I just bought a house!

PoiNt54 · 27 May 2012 at 22:26

Chimney removed, stolen more like

Where is it, looks like Beighton??

10 years ago I had an offer accepted on a 3 bed mid-terrace for 30k (just off Bramall Ln).

Congratulations Jay794 now get skimming that ceiling.

Just noticed your parents live in Dronfield, that's where we live now!

kwerk · 28 May 2012 at 04:36

Looks like a solid buy to me, lots of potential.

Just needs some paint and flooring really for most of it, and light fixtures. Easy stuff. That alone makes a huge difference. Then the kitchen/bathroom is the most work, I would leave those to last.

Stripping wallpaper is an absolute MFer though. Looks like it could be that vinyl stuff you can simply peel off if your lucky.

daisycutter · 28 May 2012 at 07:00

ah i do love a project!!

looks good too me.

conb123 · 28 May 2012 at 16:08

Congrats on the new house man

Jay794 · 28 May 2012 at 17:06

Went to see the kitchen this morning (it's still being built)

The designer had a plan for us to look at, best part?

£800! lol closing up shop F T W!

Well its currently is £800 but we've asked for a few changes, so we can fit the fridge in and we hadn't decided on a work top.

Even so thats like what? another £200?

Bathroom is staying as is, except we're removing the carpet and adding a shower.

Plasterer is in this week pretty much doing the whole house, and skimming the artex

Now I just gotta get the Mrs to decide on a carpet

PoiNt54 said:
Chimney removed, stolen more like Where is it, looks like Beighton??

10 years ago I had an offer accepted on a 3 bed mid-terrace for 30k (just off Bramall Ln).

Congratulations Jay794 now get skimming that ceiling.

Just noticed your parents live in Dronfield, that's where we live now!

Yeah I'm currently living at home until the house is finished, what part of Dronny do you live in? and the house is in Chesterfield, near the hospital a little too close to the in-laws if I'm honestly, but then my parents are only 15 minutes away

physichull · 28 May 2012 at 17:11

I am envious of your postition. I am a first time buyer looking for a property right now, its quite exciting though. Got a second viewing on a place that we liked next week so things are starting to hot up.

Dark Kyon · 28 May 2012 at 17:14

Congratz! Looks like a house with miles of potential!

Jay794 · 3 Jun 2012 at 11:10

Girlfriend just finished ripping the kitchen out. My excuse for not doing it? I've been at work all weekend. New kitchen should be in soon! more pics to come!

Dr House · 3 Jun 2012 at 11:58

wow thats a huge garden, you could even put another house in it

spudbynight · 3 Jun 2012 at 12:53

mattmos said:
Congrats. Very jealous of how much house you can get for your money up north!

Jay794 · 3 Jun 2012 at 12:53

Benefit of an end terrace. We're going to add a garage and put a bedroom above it, eventually

Bes · 3 Jun 2012 at 13:21

Jay794 said:
Best part is, in a few years it will be worth way more than what I paid for it

Why?

Dr House · 3 Jun 2012 at 13:23

Bes said:
Why?

maybe he got a good deal because it needed work.

I got our place really cheap because the guy did not finish building it.

Jay794 · 3 Jun 2012 at 13:34

Bes said:
Why?

....because it cost me 95k? with the stuff we have planned e.g. a garage and 2 extra bedrooms, hardly going to make a loss am I?

Rizo-UK · 3 Jun 2012 at 13:35

Bes said:
Why?

Same reason i stand to make 50K if i know sold my house that i bought on the 27th march.

130k plus 10k on it, Kitchen, Bathroom, plastering, wiring, new boiler/plumbing.

Market value is now at 190k

We have builders, Electricians, plumbers and plasterers in out family business. WIN WIN.

Deleted member 77746 · 3 Jun 2012 at 13:57

Jay794 said:
Best part is, in a few years it will be worth way more than what I paid for it

If theres a buyer and if the prices don't drop, yeh. I know someone who said the same as you, did a lot of work and can't sell it as they are asking too much for people want to buy it for. They still live there because they can't shift it.

Jay794 · 3 Jun 2012 at 14:01

Yeah I know all that, but it's not like I'll be selling anytime soon, I plan on living there for a while, especially since I just got a new job in Sheffield, until my wage goes up I won't be going anywhere, the house is walking distance to my girlfriends place of work, and Sheffield is only about 25 minutes away

CaptainRAVE · 3 Jun 2012 at 18:18

Jay794 said:
....because it cost me 95k? with the stuff we have planned e.g. a garage and 2 extra bedrooms, hardly going to make a loss am I?

If only it was that simple tbh. At the very least you should make back everything you spend on it though.

The Halk · 3 Jun 2012 at 18:22

As a general rule of thumb I find that you only make back what you spend on a house... if the house needed it.

For example if you buy a house and the bathroom is perhaps a little tired, but clean, serviceable and certainly not grotty - then you will lose money by doing it up. Likewise, and more so for the kitchen, because appliances immediately depreciate. Gas central heating you get your money back on, double glazing too - although for both of those you lose money if you're replacing a serviceable installation.

CaptainRAVE · 3 Jun 2012 at 19:25

The Halk said:
As a general rule of thumb I find that you only make back what you spend on a house... if the house needed it.

For example if you buy a house and the bathroom is perhaps a little tired, but clean, serviceable and certainly not grotty - then you will lose money by doing it up. Likewise, and more so for the kitchen, because appliances immediately depreciate. Gas central heating you get your money back on, double glazing too - although for both of those you lose money if you're replacing a serviceable installation.

Hopefully, have just bought a house that needs gas central heating putting in

I just bought a house!

Wise Guy