OTish - finding speculative builders for modernising a property.
 

Hi All
my siblings and I are dealing with my late Father's estate, which
includes selling on the family home.

This is a largeish house with a fairly large garden, in decent condition but
in need of modernising. We'd all quite like to do this modernising work
ourselfs, but realistically it isn't going to happen.

I think the most likely buyer would be a building firm who would modernise
it and sell it on at a higher price. Given that, I was wondering whether the
standard estate agent route would be the best channel to try to sell it.

Are there other places such a firm of speculative builders might look? Or
are there ways in which we could find and approach such firms, to cut out
pointless advertising on the High Street?

Thanks for any suggestions. The house is in the North-West BTW.

Jon N

OTish - finding speculative builders for modernising a property.
 

The Night Tripper wrote:

my siblings and I are dealing with my late Father's estate, which
includes selling on the family home. This is a largeish house
with a fairly large garden

I think the most likely buyer would be a building firm who would [snip]

Apply to demolish the original house and cram several rabbit hutches
into the former garden ...

OTish - finding speculative builders for modernising aproperty.
 

The Night Tripper gurgled happily, sounding much
like they were saying:

I think the most likely buyer would be a building firm who would
modernise it and sell it on at a higher price.

Yeh, right. I'm with "demolish and build several".

Given that, I was wondering whether the standard estate agent route
would be the best channel to try to sell it.

Yep. They work with developers, so if a suitable property pops up,
they'll point them to it. Open up your pool of potential buyers, and
there's only one way the price'll go.

OTish - finding speculative builders for modernising a property.
 

Adrian wrote:

The Night Tripper gurgled happily, sounding much
like they were saying:

I think the most likely buyer would be a building firm who would
modernise it and sell it on at a higher price.

Yeh, right. I'm with "demolish and build several".

FWIW 'fairly large garden' doesn't mean 'large enough to build several
houses on'! It's around 1/4 acre IIRC - with a large lawn and a
vegetable/'orchard' plot at the top.

J

OTish - finding speculative builders for modernising aproperty.
 

The Night Tripper gurgled happily, sounding much
like they were saying:

I think the most likely buyer would be a building firm who would
modernise it and sell it on at a higher price.

Yeh, right. I'm with "demolish and build several".

FWIW 'fairly large garden' doesn't mean 'large enough to build several
houses on'! It's around 1/4 acre IIRC - with a large lawn and a
vegetable/'orchard' plot at the top.

You're not familiar with modern residential development techniques, are
you?

I start the bidding at five "executive homes".

OTish - finding speculative builders for modernising a property.
 

"Adrian" wrote in message
...
The Night Tripper gurgled happily, sounding much
like they were saying:

I think the most likely buyer would be a building firm who would
modernise it and sell it on at a higher price.

Yeh, right. I'm with "demolish and build several".

FWIW 'fairly large garden' doesn't mean 'large enough to build several
houses on'! It's around 1/4 acre IIRC - with a large lawn and a
vegetable/'orchard' plot at the top.

You're not familiar with modern residential development techniques, are
you?

I start the bidding at five "executive homes".

I think you failed to notice "It's in the North-West".

The bottom has completely fallen out of the new build executive market in
that area.

tim

OTish - finding speculative builders for modernising a property.
 

On 14 Mar 2011 08:08:52 GMT, Adrian wrote:

I think the most likely buyer would be a building firm who would
modernise it and sell it on at a higher price.

Yeh, right. I'm with "demolish and build several".

The OP doesn't state it's detached. Might be a bit tricky with a
semi...

These days a "largeish house with a fairly large garden" would be
30's semi built on the standard at that time 10 x 50 yard plot.

--
Cheers
Dave.

OTish - finding speculative builders for modernising a property.
 

The Night Tripper wrote:

This is a largeish house with a fairly large garden, in decent
condition but in need of modernising.

I think the most likely buyer would be a building firm who would
modernise it and sell it on at a higher price.

A spec builder won't offer you much. You are usually far better off - ie
you'll get more money - selling to an end user.

The correct equation for wehat it's worth is of course: (what the house is
worth done up) LESS (cost of doing up)

The end-user equation is: (this is a great price for the road, we'd never be
able to afford it in good condition) less (it's liveable-in and we can do it
up ourselves over a period of time for not much money). The end users will
therefore normally comfortably outbid the builders.

That all assumes there's no major development potential, ofc.

OTish - finding speculative builders for modernising a property.
 

