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It’s crazy how many sellers of £500k+ properties appear to be doing so because they don’t like the idea of stumping up £5-10k of ‘real money’ to maintain their own asset.
Are there many doing this?
Most private blocks have reserve funds that if well managed will pay for works.
Ex LA stuff tends not to - for reasons that I don’t really understand. This causes problems.
Howard
@NickCJ
Major works really highlight the difference between what I would call ‘fake money’, ie accumulated house equity and mortgages and ‘real money’, ie savings from wage income.
It’s crazy how many sellers of £500k+ properties appear to be doing so because they don’t like the idea of stumping up £5-10k of ‘real money’ to maintain their own asset.