Discussion
We bought our first house at the height of the market in 2007. It was a build from redrow and its been absolutely fantastic.
Pretty flexible builders allowed us to do a few odd things such as install electric underfloor heating throughout the downstairs. The quality of the work they did do has been good.
Three years on and its just been valued for potential sale, and as rough guide it looks as though we should get around 10% more than we paid for it after fees. We negociated hard at the time and got the very minimum price we could rather than accept full asking price where the builder pays for things like stamp duty, carpets, white goods etc.
Now we are looking to upsize, we are based in an area of the south east where there is a fair amount of new building going on. And, having had a good look at 'normal' property, once again we find ourselves looking at the new builds as they seem to offer what we want, and my wife has found one she really likes.
This time though we are looking for four bed detached houses, rather than our current three bed semi. And there is a niggling feeling in the back of my mind that we are taking a risk with new build at this sort of budget.
Thoughts?
Pretty flexible builders allowed us to do a few odd things such as install electric underfloor heating throughout the downstairs. The quality of the work they did do has been good.
Three years on and its just been valued for potential sale, and as rough guide it looks as though we should get around 10% more than we paid for it after fees. We negociated hard at the time and got the very minimum price we could rather than accept full asking price where the builder pays for things like stamp duty, carpets, white goods etc.
Now we are looking to upsize, we are based in an area of the south east where there is a fair amount of new building going on. And, having had a good look at 'normal' property, once again we find ourselves looking at the new builds as they seem to offer what we want, and my wife has found one she really likes.
This time though we are looking for four bed detached houses, rather than our current three bed semi. And there is a niggling feeling in the back of my mind that we are taking a risk with new build at this sort of budget.
Thoughts?
Houses will be priced to sell as ever the market dictates. However builders will only be building what they expect to sell so supply = demand as near as dammit.
As ever with housing, if you are looking to live there in the medium term the movements in pricing is pretty much irrelevant, just push hard for deals.
As ever with housing, if you are looking to live there in the medium term the movements in pricing is pretty much irrelevant, just push hard for deals.
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