How far will house prices fall [volume 4]
Discussion
Justayellowbadge said:
75k is a kitchen, and not a showstopper at that.
My kitchen will be a showstopper. I went for the best of everything I saw from a reputable local firm I've used before (albeit haggled a few prices, shopped around, friends with a few tradesmen for other bits & pieces). I didn't penny-pinch as I wanted what I wanted.It came to just over £15k for the main kitchen stuff including flooring & ceiling plus 2k for windows & doors, 1k for electrics including chasing and LED light panels. My classy & discriminating girlie friends are in awe of it.
£75k is taking the mick, even at London prices.
anonymous said:
[redacted]
Any built in coffee machine under 2k will merely spout undrinkable filth.If your fridge freezer is under 10k it may as well be 12v in a caravan for all the good it will do.
I have no idea how one can be expected tp do without a walk in wine chiller, but if you insist on what is basically a glass fronted fridge it better cost more than the fridge freezer.
If the ufh isn't app enabled you might as well leave the country.
hyphen said:
ClaphamGT3 said:
For every pound that goes into things that you can see (new kitchens & bathrooms/extensions/doors/windows) there is £2 going into things that you don't see. For example;
New skirting boards to match - and I mean exactly match - the originals
Everything that is painted stripped back to wood/metal/plaster, filled, prepped and repainted to look indistinguishable from when new
Any period moulding our plasterwork replicated
Plaster repairs and new walls with lathe and plaster to match original so you don't wind up with a sizeable period house that looks like a Barratt box
And so it goes on...
New lathe and plaster wall bit doesn't make sense to me.New skirting boards to match - and I mean exactly match - the originals
Everything that is painted stripped back to wood/metal/plaster, filled, prepped and repainted to look indistinguishable from when new
Any period moulding our plasterwork replicated
Plaster repairs and new walls with lathe and plaster to match original so you don't wind up with a sizeable period house that looks like a Barratt box
And so it goes on...
You can tell a plastered and painted wall's inner structure is not the same as another, just by looking at it? As I have l&p/brick and block walls in my house and I can't see a visible difference.
Edited by hyphen on Tuesday 24th October 16:05
Similarly, even slightly mis-matched timber mouldings drive me bonkers
I get much of these comments are done tongue in cheek and for reaction but there can be a massive difference in prices for seemingly the same work. It depends whether you have the time and patience to get involved yourself or if you're getting service.
In my (limited) experience, you pay way way over the odds to get good service in the world of home improvements. In my very humble experience recently, a £22-27k quote from a builder I'd used before, outside the area, was quoted by a professional builder, well regarded locally (at mates rates!) who simply didn't need the work as £75k + vat, + kitchen.
I'd have had to chase the first every day. The second would have just got it all done, perfectly.
You pays your money, and all that.
In my (limited) experience, you pay way way over the odds to get good service in the world of home improvements. In my very humble experience recently, a £22-27k quote from a builder I'd used before, outside the area, was quoted by a professional builder, well regarded locally (at mates rates!) who simply didn't need the work as £75k + vat, + kitchen.
I'd have had to chase the first every day. The second would have just got it all done, perfectly.
You pays your money, and all that.
Back to house price, Savills issued this recently on the county I live (Herts).
Very ,coal, houses are still going mental. This report suggests 11.7% in the last year, 48.9% up since the 2008 peak!
Of course, they have a massive interest in pumping up the market but anecdotally, there's still seems to be a appetite for increasingly pricey houses around Herts.
http://www.savills.co.uk/research_articles/141280/...
Very ,coal, houses are still going mental. This report suggests 11.7% in the last year, 48.9% up since the 2008 peak!
Of course, they have a massive interest in pumping up the market but anecdotally, there's still seems to be a appetite for increasingly pricey houses around Herts.
http://www.savills.co.uk/research_articles/141280/...
Justayellowbadge said:
anonymous said:
[redacted]
Any built in coffee machine under 2k will merely spout undrinkable filth.If your fridge freezer is under 10k it may as well be 12v in a caravan for all the good it will do.
