Cheeky offer

TheJP

[Deleted User] said:

TheJP said:

zoemk12 said:

Morning

i can’t really comment on structural or major work until after tomorrow at least. We don’t know if it needs a new boiler, rewire etc. 

It needs new windows, has an avocado bathroom, the kitchen is half out and then rest needs to follow. It has the standard falling down lean to conservatory that needs to go. The garden is a mess and we wonder if the garage has asbestos. However, the rest is cosmetic, as you say strip the walls and reskim. We’d also make some internal layout changes- which I know is a choice thing. It also has an old 2 bar heater in the lounge so we’d need that come out. We’d render outside maybe. 

Can’t comment on internal doors, skirtings etc. 

At this stage we would not extend, although we’d replace the lean to with some sort of glass structure. We might eventually add a dormer to create a new master in the loft but not factoring in that with current view of price or costs of renovation. 

And no we don’t want Grey flooring and live, laugh, love signs but I tend not to look down my nose at petiole who do- it’s all personal choice! 

I think here is you need to be realistic as to what you take into consideration on what constitutes a reduction in price. The rotting windows and half missing kitchen yes but an avocado bathroom and a messy garden no.  Again the boiler may be old but if it works doesn't really mean you can reduce your offer because you want a new one. I've had people make 'cheeky' offers because the kitchen, bathroom etc wasn't to their liking, they were both functioning  and i didn't consider their offer and was weary of them as a serious buyer as i knew there may be more reductions if a survey was carried out.

I feel a lot of what you are looking a reduction for is cosmetic and wouldn't warrant a reduction and it sounds like you have a vision of a turn key house but want the seller to foot the majority of the bill for what you want.

Make sure you are clear on what things you are prepared to live with and update at your cost and what is non-negotiable if you do buy the house.

An old boiler absolutely is a reason to offer less. You wouldn't pay new price for a used car, because its useful life is going to be less. If the boiler is only a few years away from needing replacement, and less efficient than a modern one, then that definitely has to factor into the price.

Depending on the situation it could be a few thousand to get it sorted, plus all the disruption.

A boiler is one component of the house, its like saying the lightbulbs on the car that work fine are old so i want £50 off the price.

Houses and cars have differencing depreciating values, cars go down in value (unless its a classic) and house most certainly rise in value no matter the age.

Sarah1Mitty2

tooldle said:

Or, folks will make what they have last longer.
We’ve recently replaced and reconfigured our kitchen, for the cost of cabinets and materials. 

Sharing expertise and teaching others ‘how to’ benefits us all.

And it also benefits the planet?

[Deleted User]

lookstraightahead said:

[Deleted User] said:

lookstraightahead said:

[Deleted User] said:

lookstraightahead said:

[Deleted User] said:

TheJP said:

zoemk12 said:

Morning

i can’t really comment on structural or major work until after tomorrow at least. We don’t know if it needs a new boiler, rewire etc. 

It needs new windows, has an avocado bathroom, the kitchen is half out and then rest needs to follow. It has the standard falling down lean to conservatory that needs to go. The garden is a mess and we wonder if the garage has asbestos. However, the rest is cosmetic, as you say strip the walls and reskim. We’d also make some internal layout changes- which I know is a choice thing. It also has an old 2 bar heater in the lounge so we’d need that come out. We’d render outside maybe. 

Can’t comment on internal doors, skirtings etc. 

At this stage we would not extend, although we’d replace the lean to with some sort of glass structure. We might eventually add a dormer to create a new master in the loft but not factoring in that with current view of price or costs of renovation. 

And no we don’t want Grey flooring and live, laugh, love signs but I tend not to look down my nose at petiole who do- it’s all personal choice! 

I think here is you need to be realistic as to what you take into consideration on what constitutes a reduction in price. The rotting windows and half missing kitchen yes but an avocado bathroom and a messy garden no.  Again the boiler may be old but if it works doesn't really mean you can reduce your offer because you want a new one. I've had people make 'cheeky' offers because the kitchen, bathroom etc wasn't to their liking, they were both functioning  and i didn't consider their offer and was weary of them as a serious buyer as i knew there may be more reductions if a survey was carried out.

