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Author Buy a house or build one from scratch??
dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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8th Nov 07 at 09:49   View User's Profile U2U Member Reply With Quote

My parents are looking at ideas for their next house. They currently have one worth circa 175 - 200k and they have a few savings pots (not particularly a lot in them i dont think) and they have probly 20k to pay off the current mortgage.

They either want to buy another house (after selling this one) or build one from scratch. They are going to be getting quotes etc but I was just wondering, is it cheaper to buy a plot of land and then build from scratch or to just buy a house already built??? Assuming they would be looking to spend probly 250k max
BYRON
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Registered: 1st Jun 04
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8th Nov 07 at 10:17   View User's Profile U2U Member Reply With Quote

Im involved in a new build at the minute.
Im waiting for a few things to happen before I put my own thread up.
I know its not been cheap up to now, and the build hasnt even started.
Cosmo
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Registered: 29th Mar 01
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8th Nov 07 at 10:43   View User's Profile U2U Member Reply With Quote

Bulding from scratch will normally get you more for your money - and obviously it will be to exactly how you want it, but it is hard work and almost always problems along the way. Its also a case of finding decent building land available with permission for what you want, as its getting snapped up for silly money these days.
Colin
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Registered: 4th Apr 02
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8th Nov 07 at 17:32   View User's Profile U2U Member Reply With Quote

As above really, finding land you can build on will be the biggest problem. A modest size plot will sting you what.....80k at a guess.

Mortgage usually works in a way you get it paid in stages of completion, you need building control certificates to release funds to get the next bit done. That relys on good workmanship & contracters being on time. It will be quite a project!!

[Edited on 08-11-2007 by Colin]
neoquip
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Registered: 12th Aug 02
Location: Nottm
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8th Nov 07 at 18:25   View User's Profile U2U Member Reply With Quote

where are they looking at wanting to buy/build?
AndyKent
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Registered: 3rd Sep 05
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8th Nov 07 at 19:23   View User's Profile U2U Member Reply With Quote

If you are really interested, get onto a decent land agent with land WITHOUT planning permission on their books. Ask them advice on land which would be suitable and buy it that way. Land is pretty expensive once someone has done the work of getting planning.

You'd also be tied in to what has been permitted, rather than a house design you want.
Cosmo
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Registered: 29th Mar 01
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8th Nov 07 at 19:28   View User's Profile U2U Member Reply With Quote

Its a lot easier to buy land with permission for something and getting a design changed passed than getting land without permission and trying to go that way and running the risk of being stuck with land you cant do anything with and is basically worthless..

Anyone who is sitting on land and willing to sell without even trying to get permission on it is a looney!!
AndyKent
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Registered: 3rd Sep 05
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8th Nov 07 at 19:32   View User's Profile U2U Member Reply With Quote

It is easier, but you pay for it.

Plenty of non-permitted space available at our place. Some land owners haven't got the time or money to spend putting proper plans together so just sell without.

If you spend a little while looking for the right piece in the right area, its fairly straightforward to get permission TBH.
Cosmo
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Registered: 29th Mar 01
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8th Nov 07 at 19:33   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by aPk
its fairly straightforward to get permission TBH.


Your area must have nice planning people, as its next to impossible round here at the moment
AndyKent
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Registered: 3rd Sep 05
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8th Nov 07 at 19:35   View User's Profile U2U Member Reply With Quote

In town are you?

We're a little more rural, so perhaps thats why. I say straightforward, its only straightforward if you have done your homework first
Cosmo
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Registered: 29th Mar 01
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8th Nov 07 at 19:36   View User's Profile U2U Member Reply With Quote

West Lancs, and Chorley district are two we have had applications into for various things in the last 24months - both are mother fuckers
AndyKent
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Registered: 3rd Sep 05
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8th Nov 07 at 19:38   View User's Profile U2U Member Reply With Quote

We mostly deal with Bedford CC. Only real problems we have are with listed stuff. The woman who deals with most applications couldn't argue her way out a box, yet she tries her hardest and slows things right up
Cosmo
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Registered: 29th Mar 01
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8th Nov 07 at 19:44   View User's Profile U2U Member Reply With Quote

Well so far we've had....permission to connect an unused barn and deralict farm house that are about 5m apart rejected.
Permission to turn a secluded (overlooks nothing for miles) dormer house into two stories on the same footprint rejected.
Permission to knock down a tiny house on a very large plot and build on a former building footprint that was there originally rejected.
Permission to change a large house design that had permission already to another design rejected.

AndyKent
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Registered: 3rd Sep 05
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8th Nov 07 at 19:46   View User's Profile U2U Member Reply With Quote

Oh dear, not a good record. I'll remember not to use your company

Kidding, planners can be on really power trips
Cosmo
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Registered: 29th Mar 01
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8th Nov 07 at 19:47   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by aPk
Oh dear, not a good record. I'll remember not to use your company

Kidding, planners can be on really power trips


Not a company, these are personal ones the family are trying to do. Luckily havent purchased the properties before getting initial plans and planning sorted
a_j_mair
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Registered: 23rd Jan 04
Location: Scotland
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9th Nov 07 at 13:43   View User's Profile U2U Member Reply With Quote

as said biggest issue is getting a plot
other than that it really isnt that difficult
Cosmo
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Registered: 29th Mar 01
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9th Nov 07 at 13:45   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by a_j_mair
as said biggest issue is getting a plot
other than that it really isnt that difficult


and a good builder and architect
Greg_M
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Registered: 2nd Sep 03
Location: Grantham, Lincolnshire
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9th Nov 07 at 16:48   View User's Profile U2U Member Reply With Quote

as already covered, building is by far cheeper then buying.

probelm is finding land to build on. As anything thats worth anything is snapped up by developers.

Your best bet, depending on location might be to buy a run down state, and domish and build on.
paul.mitchell1984
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Registered: 31st Aug 06
Location: Wakefield
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13th Nov 07 at 17:32   View User's Profile U2U Member Reply With Quote

my uncle built his own house absolutel mint cost him 30k to build inc land as it was a private sale (deosnt include all furnishings etc, hes had it valuated in aug last year and it was 300k, put it up for sale and for some strange reason got no interest, could be to do with the fact all other houses in area are 150-200k lol still biggest profit to build your own (he did most work himself)
Cosmo
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Registered: 29th Mar 01
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14th Nov 07 at 10:36   View User's Profile U2U Member Reply With Quote

30k for build and land
BYRON
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Registered: 1st Jun 04
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14th Nov 07 at 11:48   View User's Profile U2U Member Reply With Quote

The land that was aquired by a family member recently was 280k at auction.
2 derelict 4 bed houses. Both are now flattended and the build starts in January for 4 houses.
dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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15th Nov 07 at 09:16   View User's Profile U2U Member Reply With Quote

some interesting posts thanks very much. they arent really keen on selling up anyway, just looking at what options are open
paul.mitchell1984
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Registered: 31st Aug 06
Location: Wakefield
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15th Nov 07 at 12:47   View User's Profile U2U Member Reply With Quote

cosmo he did ALL work himself so only cost materials and he got all them at trade price, the land was from somebody they knew and was just surplus to requirment so got it stupidly cheap.
Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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15th Nov 07 at 12:52   View User's Profile U2U Member Reply With Quote

not too bad if you can get it, still an amazing price even with cheap land and next to no labour charge
AndyKent
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Registered: 3rd Sep 05
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15th Nov 07 at 13:32   View User's Profile U2U Member Reply With Quote

Blimey, 30k all in is incredible! Quite surprised you could manage a decent build for a little as that these days!

 
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