I have no idea how one can be expected tp do without a walk in wine chiller, but if you insist on what is basically a glass fronted fridge it better cost more than the fridge freezer.
If the ufh isn't app enabled you might as well leave the country.
I remember being quoted £1600 for a pull out larder unit, went online brought the fittings for under £200 fitted myself...... But then I'm not a powerfully built, red bull drinking, company director.
Once house prices start to fall majority of these companies will go out of business, thing is if you brought a house for £120,000 in the 90s and it's now worth £600,000 it's easy to justify (& finance) spending £50k on a kitchen.
The interest and value of these threads is in the variety of views and experiences that they bring together. People gain points of views and perspectives that, otherwise, they might not come across.
Whether it is a professional developer doing a large multi-million pound development project, people engaging builders to undertake full refurbishments of reasonable sized houses or people self-delivering make-overs to their own home on a tight budget matters not.
What would be good would be if we could keep the NP&E-style sneering sarcasm out of what has, up until now, been quite a constructive thread.
Whether it is a professional developer doing a large multi-million pound development project, people engaging builders to undertake full refurbishments of reasonable sized houses or people self-delivering make-overs to their own home on a tight budget matters not.
What would be good would be if we could keep the NP&E-style sneering sarcasm out of what has, up until now, been quite a constructive thread.
ClaphamGT3 said:
The interest and value of these threads is in the variety of views and experiences that they bring together. People gain points of views and perspectives that, otherwise, they might not come across.
Whether it is a professional developer doing a large multi-million pound development project, people engaging builders to undertake full refurbishments of reasonable sized houses or people self-delivering make-overs to their own home on a tight budget matters not.
What would be good would be if we could keep the NP&E-style sneering sarcasm out of what has, up until now, been quite a constructive thread.
Agreed. there is value in this thread. Whether it is a professional developer doing a large multi-million pound development project, people engaging builders to undertake full refurbishments of reasonable sized houses or people self-delivering make-overs to their own home on a tight budget matters not.
What would be good would be if we could keep the NP&E-style sneering sarcasm out of what has, up until now, been quite a constructive thread.
Though the bragging tone of some of the numbers spouted some posts further up doesn't help. It sounds like the Made in Chelsea brigade vs the rest of the plebs.
My view is that the slow kicker for house prices is happening 2-fold.
- one is the sacrosanct regulation and taxation of BTL landlords which will have many amateurs pull out of the market and sell (though at the bottom and potentially not so much in London), pushing prices of your typical BTL house down and this will affect most of the market
- the other is that the consumer is tapped out. They can't get more debt than they have. Wages are low and won't rise and the economy is about to turn for the worse.
Pork said:
Back to house price, Savills issued this recently on the county I live (Herts).
Very ,coal, houses are still going mental. This report suggests 11.7% in the last year, 48.9% up since the 2008 peak!
Of course, they have a massive interest in pumping up the market but anecdotally, there's still seems to be a appetite for increasingly pricey houses around Herts.
http://www.savills.co.uk/research_articles/141280/...
48.9% would be barely holding your own against real world inflation wouldn't it? Very ,coal, houses are still going mental. This report suggests 11.7% in the last year, 48.9% up since the 2008 peak!
Of course, they have a massive interest in pumping up the market but anecdotally, there's still seems to be a appetite for increasingly pricey houses around Herts.
http://www.savills.co.uk/research_articles/141280/...
Thankyou4calling said:
48.9% would be barely holding your own against real world inflation wouldn't it?
Not sure if serious.Even if inflation was 3% every year (its not been), that would be about 30% over 9 years. A more realistic inflation average would be 1.5%, which is then about 15% over 9 years.
Justayellowbadge said:
Ari said:
RIP the Cringe thread. 
If that is aimed at me you may be missing my viewpoint on it.
king money I've got, anyone who spends less than six figures on a refurb is a pleb' willy waving competition. 
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