Looking to buy a Barratt Home advice needed?

swishy87

kilby_007 wrote: »

I can't believe they don't offer a shower in with the price, and you feel like you're getting a "deal" by getting a discount on the extra charge. The houses are 10-15% overpriced to begin with; a premium which you lose the moment you sign the documents, so any "deal" on "added extras" (which you'd expect to get with a second hand build anyway) is an oxymoron. These lot put car salesmen in the shade when it comes to pulling the wool over people's eyes...

Not really helpful as each to their own. Having just completed on a new build I now completely disagree with this. The second hand houses of the same spec would have needed so much money spent on them to get them up to this standard of kitchen, etc. So I actually think the premium is worth it.

kilby_007

swishy87 wrote: »

Not really helpful as each to their own. Having just completed on a new build I now completely disagree with this. The second hand houses of the same spec would have needed so much money spent on them to get them up to this standard of kitchen, etc. So I actually think the premium is worth it.

Totally dependent on the second hand property you're buying but if you're looking at a property that needs the kitchen doing you'd generally reduce your offer price based on that, and as long as it's not 15% overpriced to begin with then you're not facing a losing battle like you are with a new build. With that 15% premium you're paying on a new build (37.5K extra on a 250K house) you could do whatever you wanted to the house (new kitchen, bathroom, furniture, carpets and buy a new car and you'd probably have 10K left over).

Contrary to what you're saying we've seen second hand properties that have had a recent kitchen &bathroom refit, granite worktops, built in utilities, jazcuzzi baths, walk in showers etc that you'd have to pay lots extra for on a new build, and they've not added much if anything extra to the asking price when compared to other local asking prices.

chanz4

you want to split a refer a friend pm me

swishy87

kilby_007 wrote: »

Totally dependent on the second hand property you're buying but if you're looking at a property that needs the kitchen doing you'd generally reduce your offer price based on that, and as long as it's not 15% overpriced to begin with then you're not facing a losing battle like you are with a new build. With that 15% premium you're paying on a new build (37.5K extra on a 250K house) you could do whatever you wanted to the house (new kitchen, bathroom, furniture, carpets and buy a new car and you'd probably have 10K left over).

Contrary to what you're saying we've seen second hand properties that have had a recent kitchen &bathroom refit, granite worktops, built in utilities, jazcuzzi baths, walk in showers etc that you'd have to pay lots extra for on a new build, and they've not added much if anything extra to the asking price when compared to other local asking prices.

Definitely not the case for us. Ours is well priced for the area and came with much better quality than anything else we could have got, so ended up being a better buy.

kilby_007

swishy87 wrote: »

Definitely not the case for us. Ours is well priced for the area and came with much better quality than anything else we could have got, so ended up being a better buy.

Obviously you've bought already so you have to justify it, but I bet if you stuck it on the market the year after you purchased it you'd lose at least 10%.

swishy87

kilby_007 wrote: »

Obviously you've bought already so you have to justify it, but I bet if you stuck it on the market the year after you purchased it you'd lose at least 10%.

I don't have to justify it now as I had the choice 6 months ago as to whether it was worth it or not. I doubt it would drop by 10%, but I won't need to find out so not an issue. Every house is a new build at some point!

Dolly123

Thanks for everyones replies can anyone else recommend anything else?

clint_S

kilby_007 wrote: »

Totally dependent on the second hand property you're buying but if you're looking at a property that needs the kitchen doing you'd generally reduce your offer price based on that, and as long as it's not 15% overpriced to begin with then you're not facing a losing battle like you are with a new build. With that 15% premium you're paying on a new build (37.5K extra on a 250K house) you could do whatever you wanted to the house (new kitchen, bathroom, furniture, carpets and buy a new car and you'd probably have 10K left over).

Contrary to what you're saying we've seen second hand properties that have had a recent kitchen &bathroom refit, granite worktops, built in utilities, jazcuzzi baths, walk in showers etc that you'd have to pay lots extra for on a new build, and they've not added much if anything extra to the asking price when compared to other local asking prices.

Where is this 15% premium from. I've just bought a new build and they were at least 10% cheaper than a similar second hand property in the area, and they threw lots in. For example my 4 bed detached cost £230K a similar sized 1980's 4 bed cost £250K within 1/2 a mile of the new build site and Victorian was closer to £270K. Those had dodge carpets and needed completely redecorating.