Owning your own home

I'd imagine 200/250 to do it justice.

It’s already set up as 3.

And the rest! High spec chi chi London fitout is about £300/sqft and that place is what, 2k sqft?

Yeah I thought that too. You'd be lucky to see change from 500k

And it will go for more than £750k too I'd imagine.

Big, big project.

imagine not needing to live in London - what you can get elsewhere is mental in comparison

https://www.rightmove.co.uk/property-for-sale/property-74908915.html

Blimey

Something doesn’t add up there; Edinburgh’s not that cheap!

on the other end of the scale i was looking at a fixer upper for £16k end of terrace 2up-2down notinlondon !

Things i am learning as a seller.
Do your EPC way in advance, adjust the property, redo the EPC and get a better rating. It's just a ticket for buyers to trash sellers, your score is low so heres a lo-ball offer and be grateful for that.
Had some funny lo-ball offers, even the agent asked the buyers why put in a silly offer you know will be rejected..... oh we had to start somewhere.
After a month of calm and nothing, a flurry of bids and pinging buyers against each other and we have hit the target price (not the list price) and agreed to sale.
The beauty is i am not in a rush to sell, and if all i was going to get now was lo-balls then it was a case of withdraw from market, address the EPC and bang the rating up, and re-market next year. Loads of interest but everyones trying to screw the sellers so a lot on the agents books that's been standing for up to a year.

16k? Freehold? Must be county Durham.

Naa, Allerdale district, Cumbria. Prices plummet once you go outside the lakes park area.

Fixer-upper in Diss:

https://www.rightmove.co.uk/property-for-sale/property-87039647.html

Wedding caketastic. That back garden could be smashing in a year.

carpets in a bathroom 🤮

imagine not needing to live in London

I don't need to, I choose to. At some point we may move out but I doubt it, when MiniGB becomes an adult we'll have the option to downsize.

For me quality of life is more about location than it is living in a nicer/perfect home. My flat is a mess, needs a rewire, new kitchen, new carpets and redecoration but that can all wait as we don't have the cash right now.

What the hell is that weird contraption in the kitchen?

@tbc it's a water pump.
Hard to tell if it's a very old house thats been done up, or a post war house thats trying to look older.

From the pump in the kitchen if it's that old a house it most likely had it's own well/spring and having a pump in the house is posher than dropping a bucket down a well shaft :)

yeah but living in london is always first prize lol. also - 1.5 mill will get you a pretty sweet pad with all mod cons outside zone 2 at which point it's 20-30 mins to L's F L.

scotchland. land of eggs >>>>

Sooo... hopelessly out of my depth and about to put an offer in on a place through sheer naivety...

It'll need serious love, on a pretty minor budget (given what cash I have). What order do I need to do these things in, and what can I expect to be able to do myself - beyond decorating? Any one got any experience or advice via DM or over a beer!?

• Rip out floors and ceilings, kitchen, bathroom and windows
  
• New windows
  
• Insulate everything (pending Surveyor)
  
• Move Boiler
  
• New floors and ceilings
  
• New Kitchen
  
• New Bathroom
  
• Decorate
  
  

And where do you start - Builder? Architect? Plumber? Just order a skip and tear it apart...?

• Build a Hovis style safety house 40ft from the actual house (in app. 15 years time)
  

Before you do any of that check whether it would make sense to do electrics at the same time rather than three years later... ask me how I know.

I suspect the answer is a slightly more costly version of how I learnt not to grease a seat post for a carbon frame...

Apart from the obvious checks like new fusebox, new fittings - how do you know if the electrics need to be updated?

how do you know if the electrics need to be updated?

Given the amount of work you think you need to do, they need to be updated.

that's a reasonable statement. the boiler is new, as is the fusebox - which is why i'm faintly optimistic... but perhaps better to just add it to the list

Bare in mind that in Edinburgh you pay above the home buying report value, which is more than the listed price on right move. That house would likely go for ~£1.9mil to 2mil in current market.

^ this.

In Scotland you usually always pay well over the listed price.

And that ~15% over home buyers report valuation is outside of mortgage. So you have to have the available cash