House Part ex with builder House Part ex with builder
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    Default House Part ex with builder

    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
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    Not done a part ex so sorry - but I did swear I'd never buy a new build again - once was enough

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    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.
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    Quote Originally Posted by quackhandle View Post
    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.
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    I would only consider a new build if I bought a plot and had the place designed to my specifications.
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    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.

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    Quote Originally Posted by sasguru View Post
    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.
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    Quote Originally Posted by doodab View Post
    I would only consider a new build if I bought a plot and had the place designed to my specifications.
    Thats a self build
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    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.
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    Quote Originally Posted by Spacecadet View Post
    Thats a self build
    It would be new though
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

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