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quackhandle
22nd April 2013, 21:01
Am looking at part ex on the house, the other week I saw a new build dev from Taylor Wimpy, never thought about this before but can see a few major benefits but I'm sure there's a few pitfalls.

Anyone else done this?

qh

Troll
23rd April 2013, 09:03
Not done a part ex so sorry - but I did swear I'd never buy a new build again - once was enough

HTH

d000hg
23rd April 2013, 09:11
I know someone who did this and was happy, it's convenient if you can't be arsed finding a buyer but you will not get market value I'm sure. I've also heard stories the other day about the buyer suddenly dropping the price substantially on the day before moving out but that could be a few bad eggs - find others living on the estate/development who did this if you can and ask them.

sasguru
23rd April 2013, 09:16
Am looking at part ex on the house, the other week I saw a new build dev from Taylor Wimpy, never thought about this before but can see a few major benefits but I'm sure there's a few pitfalls.

Anyone else done this?

qh

Don't buy a new build ever.
It may look flash but the garden and room sizes will be tiny compared to a middle class house built earlier in the 20th century.

doodab
23rd April 2013, 09:17
I would only consider a new build if I bought a plot and had the place designed to my specifications.

lukemg
23rd April 2013, 09:58
Conventional wisdom says new-builds tend to be a bit overpriced (market will tell you if that's true later on) and also that you are likely to get less for yours (offset by huge convenience and removal of uncertainty).
Also - a lot of developments don't offer part-ex (cos they dont have to and they dont want your house) or only do it towards the end/to get things moving. That says the houses are unlikely to be top of everyones list a few years later when you want to get rid.
Lots of newbuild horror stories, snagging lists etc and I am in a 15yr old house so can see why, by no means solidly built.
BUT - I have lived in older houses too and they can be endless grief and maintenance and cost a fortune to run so it's not a one-way argument.
I see my house as a low maintenance machine for living in that has everything we need, just where we want to live - simples.

d000hg
23rd April 2013, 10:17
Don't buy a new build ever.
It may look flash but the garden and room sizes will be tiny compared to a middle class house built earlier in the 20th century.You're right about gardens but not all new-builds are shoddy paper-thin walled affairs. In some areas (i.e. the expensive areas) they build new houses people with money would want to buy. Here in Durham there are many conservation areas which also force the builders to apply some taste and not put up 30 identical houses in a row.

Gardens and big houses are generally a no-no if you live in a city-centre anyway, unless you're properly loaded - even in Durham you'd be looking at a million for a modest garden in a period property that lets you stroll into town for dinner.

Spacecadet
23rd April 2013, 10:17
I would only consider a new build if I bought a plot and had the place designed to my specifications.

Thats a self build :wink

Gibbon
23rd April 2013, 10:34
We did through TW 2.5 years ago, went fine. We chose the EA to do the quotes, they offered average of three. Best thing was the people buying yours have to wait until you're out, which was good as the build was delayed a few weeks. Only thing is they sting you for extras, like wall socket and aerial points for TVs etc.

doodab
23rd April 2013, 10:44
Thats a self build :wink

It would be new though :laugh

quackhandle
23rd April 2013, 11:46
Thanks for all your comments, has given me some food for thought. Mrs qh wants to move back to midlands as her dad is not well, and we need a 3 bed property but the house I'm in now was build in 1876 and have had lots of issues (and the walls are paper thin!) but my parents house was built in 2010 and it has been no different for them.

Pays yer money and all that.

Cheers

qh