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!
Not sure how much these features are worth
Fuchsia_a
Posts: 116 Forumite
We're considering offering on a house which is priced at £145k and has been on the market for 5 months.
The last house on the street sold for £140k in January; however, that house had:
A conservatory
Decent brick-built garage (the one we're considering has a delicate-looking concrete one with slightly leaning walls and a leaking roof!)
Swanky modern kitchen and bathroom (the one we're considering is serviceable but the kitchen is outdated and a bit grotty)
Central heating
Slightly larger room sizes
Landscaped garden (the one we're considering just has a decently sized but grim concrete yard)
The house we're considering is otherwise in good condition.
How much should the difference in features make to the value of the house? I was assuming about £5k odd for installing central heating but am not so sure about the conservatory, garage, state of the bathroom, kitchen and garden etc. I'm a bit stumped about how much to offer, but definitely feel it's overvalued for the features!
The last house on the street sold for £140k in January; however, that house had:
A conservatory
Decent brick-built garage (the one we're considering has a delicate-looking concrete one with slightly leaning walls and a leaking roof!)
Swanky modern kitchen and bathroom (the one we're considering is serviceable but the kitchen is outdated and a bit grotty)
Central heating
Slightly larger room sizes
Landscaped garden (the one we're considering just has a decently sized but grim concrete yard)
The house we're considering is otherwise in good condition.
How much should the difference in features make to the value of the house? I was assuming about £5k odd for installing central heating but am not so sure about the conservatory, garage, state of the bathroom, kitchen and garden etc. I'm a bit stumped about how much to offer, but definitely feel it's overvalued for the features!
0
Comments
-
Links to both properties might be helpful.You can pick your friends and you can pick your nose but you can't pick your friend's nose.0
-
I know, but I'm a bit worried that the vendor might notice and it could affect things?
0 -
The features listed could have cost as much as £100K to install depending on who did it.
Without details its impossible to say but I would have thought £20K.0 -
-
The cost of a new kitchen may be £10,000 but that doesn't mean the house price has gone up £10,000..
Offer what you think it's worth, and see if the seller accepts
0 -
pinkteapot wrote: »They may well be a user on this site...
Who happens to follow this board and happens to see this thread? - small chance of that.
Even more so, what if they do. Chances are they'll see they've over priced their house.0 -
Unless prices have dramatically increased in the area in the last 9 months, I would have thought £127K would not be unreasonable.If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards