Buying a house (and renting)

Fed up talking videogames? Why?
User avatar
Drumstick
Member ♥
Joined in 2008
AKA: Vampbuster

PostRe: Buying a house (and renting)
by Drumstick » Thu Jun 17, 2021 8:24 pm

Sorry to hear that, GG. Hope you get something sorted soon.

Check out my YouTube channel!
One man should not have this much power in this game. Luckily I'm not an ordinary man.
Image Image Image
User avatar
Green Gecko
Treasurer
Joined in 2008

PostRe: Buying a house (and renting)
by Green Gecko » Thu Jun 17, 2021 10:56 pm

We're doubling down and looking at Brighton because the market rate here has reached £1250pcm we may as well jump to that area and benefit QOL wise. And my partner works there so no commuting cost.

My socioeconomic theory has actually proven correct. The better your environment, the better you chances of success. When we moved here she was paid badly and now she has a respectable job. I'm still a gremlin, but I have savings.

Hoping to share an outside workspace and make up the rent from use of that space and my cutting edge equipment. For a reasonable flat fee. I'd love to share my space with a painter or similar who can make whatever merchandise they want. I might even be able to trade space for their help on some jobs too. That's a creative solution.

Getting it and with savings wiped out after 12 months is up (but at least it's a fixed term not this rolling bullshit) is the challenge. Hopefully have something signed next week. Got a few places on the list.

Gotta go fast. :lol: We'll serve notice 30 days and screw the landlord out of rent. strawberry float them. That'll cost them over 3 grand.

"It should be common sense to just accept the message Nintendo are sending out through their actions."
_________________________________________

❤ btw GRcade costs money and depends on donations - please support one of the UK's oldest video gaming forums → HOW TO DONATE
User avatar
That's not a growth
Member
Joined in 2008

PostRe: Buying a house (and renting)
by That's not a growth » Fri Jun 18, 2021 10:24 am

That's not a growth wrote:
I've got my first viewing tomorrow :dread:


I quite liked it, but service charge and insurance was £170 a month which sounds high?

But lease is 900 years at least.

User avatar
Victor Mildew
Member
Joined in 2009

PostRe: Buying a house (and renting)
by Victor Mildew » Fri Jun 18, 2021 10:26 am

Green Gecko wrote:We're doubling down and looking at Brighton because the market rate here has reached £1250pcm we may as well jump to that area and benefit QOL wise. And my partner works there so no commuting cost.

My socioeconomic theory has actually proven correct. The better your environment, the better you chances of success. When we moved here she was paid badly and now she has a respectable job. I'm still a gremlin, but I have savings.

Hoping to share an outside workspace and make up the rent from use of that space and my cutting edge equipment. For a reasonable flat fee. I'd love to share my space with a painter or similar who can make whatever merchandise they want. I might even be able to trade space for their help on some jobs too. That's a creative solution.

Getting it and with savings wiped out after 12 months is up (but at least it's a fixed term not this rolling bullshit) is the challenge. Hopefully have something signed next week. Got a few places on the list.

Gotta go fast. :lol: We'll serve notice 30 days and screw the landlord out of rent. strawberry float them. That'll cost them over 3 grand.


That's a strawberry floating insane amount of money to be paying in rent :dread:

I know things aren't that simple, but is there no way you can use your equipment as some sort of collateral against a mortgage and buy somewhere?

Hexx wrote:Ad7 is older and balder than I thought.
User avatar
Grumpy David
Member
Joined in 2008
AKA: Cubeamania

PostRe: Buying a house (and renting)
by Grumpy David » Fri Jun 18, 2021 10:29 am

That's not a growth wrote:
That's not a growth wrote:
I've got my first viewing tomorrow :dread:


I quite liked it, but service charge and insurance was £170 a month which sounds high?

But lease is 900 years at least.


Sounds very expensive for outside of London!

I pay £135 per month in service charge. :dread: But that's not unusual in London although the yearly increases have been horrendous. In 2017 it was under £100!

I assume the building has an elevator? That tends to bump up the SC a lot.

