awec wrote: » There's a good chance that even with your new kitchen etc it won't be up to the same standard as a new build (depending on the new build, obviously). Anyway, it's not a laziness thing, more a practical thing. Second hand doer-uppers can very easily be a time and money sink, people think it'll cost x and take y months, and it ends up taking double of both. The only sensible way to renovate is to do it all at once. You always hear this "we'll move in, and do a room at a time". Bollocks. So while it's happening, they either have to live elsewhere or live in a ****hole that's being worked on, which is often not possible if they have a family. Then you have to pay for it, somehow.
JJJackal wrote: » so the average joe doing an average size refurb with no family trade connections or connections themselves will spend >60k (probably not done to the standard you can do it when doing it for yourself) Edit - Assuming you can get people to do it in a timely fashion
The Mulk wrote: » Yep, rewire, new heating system, warmboard throughout, new kitchen and new floors throughout. circa 20 k for a 4 bed detached (I'm an electrician and have a plumber and flooring contractor in the family) all labour by myself. Paying for it all would have set me back at least 3 times that
awec wrote: » Go back a few pages and read the thread, HTB would not work on second hand homes, it would just be stupid. Anyway, if a second hand house is in a condition where superficial work will bring it up to modern standards then it will be expensive. If it's in a condition where a lot of work is needed, it will be cheaper. As for this DIY stuff, many people think they can do things themselves but make a bollocks of it. Someone who has never painted a house before is probably not going to do a great job of it. A wooden floor laid by an amateur will be very obvious. Much of what needs done needs a professional if you want it done right.
Fol20 wrote: » He can do the rewire himself sinces hes an electrician. Depending on replumb, im sure he has contacts in the trade so 30k can go a decent way when you know the right people
bri007 wrote: » I thinks you addressed some interesting points. We are in the process (end stage) of our house purchase. The house needs a fair bit of work granted, but the location, size is second to none. New houses that would be near it were way out of our budget, the house we bought needs windows in the future, insulation, new doors and possibly electrical but we understand that and can lice in it currently the way it is. There’s light and heat, no leaks so we will survive and the location made it for us. We have a big driveway to the front and nice back garden. The newer houses didn’t have that, communal parking and tiny back garden and all houses on top of each other. It works for some, just felt paying the extra 80-100k on new build wasn’t worth it (we couldn’t afford it anyway) but even if we did we wouldn’t have considered it.
awec wrote: » Anyway, if a second hand house is in a condition where superficial work will bring it up to modern standards then it will be expensive. If it's in a condition where a lot of work is needed, it will be cheaper.
shenanagans wrote: » I've seen first hand over the last few years what 30k can do to an older property. Total transformation. New bathrooms, new Kitchen, flooring, etc. I'm now talking about houses that need total renovation, I meant 20-30 year old houses that need updating. In my area you could buy a second hand home for 80-100 k cheaper than buying a new home at the moment. I think people should consider buying second hand and doing the work. This need for perfection, walk in ready standard in non sense. If it was me I won't pay the overinflated price of a new build. And I don't have a trade. But I've painted my house inside and out and am not afraid of doing work if it saves me money. Anybody could gut a kitchen or bathroom and throw it all in a hired skip..... saving yourself a load of money paying someone else to do it. 30k does a great update job (I know) 80-100k would do major work. People just need to be willing to do it. Just my opinion. If I sold in the morning, I'd want a house with potential in a good area. I'd have no problem rolling up my sleeves. But I understand that not for everyone.
Zenify wrote: » A lot of second hand homes went sale agreed and have come back on the market after the prospective buyers realised the cost of renovations. 40k wouldn't turn an old damp house into modern living standards even if you're good at DIY.
shenanagans wrote: » Is the HTB incentive just leading to an increase in the price of new builds? Went to an open viewing recently of a new development (Galway City). Couldn't believe the asking prices. Thought the houses were 50-70k overpriced. The place was full of young couples. I wasn't impressed at all with the development but the houses were great with A rating. The development had no green area, very high density so little privacy and just felt very claustrophobic. I wonder why more young people aren't willing to look at older houses. I mean you'll do a lot of updating with 40k....new bathrooms/kitchen/insulating/doors etc particularly if you're able to do some of the work yourself (painting etc) And the older houses are often in more central areas with better green areas etc. You learn so much after you buy the first time, you realise the importance of privacy, space, aspect, sunlight etc. Having bought a few years ago (second hand), I would definitely buy an older house and do it up if it meant more green areas, more light, more privacy. An A rated house is great but it's definitely not the most important thing....you can always improve your BER rating with improvements. It's location and the potential of the house all the way for me. HTB should include second hand homes. It's crazy to exclude second hand homes ...only benefits developers.
awec wrote: » Good luck.
