraise

ukcarper wrote: »

Would they have a gym and pool in the building.

Not sure how many apartments are in this block, but if each flat is paying £4000 per annum to maintain a swimming pool and gym on top of general maintenance - and this is Nottingham, it's not Canary Wharf - it does seem a lot. Especially as it seems it's a new build that will require very little maintenance for some years.

Yes, they have to pay cleaners, porterage, gardeners etc, and tradesmen to fix the odd broken lightbulb etc, but for Nottingham is seems excessive. It's unlikely the roof will need repairing in the next 50 years,and except for gutters ring, drains if blocked, and replacing windows every, what, 20 years, painting doors every five years or so, it seems a lot.

But if the OP is happy to pay it that's up to him. Lots of people pay service charges and just accept it. If you're not happy with its being run, or you think you're overpaying you can take it to the FTT.

Some freeholders and managing agents use service charges as a money tree.