I feel a lot of what you are looking a reduction for is cosmetic and wouldn't warrant a reduction and it sounds like you have a vision of a turn key house but want the seller to foot the majority of the bill for what you want.

Make sure you are clear on what things you are prepared to live with and update at your cost and what is non-negotiable if you do buy the house.

An old boiler absolutely is a reason to offer less. You wouldn't pay new price for a used car, because its useful life is going to be less. If the boiler is only a few years away from needing replacement, and less efficient than a modern one, then that definitely has to factor into the price.

Depending on the situation it could be a few thousand to get it sorted, plus all the disruption.

I've got an old house with old everything. You don't pay less for an old house, you usually pay more. To be honest it's usually factored in. I can't reduce my offer based on old floor tiles. It's the original overall price I always negotiate on, based on it probably being overpriced in the first place.

This is just nonsense. An old house is worth more because it's bigger or something like that, not because it needs more money spending on it.

Nobody pays extra to get an old boiler. Nobody gets a boiler grade 2 listed. It's a cost, nothing more.

Absolutely not true. People pay loads for 'potential'. A boiler's age is well down the list. And a boiler can last ages with the right care. Mine is 18 years old now. 

I've seen it happen in a street of identical houses. The insides don't matter much at all. It's the potential that counts.

You are just agreeing with me. People pay more for old houses, they don't pay more for old boilers.

They don't pay less for old boilers, and they don't pay more for someone else's choice of kitchen 

I pay less for old boilers, because I am smart enough to think a few years ahead to that big bill coming down the road. These days I also have an eye on how easy it will be to retrofit a heat pump, because sales of gas ones are ending in 2025, less than 2 years away.

You would be mad not to factor in those costs when making an offer.

[Deleted User]

TheJP said:

[Deleted User] said:

TheJP said:

zoemk12 said:

Morning

i can’t really comment on structural or major work until after tomorrow at least. We don’t know if it needs a new boiler, rewire etc. 

It needs new windows, has an avocado bathroom, the kitchen is half out and then rest needs to follow. It has the standard falling down lean to conservatory that needs to go. The garden is a mess and we wonder if the garage has asbestos. However, the rest is cosmetic, as you say strip the walls and reskim. We’d also make some internal layout changes- which I know is a choice thing. It also has an old 2 bar heater in the lounge so we’d need that come out. We’d render outside maybe. 

Can’t comment on internal doors, skirtings etc. 

At this stage we would not extend, although we’d replace the lean to with some sort of glass structure. We might eventually add a dormer to create a new master in the loft but not factoring in that with current view of price or costs of renovation. 

And no we don’t want Grey flooring and live, laugh, love signs but I tend not to look down my nose at petiole who do- it’s all personal choice! 

I think here is you need to be realistic as to what you take into consideration on what constitutes a reduction in price. The rotting windows and half missing kitchen yes but an avocado bathroom and a messy garden no.  Again the boiler may be old but if it works doesn't really mean you can reduce your offer because you want a new one. I've had people make 'cheeky' offers because the kitchen, bathroom etc wasn't to their liking, they were both functioning  and i didn't consider their offer and was weary of them as a serious buyer as i knew there may be more reductions if a survey was carried out.

I feel a lot of what you are looking a reduction for is cosmetic and wouldn't warrant a reduction and it sounds like you have a vision of a turn key house but want the seller to foot the majority of the bill for what you want.

Make sure you are clear on what things you are prepared to live with and update at your cost and what is non-negotiable if you do buy the house.

An old boiler absolutely is a reason to offer less. You wouldn't pay new price for a used car, because its useful life is going to be less. If the boiler is only a few years away from needing replacement, and less efficient than a modern one, then that definitely has to factor into the price.

Depending on the situation it could be a few thousand to get it sorted, plus all the disruption.

A boiler is one component of the house, its like saying the lightbulbs on the car that work fine are old so i want £50 off the price.

