Great point! But I have to say that the determining factor is personal preference and financial circumstance. I have seen both negatives sides for both old properties and new build. New build although built with better building standard, it comes with snagging defects, delays in completing the build and living in a building site. In my experience, old building tend to have a lot more structural problems which costs a lot to repairing with the worst case being renovating the property. I would advice anyone. Do a thorough survey whether old or new to avoid any surprises. Legal Tip - if you encounter problems e .g. defects you can have a retention on the sales proceed ( hold a percentage of your monies typical up to 5%) until all issues are resolved provided this is discovered before completion.
Only found your videos today. Love the way you explain things and break them down. Would love to see a video on what is involved when selling a property that has been on an interest only mortgage. Well done👏🏾👏🏾👏🏾
Although new builds look lovely, I still prefer older properties- as they have more character. But Even if I did want a new build, I would never be able to afford one! 😲 Great tips at the end. 👍
I agree, I'm definitely an older build man as well. There's a 1930s build near me that I would love to buy, but it's just out of reach financially! Glad you liked the tips at the end ;)
Great tips about both sides. If I had to make a decision between a new build and an old house- and assuming they cost exactly the same (the new build would likely be smaller)- I'd probably go with a new build due to the aesthetics and no work at all required, even if I knew the older house made more financial sense in the long-term. This is a topic everyone has an opinion on! 😁
one more great video. Thank you. I have done some research and I was shocked to learn there are a lot of complaints out there about issues noted on NEW buildings such as leaks, fault isolation, low-quality product, cladding issues, pipes needed replacement and even communal street floods. Have you come across any news or articles about that? Any feedback? Also, any opinion about different Home development Groups available?
Thank you, Ana. New builds have a reputation for poor build quality, which is part of the reason there were calls to setup a New Homes Ombudsman - something we should hopefully see in the near future (I talk about it in this video - ua-cam.com/video/R4xcpulBEso/v-deo.html). A good idea might be to get a surveyor/snagger to check the building for you during construction (if you buy before it's finished being built) and before you contract exchange (after the build has finished). The cladding issue shouldn't be a problem with for homes built from 2019, or people buying now because lenders ask for an EWS1 form to satisfy themselves that the building is safe. It's mainly a problem for existing owners.
When I worked for a HA all newbuilds always had the worse problems so many shoddy things we even had a dedicated department to deal with all the issues. Ask any housing association person who works in development and ask if they would buy a new build over an old house, they would buy the house. The building warranty is useless. Always understand what the warranty covers on the lease as you'll be surprised.
Hi - good video. I just wanted to add that you forgot to mention that buying an ex right to buy property does come with ‘extra hidden costs’ for the prospective owner. Namely an increasing yearly service charge as well as very extortionate costs for any ‘major works’ which can run into thousands upon thousands of pounds which is a mandatory cost and is often way higher than an individual contribution should be. For example roofs, windows, doors, replacements of bathrooms to the block or estate. So please be aware as ‘major works’ appear to seemingly take place every other year.....meaning the discount you may have got with buying an ex council property is actually out numbered by the hidden costs of ongoing ‘major works’. Buyer beware!
I live in London and the service charges for less than 20-years-old buildings are out of control. We're talking £5 to £8K per year ( 1 bedroom flats ) in order to pay for the maintenance of a complicated comfort cooling system, crappy gyms & common areas. Add to that the extortion in order to cover the cost for waking watch ( most of these buildings are covered in ACM cladding ) and the idea of buying a flat suddenly becomes a bit of a chimera. Oh and the ground rent is now about £600-950 per year. I often see property listings where the actual property price is looks good, until you get to the service charge bits ( most agents don't reveal them within the listings, for obvious reasons...). Duh! 😞 Even new builds, like Hampton Tower in E14. £4K per year ( for 1 bedroom flat and it can only get worse... ) no access to the onsite gym or private cinema, poor men entrance... It's funny that on the brochure they keep mentioning "luxury living"... I am still confused about the "luxury" bit.
