New property v Old Property
- Thread starter candygirl
- Start date
On the other hand old houses may have more problems, be less well insulated etc. Are you a FTB or not? Will stamp duty on a second hand house be an issue? You would probably be better off narrowing your search down to some specific properties first before worrying generally about new versus old. There are good and bad examples of both new and old properties!
If you are already committed to buying a second hand house then doesn't that make your original query somewhat moot or at least academic?
The only reason im buying the house I live in is to make a quick investment the house is 15 min walk from Dublin city at sought after area,
Im not planning in staying in the house,The house I then buy is to live in for a long time so Want to make sure its a sound investment.
Weil just keep looking at both im sure weil find something we love.
Thanks
Im not planning in staying in the house,The house I then buy is to live in for a long time so Want to make sure its a sound investment.
Weil just keep looking at both im sure weil find something we love.
Thanks
Hi Candygirl,
Depends on how old the house is that you intend buying. When you go to renovate, you just don't know what you are going to come up against. I grew up in an old house as did my husband. Our first house we bought was an old house which we sold and built our own house. Personally and no disrespect to people with old houses but I wouldn't thank you for an old house now. Given the choice between old and new, I'd rather have a newly built highly insulated house.
Depends on how old the house is that you intend buying. When you go to renovate, you just don't know what you are going to come up against. I grew up in an old house as did my husband. Our first house we bought was an old house which we sold and built our own house. Personally and no disrespect to people with old houses but I wouldn't thank you for an old house now. Given the choice between old and new, I'd rather have a newly built highly insulated house.
Are you aware of the tax and other implications of buying a house as an investment as opposed to buying an owner occupied PPR?
I prefer old houses. Mine is over 100 years old and I love the character, thick walls, high ceilings, wooden shutters and old floor boards. I have a type of phobia about living in a new house where everything is laid out the exact same way as each of the other 200 houses in the development.
On the downside, the thick walls make it harder to heat initially (but it retains heat well), we'd to do a lot of work on the electrics and, if we wish to change any of the layout at a later date, it'll be a huge job (due to those thick walls).
On the downside, the thick walls make it harder to heat initially (but it retains heat well), we'd to do a lot of work on the electrics and, if we wish to change any of the layout at a later date, it'll be a huge job (due to those thick walls).
I would only buy an old house if it was comprehensively (re)insulated etc.Ah now candygirl, I wouldn't call a 10 year old house "old". The one I grew up in was 150 years old, the one I'm living in is 15 a bit of a diffrence. So in this instance I would say go for as you say "old" I'd call it relatively new house. Just make sure to get your survey's done and check for planning etc. Best of luck with your "old" 10 year old house.
Angela
Angela
E
ein
Guest
When you say an old house how many years old would you be talking about? I have heard people talking about second hand homes, that are only two years old and clasified them as old properties.
I prefer an old house that is renovated to a new house. Older houses generally have more character, larger rooms, higher ceilings, bigger gardens, much better build quality etc.
With a new home, a lot depends on whether the developer likes quality. Whereas there are some good developers around building houses that will be classics in years to come, the majority of houses built in recent years have poorer build quality to those built years ago. Many new houses are somewhat temporary in construction - structure designed to last maybe 80-100 years - whereas older houses are generally designed to last 100s. years. I dont like the trend in many new houses to use wooden external finishes. These will require a lot of maintenance in future years and will look shabby if not regularly attended to. I also dont like the trend to move away from solid concrete/brick internal party walls in semis and terraces. In spite of what the advertising may say about "modern sound insulation" - there is no substitute for having a thick solid wall between you and your neighbour.
With a new home, a lot depends on whether the developer likes quality. Whereas there are some good developers around building houses that will be classics in years to come, the majority of houses built in recent years have poorer build quality to those built years ago. Many new houses are somewhat temporary in construction - structure designed to last maybe 80-100 years - whereas older houses are generally designed to last 100s. years. I dont like the trend in many new houses to use wooden external finishes. These will require a lot of maintenance in future years and will look shabby if not regularly attended to. I also dont like the trend to move away from solid concrete/brick internal party walls in semis and terraces. In spite of what the advertising may say about "modern sound insulation" - there is no substitute for having a thick solid wall between you and your neighbour.
E
ein
Guest
We said I would totaly agree