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icashireonIine.co.uk
Clitheroe Advertiser & Times, March 15th, 2001 13
d or new home
HOUSE hunting can be the ultimate night mare as you try to find the home that matches both your dreams and
your pocket. The first dilemma is
I#
which is best? The big dilemma in choosing a new home
whether to opt for an old period property that is full of character or go for a brand new home which you can stamp with your own style. It can be difficult to
decide between that beau tiful Victorian cottage, possibly hiding a multi tude of maintenance and renovation problems or a purpose-built home with gleaming new kitchen and bathrooms
but.no person
ality. Kerryn Harper, acting
I wood floor.
; secrets cess
|;ry to emulate the exact ■ adapt it to suit your
(
of what you want to eryone - including chil-
ind lilacs, is enjoying a
>ms can be linked by it. *oom can jar the eye. paint and can cover up
ne expensive roll, with a in one wall, then paint
t colour will not lighten •k jewel-like colour that
over-contrived. Choose
mr you had in mind, dng patterns. Mix large ce stripes, checks and ns.
ir treasured possessions, vbe collected from child-
lid or travels. They give aur, life and personality |i room," she says.
Velux Roof Windows Dormer Windows Bedrooms from plans to
completion
A tttack the
attic for
that extra
room! I
editor of Your Home mag azine, urges people to weigh the pros and cons up carefully before making what can be the most expensive commitment of
their lives. "Most people have an
instinctive feeling as to what type of house they prefer. But they should use their head and their heart to avoid making a superfi cial decision," she says. "I t 's no use choosing
solely on a gut reaction of liking old fashioned char acter or the opportunity of'
are looking for something without a roof or a
r a l
kitchen. "What they don’t realise
is that it will probably cost them treble what they esti mate in time and money. Also they will struggle to get trades people as there is such a shortage of
a feature on styl'isl€[i$fgi
a blank canvas in a new house that can be decorat ed to their taste." She believes the prime
consideration should be whether the house suits
your lifestyle. "Older properties can
have structural problems or require a lot of renovat ing or maintenance, which can be much more expen sive than people bargain on," says Kerryn. "Also, you may need
time to devote to the pro ject which can be quite dis ruptive to your social or
family life.” New homes are not
without their problems
either. Kerryn says: "They can
cost significantly more than older homes as they don’t need renovating. People who choose a house before it is built often think it is an easy way to move, but they can be caught out if the developer doesn't meet the comple
tion date. "Often the reason people
buy them is so they can put their 'stamp' on them, but once they've done that it means they can be less appealing for someone else
tobuy-"Older homes are still the popular choice. A recent survey by the Halifax revealed that nearly 40% of first time buyers opt for them, compared to 24% who want a new home. The estimated average
price for a new-build home in the UK is £120,483, compared to pre-1919 properties which sell for £91,100. In general the premium for buying a new property is 10% to 15%. Chartered surveyor
Greg Pullen, who has an estate agency in Devizes, Wiltshire, warns buyers anxious for period chic and influenced by quick-fix television D IY pro grammes such as "Chang ing Rooms" to be cautious. " I t has made people
believe if they can buy an old wreck of a house and easily do it up themselves in a weekend," he says. "You get buyers who
don't want a beautifully renovated property and
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skilled workers. "Unless restoration is
professionally done, they will not see the return they are expecting on their investment." On the other hand, he
believes buyers can all too easily be seduced by glossy brochures and feel pres sured in marketing suites set up by new homes com
panies. "You can pay an awful
lot of money for that per fectly-decorated house,
whereas a second-hand
new house can cost only a few thousand to repaint. Those buying new houses set in grounds for phenom enal prices well above local rates should consider whether anyone in the area would be able to afford to buy it if they wish to sell." He advises any buyers
who are relocating to sell their property and rent in the area they wish to buy, so they can make a knowl edgeable chdice of proper ty whether new or old. Christopher Calcutt, a
partner in estate agents Calcutt Maclean Standen
in Wye, Kent, says: "It's very much a time of life choice. You tend to find new houses bought by young professional couples who don't want to be both ered by DIY and mainte nance. They want to spend time on leisure not deco
rating. "There are couples who
want to leave the period home they spent years devotedly renovating_ because the children have left home and they find coping with it and a huge garden too demanding. They want something modern and stress free, with just a patio, for their retirement. "We've also often had
women whose husbands wanted old cottages, but they were worried about the spiders that might be harboured in them. They usually end up buying new."
Older homes are still the popular choice. A recent sur vey by the Halifax revealed that nearly 40% of first time buyers opt for them, com pared to 24% who want a new home.
BUYING a older house can have both advantages and disadvantages
NEW PROPERTIES - THE CASEFOR
• It is sometimes possible to part-exchange your old
^°© ground090 % of homes are covered by structural guarantees, like the buildmark warranty, which may
help if defects emerge. O Design schemes may allow you to choose kitchen
units or decor in advance. Also builders claim new homes offer reduced maintenance and energy costs. , THE CASE AGAINST
9 Builders might not meet planned completion dates
on brand new or partially-built properties and are under no obligation to do so.
• Developers often allow only a few weeks to com .
plete a purchase, which can be stressful especially if syn chronising s a le a n d purchase is difficult.
• You can add period features to a new house to suit
your taste, but on resale it will still be viewed as mod- Grn'
OLD PROPERTIES- THE CASE FOR
• Certain periods of home, such as Victorian, Geor
gian, never lose their appeal, so their resale value is good. Recently 1930s semis, especially with original features,
have enjoyed a revival.
9 Restoring an old property can pay dividends, but ideally look for one that has retained some original fea-
, ,
tU©S\Vell preserved, older homes in desirable locations tend to increase in value faster than most newly-built properties as the property market gets more selective.
They often have larger rooms and mature gardens. THE CASE AGAINST
• Old homes can have structural problems and need a high level of maintenance. Always have a full survey car-
ne« Restoring that period wreck can be expensive, exhausting and you may find it difficult to get a mor - gage.
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E.DUGDALE (M e r c h a n t s ) L T D
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OPEN: Weekdays 7.30am - 5.00pm Saturday 7.30am - 12.30pm (Closed Lunchtime 12.00-12.30 Weekdays)
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