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FTB House needs a new roof

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Comments

  • hbe9595
    hbe9595 Posts: 4 Newbie
    First Post
    youth_leader said:
    I withdrew from my sale and left the EA as well when the buyer suggested I do both my roof and replace all my ground floor floor boards just before Christmas.  I was selling cheap because the house needed renovation and knew the roof needed work, but expecting me to have both the roof and the floors done at the same time was outrageous.  
    Thanks for this! I’m very aware that I don’t want to ask so much of the vendor, just as they are a developer I thought they might be keen in order to make things simpler. But it seems like best thing is just decide what I’m willing to pay then fix what needs fixing after!
  • greatcrested
    greatcrested Posts: 5,925 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 February 2021 at 2:32AM
    You got there in the end!
    But no one's questioned your initial statement:
    The only issue is the roof looks like it's going to need replacing.
    'looks like'? How urgent? 'Replacing' immediately or within a few years? Based on what? Your visual inspection showed.... old tiles? Missing? how many? Etc
    Does it actually leak? Is the attic wet? Attic timbers? Felt?
    There's a bif difference between a roof that's not water-tight, in mutiple places for multiple reasons and a roof that looks old, covered in moss, with some missing /broken tiles/slates, perhaps contrasted with next door's which has been recently replaced.

  • Irishpearce26
    Irishpearce26 Posts: 885 Forumite
    500 Posts Name Dropper
    My advice to you as a FTB is to find a house that wont let you down and that you will be comfortable in for a few years. Statistically FTB stay in their first house for 3-4 years, so think about your return on investment.
  • RelievedSheff
    RelievedSheff Posts: 12,881 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    What makes the OP so sure that the roof needs replacing?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hbe9595 said:
    The only issue is the roof looks like it's going to need replacing. 
    How soon though? 
  • Sistergold
    Sistergold Posts: 2,150 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    First time buyer, using all savings for deposit and want to buy a house which needs new roof? Sounds like you will be buying into something way over your head. You don’t need that stress believe you me. Just find another house and enjoy your move. 
    Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
    Mortgage start date first week of July 2019,
    Mortgage term 23yrs(end of June 2042🙇🏽♀️), 
    Target is to pay it off in 10years(by 2030🥳). 
    MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
    £12K in 2021 #54 (in 2020 #148)
    MFiT-T6#27
    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • caprikid1
    caprikid1 Posts: 2,583 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The problem is in this situation.
    Buying a house for £200K with 10K deposit. New roof needed so negotiate 6K off the price.
    Now buying for £194K and needing a deposit of £9.4K
    Yes you have got the house price reduced buy you have only got £600 towards the roof repairs and you are still £5400 short. Unless of course you are buying with a bigger deposit. Also as has been mention it may not be mortgageable.
    For a first time buyer reducing the price does not magic up the money to do repairs.
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