Tam n pups winter trip 2022

Northernraider said:
Yes to be honest the rental thing I'm not sure about. I'm looking at flats cheap enough that I could buy outright now and decide later if I was going to rent it or just keep it as my own little base.

This one for instance is £38k .. so not a lot of money. But does need full renovation. The floor is rotten and has wet rot and furniture beetle. The double glazing is about the only thing it doesn't need. But it's actually quite spacious and across from a park View attachment 827839View attachment 827840View attachment 827841View attachment 827842View attachment 827843View attachment 827844View attachment 827845View attachment 827846View attachment 827847View attachment 827848View attachment 827849

That leaking rear drain pipe has caused a lot of the floor issues in the bedroom


It has potential but there were 4 other viewers there at the same time and I'd want to pay close to the asking price not much more . Then spend maybe 20k renovating it.
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At least 200k if in Cheltenham lol😆
 
i wouldn’t buy anything that didn’t have parking for the van at least. It needs to do double duty really - an investment and a base, I think? You will feel more settled with a base, particularly if it’s not rented out.
 
Well your not going to buy anything before you go are you Tam so you’ll have your winter trip to think and decide what your going to do…

A lot can happen on your travels that may give you other ideas…🙂
 
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Stonemags76 said:
i wouldn’t buy anything that didn’t have parking for the van at least. It needs to do double duty really - an investment and a base, I think? You will feel more settled with a base, particularly if it’s not rented out.
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I don't want to spend the amount I'd need to spend to get something with somewhere to park a motorhome. I'd be looking at 100k upwards which would limit me how much travelling I could still do. I can put motorhome in a storage place if I needed to .

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Just smiffy said:
Well your not going to buy anything before you go are you Tam so you’ll have your winter to think and decide what your going to do…

A lot can happen on your travels that may give you other ideas…🙂
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Depends. If I could buy that flat around 40k then I'd buy that when mums house sold and I'd just do the work on it next year when I came back. I could buy it and just leave it empty till then
 
Good plan. If you could get it at that price it would be an investment and something to keep you occupied when you come home while you're deciding on future options.
We have to keep our van in storage., Would prefer to have it at home but can't. Luckily it's only 10 minutes from us and when John was ill they took it for it's mOT and did a couple of other things for us so it's been good overall. Also . We dont have to worry about it getting it nicked off our drive.
 
Have a home base to call your own, Tam. It can be your project when you come home and at such an incredibly cheap price and with your diy skills, you could make it a very comfy home. All the best for your decision making.
 
Just to Note .
what’s its EPC?
If it not a C then you can’t let it In the future.
Also in Scotland renting is not the same as in England.
I am very lucky as I am in charge of Maintenance, and not administrative.
 
Jays2 said:
Just to Note .
what’s its EPC?
If it not a C then you can’t let it In the future.
Also in Scotland renting is not the same as in England.
I am very lucky as I am in charge of Maintenance, and not administrative.
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It is a c

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Jays2 said:
(y)
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It's not too bad , the triple glazing isn't too old , 4 or 5 years I think. The combi boiler and radiators are about 8 years old. The gas fire I would remove completely. It's stone walls with no cavity wall insulation but it's mid terraced and ground floor so it has another flat either side and above so apart from the floor I'd imagine it was pretty good on heat etc.

Biggest issues are the external pipework leaking and the floor structure is rotten. Mainly at the rear. It's not huge but big enough for me . I don't think it would bring in much rent though I reckon that would only be £3-350 pcm . So if I had an agent taking fees from that it probably wouldn't be worth me renting it. But if I got it and sorted it for under £60k I'd just have it as my own base for the future
 
I can understand you're wanting to have a 'base' but you'll earn more in a bank account that you are likely to from a rental, by the time you've paid for the materials to do the work on it, and work for others to do what you can't/aren't allowed to do, it won't leave a lot for you ... then there's the fees for finding, referencing a tenant and hoping you get a good one. IMV it's simply not worth the hassle or worry as, no matter how good an agent is, the will still contact you to ask you what you want to do about stuff and often using their recommended repairers etc costs more than going direct as they add their 'cut' (arrangement fee) to the bill, although its often hidden as you don't usually get an invoice direct from the workman/woman.

