Would you buy a new build home?
Discussion
andye30m3 said:
I happy buy a one off new build or something from a small developer on a small estate.
I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
As a matter of interest what is the issue with timber frame?I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
Also, would you have issues with modular construction?
blueg33 said:
andye30m3 said:
I happy buy a one off new build or something from a small developer on a small estate.
I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
As a matter of interest what is the issue with timber frame?I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
Also, would you have issues with modular construction?
Modular doesn't inspire me any more, The only modular building I've been involved with was a school building and trying to discuss issues with the standard details was like pulling teeth, clear cold bridges were met with comments like 'we always do that'. The system just didn't feel like it had been completely designed and some of the work arounds for things like subfloor ventilation didn't in my mind work as well as the traditional ways of doing things.
blueg33 said:
As a matter of interest what is the issue with timber frame?
Also, would you have issues with modular construction?
I think the number one issue with timber frame is the noise insulation - its just not as good. Although on new builds, if good glass goes in the windows, there is some mitigation here. Then you have the interior noise travelling. No getting away from it.Also, would you have issues with modular construction?
Despite that - we built our home 4 years ago and its timber frame. We had experienced timber frame before and I love the fact that you can put the heating on in the winter and 10 minutes later, the house is feeling warm. I think I measured it last year, something like 10 degrees to 20 degrees in 12 minutes or something silly like that.
The very nature of brick interior walls means they take longer to heat up, and cool down is slower. In the summer, especially that spell of really warm weather - once the sun set, it was relatively easy to cool the house back down to get it to at least a more pleasant temperature to get to sleep.
With our busy lifestyle, being able to regulate heat very easily is a big attraction, and timber frame is great for that.
Quite a list of pro's and con's for brick build, timber build. The 'noise' factor and the 'temperature' factors are the 2 biggest for me.
andye30m3 said:
blueg33 said:
andye30m3 said:
I happy buy a one off new build or something from a small developer on a small estate.
I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
As a matter of interest what is the issue with timber frame?I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
Also, would you have issues with modular construction?
Modular doesn't inspire me any more, The only modular building I've been involved with was a school building and trying to discuss issues with the standard details was like pulling teeth, clear cold bridges were met with comments like 'we always do that'. The system just didn't feel like it had been completely designed and some of the work arounds for things like subfloor ventilation didn't in my mind work as well as the traditional ways of doing things.
blueg33 said:
andye30m3 said:
blueg33 said:
andye30m3 said:
I happy buy a one off new build or something from a small developer on a small estate.
I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
As a matter of interest what is the issue with timber frame?I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
Also, would you have issues with modular construction?
Modular doesn't inspire me any more, The only modular building I've been involved with was a school building and trying to discuss issues with the standard details was like pulling teeth, clear cold bridges were met with comments like 'we always do that'. The system just didn't feel like it had been completely designed and some of the work arounds for things like subfloor ventilation didn't in my mind work as well as the traditional ways of doing things.
andye30m3 said:
blueg33 said:
andye30m3 said:
blueg33 said:
andye30m3 said:
I happy buy a one off new build or something from a small developer on a small estate.
I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
As a matter of interest what is the issue with timber frame?I wouldn't want to move to one of the big new build estates from one of the national developers. I tend to find their products are quite often quite expensive, lots of small rooms with little storage and the houses are all to often on very small plots which are too close to each other.
I'm not all that keen on timber framed houses and certainly not timber framed flats.
Also, would you have issues with modular construction?
Modular doesn't inspire me any more, The only modular building I've been involved with was a school building and trying to discuss issues with the standard details was like pulling teeth, clear cold bridges were met with comments like 'we always do that'. The system just didn't feel like it had been completely designed and some of the work arounds for things like subfloor ventilation didn't in my mind work as well as the traditional ways of doing things.
OP you might want to check on a couple of things
You mention 95% LTV - many mortgage lenders won’t lend at that for new build, 85% being more usual.
If you meant using Help to Buy with 5% cash, 20% equity loan and 75% first charge LTV, purchase price is limited to £200,000 in Scotland.
You mention 95% LTV - many mortgage lenders won’t lend at that for new build, 85% being more usual.
If you meant using Help to Buy with 5% cash, 20% equity loan and 75% first charge LTV, purchase price is limited to £200,000 in Scotland.
