Price adjustment for smaller homes

Herzlos

What is it you're trying to achieve here? Is it justification to go back to the seller with a lower value?

You don't have enough data to go on and what you have largely isn't relevant. The cost per square m of any house tends to go down with size; making a house 23% bigger for 8.8% more money doesn't sound outlandish. 

Is the house you're looking at big enough for you? Are the rooms all usable? Do you need that extra space? Will you be upset if the seller refuses your gazundering attempt and either insists on the original price or relists?

jake_jones99

swingaloo said:

I don't think I have ever read a thread on the house buying forum where someone has been so analytical about the purchase of a home. 
Do you actually like the house, does it feel like home to you, will you actually enjoy living there? I paid almost 15.000 more for my house than the house directly across the road from me which is identical to mine and was sold 2 weeks before I bought mine.
Do I care? not a jot, there is a lovely willow tree in the garden and I love to sit under it with a book and coffee. Im in heaven. That's what house buying should be about, how you feel not percentages.

I sit back and wait now for the follow up thread when you eventually meet a partner and want to live together. It will be an eye opener I'm sure when you start work out what percentage they should be paying to ensure absolute fairness!

Ok so let's see, you paid 15k extra, not a huge difference. Would you pay 30k extra? 60k extra? That is, if you liked the house and you could afford it. Is there any limit? 

I'm not looking for exactness but a range. As simple as that 

jake_jones99

Herzlos said:

What is it you're trying to achieve here? Is it justification to go back to the seller with a lower value?

You don't have enough data to go on and what you have largely isn't relevant. The cost per square m of any house tends to go down with size; making a house 23% bigger for 8.8% more money doesn't sound outlandish. 

Is the house you're looking at big enough for you? Are the rooms all usable? Do you need that extra space? Will you be upset if the seller refuses your gazundering attempt and either insists on the original price or relists?

No. The situation is already resolved if you look at the last posts. 

silvercar

jake_jones99 said:

swingaloo said:

I don't think I have ever read a thread on the house buying forum where someone has been so analytical about the purchase of a home. 
Do you actually like the house, does it feel like home to you, will you actually enjoy living there? I paid almost 15.000 more for my house than the house directly across the road from me which is identical to mine and was sold 2 weeks before I bought mine.
Do I care? not a jot, there is a lovely willow tree in the garden and I love to sit under it with a book and coffee. Im in heaven. That's what house buying should be about, how you feel not percentages.

I sit back and wait now for the follow up thread when you eventually meet a partner and want to live together. It will be an eye opener I'm sure when you start work out what percentage they should be paying to ensure absolute fairness!

Ok so let's see, you paid 15k extra, not a huge difference. Would you pay 30k extra? 60k extra? That is, if you liked the house and you could afford it. Is there any limit? 

I'm not looking for exactness but a range. As simple as that 

I’d pay 10% more if it was a house I loved in a perfect location and there weren’t many of them around, I’d pay say 5% more if it was a house I loved and it was the only one on the market at the time and it suited me perfectly. But (a) I’m old, I’m now in my 4th property and been through buying and selling a few times, so more pragmatic than a younger person may be and (b) I’m on the outskirts of London, where history has shown me that wait long enough and the price of your home eventually rises, which will cover the supposed extra I’ve paid. 

Herzlos

jake_jones99 said:

Herzlos said:

What is it you're trying to achieve here? Is it justification to go back to the seller with a lower value?

You don't have enough data to go on and what you have largely isn't relevant. The cost per square m of any house tends to go down with size; making a house 23% bigger for 8.8% more money doesn't sound outlandish. 

Is the house you're looking at big enough for you? Are the rooms all usable? Do you need that extra space? Will you be upset if the seller refuses your gazundering attempt and either insists on the original price or relists?

No. The situation is already resolved if you look at the last posts. 

I've read the whole thing and don't see it. What was the resolution?

swingaloo

jake_jones99 said:

swingaloo said:

I don't think I have ever read a thread on the house buying forum where someone has been so analytical about the purchase of a home. 
Do you actually like the house, does it feel like home to you, will you actually enjoy living there? I paid almost 15.000 more for my house than the house directly across the road from me which is identical to mine and was sold 2 weeks before I bought mine.
Do I care? not a jot, there is a lovely willow tree in the garden and I love to sit under it with a book and coffee. Im in heaven. That's what house buying should be about, how you feel not percentages.

I sit back and wait now for the follow up thread when you eventually meet a partner and want to live together. It will be an eye opener I'm sure when you start work out what percentage they should be paying to ensure absolute fairness!

Ok so let's see, you paid 15k extra, not a huge difference. Would you pay 30k extra? 60k extra? That is, if you liked the house and you could afford it. Is there any limit? 

I'm not looking for exactness but a range. As simple as that 

Again you cannot keep throwing out percentages and hoping they make sense. 
I could have paid 15.000 more on a house which cost me 1.25 million. Equally I could have paid 15.000 more on a house which cost 80.000.

Obviously there is a limit to what any sane person would pay for a property but there are so many variables.
How much you like the house?
Will you enjoy living there?
Is it a forever home?
Is it a property you want to flip?
Is it something you are hoping will rapidly rise in value?

You should pay what you think the house is worth to you, not someone else.