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At some point I’ll have to sell my parents’ house and it will only sell to a developer. There’s too much wrong with it - not through neglect but it’s just not at all modern - that nobody will buy it to live in. After you’ve costed up what it will cost to modernise you might as well knock it down.
In the circumstance where it came to a developer / buyer like you describe it would go to the developer because I know it wouldn’t make it through a sale at the offer price if the offer was made by someone looking for a home.
Howard-
Saw a house exactly like this in Hastings at the weekend, same people in it for nearly 40 years. It clearly was a lovely family home at some point, but the work needing doing now would cost us more than the house is worth, which is probably why they aren't doing it either.
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Yeah. I know what you mean.
I don't think this place is that bad. Would be transformed by a decent size extension, but in terms of "need" it's just redecoration, then a kitchen and maybe bathroom.
It's near us so I probably got a bit more emotionally invested than normal. Plus I'd love it.
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Doesn't it depend on the local market and need at the time?
My dad's neighbour's place sold a couple of years ago - elderly bachelor whose parents had moved into the place when it was almost new in the mid-1930s, nothing had been maintained/updated for years (no central heating, original windows etc), bought by a young family to live in - they had to spend a bunch to fix it up before they could move in, but they definitely live there now.
mustardbeak
hugo7
hoefla
Makes sense. Probably overly cynical and making judgements about all developers based on the couple I know/dealt with.
Taking the builder round did make me think that that would negate a survey.
I guess our experience of buying was that the solicitors were so fucking painful that the survey seemed like the quickest part.
On a feely level it's a bit of shame as you know exactly what a developer is going to do, and with so little stock I doubt they'll find a place that ticks all these boxes.