I've seen quite a few 250 year leases now, seems like the new Help To Buy flats are going with a 250 years lease and zero ground rent. I can't wait for leasehold to be abolished. It's ridiculous that you have a fork out a massive amount of money to be living in a glorified tenancy and worry about your lease dropping below a certain level, your flat becoming unmotgageble and having to make lease extensions. Only in the UK.
Don't pay over the odds for new builds. Do you research on what the property's worth before making an offer. A good tip is to see if there are any similar Shared Ownership homes being sold in the same development to see what the full market value is... I cover this in this video: ua-cam.com/video/kkfCOIj60IM/v-deo.html
@@SelfInvested oh over the odds - lol - makes sense and yes i think is already a fact that help to buy are 10-25% more expensive than buying outright and probably 35% more expensive than buying via shared ownership altho - whilst is cheaper to buy shared ownership - as you know there are more pitfalls....
12:30 I think you're completely wrong here. There is a formal and informal way to lease extension. If you go formal way lease extension of a new build one bed apartment in London is around 1% of the property value. For example for a flat value of £400K, 122 years unexpired, ground rent £250 lease extension = 5-6K. Try this calculator and play with the numbers: www.lease-advice.org/calculator/
So I had 81 years left on my lease and the ground rent was £250/year, and I extended using the statutory (formal) route. The calculator you linked to is overly simplified and so can be very inaccurate. For example, you enter your current ground rent, but it doesn't take into account how your ground rent increases overtime. The premium you pay if your ground rent starts at £250 and doubles every 10 years is going to be vastly more expensive, than what you would pay if your ground rent doubled every 30 years - but that calculator does consider this (mine doubled every 25 years and the lowest estimate I received from a RCIS qualified surveyor for the premium was higher than the figure given by that calculator). Also, the 5% I mentioned included fees, you have to pay for the freeholder's legal and surveyor fees as well as your own - the fees costs me around £5k in total. Trust me, Jotazet1. I'm talking from personal experience. I've even done a video on the statutory lease extension process: ua-cam.com/video/7V3aaQXJF6I/v-deo.html
@@SelfInvested In that respect you should also know that 81 years left on the lease does not apply to new build. You can start a lease extension after 2 years in case of the new bulid. I think that that the calculator is a very good estimate and there is no way the cost of formal lease extension after 2 years can amount to 5% of the property value
I may not have been clear in the point I was trying to make. Essentially, what I was saying is even if a new build came with a 999 year lease with no ground rent, it will probably still be cheaper to buy a pre-owned leasehold flat and extend the lease by 990 because a new build costs 25% more than a pre-owned flat and it only costs (in my experience) 5% of the property's value to extend lease. The conclusion is still the same if it costs 1% more or 5% more - what you're saying makes the point even stronger
@@SelfInvested I do not question that new builds are more expensive than the old ones :) I personally prefer new builds as they're built to match 21st century standards
@@Diamat1917 I definitely see the allure of new builds. Maybe if I was a bachelor, I'd be looking for my new build penthouse 😉 But I'm a family man now, so I like'em big and old!
@@SelfInvested No probs... I mean like a comparison between using HTB or getting a mortgage on an old build property in London. I know you've made a similar video to this but I would like to know more about the old build side of things. Thanks!
@@nicolagolding3281 Thank you, Nicola. Make sure you do your number crunching on the costs, and remember no matter what percentage you buy, you'll be responsible for 100% of service charge and any repair and maintenance works to the building your flats in. Find out what works the council have planned for your building over the next 5 years. Also, get professional surveyor advice on the condition of your flat and building it's in, solicitor advice on your lease (length, ground rent, other terms and restrictions, etc.) and mortgage advice on costs/affordability. And remember, buying a home is not the be all and end all, especially not at any cost and if the terms/conditions aren't great - which can be the case with shared ownership.
Firstly love the Africa picture on the background 👍🏾 secondly new builds I think are just for convenience. Couples who know nothing about property and investments, who both have a average income and want to use government schemes to buy a new build. It’s a government scam. People who are investment savvy look for older builds not only for character but also to build better equity. I’d personally rather buy an old build, renovate even if it takes a few years. You can play around more with old builds and make it your own. Plus the value will shoot up. New builds all look the same, no character but also issues with structure, pipes etc.
