Raskolnikov
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I've been viewing properties in Portadown (that's in N. Ireland by the way) for about a year now, mostly just for the sake of looking. I never really had any intention of buying until a town centre house really caught my eye. It's a two-bedroomed terraced house in the town centre. It's five minutes walk from the train station (which serves both Belfast and Dublin) and has a parking space. The only issue, is that it would be in extensive need of rennovation (widows and central heating need fitting, ceiling and roof also need work along with some electrical rewiring). I am assured however, that the house is sound structurally. I have a second viewing on the house this weekend and the girlfriends builder-uncle is going to accompany us to assess. From rough calculations, even with the cost of rennovation factored in, the property price seems remarkablely cheap. The only issue with the property, is that Orange Order parades pass the street next to it every Summer for several weekends.
Family are raring for me to snap the house up but I'm not so sure. Is it worth losing my Irish FTB status (I could work around this I suppose)? Could the rennovations be more than I can handle? Are there any unknown tax implications that I should know before buying in N. Ireland? Any advice would be great!
Family are raring for me to snap the house up but I'm not so sure. Is it worth losing my Irish FTB status (I could work around this I suppose)? Could the rennovations be more than I can handle? Are there any unknown tax implications that I should know before buying in N. Ireland? Any advice would be great!