Buying a house with 18 year old boiler - renegotiate price?

warehouse

Crashy_Time wrote: »

So in your opinion Brexit isn`t affecting the housing market (along with changes in sentiment, prices too high, interest rates and volatility rising etc.)?

There was no brexit last time the prices crashed so it may well not have anything to do with it.

Crashy_Time

warehouse wrote: »

There was no brexit last time the prices crashed so it may well not have anything to do with it.

I would say it is a kind of sideshow, because the factors for a property price correction are already in place, but it does add a dimension of economic uncertainty which is going to have an effect on property buying sentiment, and with BTL becoming less appealing that is two more layers on top of credit conditions pointing to a crash, meaning the crash should be bigger and more prolonged this time. Re. the boiler - It might chug along for a few more years yet, the price negotiation shouldn`t be based on the boiler, but on economic realities and how much you really want to pay for the house.

StumpyPumpy

PhilE wrote: »

As for combis packing in after a few years; a good combi should have a 10 year guarantee, and serviced annually.

What qualifies as a "good combi"? Because looking online, there appears to be a huge range of warrantees offered, starting at 2 years. 10 years would appear to be the maximum offered and not all that common. Glow worm, for instance offers a range of warrantees from 2 - 5 years. Potterton seems to go from 2 - 7 years and Worcester Bosch go from 5 - 10 years. But all these come with a huge set of terms and conditions to be met before qualifying. Some require deposits, or fitted by an company accredited installer (as opposed to just GasSafe) whilst others have to have an annual service within 60 days of the installation anniversary to qualify.

There may be others that are better, I don't know. I am not an expert and have never had the need to replace a boiler in the 30+ years I've owned properties. I am genuinely curious though about where you get the idea that "good" combis all come with a 10 year guarantee because my quick searching on the internet would suggest otherwise.

SP

PhilE

StumpyPumpy wrote: »

There may be others that are better, I don't know. I am not an expert and have never had the need to replace a boiler in the 30+ years I've owned properties. I am genuinely curious though about where you get the idea that "good" combis all come with a 10 year guarantee because my quick searching on the internet would suggest otherwise.

SP

I'll probably go with Worcester because I've experienced them as reliable. I also have a Johnson and Starley which has all the bells and whistles, but I'd have chosen the Worcester if that were possible at the time. (Switched from warm air to rads)

If you've been owning properties and boilers for 30+ years, you know more than me. By all means, if you'd like to recommend a brand/model which has stood the test of time I'd be happy to hear.

macman

You can extend the Viessmann 5 year warranty to 10 years if fitted by a Viessmann approved RGI. That cost me another £100, but I reckoned that £20pa was a very reasonable premium for doubling the warranty period.

Niv

I had a back boiler in my last house which by the time I left would have been ~45years old. It was great, nothing much to go wrong with it and when i got it serviced it heated up so much quicker we had to turn the gas supply down as it was heating up too quickly!


I have moved now and sadly could not take that boiler with me, I now have a Grant oil boiler which was installed in about 2005 I believe, just had to replace the motor as it was getting loud (I believe it was the bearings), the guy said that there was not much else to go wrong with it so it should last for quite some time yet.


I guess my point is that old boilers are not inherently bad, less efficient most likely but not bad. But to get rid of a boiler due to efficiency is also a poor decision imo as it will take you some time to make that back from the cost of new installation by which time you may well have to undertake a big repair, off setting that again.

Mistral001

The boiler in question seems like almost new as far as I can see. My boiler is nearly 50 years old and still going strong!

Crashy_Time

Mistral001 wrote: »

The boiler in question seems like almost new as far as I can see. My boiler is nearly 50 years old and still going strong!

50 years? Didn`t know they made them to last that long.

AdrianC

Crashy_Time wrote: »

50 years? Didn`t know they made them to last that long.

They did 50 years ago...

Crashy_Time

AdrianC wrote: »

They did 50 years ago...

Did they go out of business 40 years ago?