Even if you want to buy it and not rent it out don't forget that you'd then be liable for paying the standing charges etc for services and council tax too, plus insurance for an unoccupied property which is around double what you'd pay for an occupied one. Also if there are any 'emergency' repairs that are needed whilst you're not there you'd have the hassle of sorting them out.

I think you've had enough to deal with so whilst it may seem like a good idea to get a 'base' I think at this point in time it'll cause you a lot more hassle than it's worth, so I'd advise just 'parking' that thought until you've had a break and time to think things over carefully and thoroughly.
 
Northernraider said:
This one for instance is £38k ..
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Flipping heck Tam when I saw that price I thought it was going the be down a dissused coal mine. :LOL:

For not much more you could buy this and only 10 miles from Newhaven port. :rofl:

Screenshot_2023-10-26-20-48-12-87_40deb401b9ffe8e1df2f1cc5ba480b12.jpg
 
Lenny HB said:
Flipping heck Tam when I saw that price I thought it was going the be down a dissused coal mine. :LOL:

For not much more you could buy this and only 10 miles from Newhaven port. :rofl:

View attachment 827954
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Dont think its high enough 😂 😂

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cyberyacht said:
Above sea level or the garage roof? 80 odd metres above sea level should cope with a few ice caps melting.
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Garage roof, Moby aint gonna fit in there and if he did there won't be much solar unless there are holes in the roof!
 
You could buy it and as you said just leave it empty and work on it next year.
What about an end terrace they usually have room for a vehicle but maybe too expensive!?
 
Sorry you are going through all this. It's over 4 years on for me and I'm still hurting. Look after yourself.

On the matter of renting, it's a difficult one. When it all works out, it's a nice wee stream of money (barring any major expenditure on the property). If you having an amazing tenant, it's fine. I rented out my old house that I couldn't sell back in 2010. It's the only house I ever rented out. It's not been fun, Tam. First tenant I had started out fine then started being short with money. To be fair she paid me back when she left. The second tenants were a fecking nightmare. The law is on their side. They can lie all day long and stop paying and it takes a long time to get them out. You have to do everything by the book or it works out in their favour. They left owing me £8000 and damaged a lot of the property. To be honest, if they knew how to play the game better they could have stayed rent free for longer. I'm in the process of doing it up a bit to sell but, being difficult to mortgage, I might not even manage to sell and will be forced to rent again. If I can help it, I won't be doing it again. Things are always changing to make it more and more difficult for the landlord. New regulations etc. It's all about the tenants. It's just not worth it for me. Good luck with whatever you do.
 
Orca Brody said:
Sorry you are going through all this. It's over 4 years on for me and I'm still hurting. Look after yourself.

On the matter of renting, it's a difficult one. When it all works out, it's a nice wee stream of money (barring any major expenditure on the property). If you having an amazing tenant, it's fine. I rented out my old house that I couldn't sell back in 2010. It's the only house I ever rented out. It's not been fun, Tam. First tenant I had started out fine then started being short with money. To be fair she paid me back when she left. The second tenants were a fecking nightmare. The law is on their side. They can lie all day long and stop paying and it takes a long time to get them out. You have to do everything by the book or it works out in their favour. They left owing me £8000 and damaged a lot of the property. To be honest, if they knew how to play the game better they could have stayed rent free for longer. I'm in the process of doing it up a bit to sell but, being difficult to mortgage, I might not even manage to sell and will be forced to rent again. If I can help it, I won't be doing it again. Things are always changing to make it more and more difficult for the landlord. New regulations etc. It's all about the tenants. It's just not worth it for me. Good luck with whatever you do.
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It can certainly be stressful at times especially when it's really hard to get trades people to come and fix small issues that if you owned the place you might sort yourself or have a friend help with. Like anything in life most people are fine but get a bad one and they ruin it for everyone. Overall my experience as a landlord has been pretty good but it's still a job at the end of the day not free money and so with that comes some stress and hard work.

