Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. 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!

The Nice People Thread, No.16: A Universe of Niceness.

182838587881094

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 12 August 2017 at 11:07AM
    LydiaJ wrote: »
    They're 4-bedroom family houses...
    We'd all like one of those because when you take out the wording it just means: House with a decent sized living room, probably a utility, a proper driveway and a garage.

    Unfortunately .... to buy one "like mine, but 4 beds with all that" would cost more :)

    Looking on RM, including those already sold - and skipping past those on the "council estate with the bad reputation", 4 bed detached, modern/no work essential the three cheapest are: £355k, £370k, £400k.

    Even if I'd just moved 35 yards down the road and bought one in the new dev that's "just like mine" but brand new is £275k.

    Years ago, more houses were built "the same sort" - these days they seem to want to mix people up a bit .... which doesn't really work well for anybody as you end up living alongside "people who aren't a bit like me".

    The original PP for next door included some flats; that was rejected, so it's just 2- and 3-bed houses. I'm surprised anybody bought the 3-bed detached really as you can get so much better/more for the money, except not "brand new".... but "immaculate/almost new" would be achievable giving a "better house, garden etc".
  • LydiaJ
    LydiaJ Posts: 8,083 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    We'd all like one of those because when you take out the wording it just means: House with a decent sized living room, probably a utility, a proper driveway and a garage.

    Unfortunately .... to buy one "like mine, but 4 beds with all that" would cost more :)

    Yes, I've got all that. And it cost way more than I would ever have been able to afford if it hadn't been for the life insurance and the fatal accident compensation.
    Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
    Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
    Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
    :)
  • silvercar
    silvercar Posts: 49,666 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    I've had a letter to my mum and dad .....

    Having put in for PP I'm getting the usual letters from builders telling how great they are - and one was written to Mr & Mrs PasturesNew.

    Beware of builders who have so much time free that they can chase PP applicants. A good builder is a busy one.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    silvercar wrote: »
    Beware of builders who have so much time free that they can chase PP applicants. A good builder is a busy one.

    I will be getting the architect to suggest people in the first instance; hoping that'll be enough.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've got the patio doors open and for about 10 minutes there's been a really strong smell of something like paint thinners. No point stepping outside to see where it's coming from as you can't see anything with such high fences everywhere.

    Chap 3 doors down's had his motorbike out for a run, wonder if he's cleaning something.....

    I'll never know though...

    Peeked out of the bedroom window ...really far out and I can see his shed door's open, so I bet that's it.
  • chris_m
    chris_m Posts: 8,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No point stepping outside to see where it's coming from as you can't see anything with such high fences everywhere.

    You need a periscope - or a drone :rotfl:
  • michaels
    michaels Posts: 29,133 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    We'd all like one of those because when you take out the wording it just means: House with a decent sized living room, probably a utility, a proper driveway and a garage.

    Unfortunately .... to buy one "like mine, but 4 beds with all that" would cost more :)

    Looking on RM, including those already sold - and skipping past those on the "council estate with the bad reputation", 4 bed detached, modern/no work essential the three cheapest are: £355k, £370k, £400k.

    Even if I'd just moved 35 yards down the road and bought one in the new dev that's "just like mine" but brand new is £275k.

    Years ago, more houses were built "the same sort" - these days they seem to want to mix people up a bit .... which doesn't really work well for anybody as you end up living alongside "people who aren't a bit like me".

    The original PP for next door included some flats; that was rejected, so it's just 2- and 3-bed houses. I'm surprised anybody bought the 3-bed detached really as you can get so much better/more for the money, except not "brand new".... but "immaculate/almost new" would be achievable giving a "better house, garden etc".

    I can not understand the premium people are willing to pay for 'new' or 'just refurb' properties.

    On our road there are houses asking about 650k that are not selling and one that was refurbed and flipped asking 750 that sold in 2 weeks - you could easily turn the 650k house into the 750k house by spending 40k or less - does not compute.

    Then again currently the costs of moving are so great that you need to want to make a huge change up or down the ladder before it becomes cheaper to move than to remodel/extend your current house.
    I think....
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 12 August 2017 at 4:26PM
    michaels wrote: »

    Then again currently the costs of moving are so great that you need to want to make a huge change up or down the ladder before it becomes cheaper to move than to remodel/extend your current house.

    I have a small lump sum to "park". My choices were to move, or to do something to this one.... as the small lump sum is "small" moving didn't make sense as I figured that I'd just buy another house, still with issues and most of the money gobbled up in costs. It wouldn't give me access to "the next level of house quality/amenity". Just "a different house of the same quality ... and maybe an extra amenity this one's not got".

    That's why I decided to just "make the most of what you've got" just as a way of "parking" a few bob.

    The new one like mine at £275k is now 2nd hand as they've slept in it :)
  • Pyxis
    Pyxis Posts: 46,077 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 12 August 2017 at 4:51PM
    I

    The new one like mine at £275k is now 2nd hand as they've slept in it :)

    blahugh! :D




    I must admit, I think I'd be wary of new builds after all the problems I've heard about snagging and more.

    One I bought wasn't new, it was nearly new, but even with that, huge probs came to light after .I'd bought it, which luckily were seen to by insurance.

    My home is pretty old........ about 120 years old. I reckon that if it's been standing that long, it should be ok for a few more years! :D


    It had a new roof put on just before I bought it, though! (30+ years ago!) :D
    (I just lurve spiders!)
    INFJ(Turbulent).

    Her Greenliness Baroness Pyxis of the Alphabetty, Pinnacle of Peadom and Official Brainbox
    Founder Member: 'WIMPS ANONYMOUS' and 'VICTIMS of the RANDOM HEDGEHOG'
    I'm in a clique! It's a clique of one! It's a unique clique!
    I love :eek:



  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Random TV programme, channel 4, Big House, Little House. Couples change their house/extend etc.

    Initial valuation £450k
    Spent £80k

    New valuation £509k.

    "They have taken good advice and made some good decisions" he said...

    I think they're a bit pee'd off it wasn't valued at more.

    I think the other couple also made a "loss" ... but they did get their dream house from it.

    I'm so glad I don't have a "dream house" in my head, waiting to burst out. It's easier being "easily pleased" and lacking in any style or aspiration. It's cheaper too :)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.5K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.