Do bigger houses go up in value quicker?

silvercar

RelievedSheff said:

gazfocus said:

lookstraightahead said:

Location I think (and it's only think) tends to keep the value better. 

A road where everyone wants to live and it's snapped up, whether it's a telephone box or a mansion.

I would say new builds lose value like cars, but again I have no research to back this up.

obviously what's happening in the market makes a difference.

Biggrr houses take more heating/maintenance. 

I've always been against buying brand new cars and would never buy a brand new house for the reason you mentioned. They just lose too much value (in my opnion anyway) as soon as they are no longer 'new'.

New build houses are also shocking quality most of the time when compared to older houses.

We fully expected to lose money when we bought our new build. However 4 years on it is now worth circa 50% more than it was when we bought it in 2019. 

You are very lucky. My son bought in 2022, the seller had bought as a new build in 2019 and barely showed a profit.

Ditzy_Mitzy

In my manor there seems to be a clear positive correlation between value and size up to a certain point, but beyond that it's anyone's guess.  £600 grand will get you a classic executive detached four bed with a reasonable garden and a double garage. £700 grand will get you anything from an executive four bed with a nice garden to a farmhouse with outbuildings and four acres.  One man's meat is another man's poison at the top of the market.  For some, land is desirable and for others it is a headache.  The same goes for luxury ephemera such as swimming pools and games rooms; if it doesn't fit your lifestyle it either goes or becomes an unnecessary expense. 

Running costs, too, are a consideration.  Bigger houses require more maintenance, cleaning and heating.  Houses over a certain size really warrant a live-in housekeeper and caretaker.  Whilst your local done all right in the building trade type may be able to afford the house, he may not be able to cover costs of that sort.  That keeps prices down.  

lookstraightahead

I think if we're talking size we need to be talking about sq ft not how many bedrooms.

mi-key

lookstraightahead said:

I think if we're talking size we need to be talking about sq ft not how many bedrooms.

Why? if someone needs a 4 bedroom house then it doesnt matter how big a 3 bedroom one is if it doesn't have enough rooms? 

lookstraightahead

mi-key said:

lookstraightahead said:

I think if we're talking size we need to be talking about sq ft not how many bedrooms.

Why? if someone needs a 4 bedroom house then it doesnt matter how big a 3 bedroom one is if it doesn't have enough rooms? 

Because the op wanted to know about bigger.

a 5 bed house with less floor space than a 3 bed house doesnt make it bigger. It just means there are more stud walls. 

[Deleted User]

mi-key said:

lookstraightahead said:

I think if we're talking size we need to be talking about sq ft not how many bedrooms.

Why? if someone needs a 4 bedroom house then it doesnt matter how big a 3 bedroom one is if it doesn't have enough rooms? 

Problem is a lot of "4 bedroom" houses are really 3 bedroom and a cupboard or something. Saw a 2 "double bedroom" flat the other day that wouldn't fit a normal size double bed in either of them.

lookstraightahead

[Deleted User] said:

mi-key said:

lookstraightahead said:

I think if we're talking size we need to be talking about sq ft not how many bedrooms.

Why? if someone needs a 4 bedroom house then it doesnt matter how big a 3 bedroom one is if it doesn't have enough rooms? 

Problem is a lot of "4 bedroom" houses are really 3 bedroom and a cupboard or something. Saw a 2 "double bedroom" flat the other day that wouldn't fit a normal size double bed in either of them.

This is absolutely true. I'm unsure why people don't check floor plans.

YoungBlueEyes

I check floor plans before I look through the photos. It's alright saying this is a 3 bed semi, but I wanna see if it's decent dimensions. I'd sooner have a large-roomed 2 bed than a squidged in 3bed. And as for a 'double bedroom' that will take a double bed but you'd never fit another stick of furniture in with it...

silvercar

YoungBlueEyes said:

I check floor plans before I look through the photos. It's alright saying this is a 3 bed semi, but I wanna see if it's decent dimensions. I'd sooner have a large-roomed 2 bed than a squidged in 3bed. And as for a 'double bedroom' that will take a double bed but you'd never fit another stick of furniture in with it...

Some people would rather more bedrooms, particularly if they have young children. Better to have each in their own smaller room than share a larger room.

YoungBlueEyes

True @silvercar Good job there's something for everyone out there.