Yes there are more hoops to jump through now as a landlord and more protections for tenants now but in my opinion that's quite right and proper and has been needed because of slum landlords and greedy landlords who take the piss. It's not easy being a tenant these days and can cost a fortune and leave you with no security which is terrible especially for families with young children. Renting in my city has become really awful and I feel very grateful to be in the position to own my home and have an income from providing a home for someone else and I strive to be one of the good landlords and am lucky to have great tenants in return.
 
I bought and rented out the flat below us some years ago. My tennant was probably too good - paid on time and gave us home made soup etc. (she was a chef) and left the place immaculate after 3 years. I know you shouldn't mix business and pleasure, but she became a friend and even looked after our cats when we were away - saved me a fortune. She eventually left as she had bought her own house. She spoilt me for renting. You hear such bad stories about non payment and damage etc. As we would be neighbours, I certainly did not want any bad feeling, so I decided to let it out as a holiday let. I "do" it through an agency based locally which handles all the advertising and finances and it's doing very well. I know it's not suitable if you are not fairly local or away a lot of the time, but it suits us as I can block lets when we are away for our 5 weeks x 2 each year.
I do feel a bit bad though about taking the property away from the rental market.
Sue
 
Helen Ariel said:
It can certainly be stressful at times especially when it's really hard to get trades people to come and fix small issues that if you owned the place you might sort yourself or have a friend help with. Like anything in life most people are fine but get a bad one and they ruin it for everyone. Overall my experience as a landlord has been pretty good but it's still a job at the end of the day not free money and so with that comes some stress and hard work.

Yes there are more hoops to jump through now as a landlord and more protections for tenants now but in my opinion that's quite right and proper and has been needed because of slum landlords and greedy landlords who take the piss. It's not easy being a tenant these days and can cost a fortune and leave you with no security which is terrible especially for families with young children. Renting in my city has become really awful and I feel very grateful to be in the position to own my home and have an income from providing a home for someone else and I strive to be one of the good landlords and am lucky to have great tenants in return.
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Well, my experience has been atrocious. Happy to hear that hasn't been the case for you. Of course it's correct that tenants are protected. I've been there myself and everyone deserves fairness and security but the system is very easy to take advantage of. I never once raised rental price on that property and accommodated any requests from the tenant and was repaid with non payment of rent for the best part of 2 years, every door in the house kicked in, wallpaper torn from the walls, plasterboard damage, garden was a write off, damage to 2 windows, never opened the door to allow gas safe check to be done and loads more. It just wasn't worth it. I wasn't looking for free money, only for the tenant to pay the very under market price rent every month. If being a Landlord was my job and I had multiple properties, it may be a different experience but I'll be gutted if I have to rent this house out again. I've now put in a new bathroom, new kitchen, new doors, repaired everything.....all the while knowing that it may all be destroyed again if I have to rent it out again. My sister in law, like you, has had nothing but good tenants so seems to be luck of the draw.

Sorry for diverting thread.

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Why does nothing in my life ever go smoothly.

Problems with the garage again so no van back tonight and I'll have to sleep in the house. Of course everything I own is in the van so I've had to nip out to buy dogfood and poo bags , I've 2 more viewings tonight so the dogs are at their aunties , and another viewing at 10am tomorrow, I had a coffee date arranged for tomorrow afternoon but having to cancel as I need to collect van hopefully around 12pm .

Everything that could go wrong has gone wrong over the last few days .

My trailer board and loading ramp fell off the camper too on the way to garage this morning so I'm having to buy another trailer board as that one is destroyed.


Aaaarrrrrrrgggggggghhhhhh
 
Suenliam said:
One good thing- the house doesn’t look as if it will be on the market for long. Bit of a bu$$er about the other stuff though.
Sue
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Yeah I think it will sell fairly quick , had 5 viewers already and I've 4 lined up so far for the next day or 2 but they add more each day everyone so far has loved the size of it. Just depends if they offer or not . Had a few asking what price we would accept
 
Shrimp said:
Take a deep breath Tam and smile, things can only get better!
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Let's hope so but I'm worried the garage doesn't do my van right . I don't need any more problems with it

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