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Author How much would you spend/have you spent on your first house?
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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6th Jan 09 at 20:25   View Garage View User's Profile U2U Member Reply With Quote



Chertsy isnt even THAT nice.
Fad
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Registered: 1st Feb 01
Location: Dartford Kent Drives: 330cd
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6th Jan 09 at 21:15   View User's Profile U2U Member Reply With Quote

I wouldnt recomend buying a flat for a first home. What you save in price ends up comming back in the form of service charges and ground rent paid to the freeholder
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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6th Jan 09 at 22:38   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by dannymccann
Deano you lived in flats (not uni ones)? From my experience they are shite, you can hear everything around you, only 1 parking space etc, especially worse if its a mix of owned properties and rented ones, as the rented ones get abused, as do the neighbours

Never. There are some nice places around here. Ok, they're called 'apartments' and not flats. I'd be very picky all I mean is I'd be buying the smallest, cheapest property I could fine in order to limit costs in every area.

Fad - that is interesting to know

I even have the option of buying a complete dive as my dad would be able to rennovate and we could take time over it
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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6th Jan 09 at 22:39   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by dannymccann
Pow

Hereyou go

That, is brilliant!
dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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6th Jan 09 at 22:47   View User's Profile U2U Member Reply With Quote

Buy a dive of a house and renovate it to your own tastes, that way you know whats been done, whether its been done properly and also makes it that bit more unique when it comes to selling on, plus the experience of DIY will be invaluable! You are in a privileged position though if youve got the choice
Colin
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Registered: 4th Apr 02
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6th Jan 09 at 23:51   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by deano87
quote:
Originally posted by dannymccann
Pow

Hereyou go

That, is brilliant!


Id live on that, if you get sick of the view/chav neighbours/area going downhill you can just up ancher & float downstream a bit
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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7th Jan 09 at 08:31   View Garage View User's Profile U2U Member Reply With Quote

Come on peoples, back on topic
BigSte
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Registered: 27th Aug 02
Location: Sheffield
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7th Jan 09 at 08:58   View User's Profile U2U Member Reply With Quote

I bought my house in Sheffield for £87k in 2005. I'm a really sad bastard so know that I have spent exactly £20,669.68 on renovation so stands me at about £108k.

Need about another £1k to totally finish the house inside, and spending £2k very shortly on new fencing all the way round my back garden (£2k sounds a lot but my garden is 80ft long so that's a lot of fencing).

Total cost will be about £111k, houses in my area were going for around £130k 18 months back (maybe a bit higher), but at the minute I reckon I would only get £115-£120k for it.

End of the day I've got a totally renovated house, done to an excellent standard so don't really care what's it's worth as I'm not selling
Mad Moe
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Registered: 14th Jun 01
Location: Northumberland
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7th Jan 09 at 10:16   View User's Profile U2U Member Reply With Quote

I paid £48K for my first place about 6 years ago then bought my second place for about £95K two years later and kept the first one to rent out.

Sold them both about 18 months ago for £91K and £132K respectively and purchased my current property for £249K which was converted by my family's business so I know the workmanship is of a high standard and the finish is exactly what I wanted.

[Edited on 07-01-2009 by Mad Moe]
jamesw
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Registered: 28th Jun 02
Location: Station Town, County Durham
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7th Jan 09 at 10:33   View User's Profile U2U Member Reply With Quote

2 years ago paid about 65k - not sure on how much spent on it since in need of new kitchen then its finished

[Edited on 07-01-2009 by jamesw]
jungle
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Registered: 22nd Nov 07
Location: methilhill,fife
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7th Jan 09 at 12:36   View User's Profile U2U Member Reply With Quote

just baught a 2 bedroom'd semi with large garden need's updating majorly £57050.00 waiting on the key's and when i say updating i mean ....new kitchen,bathroom and a general overhall

pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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7th Jan 09 at 13:35   View Garage View User's Profile U2U Member Reply With Quote

Houses are so cheap up north
RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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7th Jan 09 at 14:19   View Garage View User's Profile U2U Member Reply With Quote

and we're less densely populated; the airs cleaner, we have Gravy and mushy peas on our chips, plus in the right industries the wages are better.

I earn more than my uni peers who stayed on the Southcoast - the industry seems to pay a premium to get people to move away from the south. You should move up north
pow
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Registered: 11th Sep 06
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7th Jan 09 at 14:59   View Garage View User's Profile U2U Member Reply With Quote

I would, but family, gf, my current college course etc etc.
RichR
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Registered: 17th Oct 01
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7th Jan 09 at 15:15   View Garage View User's Profile U2U Member Reply With Quote

bring them with you, we've got room!
VegasPhil
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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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7th Jan 09 at 15:56   View Garage View User's Profile U2U Member Reply With Quote

We have some cheap ones at the moment.

£125k for a 2 Bed Semi needs work. Now Sold.

£125k for a 2 Bed Detached Bungalow with 100ft garden and detached garage.

My favourite one i've found with another agent is a 4 year old 2 bed flat. En Suite to Master, Good condition, Repo. £120k. New price in 2004? £220,000.

See why the dumbass lenders are in trouble


Corsa 2.0 16v Vegas - Sold
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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7th Jan 09 at 15:57   View Garage View User's Profile U2U Member Reply With Quote

I'll take the 125k Bungalow please
VegasPhil
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Registered: 16th Jan 05
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7th Jan 09 at 15:58   View Garage View User's Profile U2U Member Reply With Quote

Sold this morning

Getting cheaper though. This time next year need to be buying!!


Corsa 2.0 16v Vegas - Sold
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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7th Jan 09 at 16:02   View Garage View User's Profile U2U Member Reply With Quote

I don't think I'll have a decent 10k deposit by then though

Time to get saving
VegasPhil
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Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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7th Jan 09 at 16:13   View Garage View User's Profile U2U Member Reply With Quote

Sell your motor to top it up


Corsa 2.0 16v Vegas - Sold
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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7th Jan 09 at 16:16   View Garage View User's Profile U2U Member Reply With Quote

Thats worth about 20p these days.
BYRON
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Registered: 1st Jun 04
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7th Jan 09 at 16:19   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by VegasPhil
We have some cheap ones at the moment.

£125k for a 2 Bed Semi needs work. Now Sold.

£125k for a 2 Bed Detached Bungalow with 100ft garden and detached garage.

My favourite one i've found with another agent is a 4 year old 2 bed flat. En Suite to Master, Good condition, Repo. £120k. New price in 2004? £220,000.

See why the dumbass lenders are in trouble


What agent you working for Phil?
Ben G
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Registered: 12th Jan 07
Location: Essex
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7th Jan 09 at 17:32   View User's Profile U2U Member Reply With Quote

i need to get rid of the focus and get saving as much as i love the car, theres a time in life when you just need your own independance and i can't get that living with my parents

good choice pow.
Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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7th Jan 09 at 18:24   View User's Profile U2U Member Reply With Quote

Screw independance Ben, you're 20 FFS
Ben G
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Registered: 12th Jan 07
Location: Essex
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7th Jan 09 at 18:39   View User's Profile U2U Member Reply With Quote

21 in 3 months mate, getting old + girlfriend is moving into my parents house in 2 weeks

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