I rented a new build flat in London - I was the first ever tenant. Many neighbours were leaseholders who ended up being stuck with high service charges (for mediocre services) and a communal boiler system which would regularly break down, leaving the entire development without heating and hot water for weeks at a time. Being leaseholders they were also massively restricted on any work they could do to their properties. Not to mention all the people trapped in shared ownership schemes elsewhere with the cladding issue making it impossible to sell with sky-high waking watch and refurb costs...
I’m just on the back of buying a new build, and about to complete on a Victorian. My experience with new builds - poor quality building practices with many cut corners. The snagging period will encompass your life the first two years in an effort to find all the issues. Some things I had - roof leaks, poorly installed windows, loads of cracks, poor quality standard fittings, poor finish on tiles and plaster, badly designed, no storage. Money still needed to be spent on the new build as they still need curtains, light fittings, bathroom fittings etc. Depending on how badly designed, costs involved in rearranging stupid layouts that don’t work (kitchens and bathrooms). It was definitely cheaper in terms of running - heating was way cheaper but then summer costs were substantially higher due to cooling costs as it was like a sauna. Mine was a pretty decent size but the Victorian I am buying is nearly double the size for not much more - it needs work but has potential for improvement which have taken into consideration but think its future potential is much better. New builds tend to gain the most in the first two years after completing. Oh also, so many new builds are leasehold so be careful!
Hi Lemuel, thanks for making such great videos with detailed info. I have one question reg your comment about buying a property outright. Could you please make a video on how one can plan to buy a property outright..
I've heard so many horror stories about new builds (and they are so tiny). They look lovely though but good luck trying to get the builder to honour the guarantee if you have serious problems.
It is a serious problem. The government have announced that a New Homes Ombudsman will be created to address this issue. I talk about it in this video: ua-cam.com/video/R4xcpulBEso/v-deo.html Time will tell if it has the desired effect!
After getting the mortgage I would be broke... and having lived in a pre-owed property where it leaks all the time I see cracks all the time and the cracks just get bigger and bigger. I would welcome the stress free life of not worrying and having to fix all the time.
Yes that is true... that’s what I did before and 1.5 year in I had all these nice surprise. Although new builds have problems too. It would just be nice to know I could call someone. Instead of seeing always having to pay out myself.
Size is a big factor for me..I mean, this is my home and I spend so much of my time there..I rather have it spacious and feeling like a great big home. However...last thing I want are structural problems, redoing wiring and work. F***! Will a survey identify all of these problems before a purchase is made? I don't want the boiler to bust after purchase for instance
Haha! You can ask for the surveyor to comment on the condition and age of the wiring, plumbing and heating, as well as the building fabric (roof, walls, etc.). I’m not sure what’s included in the survey as standard, but I would just tell them what I want them to comment on in their report
@@SelfInvested true, what's annoying is the mechanism. Let's say you do find major problems after the survey..and you decide, can't go ahead with this. You still forked out some fees to get to this stage and ain't getting that back. We would never buy/bid on an eBay item without knowing the condition, wear and tear etc..Feels like it is something the sellers should do and feature alongside the listing
About the energy savings between new amd old bild I don't think your point it's far becouse everyone could improve the energy saving with new good windows and some good isolation. I am still at the beginning of the video 4.39 but did you even mention the cost the problem that new build could come with. The new bild homes are with extremely poor quality materials built
Developers can only provide homes for the Help to Buy scheme if they registered and approved for the scheme, so not all new builds are part of the scheme
honestly dont go for an ex council flat - at least not in london - it might be cheap but like others said - you might sleep with an eye open at night :)
Nice to look at, nice to behold. Dig a little and you'll soon find way too many new build buyer complaints about giants: Persimons, Bellway and the like that'll leave you cold. Poor, shoddy construction, no space inside, no proper gardens, box like and characterless. Who in their right minds would go for such places?