It's all about location though isn't it? Where do you want to be and is the estate an acceptable compromise.
You balance cost, location and the house itself to make your decision, how you weight them is up to you.
I compromised my immediate location (opposite three shops) and small back garden (don't actually need one) in favour of walking distance to quality local bars and restuarants + detatched house + open plan kitchen diner (my favourite arrangement) + big front room + off road parking for 4 cars + 100 yds to tram stop and night time access to party town.
For me this pack adds up to a win, but other people would want something different.
You balance cost, location and the house itself to make your decision, how you weight them is up to you.
I compromised my immediate location (opposite three shops) and small back garden (don't actually need one) in favour of walking distance to quality local bars and restuarants + detatched house + open plan kitchen diner (my favourite arrangement) + big front room + off road parking for 4 cars + 100 yds to tram stop and night time access to party town.
For me this pack adds up to a win, but other people would want something different.
Toaster Pilot said:
Also if you’re ever tempted by Persimmon have a look at the “Persimmons - Unhappy Customers” group on Facebook and you’ll be put off for life
Complainers always make more noise than satisfied customers , and Persimmon are the largest house builder by volume. What would interest me are their customer feedback ratings done by the independent firm who collect the data for housebuilders. We were always in the top 5% but that doesn’t mean that every new house was perfect.
Toaster Pilot said:
OP you might want to check on a couple of things
You mention 95% LTV - many mortgage lenders won’t lend at that for new build, 85% being more usual.
If you meant using Help to Buy with 5% cash, 20% equity loan and 75% first charge LTV, purchase price is limited to £200,000 in Scotland.
I have a mortgage promise for 95% and no mention of it not being applicable to a new build but worth checking, and it wouldn't be using an equity loan, but the H2B LISA. You mention 95% LTV - many mortgage lenders won’t lend at that for new build, 85% being more usual.
If you meant using Help to Buy with 5% cash, 20% equity loan and 75% first charge LTV, purchase price is limited to £200,000 in Scotland.
Integroo said:
I have a mortgage promise for 95% and no mention of it not being applicable to a new build but worth checking, and it wouldn't be using an equity loan, but the H2B LISA.
I’m in the process of buying a “new build” in England - small developer and a 1900s house that has been completely gutted and redone with just the original walls left rather than a “proper” estate type thing though.
Toaster Pilot said:
I’m in the process of buying a “new build” in England - small developer and a 1900s house that has been completely gutted and redone with just the original walls left rather than a “proper” estate type thing though.
Is it viable to buy the boring new build place, live in it for a bit (so you don't pay stamp duty as a buy-to-let), and then rent it out, using the rental income to pay the rent on a city centre flat for a few years, then move back into the new build when you're ready for that change in lifestyle.
Garemberg said:
i think you need to refine your ESPC search!
If you want new build and city centre, there's a few 300k studio flats and a luxury development just down from Haymarket where the apartments are 1m to 2m. That seems to be it! Obviously used is less expensive. (Though problem as noted above is 200k two bed selling for 230 or 240k).
There is a 2 bed maindoor 110 Sq M with Garden on Carlton Terrace at the moment @ 525k it will go for circa 620 - bonkers money but well below a Million.
The flats you mention in Haymarket are at Donaldsons - it's basically Hogwarts so will skew your figures, they are built by Cala however who have a good reputation for new builds.
I really suggest you speak with an established Edinburgh Solicitor - I can PM you mine if that helps
The flats you mention in Haymarket are at Donaldsons - it's basically Hogwarts so will skew your figures, they are built by Cala however who have a good reputation for new builds.
I really suggest you speak with an established Edinburgh Solicitor - I can PM you mine if that helps
Edited by Garemberg on Tuesday 21st August 19:09
Garemberg said:
There is a 2 bed maindoor 110 Sq M with Garden on Carlton Terrace at the moment @ 525k it will go for circa 620 - bonkers money but well below a Million.
The flats you mention in Haymarket are at the old School - it's basically Hogwarts so will skew your figures.
I really suggest you speak with an established Edinburgh Solicitor - I can PM you mine if that helps
Still much above what I can afford and crazy money ! The flats you mention in Haymarket are at the old School - it's basically Hogwarts so will skew your figures.
I really suggest you speak with an established Edinburgh Solicitor - I can PM you mine if that helps
Thanks for the offer, but I'm not likely to buy for a while yet.
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