User avatar
Moggy
"Special"
Joined in 2008
AKA: Moggy

PostRe: Buying a house (and renting)
by Moggy » Fri Jun 18, 2021 10:29 am

That's not a growth wrote:
That's not a growth wrote:
I've got my first viewing tomorrow :dread:


I quite liked it, but service charge and insurance was £170 a month which sounds high?

But lease is 900 years at least.


Mine (when the banana splits aren't adding weird things on) is around £270 a quarter.

But they do absolutely nothing. No cleaning of common areas etc.

I've no idea what service charges would be like in the area you are buying or what that service charge includes, so it's hard to judge. It seems high to me.

Is there ground rent as well?

User avatar
Qikz
#420BlazeIt ♥
Joined in 2011

PostRe: Buying a house (and renting)
by Qikz » Fri Jun 18, 2021 12:04 pm

Moggy wrote:
That's not a growth wrote:
That's not a growth wrote:
I've got my first viewing tomorrow :dread:


I quite liked it, but service charge and insurance was £170 a month which sounds high?

But lease is 900 years at least.


Mine (when the banana splits aren't adding weird things on) is around £270 a quarter.

But they do absolutely nothing. No cleaning of common areas etc.

I've no idea what service charges would be like in the area you are buying or what that service charge includes, so it's hard to judge. It seems high to me.

Is there ground rent as well?


I'm genuinely wondering what my service charges are for. I part own (40%) and Paradigm own the rest so my rent is higher due to the service charge, but they haven't cleaned the common areas or our windows in months.

The Watching Artist wrote:I feel so inept next to Qikz...
User avatar
Jenuall
Member
Joined in 2008
AKA: Jenuall
Location: 40 light-years outside of the Exeter nebula
Contact:

PostRe: Buying a house (and renting)
by Jenuall » Fri Jun 18, 2021 12:09 pm

We had a service charge in the last house we were at, it was a small enough amount (a couple of hundred quid for the year I think) but I still have no strawberry floating idea what it was for!

We asked for some details at one point and they sent a list through for all kinds of shite like "maintenance of communal areas, provision of intercom etc." ... uh, we live in a house not a flat mate! :fp:

User avatar
Rocsteady
Member
Joined in 2008

PostRe: Buying a house (and renting)
by Rocsteady » Fri Jun 18, 2021 12:46 pm

Those providers are absolute banana splits. Used to have a charge of over 100 quid p/m and they'd occasionally cut a 1x1m square of grass. strawberry floating thieving pricks.

Image
User avatar
That's not a growth
Member
Joined in 2008

PostRe: Buying a house (and renting)
by That's not a growth » Fri Jun 18, 2021 1:23 pm

Grumpy David wrote:Sounds very expensive for outside of London!

I pay £135 per month in service charge. :dread: But that's not unusual in London although the yearly increases have been horrendous. In 2017 it was under £100!

I assume the building has an elevator? That tends to bump up the SC a lot.


Damn, that is a huge increase.

And yeah, it has an elevator in the block. It's quite a big building, there's 3 different entrances and it's a converted mill.

Moggy wrote:Mine (when the banana splits aren't adding weird things on) is around £270 a quarter.

But they do absolutely nothing. No cleaning of common areas etc.

I've no idea what service charges would be like in the area you are buying or what that service charge includes, so it's hard to judge. It seems high to me.

Is there ground rent as well?


They say it includes building insurance and maintenance.

And ground rent at around £110 a year (my notes are away from me right now).

Damn, I quite liked it but I'm feeling this might be too much.

User avatar
OrangeRKN
Community Sec.
Joined in 2015
Location: Reading, UK
Contact:

PostRe: Buying a house (and renting)
by OrangeRKN » Fri Jun 18, 2021 1:35 pm

Qikz wrote:I'm genuinely wondering what my service charges are for.


It's simple - they are for taking your money and redistributing it to the capitalist class

Image
Image
orkn.uk - Top 5 Games of 2023 - SW-6533-2461-3235
User avatar
Moggy
"Special"
Joined in 2008
AKA: Moggy

PostRe: Buying a house (and renting)
by Moggy » Fri Jun 18, 2021 1:39 pm

That's not a growth wrote:[
They say it includes building insurance and maintenance.