Just found your channel and have to say really enjoyed it. Would love to collaborate with you to talk about buying a property for my viewers. Drop me a message if it's something that interests you
Great point! But I have to say that the determining factor is personal preference and financial circumstance. I have seen both negatives sides for both old properties and new build. New build although built with better building standard, it comes with snagging defects, delays in completing the build and living in a building site. In my experience, old building tend to have a lot more structural problems which costs a lot to repairing with the worst case being renovating the property. I would advice anyone. Do a thorough survey whether old or new to avoid any surprises.
Legal Tip - if you encounter problems e .g. defects you can have a retention on the sales proceed ( hold a percentage of your monies typical up to 5%) until all issues are resolved provided this is discovered before completion.
Good point and great tips, thank you! Holding back 5% of the purchase price until problems are sorted will motivate the developer to fix!
Only found your videos today. Love the way you explain things and break them down. Would love to see a video on what is involved when selling a property that has been on an interest only mortgage. Well done👏🏾👏🏾👏🏾
I’m glad you liked it. Thank you for watching! I’ve added your suggestion to my list of video ideas!
Although new builds look lovely, I still prefer older properties- as they have more character.
But Even if I did want a new build, I would never be able to afford one! 😲
Great tips at the end. 👍
I agree, I'm definitely an older build man as well. There's a 1930s build near me that I would love to buy, but it's just out of reach financially! Glad you liked the tips at the end ;)
Thanks for your videos mate
I learnt a lotttt. My brain has been receiving so much information from house buyers tips. Thanks
Glad you found it useful lol! I’ve got quite a few videos on house buying tips. I hope you find them useful as well!
Great tips about both sides. If I had to make a decision between a new build and an old house- and assuming they cost exactly the same (the new build would likely be smaller)- I'd probably go with a new build due to the aesthetics and no work at all required, even if I knew the older house made more financial sense in the long-term. This is a topic everyone has an opinion on! 😁
Thanks Rachel 😉
Yes, it’s down to personal preference. Hopefully ppl find the tips useful whichever they go for!
Same
one more great video. Thank you.
I have done some research and I was shocked to learn there are a lot of complaints out there about issues noted on NEW buildings such as leaks, fault isolation, low-quality product, cladding issues, pipes needed replacement and even communal street floods. Have you come across any news or articles about that? Any feedback?
Also, any opinion about different Home development Groups available?
Thank you, Ana. New builds have a reputation for poor build quality, which is part of the reason there were calls to setup a New Homes Ombudsman - something we should hopefully see in the near future (I talk about it in this video - ua-cam.com/video/R4xcpulBEso/v-deo.html).
A good idea might be to get a surveyor/snagger to check the building for you during construction (if you buy before it's finished being built) and before you contract exchange (after the build has finished).
The cladding issue shouldn't be a problem with for homes built from 2019, or people buying now because lenders ask for an EWS1 form to satisfy themselves that the building is safe. It's mainly a problem for existing owners.
When I worked for a HA all newbuilds always had the worse problems so many shoddy things we even had a dedicated department to deal with all the issues. Ask any housing association person who works in development and ask if they would buy a new build over an old house, they would buy the house. The building warranty is useless. Always understand what the warranty covers on the lease as you'll be surprised.
Clear, concise, useful, I know who gets my subscription. keep up the great work
Haha! Thank you for the sub! Glad to hear you like the content 😉
Hi - good video. I just wanted to add that you forgot to mention that buying an ex right to buy property does come with ‘extra hidden costs’ for the prospective owner. Namely an increasing yearly service charge as well as very extortionate costs for any ‘major works’ which can run into thousands upon thousands of pounds which is a mandatory cost and is often way higher than an individual contribution should be. For example roofs, windows, doors, replacements of bathrooms to the block or estate. So please be aware as ‘major works’ appear to seemingly take place every other year.....meaning the discount you may have got with buying an ex council property is actually out numbered by the hidden costs of ongoing ‘major works’. Buyer beware!
