House Viewing

[wolfeeh]

heh.

i lol.

95k around here would buy a palace.... and this is a GOOD neighbourhood.

saying that, we prolly gonna spend about oooh 5-6k just on new garage and drive etc, builders, all that crap... 3 car garage yey!

or 1 + big fucking drive, depends what moody my dad gets in

 

[Perplex]

I feel for you - in the middle of buying 3 houses at the moment (and I'm VERY fussy - no ex-authority or association, no authority areas, new or nearly new development, off street parking) etc.

It's a complete nightmare

And with regards to house prices - in this area (Ipswich) my mothers property which was purchased for the paultry sum of £72k 15 years ago is currently being sold for £390k. A tidy profit, and certainly helps towards the purchase of the 3 new houses.

In this area, to buy a nearly-new 2 bed home (under 5 years) will cost at least £110k. As Ken said, in this area £40k would make you the proud owner of a cardboard box, with a leasehold on some lovely real-estate below a wide selection of bridges

/*edit: screwy keyboard */

 

[Perplex]

Originally posted by Testin da Cable
just don't expect to get anywhere fast. please, only go for it when the house feels right [and then only after you've thought about it. twice.]

Impossible in the current market. I've been to see some fantastic houses recently on the very day they became available to buy - told them I would visit them later that afternoon for a second viewing, and in the 2 hours I was gone they'd already had several offers, and accepted one.

The way the property market is at the moment, you need to view VERY early, and be prepared to make a decision/offer on the spot

 

[Perplex]

Originally posted by PR.
My suggestion is to go live in a TravelInn til the housing market collapses, then you can go by Beckingham Palace for a couple of grand.

I reckon buying a house now is a real bad idea, negative equity or something. Thats not much help though if you got no where else to go :/

*bides time*

You obviously know nothing of the current property market. It's not going to crash or collapse, and the bubble certainly won't burst. The Bank of England are not stupid enough to repeat their mistakes of the early 1990s, and it's just been estimated by many leading authorities that house prices are set to rise another 25%

 

[Mellow-]

Originally posted by Damini
I don't think this is the property for me. The search goes on...

As someone else says "Location, Location, Location" is the key.

Oh and go for a house that's East facing. Apparently they're always worth more in the long run. (something to do with the sun being on the front of your house in the morning I think)

 

[Perplex]

Re: Re: House Viewing

Originally posted by old.Mellow

Oh and go for a house that's East facing. Apparently they're always worth more in the long run. (something to do with the sun being on the front of your house in the morning I think)

I think you'll find that's South facing. Being in the northern hemisphere, a house facing south means it will should recieve sunshine to the front regardless of whether the sun is in the east or west (dawn or dusk)

 

[Testin da Cable]

Originally posted by Perplex


Impossible in the current market. I've been to see some fantastic houses recently on the very day they became available to buy - told them I would visit them later that afternoon for a second viewing, and in the 2 hours I was gone they'd already had several offers, and accepted one.

The way the property market is at the moment, you need to view VERY early, and be prepared to make a decision/offer on the spot

I know heh. Holland has just been through a year or three of that kind of behaviour in the housing market despite the fact that prices had skyrocketed. Things are now starting to calm, but that may just be due to the slight depression we are going through atm. I'm looking to upgrade my livingspace by selling the apartment and going for a nice house of some kind in a year or so, but I feel some trepidation given the market state.

 

[Perplex]

Originally posted by Testin da Cable


I know heh. Holland has just been through a year or three of that kind of behaviour in the housing market despite the fact that prices had skyrocketed. Things are now starting to calm, but that may just be due to the slight depression we are going through atm. I'm looking to upgrade my livingspace by selling the apartment and going for a nice house of some kind in a year or so, but I feel some trepidation given the market state.

There are some amazing apartments for sale around here, some overlooking the marina and stuff. Really nice penthouse type stuff, but I refuse to pay for an appartment with a leasehold - to pay hundreds of thousands of pounds to only own the place for 99 years goes against all my sense and business acumen. I'd rather rent

 

[Testin da Cable]

I've got 99 on the apartment atm [well, 97 now heh]
Funny though, I've always rented but due to my job I can mortgage at cool rates so I do. Renting now would entail at least an 80% rise in costs and, thrifty bast that I am, I refuse to opt for that.

 

[Damini]

we're buying the house we already live in Put an offer in, and after some haggling, it all seems to be going through.

Yay!



And I've decided I want twindley sticks with fairylights in the hallway. I even bought Your Home magazine. A strange transformation is taking place. I suddenly want a pestle and mortar, and its not for grinding pot, but infact to add that sophisticated air to the urban kitchen. Lol!

Well, heres hoping for a smooth ride to home ownership.

 

[Summo]

Nice one, Miss D. You done got yerself a home!

So when's the house-warming party?






















(But I'm not coming if that bitch caLLous is there. )

 

[caLLous]

Tsk tsk, a typo and a smilie error eh, Summo? You don't deserve her!

/Edit/ - Gah, fast editing whore.

 

[Summo]

Bitch!






Not you, Dams! :uhoh:

 

[caLLous]

Right, I'm gonna go and get my hair cut... Will you be my stylist today Summo? Or will it be the other camp, girly fuck?

 

[gremlin]

Originally posted by Damini
I even bought Your Home magazine.

Run Kenneh, run!!

 

[stu]

n1. My sister's just bought a house, and had exactly the same problems Iz highlighted - houses are sold within 12 hours of going on the market. She's found herself a nice 2 bedroom house for £115k (I think), and that was considered very cheap.

