House overpriced now loft conversion has no building regs. Advice needed.

AdrianC

Yalpsmol wrote: »

If it can only be marketed honestly as a 2 bed (with additional living space....) for future sales

What is the difference between "a bedroom" and "additional living space", apart from the presence or absence of a bed?
What legislation defines this, with reference to the presence or absence of building control sign-off on long-completed work?

Comms69

AdrianC wrote: »

What is the difference between "a bedroom" and "additional living space", apart from the presence or absence of a bed?
What legislation defines this, with reference to the presence or absence of building control sign-off on long-completed work?

Don't think that is even a criteria

AdrianC

I'd have said the presence or absence of a bed was the very essence of what a "bedroom" is, tbh.

Just as a table is a good clue as to a dining room, a cooker in a kitchen, and a bog in a bathroom.

foxy-stoat

If your intending on staying there for years then buy it. If you want to do the repairs and flip it then dont buy it.

Check the loft extension has been done correctly though, enough structural supports etc - did they have input from an engineer when they carried out the works?

Yalpsmol

Well OP clearly thinks it should have been marketed as a 2 bed. So presumably thats how they would market it (assuming consistency). But I entirelt agree. Its still the same house and space and you can use the dining room as a bedroom if you want to.

Doozergirl

I need to save my loft conversion/building regs spiel on my phone so I can just copy and paste it. I'm bored of writing it down.

A room is always a room if it is safe. Building control confirms safety but there will be many safe conversion with no certificate. Safety and a certificate are not mutually exclusive .

Pick a thread, any thread. There will be more, but here's some more threads with me ranting:
https://forums.moneysavingexpert.com/search.php?searchid=190300756

https://forums.moneysavingexpert.com/search.php?searchid=190300947

Marvel1

Craigh1983 wrote: »

It's not about trying to get money off for the sake of it! If the house was advertised as £175,000 (which is the proper market value!) Your telling me all of you would go straight in at £175,000 because that's what it's worth!!!???? I don't think so!

But in wasnt it was advertised for £190,000 and were happy with that and offered £175,000 - sorted.

lincroft1710

AdrianC wrote: »

Just as a table is a good clue as to a dining room, a cooker in a kitchen, and a bog in a bathroom.

How easy it is to define the room usage in the modern home!

My parents' first house (built around 1912) didn't have an actual "kitchen" The rear living room had a gas cooker in the corner. the sink and wooden draining board were in an adjoining narrow room which also contained the bath, no room for anything else. It was still like that when they sold it in the mid 1960s

ethank

Craigh1983 wrote: »

The point is as a 2 bed house it is valued at £175,000. Why advertise it for £190,000 when that's is way over the top!

When in actual fact the house should have been advertised more around the £175,000 mark and then I would have offered less because it needs quite a bit of work!

Am I missing something here? Isn't this how putting in an offer for a house works!?? If the property is in fantastic condition, yea offer the asking price... If it needs loads of work then offer lower to make up for that!

It's not about trying to get money off for the sake of it! If the house was advertised as £175,000 (which is the proper market value!) Your telling me all of you would go straight in at £175,000 because that's what it's worth!!!???? I don't think so!

The house was priced at 190k
You offered 175k because that’s what you thought it was worth
You submitted a mortgage application which listed sale price at 175k
The mortgage provider requested a valuation
The valuation came back at 175k
The valuer agreed with YOUR own valuation of 175k
The valuer would never say it is worth 190k if the sale price is 175k

Albala

If the bedroom in question would be, say unsafe, maybe in a fire*, and you would need to use it, then you have to ask yourself if it is still worth the money to you. Whatever people say, the surveyor's valuation is only a critical matter to the lender.

You offer what it's worth to you, the seller has to decide whether they want your money or the house. That's all there is to it. If you decide, with the new information that the 3rd bed is not up to scratch, that it is worth less to you as a result, offer less. That is you right. They may or may not accept it. That's theirs.


*building regs are there for a reason, you need to know why it s not compliant (and possibly how much it would cost to fix, or even if that is possible). It's you and your family that will be living in it and taking any risks there may be, not the surveyor.