This is a valid point for flats, but this shouldn't be an issue for ex council houses. Thank you for your contribution!
I live in London and the service charges for less than 20-years-old buildings are out of control. We're talking £5 to £8K per year ( 1 bedroom flats ) in order to pay for the maintenance of a complicated comfort cooling system, crappy gyms & common areas. Add to that the extortion in order to cover the cost for waking watch ( most of these buildings are covered in ACM cladding ) and the idea of buying a flat suddenly becomes a bit of a chimera. Oh and the ground rent is now about £600-950 per year.
I often see property listings where the actual property price is looks good, until you get to the service charge bits ( most agents don't reveal them within the listings, for obvious reasons...). Duh! 😞
Even new builds, like Hampton Tower in E14. £4K per year ( for 1 bedroom flat and it can only get worse... ) no access to the onsite gym or private cinema, poor men entrance... It's funny that on the brochure they keep mentioning "luxury living"... I am still confused about the "luxury" bit.
I hope people will see through the facade!
I've seen quite a few 250 year leases now, seems like the new Help To Buy flats are going with a 250 years lease and zero ground rent. I can't wait for leasehold to be abolished. It's ridiculous that you have a fork out a massive amount of money to be living in a glorified tenancy and worry about your lease dropping below a certain level, your flat becoming unmotgageble and having to make lease extensions. Only in the UK.
Yh, true. It’s actually only England and Wales. Scotland has already got rid of leasehold and replaced it with commonhold...
Very helpful and informative 👍
Thank you
Thank you for leaving a comment! I'm glad you found it useful :)
Please can u tell me what you said at @14:43 minute - third advice for help to buy - be careful not to pay for onions?!!!
Don't pay over the odds for new builds. Do you research on what the property's worth before making an offer. A good tip is to see if there are any similar Shared Ownership homes being sold in the same development to see what the full market value is... I cover this in this video: ua-cam.com/video/kkfCOIj60IM/v-deo.html
@@SelfInvested oh over the odds - lol - makes sense and yes i think is already a fact that help to buy are 10-25% more expensive than buying outright and probably 35% more expensive than buying via shared ownership altho - whilst is cheaper to buy shared ownership - as you know there are more pitfalls....
12:30
I think you're completely wrong here. There is a formal and informal way to lease extension. If you go formal way lease extension of a new build one bed apartment in London is around 1% of the property value. For example for a flat value of £400K, 122 years unexpired, ground rent £250 lease extension = 5-6K. Try this calculator and play with the numbers: www.lease-advice.org/calculator/
So I had 81 years left on my lease and the ground rent was £250/year, and I extended using the statutory (formal) route.
The calculator you linked to is overly simplified and so can be very inaccurate. For example, you enter your current ground rent, but it doesn't take into account how your ground rent increases overtime. The premium you pay if your ground rent starts at £250 and doubles every 10 years is going to be vastly more expensive, than what you would pay if your ground rent doubled every 30 years - but that calculator does consider this (mine doubled every 25 years and the lowest estimate I received from a RCIS qualified surveyor for the premium was higher than the figure given by that calculator).
Also, the 5% I mentioned included fees, you have to pay for the freeholder's legal and surveyor fees as well as your own - the fees costs me around £5k in total.
Trust me, Jotazet1. I'm talking from personal experience. I've even done a video on the statutory lease extension process: ua-cam.com/video/7V3aaQXJF6I/v-deo.html
@@SelfInvested In that respect you should also know that 81 years left on the lease does not apply to new build. You can start a lease extension after 2 years in case of the new bulid. I think that that the calculator is a very good estimate and there is no way the cost of formal lease extension after 2 years can amount to 5% of the property value
I may not have been clear in the point I was trying to make. Essentially, what I was saying is even if a new build came with a 999 year lease with no ground rent, it will probably still be cheaper to buy a pre-owned leasehold flat and extend the lease by 990 because a new build costs 25% more than a pre-owned flat and it only costs (in my experience) 5% of the property's value to extend lease. The conclusion is still the same if it costs 1% more or 5% more - what you're saying makes the point even stronger
@@SelfInvested I do not question that new builds are more expensive than the old ones :) I personally prefer new builds as they're built to match 21st century standards
@@Diamat1917 I definitely see the allure of new builds. Maybe if I was a bachelor, I'd be looking for my new build penthouse 😉 But I'm a family man now, so I like'em big and old!
