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i'm having a bit of a "debate" with my partner about whether we should look for a doer upper or a done upper.
A doer upper is probably going to cost more than a done property. Gone are you days where you get value from doing the work. If anything you pay a tax for being able to do what you want but in all honesty, you'll most likely be buying a victorian terrace and there's not that much variety on what you can do with them, unless you're tied to a bespoke finish I'd be inclined to look for one that's done.
If you've got kids I definitely wouldn't live in a building site, I did it with a two and a one year old and it was hell.
Gewürzt-
Gone are you days where you get value from doing the work.
Yes, this does seem to be the case.
Places which are basically ruins are still going for maybe 70% of the price of a ready to move in place.
Worst value are the places which have been treated to trade's white emulsion, laminate flooring and a cheap kitchen from Wicks. These might be on for close to the price on a nicely done place, and highly likely that many of the major jobs won't have been undertaken, and the work that has been done will just need re-doing in a few years.
Arguably, best value are the places that have been someone's personal project and they have outgrown or decided to move to the 'burbs or whatever, where they have put in really nice quality fixtures and fittings, and done most or all of the big jobs. They will have sunk a lot of money in, of which only a relatively small portion is reflected in the sale price. Only real downsides here are that people have bad taste and pushing the budget or over budget on the larger size places we are looking at.
ChasnotRobert
yes, that kitchen would not work for me at all.
this is one of the reasons i'm having a bit of a "debate" with my partner about whether we should look for a doer upper or a done upper. I'm in the camp of "we can do it how we want it" whereas she is "i cba with all the hassle of getting work done and it'll take too long and cost too much".