Paul_Mc1988 wrote: » Depends on who you know. As an electrician I have done many flavours throughout the years. Currently looking in South Dublin at the moment and am budgeting 30k all in for a good finish on a standard 3 bed kitchen and bathroom included. Rewire, replumb warmboard plaster paint etc.
Paul_Mc1988 wrote: » Yeah there is definatly a value in the time it took me to perform the jobs and only ever charged for materials but the majority of the time it was when work was slack. Wouldnt call it bartering as I never explicitly asked for a favour in return. It will just be expected. Could be told to feck off by a few but I'll cross that bridge when i come to it :P
Bluefoam wrote: So... Rather than pay money for the work, you are bartering? There is a value to that in time and a monetary value... Just because you can offset the cost through barter and DIY, does not make it economical for most people. But fair play to you. You are in a good position to get the property you want and the quality you want.
Paul_Mc1988 wrote: » Zenify wrote: A lot of second hand homes went sale agreed and have come back on the market after the prospective buyers realised the cost of renovations. 40k wouldn't turn an old damp house into modern living standards even if you're good at DIY. Depends on who you know. As an electrician I have done many flavours throughout the years. Currently looking in South Dublin at the moment and am budgeting 30k all in for a good finish on a standard 3 bed kitchen and bathroom included. Rewire, replumb warmboard plaster paint etc.
Zenify wrote: A lot of second hand homes went sale agreed and have come back on the market after the prospective buyers realised the cost of renovations. 40k wouldn't turn an old damp house into modern living standards even if you're good at DIY.
backspin. wrote: » Prices are dropping in my area. When i look at daft drop its significantly red v green.
Pussyhands wrote: » What are the name of the estates?
hmmm wrote: » Prices seem to be levelling off, so supply is meeting demand.
hmmm wrote: » If you're saying demand for cheaper houses, that's never going to happen unless we reduce the cost of building.
hmmm wrote: » Whether it's a REIT renting 100 apartments, or 100 buyers living in apartments, it's 100 units of supply.
Rex Disgusting Tariff wrote: » Lies, two developers I know are cancelling / postponing phase 2 and 3 of two sites unless it’s clarified that the HTB is being extended at the end of the year. You are making up so much stuff it’s hilarious.
alwald wrote: » Supply doesn't seem to be rising, it's in fact rising but it's nowhere close to the required supply over the next 10 years or so to meet the demand.
hmmm wrote: » Whether apartments are sold for rent or for purchase, they are extra supply. The REIT thing is just leftie distractions.
hmmm wrote: » Similarly the reason why the government has allowed the "homeless" exceed 10k, is because most voters know there aren't actual 10,000 people truly homeless. And most people don't want to live beside social housing.
hmmm wrote: » Supply seems to be rising and prices seem to be levelling off which can only be good news. The rental market is still in a mess, a lot of which is due to rules endorsed by leftwing parties.
alwald wrote: » Rents are high, house prices are high, block of apartments are sold to organisations that pay 0 taxes and homelessness exceeded 10K this year.
The_Conductor wrote: » It would make sense to at very least sit down and relook at the financial implications of proceeding- cognisant of 20k less in prices. However, prices have gone up far more than 20k in the last 24 months- so it doesn't really hold water- the asking prices 2 years ago- were less than the HTB fob in difference- if it made sense then- why not now? I get that construction inflation is accepted to be circa 5%- however, this doesn't mean that if they don't get this that their figures don't stack up. Any developer would be constantly looking at the bottom line and redoing their figures- they'd be nuts not to- I just don't see how 20k is going to make the difference between going ahead or not doing so- at today's prices though.