Many thanks, mate. Very helpful and informative!
You’re welcome! I’m glad you liked this video, I enjoyed making it!
Very helpful, thanks!
You’re welcome. I’m glad you found it helpful!
Great video! Please make a video talking about how first time buyers can buy an old build/ ex-council apartment in London
Thank you, Mr 1000 ;) - when you say how to buy, do you mean how to find them?
@@SelfInvested No probs... I mean like a comparison between using HTB or getting a mortgage on an old build property in London. I know you've made a similar video to this but I would like to know more about the old build side of things. Thanks!
@@praveennair1 Ok, let me have a think and see what I can do!
Great info and on time as I am in the process of buying shares in my council flat. I am so worried if I a making the right decision
@@nicolagolding3281 Thank you, Nicola. Make sure you do your number crunching on the costs, and remember no matter what percentage you buy, you'll be responsible for 100% of service charge and any repair and maintenance works to the building your flats in. Find out what works the council have planned for your building over the next 5 years. Also, get professional surveyor advice on the condition of your flat and building it's in, solicitor advice on your lease (length, ground rent, other terms and restrictions, etc.) and mortgage advice on costs/affordability. And remember, buying a home is not the be all and end all, especially not at any cost and if the terms/conditions aren't great - which can be the case with shared ownership.
Firstly love the Africa picture on the background 👍🏾 secondly new builds I think are just for convenience. Couples who know nothing about property and investments, who both have a average income and want to use government schemes to buy a new build. It’s a government scam. People who are investment savvy look for older builds not only for character but also to build better equity. I’d personally rather buy an old build, renovate even if it takes a few years. You can play around more with old builds and make it your own. Plus the value will shoot up. New builds all look the same, no character but also issues with structure, pipes etc.
Thank you, Miss P🙏🏿 I'm right there with you ;) I would rather buy something that I could add value to!
I agree too.
And yes those govt schemes are an absolute disgrace!
I rented a new build flat in London - I was the first ever tenant. Many neighbours were leaseholders who ended up being stuck with high service charges (for mediocre services) and a communal boiler system which would regularly break down, leaving the entire development without heating and hot water for weeks at a time. Being leaseholders they were also massively restricted on any work they could do to their properties. Not to mention all the people trapped in shared ownership schemes elsewhere with the cladding issue making it impossible to sell with sky-high waking watch and refurb costs...
@@obento4293 Yeah, those problems are not uncommon!
Great video. Very helpful :)
Thank you! Glad you found it helpful!
I’m just on the back of buying a new build, and about to complete on a Victorian. My experience with new builds - poor quality building practices with many cut corners. The snagging period will encompass your life the first two years in an effort to find all the issues. Some things I had - roof leaks, poorly installed windows, loads of cracks, poor quality standard fittings, poor finish on tiles and plaster, badly designed, no storage. Money still needed to be spent on the new build as they still need curtains, light fittings, bathroom fittings etc. Depending on how badly designed, costs involved in rearranging stupid layouts that don’t work (kitchens and bathrooms). It was definitely cheaper in terms of running - heating was way cheaper but then summer costs were substantially higher due to cooling costs as it was like a sauna. Mine was a pretty decent size but the Victorian I am buying is nearly double the size for not much more - it needs work but has potential for improvement which have taken into consideration but think its future potential is much better. New builds tend to gain the most in the first two years after completing. Oh also, so many new builds are leasehold so be careful!
Good on you!! My preference would be older builds as well! I actually did a video comparing the two: ua-cam.com/video/okjtPNQHdG0/v-deo.html
Hi Lemuel, thanks for making such great videos with detailed info. I have one question reg your comment about buying a property outright. Could you please make a video on how one can plan to buy a property outright..
