First-time Buyer Faces £7k Bill To repair-up 'bargain'

27 Nov 2018 03:41

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<p>GETTING the keys to your first dwelling is supposed to be a relief but for Emma Nairn it is simply the start of no less than &pound;7,000 price of renovation. Despite the fact that Emma paid for a survey before shopping for the property, the senior complaints officer from West Yorkshire nonetheless faces paying thousands to exchange an old boiler, broken toilet and a leaking water tank.</p>

<p>Consumers typically pay for a survey of the property before handing over the money to make it possible for it is in a good condition and to keep away from any unexpected repair prices after they transfer in. Surveys can price anything from &pound;200 to more than &pound;1,000, however the depth of knowledge you get from the report depends on how a lot you are willing pay. Emma, 32, paid &pound;280 for a HomeReport which alerted her to the previous boiler.</p>

<p>This gave her leverage to negotiate &pound;7,000 off the &pound;100,000 asking value. Ultimately, she paid &pound;93,000 for the three-bed mid-terrace house - &pound;10,000 lower than the typical value of a terrace house in Knottingley, in line with Zoopla. But as a result of the kind of survey she opted for didn't embody checking the attic, she did not uncover the leaking water tank till after she obtained the keys.</p>

<p>She was hit with one other shock when her utility firm advised her the boiler was so outdated that the producer not makes the elements. Which means when it breaks, she faces changing the whole thing which may end up costing her round &pound;2,000. Emma, who moved in in June this yr, has already sought skilled quotes for fixing the issues, and combined along with her personal estimations, she fears it can value her another &pound;7,000 to do up the house.</p>

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<p>She's assured that the house &quot;won't fall down&quot;, so for now she's donning the overalls and learning DIY so that she will do much of the work herself whereas she continues to save lots of for the repairs. Even though it has been a bumpy street to house ownership, Emma reckons the sacrifices are price it. She explains why in this week's My First Residence.</p>

<p>The place do you live and how a lot did you pay? I bought my three-mattress mid-terraced home in Knottingley, West Yorkshire, for &pound;93,000 in June this year, and now stay here on my own - with my shih tzu, Teddy. The place is fairly large - and I believe I’ve done fairly well by way of house for the amount I paid. Upstairs, there's a toilet, separate bathroom with shower and bath, and three bedrooms - two of that are double rooms.</p>

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