I wonder if Kenny's realised yet that Ikea will be his second home for the next month or so...

 

[WPKenny]

It is indeed a scary time. And that's not JUST cos Damini's got a scrap book of all the things she wants to do to the house now it's ours. And it was only confirmed a couple of hours ago! EEP!!

But it's nice to know that we can do what the hell we like to the house and no one can take money off a deposit etc.

I can finally drill some holes in the walls with my uber drill bit. For no reason of course. I just like drilling holes in walls.

We need to fix the wooden flooring in the hall. It's been cut ever so slightly too big for the hall so it bends upwards in the middle. Which is a bit shit. So we need to get that sorted. I think double glazing is in order too. And an extract0r fan for the bathroom for when Damini does extra smelly shits. *whistles innocently*

We might see how desperately we need the garage and how much it adds to the value of the house. We've seen garages in a similar sort of location to our own go for 6.5k up to 11.5k. For a GARAGE!!!???

Ah well, I guess we'll see on that.

Anyway Damini's happy and she wandering round the house singing randomly apparently. Which is unusual for her. So all is good. I just need to actually decide which mortgage we'd like to take.

 

[Testin da Cable]

well done D&K

congrats!











so...that makes two weddings, a baby-shower and a housewarmingparteh everyone is invited to by my tally

 

[Wij]

Sounds like a film

I will obviously be played by Hugh Grant and TdC will be Andie MacDowell :/

 

[Wazzerphuk]

Congrats

 

[throdgrain]

Dont want to be the harbinger of doom or anything, but i wouldnt be suprised if house prices took a bit of a tumble in the next year or so. If only because they are utterly mad at the moment. My three bedroom terraced house is currently £130k .For an ex-council house ?? How are people supposed to afford that when they're 20-odd years old ?
But people have to live somewhere, so what will happen, wages keep going up ? I hope we all know where that will lead.
I was around in the late eighties and early nineties, i remember the mad house boom and estate agents saying " house prices fall ? Are you mad? ".
But they did, a lot of people (including me) lost their jobs and a lot of people had negative equity for bloody years. I just hope it dont happen again thats all

 

[Testin da Cable]

Originally posted by Wij
Sounds like a film

I will obviously be played by Hugh Grant and TdC will be Andie MacDowell :/

can't I be an supermodel-actress wannabe? I could be Heidi Klum you know I could *CENSORED* with my *CENSORED* and *CENSORED* in the shower......and you could watch

 

[Perplex]

Originally posted by throdgrain
Dont want to be the harbinger of doom or anything, but i wouldnt be suprised if house prices took a bit of a tumble in the next year or so. If only because they are utterly mad at the moment. My three bedroom terraced house is currently £130k .For an ex-council house ?? How are people supposed to afford that when they're 20-odd years old ?
But people have to live somewhere, so what will happen, wages keep going up ? I hope we all know where that will lead.
I was around in the late eighties and early nineties, i remember the mad house boom and estate agents saying " house prices fall ? Are you mad? ".
But they did, a lot of people (including me) lost their jobs and a lot of people had negative equity for bloody years. I just hope it dont happen again thats all

I'm in the middle of it all at the moment - it won't "tumble" - only slow down, which is why various leading authorities have estimated a 25% continuing rise over the next few years

 

[Perplex]

Congrats Dam & Ken Floorboards are pretty easy to change/fix by the way. We just changed all the floorboards changed in the lounge and it was piss easy

 

[Embattle]

^Too true....guess all youngsters will have to move North uke:

 

[kanonfodda]

Congrats to you Damini and WPKenny

All the best in your new 'Home'

 

[Wij]

House prices ain't low in the north you know !

 

[throdgrain]

Perp m8 just cos you're saying it wont dont actually mean it wont, more " I hope it wont ", if that makes any sense.
I have currently about £80k equity in my house now (sounds good dont it ? ), but im still not going to go and buy some mad house for loads of dosh. Bear in mind also that interest rates are super low atm, and even a small -and nescessary- hike in rates could set a lot of people back a couple of hundred quid a month, which is where it all starts .
God I am a harbinger of bloody doom today aint I ? Look , all Im trying to say is be carefull I suppose.

 

[xane]

My first house, incidently a downstairs maisonette, was bought for £68k, I put down a sizeable deposit and got a £62k mortgage, the property market bombed and I ended up at around £50-52k, that was peaking at £12k negative equity !

Fortunately I managed to find a good housing association who put a single mum in it and gave me a guarenteed rent, which covered the mortgage nicely, after five years I sold for £72k, not a great profit but recovered my negative equity - phew !

Also fortunately I found a mortgage company willing to give me a second mortgage to buy a new house with the girlie (now wife), that was £96k, we sold it five years later for £252k

The new property has rocketed in value and I am now in the envious position of having a mortgage of around 1/2 to 1/3 the value of the property leaving me loads of elbow room, I could safely settle up and buy a house outright away from London with the profit and eliminate my mortgage entirely, a far cry from my negative equity days.

Only problem is the current mortgage is assured by the endowment policies of the first and second houses, with the financial markets as they are I may well have to boost them up to make sure I am covered.

Property is a difficult game, mortages run for 20 years or so and there is absolutely no way of predicting what will happen. The fact is that mortgages are much better than rent in the long term, you do save money and quite often get some return on what you've paid out. You lose the "flexibility" of moving around though, however, I'd say that it is actually pretty easy to find tenants nowdays with the collapse of the old council housing system.

Good Luck and Congratulations !

 

[mank!]

Congrats, now if you need curtains come find me... commission rules!