And ground rent at around £110 a year (my notes are away from me right now).

Damn, I quite liked it but I'm feeling this might be too much.


£110 ground rent (is that fixed?) is fine.

Buildings insurance and maintenance is standard in service charges. I guess that lift is really bumping the costs up!

User avatar
That's not a growth
Member
Joined in 2008

PostRe: Buying a house (and renting)
by That's not a growth » Fri Jun 18, 2021 1:50 pm

Wait, are electric boilers a thing? It's got an immersion boiler, which would be gooseberry fool and expensive - and I though pretty much stopped being much of a thing 15 years ago.

I though, oh, I'd just looked how much it'd cost to replace, but there's nothing mentioned about electric boilers on Which, yet there seem to be some available on screwfix, like here which mentions it's suitable for baths and doesn't require a flue? Could that go in a flat?

User avatar
OrangeRKN
Community Sec.
Joined in 2015
Location: Reading, UK
Contact:

PostRe: Buying a house (and renting)
by OrangeRKN » Fri Jun 18, 2021 2:48 pm

An immersion boiler is an electric boiler, isn't it?

Gas is generally a lot cheaper than electric, that's why it is standard. You want a combi boiler really, unless you have some specific reason otherwise.

Image
Image
orkn.uk - Top 5 Games of 2023 - SW-6533-2461-3235
User avatar
That's not a growth
Member
Joined in 2008

PostRe: Buying a house (and renting)
by That's not a growth » Fri Jun 18, 2021 2:53 pm

My understand is an immersion boiler is like a kettle that keeps getting turned on to stay warm, even if you don't use it - it has a tank, and you keep the water warm, and if you run out then you have to wait for it to fill and heat again.

I would just want water that is heated as I use it.

User avatar
Dual
Member
Joined in 2008

PostRe: Buying a house (and renting)
by Dual » Fri Jun 18, 2021 2:55 pm

You want a combi boiler. Should be looking around £1500 to £1800 to strip out the old installation and putting in new.

If it's in a flat you might need permission as youll need to put a hole on external wall for a flue.

Last edited by Dual on Fri Jun 18, 2021 3:29 pm, edited 1 time in total.
User avatar
Victor Mildew
Member
Joined in 2009

PostRe: Buying a house (and renting)
by Victor Mildew » Fri Jun 18, 2021 3:08 pm

Image

Hexx wrote:Ad7 is older and balder than I thought.
User avatar
That's not a growth
Member
Joined in 2008

PostRe: Buying a house (and renting)
by That's not a growth » Fri Jun 18, 2021 3:32 pm

Dual wrote:You want a combi boiler. Should be looking around £1500 to £1800 to strip out the old installation and putting in new.


I thought a combi boiler uses gas? If so, that wouldn't be possible in an apartment.
Just saw your edit - there isn't a gas supply

User avatar
Moggy
"Special"
Joined in 2008
AKA: Moggy

PostRe: Buying a house (and renting)
by Moggy » Fri Jun 18, 2021 3:35 pm

The house I grew up in didn't have any gas supply, but there was a boiler in an airing cupboard.

But that's where my knowledge of heating ends.

User avatar
Tsunade
Member
Joined in 2018

PostRe: Buying a house (and renting)
by Tsunade » Fri Jun 18, 2021 3:42 pm

That's not a growth wrote:My understand is an immersion boiler is like a kettle that keeps getting turned on to stay warm, even if you don't use it - it has a tank, and you keep the water warm, and if you run out then you have to wait for it to fill and heat again.

I would just want water that is heated as I use it.


Yeah thats exactly it. I have one at mine (no gas in any of these buildings) and I just keep it on all the time. I have a water meter fitted too. Saves me tonnes of money.

Ludo is gooseberry fool!

Return to “Stuff”

Who is online

Users browsing this forum: ITSMILNER, kerr9000 and 544 guests