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Dilemma - new vs old, expensive vs cheaper!

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Comments

  • Marvel1
    Marvel1 Posts: 7,548
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    Seen the parking around some new build estates and no thank you.
  • Sistergold
    Sistergold Posts: 2,163
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
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    edited 24 March 2022 at 6:53AM
    So much can go wrong with new builds and what comes to mind is all the threads where boundaries seem to be not what buyers thought. Then ofcause you have to keep your fingers  crossed that the build quality is good enough. Once you are confident of developers then new builds are good in that insulation is already in. I am one for old builds as I like the way they used to build back then. I hate plasterboard for inside walls as I like drilling and hanging onto a brick wall etc. 
    here is one
    https://forums.moneysavingexpert.com/discussion/6343592/new-build-garage-overhang/p4
    Initial mortgage bal £487.5k, current £238k, target £122k (quarter way!)
    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)
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    To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
    To save £100k in 60months start 01/01/2027
    Am a single mom of 4. 
    Do not wait to buy a property, Buy a property and wait. 🤓
  • Marvel1 said:
    Seen the parking around some new build estates and no thank you.
    This is a fair point, many developments simply don't have enough spaces for cars. We have a block of 6 flats opposite us, all two bedroom but one allocated parking space. One of the flats has two cars and a LWB work van which he feels is ok to park in a visitor spot most of the time.

    Parking is a problem in most places though to be fair. We are buying a 1960's house at the moment and although we have two off road spaces, the actual road itself is full of cars and vans. Its actually worse than our current new build estate. 
  • RelievedSheff
    RelievedSheff Posts: 13,171
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
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    Parking isn't just a new build estate issue. On the new build estate we are on now all of the houses have at least two off road parking spaces and almost all have a garage as well. Some people do park on the road but that doesn't really cause a problem. There is plenty of on road parking available.

    The previous house we were in was a 1930's semi and although we had two off road spaces and a garage there as well most of the houses on the street had no off road parking (the houses opposite with no parking were large 4 bed houses with lots of people living there) so on street parking was a nightmare and we were often blocked in or out of our driveway by inconsiderate parking. 
  • Merlin's_Beard
    Merlin's_Beard Posts: 1,842
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    Thanks for all of the advice everyone - lots of perspectives has really helped. I've reserved the new build as it ticks nearly all the boxes I want (all the must haves), and nothing else gets close.
    Start mortgage date: August 2022; Start mortgage amount: £240,999; Original mortgage free date: August 2056
    Current mortgage amount: £224,460.73
    Start student loan 2012: £29,750; current student loan: CLEARED July 2025
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