Houses and cars have differencing depreciating values, cars go down in value (unless its a classic) and house most certainly rise in value no matter the age.

That's literally how car prices work. The older it is the less you pay, because you know the amount of maintenance work it will need is going to higher.

Houses are different, but for example the EPC is there to help you understand how much it will cost to run, and how much it is likely to cost to modernize it. A house with a low EPC and a similar one that has had a heat pump retrofitted, good insulation, double glazing, better EPC rating, are clearly going to be valued differently by most people.

mi-key

I pay less for old boilers, because I am smart enough to think a few years ahead to that big bill coming down the road. These days I also have an eye on how easy it will be to retrofit a heat pump, because sales of gas ones are ending in 2025, less than 2 years away.

You would be mad not to factor in those costs when making an offer.

2025 is for new builds, it is 2035 ( estimated ) for installing in older homes. Given a boiler can easily last 20 years then that would take you to 2055. Although given what has happened with electricity prices, who knows if it will all still go ahead...

tooldle

Plenty of time to deliver the hydrogen economy and resolve issues around storage etc. Many newer boilers are hydrogen ready.

tooldle

Sarah1Mitty2 said:

tooldle said:

Or, folks will make what they have last longer.
We’ve recently replaced and reconfigured our kitchen, for the cost of cabinets and materials. 

Sharing expertise and teaching others ‘how to’ benefits us all.

And it also benefits the planet?

Yes and no. 

[Deleted User]

mi-key said:

I pay less for old boilers, because I am smart enough to think a few years ahead to that big bill coming down the road. These days I also have an eye on how easy it will be to retrofit a heat pump, because sales of gas ones are ending in 2025, less than 2 years away.

You would be mad not to factor in those costs when making an offer.

2025 is for new builds, it is 2035 ( estimated ) for installing in older homes. Given a boiler can easily last 20 years then that would take you to 2055. Although given what has happened with electricity prices, who knows if it will all still go ahead...

I hope it goes ahead. We need to stop using gas. Your post just highlights the issue though. Boilers can last 20 years, 15 is probably more typical... But if you buy one that is 15 years old already, you should expect to be replacing it fairly soon, and have cash saved for that.

It's sad how many people apparently don't even think about big costs like are likely to face in the short to medium term.

With rising summer temperatures, air to air heat pumps are going to become necessary in some parts of the country. Especially with leasehold properties that's a big issue. British houses and flats are not usually designed to stay cool.

RelievedSheff

Definitely time this topic was closed to stop Crashy continually dredging it up again.

The OP is long gone.

lookstraightahead

[Deleted User] said:

mi-key said:

I pay less for old boilers, because I am smart enough to think a few years ahead to that big bill coming down the road. These days I also have an eye on how easy it will be to retrofit a heat pump, because sales of gas ones are ending in 2025, less than 2 years away.

You would be mad not to factor in those costs when making an offer.

2025 is for new builds, it is 2035 ( estimated ) for installing in older homes. Given a boiler can easily last 20 years then that would take you to 2055. Although given what has happened with electricity prices, who knows if it will all still go ahead...

I hope it goes ahead. We need to stop using gas. Your post just highlights the issue though. Boilers can last 20 years, 15 is probably more typical... But if you buy one that is 15 years old already, you should expect to be replacing it fairly soon, and have cash saved for that.

It's sad how many people apparently don't even think about big costs like are likely to face in the short to medium term.

With rising summer temperatures, air to air heat pumps are going to become necessary in some parts of the country. Especially with leasehold properties that's a big issue. British houses and flats are not usually designed to stay cool.

It's about when you make your offer. I never pay asking price for any house as I think they're all overpriced when they come to market. What I mean is that when I make my offer I know whether the boiler etc is old. I always have a structural survey (L3) and usually a SE as I like old houses. I don't, after the survey, offer less based on whether the boiler is old, as I already know it is (or isn't) and tbh if you look after then well they can last far longer than other 'new' items.

I've had much more trouble generally with newer items left in houses that don't stadnd the test if time. New houses full stop have all kinds of issues.