What are these worth?

First is in good nick, new carpets and some visual work on the wardrobes to make them look newer.

Second has the hallmarks of a badly maintained house, outdated appliances and heating pipes done the laziest way possible.

Both would need the bathrooms renovated. Neither would requires more then 20k to bring them up to a decent livable standard.

Given people can't see where you would need to spend 50k-100k on them I don't think you would agree on what people would consider. I don't know Rathfarnam myself but it seems in keeping with the prices in the area if anything a little cheaper.

To expect a 2nd house to have modern decoration and new heating systems is an unreasonable expectation IMHO

Theboinkmaster wrote: »

I don't expect any of those houses to be modern, im assuming once bought id put 50-100k into it.

Your choice but I don't see where you would be spending other than your own taste. One of them is certainly walk in condition just not very modern.

Would I pay €450K for a house that could have been bought two years ago for €290K? Probably not, as to me it points to something very wrong with the current market. However my opinion matters buggery all to the guy who will buy it for €450K.

this hits the nail on the head, the question then is though, do you keep on renting OR buy and compromise on the price you pay or compromise on the location / type / size of property...

my brother was watching this a few months ago, so I watched it with him. I believe this project all in cost 100,000. The prices being bandied about for doing up average sized houses is insane to be honest...

http://www.rte.ie/tv/roomtoimprove/s7ep2_gallery.html

MYOB wrote: »

I'd really like to be your chosen contractor. 100k is insanity money for something of this size.

I'm fairly complete on an extensive renovation of a 1970s 3 bed terrace and I've spent less than 10k with probably 5k max left to spend. Haven't used external labour except for things where its essential - I can't fit windows - but it wouldn't add up to that much.

Those houses are new enough that they should have PVC coated copper wiring and copper piping - you neither need to rewire or replumb unless you've got capacity issues.

Me too, spent <40k on my renovation. I did use external labour (I can't hammer a nail straight), and the place was a wreck when I bought it, like water pouring in from the roof century old wreck. These houses need prettying up and a bit of insulation, not €100k worth of renovation! I know labour is starting to get expensive again, but not that expensive.

OP for the first house you'd be looking at;

Upgrade of insulation (external insulation) (€8k - grant available)
Overhaul of boiler (grant available)
Knock a few internal walls (I.e the bathroom upstairs)
Fireplace replacement
Wardrobe replacement

Potential extension to the rear akin to next door?

Maybe €40k ballpark?

Second house:

Upgrade of insulation (external insulation) (€8k - grant available)
Overhaul of boiler (grant available)
Knock a few internal walls
Upgrade kitchen

So PPR says that a 4 bed semi on the same road went for 398 in December 2013. I think the asking is a wee bit optimistic and utterly unrealistic. Anyone know the square footage of the ballyroan road house?

I'd say 382K and for me, that's still nuts.

Both were in need of complete gutting - €100k at the very least, overheard many others say the same.

Why not say 80, 90 or 110 k though, is it because 100k is a nice round number? If you are prepared to do nothing yourself and get in a boom time builder, yes it could be that kind of money conceivably...

Idbatterim wrote: »

boinkmaster, is there a reason you are looking at primarily rathfarnham?

For those that say they will wait for the madness to calm down again, with this many showing for viewings, and there being very little up for sale, could someone tell me when they expect this to die down? At least during the boom, people saw apartments are far more viable than they do now, now people are all after the long term, semi d, 3-4 bed, good area family home...

I agree if people are going to wait it out, I think they should at least be prepared to do so for an extended period of time. I.e. not expect to be suddenly able to buy in 3-6 months time at prices much lower than today. In 2/3 years? Yeah, maybe, obviously depending on numerous factors. Make a decision now either way and stick with it! Don't get sucked in 3 months down the line at even higher prices (if that's the way things go - not saying they will).

I said it about 6 months ago - I don't see where the supply comes from.

I agree if people are going to wait it out, I think they should at least be prepared to do so for an extended period of time. I.e. not expect to be suddenly able to buy in 3-6 months time at prices much lower than today. In 2/3 years? Yeah, maybe, obviously depending on numerous factors. Make a decision now either way and stick with it! Don't get sucked in 3 months down the line at even higher prices (if that's the way things go - not saying they will).

I said it about 6 months ago - I don't see where the supply comes from.

Exactly, ok we know prices are up maybe 20% or below on the houses being discussed from the "bottom" how long before there is a potential fall in prices again "IF" things get out of hand again, 5/6 years? Even if they did, they would probably be down to about where they are now. It is unlikely they would collapse to the same extent again, given the insane sh*t storm that lead to collapse in the first place and the fact that even if the there is collusion here to force prices up and get the gravy train going again, Europe will have hawk eyes on us and now vetting our budgets etc, also its unlikely FF will be in again for quite some time. Price collapse of 50% etc again is nearly unthinkable, without another unimaginable sh*t storm at some point down the line. If I had the money to make a move now, I probably would, if I had it 2/3 years ago, I certainly would have.


I posted this in another thread a while back, titled "the madness has returned" it is a quote from the documentary, who's buying Ireland.

from the documentary "whos buying ireland" on rte earlier. neville isdell, former chairman and ceo of coca cola "the early adapters, the one's in the minority, have made a big mistake or they do very very well and in my view, its the minority who are normally right, because when the majority believe something, its already happened. he ended up buying the chq in the docklands.

http://www.politics.ie/forum/media/219054-whos-buying-ireland-rte-documentary-9-12-13-a.html

I completely agree - i was making the point to illustrate the apparent laziness of the EA.

obviously they reckon they are back to the point where they can get away with doing virtually nothing again, a sure someone will buy it... :rolleyes: I'm inserting a roll eyes, and unfortunately its a joke of a situation, but it's also true, someone will buy it.

Theboinkmaster wrote: »

Both were in need of complete guttting - €100k at the very least, overheard many others say the same.

You still won't spent 100k on a "complete gutting" - can you let know when you do buy so I can put in a bid for the renovation work?

chopper6 wrote: »

I'm looking to have two rooms knocked into one for a good price PM me!

I'd be sub-contracting the work :pac: