1970s house

mullinr2 · 12-01-2015 8:39am #1

A little bit of help needed here. We went sale agreed on a house way back at the start of November, so its nearly 11 weeks now. The house has been vacant so we thought we get a qiick sale. All of the planning docs were not sufficient for our solictor. That's being sorted out now.
The problem is we are worried we don't have enough money. We know it needs new windows, doors stirting and architrave and painting inside. We have 25 thousand to do this. It also needs new kitchen, bathroom and guttering done butwe could llive with what is there at the mo.
We are now considering in getting an electrician and plumber out to see if it needs rewiring and re plumbing. If it does require rewiring and plumbing, do we have grounds to renegotiate the sale agreed price?

DOCARCH · 12-01-2015 8:53am

mullinr2 wrote: »

If it does require rewiring and plumbing, do we have grounds to renegotiate the sale agreed price?

I'm afraid not! In buying houses, the principle of caveat emptor applies. You should have (tried) to establish what may have been required (and how much it may cost) prior to agreeing to purchase.

If you want to pull out now/if contrcats are not signed, have a chat with your solicitor.

sydthebeat · 12-01-2015 9:10am

"Pre purchase report"

Did you get one done?

mullinr2 · 12-01-2015 9:12am

No contracts signed so if they won't take a reduction in agreed price we will be walking away. We just don't have the reserve funds to do rewiring and plumbing.

tynka · 12-01-2015 9:25am

Hi we bought 1950 house year and a half ago. We had alot of things to do with it new windows, kitchen, bathroom, skirting, internal doors , stove, dry lined, plastered, some electrical stuff and plumbing. Wiring and plumbing was done already. There was new radiators and burner. Still have things to do but didnt have the money at the time. Just want to move because we were renting. Best thing to do is get some quotes for the work you need.

mullinr2 · 12-01-2015 10:54am

tynka wrote: »

Hi we bought 1950 house year and a half ago. We had alot of things to do with it new windows, kitchen, bathroom, skirting, internal doors , stove, dry lined, plastered, some electrical stuff and plumbing. Wiring and plumbing was done already. There was new radiators and burner. Still have things to do but didnt have the money at the time. Just want to move because we were renting. Best thing to do is get some quotes for the work you need.

I hope u don't mind me asking you, but how much did that roughly cost you.? Did you encounter any problems that required constituency funds? As I said we have 25000 euro to do windows floors doors striking and architrave. The ceilings need to be over boarded and plastered plus the radiators need to be moved from ground level to wall level and 5 radiators replaced. We couldn't afford the cost of rewiring.

tynka · 12-01-2015 9:47pm

mullinr2 wrote: »

I hope u don't mind me asking you, but how much did that roughly cost you.? Did you encounter any problems that required constituency funds? As I said we have 25000 euro to do windows floors doors striking and architrave. The ceilings need to be over boarded and plastered plus the radiators need to be moved from ground level to wall level and 5 radiators replaced. We couldn't afford the cost of rewiring.

Hi we spent around 37000 my father and brother are builders so got them to check the house before we bought it. Would be a good idea to spend the money to get a house survey. There are grants for insulation, boiler and heating upgrades, attic insulation check the seai websites

MouseTail · 12-01-2015 9:55pm

There is nothing to stop you attempting to gazunder. Its not a particularly nice thing to do, but it is not illegal.

mullinr2 · 13-01-2015 10:12am

MouseTail wrote: »

There is nothing to stop you attempting to gazunder. Its not a particularly nice thing to do, but it is not illegal.

Its not that we want to reduce our offer, if everything is ok that's no problem. If the survey comes back with problems then I think we have every right to reduce agreed price.

db · 13-01-2015 2:25pm

You have every right to reduce your offer but they have every right to refuse it. You can then either go with your original agreed price or pull out. There is no contract in place so neither of you is committed yet. Maybe you should have done some more research before making your original offer.

DOCARCH · 13-01-2015 2:41pm

db wrote: »

Maybe you should have done some more research before making your original offer.

Agreed. Unfortunately in this country it is up to the purchaser to identify any issues and not the vendor.

RORY O CONNOR · 13-01-2015 6:31pm

The whole point of getting a survey done is to find the problems in advance so there are no surprises. The vendor is not obliged to reduce the price and nowadays with so many looking to buy is unlikely to do so. Did your survey include the plumbing check and the electrics checked?

mullinr2 · 13-01-2015 7:59pm

RORY O CONNOR wrote: »

The whole point of getting a survey done is to find the problems in advance so there are no surprises. The vendor is not obliged to reduce the price and nowadays with so many looking to buy is unlikely to do so. Did your survey include the plumbing check and the electrics checked?

You only get your survey done on a house after you go sale agreed. Why would you waste money on a survey on a house your not sale agreed on.
We had a plumber out today and he managed to get the heating system working, so at least that is ok.
Has anyone had to redo ceilings before? I don't mean to completely take them down but to put new plaster board over the original and have them plastered over

chikatee · 27-01-2015 9:27pm

With regards to grants, sorry to go a little off point on this thread, but are all buyers eligible for grants to upgrade insulation etc of a house. We are first time buyers looking at an old house of BER rating E2

RORY O CONNOR · 27-01-2015 9:53pm

chikatee wrote: »

With regards to grants, sorry to go a little off point on this thread, but are all buyers eligible for grants to upgrade insulation etc of a house. We are first time buyers looking at an old house of BER rating E2

Look at SEAI website for grant information: http://www.seai.ie/Grants/

If you are trying to get a better energy rating the biggest single impact is the efficiency of the heating system . If you are E2 chances are your boiler is about 65% efficient. Next thing is the loft insulation. If you are insulating you need to look at the costs of doing vs the payback time in terms of how quickly will you get your money back in energy cost reduction.

Boiler and new controls and loft insulation payback time about 6 years
Wall insulation and double glazing about 12 years.

If you are terraced house you only have two heat loss walls to insulate, If you are semi detached you have 3 and if you are detached you have 4. Your floor too may be a suspended timber floor rather than a concrete floor.

1970s house

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