I'm glad you enjoy the videos. Thank you for leaving a comment and video suggestion. I will make a video on the home buying process.
I've heard so many horror stories about new builds (and they are so tiny). They look lovely though but good luck trying to get the builder to honour the guarantee if you have serious problems.
It is a serious problem. The government have announced that a New Homes Ombudsman will be created to address this issue. I talk about it in this video: ua-cam.com/video/R4xcpulBEso/v-deo.html
Time will tell if it has the desired effect!
After getting the mortgage I would be broke... and having lived in a pre-owed property where it leaks all the time I see cracks all the time and the cracks just get bigger and bigger. I would welcome the stress free life of not worrying and having to fix all the time.
I see your point, but you could look for a well maintained pre-owned property
Yes that is true... that’s what I did before and 1.5 year in I had all these nice surprise. Although new builds have problems too. It would just be nice to know I could call someone. Instead of seeing always having to pay out myself.
Size is a big factor for me..I mean, this is my home and I spend so much of my time there..I rather have it spacious and feeling like a great big home.
However...last thing I want are structural problems, redoing wiring and work. F***!
Will a survey identify all of these problems before a purchase is made? I don't want the boiler to bust after purchase for instance
Haha! You can ask for the surveyor to comment on the condition and age of the wiring, plumbing and heating, as well as the building fabric (roof, walls, etc.). I’m not sure what’s included in the survey as standard, but I would just tell them what I want them to comment on in their report
@@SelfInvested nice one, never knew we could enquire like that
You may need to pay more for a more detailed report but if it would be helpful, then why not?
@@SelfInvested true, what's annoying is the mechanism. Let's say you do find major problems after the survey..and you decide, can't go ahead with this. You still forked out some fees to get to this stage and ain't getting that back.
We would never buy/bid on an eBay item without knowing the condition, wear and tear etc..Feels like it is something the sellers should do and feature alongside the listing
You could always go back to the vendor and renegotiate the offer based on the conditions you’ve discovered- especially if there are serious issues
About the energy savings between new amd old bild I don't think your point it's far becouse everyone could improve the energy saving with new good windows and some good isolation. I am still at the beginning of the video 4.39 but did you even mention the cost the problem that new build could come with. The new bild homes are with extremely poor quality materials built
Hey Yoana! I think I cover this in the video later in the video and say that I'd still prefer to buy an older build because of space and quality...
Does a new build always come with the help to buy scheme?
Developers can only provide homes for the Help to Buy scheme if they registered and approved for the scheme, so not all new builds are part of the scheme
honestly dont go for an ex council flat - at least not in london - it might be cheap but like others said - you might sleep with an eye open at night :)
Depends on the area and the development. Not all are bad!
@@SelfInvested true there are some exceptions
Thanks so much
You're welcome as always 😉
Forget hand washing, Lemuel is keeping us safe with these videos!
Lol! Do keep washing your hands, though...
Hello, How can I contact you directly?
Hi Amy 👋🏿
You can email me or add me on IG.
lemuelstudios@gmail.com
@selfinvested_uk
Nice to look at, nice to behold. Dig a little and you'll soon find way too many new build buyer complaints about giants: Persimons, Bellway and the like that'll leave you cold.
Poor, shoddy construction, no space inside, no proper gardens, box like and characterless.
Who in their right minds would go for such places?
I’m right with you, brother, but people are attracted to shiny new things 😔
New build all the way, better location, move straight in, no renovation costs, 10 year guarantee, easy to sell
There are good arguments for both!
First one ☺️
Haha! Thanks for watching 😊 Let me know what you think of the video!
Just found your channel and have to say really enjoyed it. Would love to collaborate with you to talk about buying a property for my viewers. Drop me a message if it's something that interests you
Glad to enjoy the content! Please add me on IG so we can in touch
@@SelfInvested will do
What's your ig?
@SelfInvested_UK
*Second Here*
Awesome! I hope you enjoy 😉
Buy an ex council flat and hope you don't get mugged lol 😆 😂 🤣
You can find good ex-council properties in good areas