Moving to the sticks (3 Viewers)

[rettucs]

Or at least out of/far (ish) away from Dublin.

Anyone have any thoughts of doing this? I'm currently 60/40 on it, specifically to Kilkenny. Already started looking at gaffs there. The idea being that theres 10 years left on the mortgage on the gaff in Dublin but there's enough paid off to be able to sell up, clear the rest of the mortgage and buy something outright, or close to outright. And, get a bigger gaff and live closer to the city.

In a lot of ways its a no-brainer. The only possible spanner in the works could be the work situation. I'm currently fully remote and will be for as long as I'm in this company. But its unlikely this company will be around a year from now. It'll either go to shit, or get bought out.

anyways, anyone else ever think of doing anything similar?

 

[rettucs]

there was some report recently where some government body looked at some derelict properties and determined that most were not economically viable for restoration. i.e. the purchase and restoration costs would be greater than the value of the restored property. will see if i can find a link.

not sure if you know Dave Smith on twitter (cycling coach lad) but he posted a tweet a few years back about some scheme the Spanish had about selling old rural cottages for 1 euro, on the proviso that you commit a certain amount of money to its renovation (he's somewhere in Catalonia). He was looking to get one and was posting photos. Not sure if he did or not, but anyway theres this article

Buying abandoned villages — 1 euro deals on homes in Spain explained

Everything you need to know about “1 euro housing”: why someone buys abandoned houses, where is it possible to find bargain offers, how to benefit? Read now!

virtoproperty.com

I believe Italy had a similar kind of scheme too.

 

[Anthony]

Is this the cheapest house in meath? Also weird.

Curraghtown, Culmullin, Drumree, Co. Meath is for sale on Daft.ie

Curraghtown, Culmullin, Drumree, Co. Meath a 4 Bed Detached is now for sale by Sabrina Purtill MIPAV MMCEPI on Daft.ie with an asking price of €175,000

www.daft.ie

 

[egg_]

I'd guess that 65k house in Clonross is being sold as a site rather than a fixer-upper. For context we paid 88k for a site in Co. Meath in 2005

 

[Anthony]

Cool

The Windmill, Balrath, Balrath, Co. Meath is for sale on Daft.ie

The Windmill, Balrath, Balrath, Co. Meath a 4 Bed Detached is now for sale by Colin Thomas on Daft.ie with an asking price of €225,000

www.daft.ie

 

[Anthony]

I'd guess that 65k house in Clonross is being sold as a site rather than a fixer-upper. For context we paid 88k for a site in Co. Meath in 2005

Builders hate renovations. They'd much rather flatten and rebuild.

 

[egg_]

That looks amazing from the outside, but they did a very half-assed job of the inside.

 

[rettucs]

I'd guess that 65k house in Clonross is being sold as a site rather than a fixer-upper. For context we paid 88k for a site in Co. Meath in 2005

they'd probably have more joy selling it if it was an empty field

 

[ann post]

With all this going on and some of us thinging about different options - I wonder are ye's aware the EU approved new building standards for 2030 about a week ago - which would imply a few things

If you are building/renovating for life, your own life, have at it.

If you are building/renovating as a step to something else, be very wary of what resale value you might have if it's a pre 2030 standard build.

 

[magicbastarder]

a colleague bought a house about 15 years ago near gorey - less than five years old, built by the son of the local farmer. we warned him not to buy it, that it'd have been jerry built, but he couldn't be persuaded.
he ended up trying to claim on insurance for some issues (windows rotted due to a leak IIRC) and the insurance company flat refused to pay out because it was built to fail.

 

[egg_]

Last I heard about the fella who built our house he was living in a mobile home in a field someplace, split up from the wife and being sued by a few people he'd built houses for. No obvious problems with our house after 16 years, hopefully it stays that way

 

[magicbastarder]

have you scanned the foundations for unexplained voids?

 

[Deadmanposting]

there was some report recently where some government body looked at some derelict properties and determined that most were not economically viable for restoration. i.e. the purchase and restoration costs would be greater than the value of the restored property. will see if i can find a link.

Your ability to do a lot of the work yourself would obviously affect that equation

 

[Anthony]

Lovely house down the road from us going "cheap".

Semi Detached Houses for Sale in Navan, Meath | Daft.ie

Find Semi Detached Houses for Sale in Navan, Meath. Search 25 Semi Detached Houses for sale on Daft.ie now.

www.daft.ie

 

[therealjohnny]

The decor <3

That would be the first thing to go

 

[ann post]

You'd be worried about Wes Anderson showing up in the bath.

Shit energy rating aside it's a fair bit of house

 

[nuke terrorist]

It will go for a lot more than 225,000 when offers start coming in. As I said before I've often seen this happen where the asking price bears no relation to the final price. Low prices bring in lots of interest and are a good marketing tactic.
I'd love to be wrong.

 

[Anthony]

You're right. another house down the road went for €275 in December.

 

[magicbastarder]

that's what happened with our house (the one we bought) years ago - it was put on the market asking too high a price, and got little interest. they relisted at a lower price and got a higher sale price than the original asking.

 

[magicbastarder]

though they originally listed it at €355k; which was not clever, as people will search on the property sites within bands that are €50k wide; e.g. €300k to €350k etc.; so that asking placed it in a band above which the target audience would have searched for.

 

[nuke terrorist]

though they originally listed it at €355k; which was not clever, as people will search on the property sites within bands that are €50k wide; e.g. €300k to €350k etc.; so that asking placed it in a band above which the target audience would have searched for.

I think people expect homes to go for far more than the list price now. So asking for the 'real' price isn't a great idea I'd guess?