questions for buying property

phatbear

spezial wrote: »

so can you tell me please how much home insurance a 2 bedroom house in Romford could pay minimum, and how much are the utility bills (cheapest companies) monthly for a couple living?

(Text removed by MSE Forum Team)

how can anyone give you an idea of how much home insurance is on a 2 bed house in romford without the same information that you claim you dont have access to.

for example say i lived in romford, which i dont, and i had a 2 bed house with top notch double glazing with the best locking system about and my contents were kept in a safe and i didn't smoke and my house was in the nicest bit of romford with low levels of crime and my house was worth ermmm £300k then how would that be relevant if you were looking at the crime riddled bit of romford and your windows were single glazed no locking systems and you were a heavy smoker and your house was worth £200k

spezial

how much does the price of a flat degrades with time? eg. if I buy a brand new flat, after 50 years will it worth anything or it will be worthless? Are there 50 years old flats still inhabitated or they are considered too old?

Elfbert

We like to knock all buildings down after 50 yrs. It's a little known fact that Buckingham Palace is actually completely regenerated every 50 years. We just put up a really big picture to keep the tourists happy while it's being done.

If you buy a brand new flat, depending on the length of the lease it will be worth plenty in 50 yrs time. You've already been told all about leases.

Most newbuilds will dip in value slightly, then, depending on the area, rally again, especially if no more newbuilds go up nearby.

Many big blocks of flats you see in cities will have been built in the 50s/60s. That's over 50 years ago, just to save you Googling.

shegirl

Elfbert wrote: »

We like to knock all buildings down after 50 yrs. It's a little known fact that Buckingham Palace is actually completely regenerated every 50 years. We just put up a really big picture to keep the tourists happy while it's being done.

If you buy a brand new flat, depending on the length of the lease it will be worth plenty in 50 yrs time. You've already been told all about leases.

Most newbuilds will dip in value slightly, then, depending on the area, rally again, especially if no more newbuilds go up nearby.

Many big blocks of flats you see in cities will have been built in the 50s/60s. That's over 50 years ago, just to save you Googling.

:rotfl: :T

spezial

Elfbert
I don't think you fully understood my post

A 50 years flat, what would need in maintenance? Maybe change the whole heating system? Maybe change the whole water hose system? Maybe change the whole electric system? Maybe change doors and windows? Maybe change floors? Paint and repair walls? What about moisture? What about static issues? What about compatibility with future systems and technologies?

Would you buy a 50 year flat? What if you have to spend another 20k for repairs, so that it would cost you as if you bought a new?

Do you have valid data about the maintenance costs of a flat of that age?
Then you can speak if it is ok to buy a 50 year old flat.
But I agree that a brand new flat has an overvalue due to its newiness.
But not to say that it's okay to buy a 50year old flat!

ManuelG

It'll be all hover beds in 50 years with robot teasmaids doing favours for sailors.

booksurr

after 50 years a flat will be as tried and worn out as you will be and will need a fortune spent on its hoses - mind you your arteries will almost certainly need similar flushing and your electrics will lack that spark they once had

which flat do you want data on? One in Scotland - you won't be allowed to own it unless you are Scottish, same goes for Wales. One "up north"? there won't be any left as the workers will have revolted and bought them all up under RTB and then watched them crumble as they can't afford the maintenance costs previously paid by the taxpayer. Once "darrrn sarth"? You wont want to mix with all the oligarchs who will own all of them in 50 years time. So you are left with the wellie wangers of the West - expect that they live in houses not flats.

T'is a bleak future

spezial

are there any plans to improve the transit time of Essex to London? I would like to know, eg any plans to link Southend with London within 30 min?

Cornucopia

No. .

spezial

I chose Grays to be the area to live in
properties are cheaper
there is 30min link to London ever 15-20min
station, supermarket, shops, centre are all close by
schools are very good

the only drawback is that there is only Morissons and Aldi, while I would like Asda and Lidl
Aldi has worst quality in contrast to Lidl
And Morissons doesn't have so much variety as Asda
I hate Tesco and ofcourse Waitrose and M&S are ridiculously expensive
that's the only drawback

any opinions?