On Mar 14, 10:32*am, "tim...." wrote:

I think you failed to notice "It's in the North-West".

The bottom has completely fallen out of the new build executive market in
that area.

Which North West are we talking about? The one that's a silver BMW-
commute from Manchester, or the bit beyond that, where the poor people
live?

I've got 3/4 acre up there and every intention of keeping it as an
attractive bungalow with nice gardens. However the financial
attractions of turning it over to new-build chickenhouses are still
very, very viable.

OTish - finding speculative builders for modernising a property.
 

On Mar 14, 7:52*am, The Night Tripper wrote:

This is a largeish house with a fairly large garden, in decent condition but
in need of modernising. We'd all quite like to do this modernising work
ourselfs, but realistically it isn't going to happen.

That realism is difficult to arrive at, but I think you're very wise
to recognise this.

However where do you all live, relative to the house? Given my past
experience with larger building projects, I'm not doing anything that
involves contractors where I'm too far away to keep a careful and very
frequent eye on it.

OTish - finding speculative builders for modernising a property.
 

Hi All

Andy Dingley wrote:

On Mar 14, 10:32 am, "tim...." wrote:

I think you failed to notice "It's in the North-West".

The bottom has completely fallen out of the new build executive market in
that area.

Which North West are we talking about? The one that's a silver BMW-
commute from Manchester, or the bit beyond that, where the poor people
live?

I've got 3/4 acre up there and every intention of keeping it as an
attractive bungalow with nice gardens. However the financial
attractions of turning it over to new-build chickenhouses are still
very, very viable.

FWIW we're talking about 'the bit beyond' Cheshire ... Preston area to be
precise.

And we siblings are a bit scattered ... from close by, to me on the South
coast, to a brother in France. The D-I-Y option reeally isn't going to
happen, I'm afraid.

The house is semi-detached BTW. I'm really not expecting anyone to want to
do development of the order people are talking about here, just 'upgrading'
to 'modern' standards. Though obviously it's not of my choice...

Thanks for all the comments.

J^n

OTish - finding speculative builders for modernising a property.
 

In message , The
Night Tripper writes
Hi All

Andy Dingley wrote:

On Mar 14, 10:32 am, "tim...." wrote:

I think you failed to notice "It's in the North-West".

The bottom has completely fallen out of the new build executive market in
that area.

Which North West are we talking about? The one that's a silver BMW-
commute from Manchester, or the bit beyond that, where the poor people
live?

I've got 3/4 acre up there and every intention of keeping it as an
attractive bungalow with nice gardens. However the financial
attractions of turning it over to new-build chickenhouses are still
very, very viable.

FWIW we're talking about 'the bit beyond' Cheshire ... Preston area to be
precise.

And we siblings are a bit scattered ... from close by, to me on the South
coast, to a brother in France. The D-I-Y option reeally isn't going to
happen, I'm afraid.

The house is semi-detached BTW. I'm really not expecting anyone to want to
do development of the order people are talking about here, just 'upgrading'
to 'modern' standards. Though obviously it's not of my choice...

Thanks for all the comments.

I'll give you ten quid for it

--
geoff

OTish - finding speculative builders for modernising a property.
 

On Mar 14, 7:52*am, The Night Tripper wrote:
Hi All
* * my siblings and I are dealing with my late Father's estate, which
includes selling on the family home.

This is a largeish house with a fairly large garden, in decent condition but
in need of modernising. We'd all quite like to do this modernising work
ourselfs, but realistically it isn't going to happen.

I think the most likely buyer would be a building firm who would modernise
it and sell it on at a higher price. Given that, I was wondering whether the
standard estate agent route would be the best channel to try to sell it.

Are there other places such a firm of speculative builders might look?

1. Don't be so anal about who you sell it to.

2. Stick a big sign in the graden saying "For Sale - development
opportunity".

Or, 3. Just go through an estate agent. If such a builder exists they
will have their ears to the ground.

MBQ

OTish - finding speculative builders for modernising a property.
 

The Night Tripper wrote:


The house is semi-detached BTW. I'm really not expecting anyone to
want to do development of the order people are talking about here,
just 'upgrading' to 'modern' standards. Though obviously it's not of
my choice...

What makes you think it won't sell to an end user? I think you are making a
very big mistake ruling that out.

As an example, I sold my late aunt's house for £250k on behalf of her
estate. The house next door, which was in excellent condition, had just sold
for £270k. My aunt's house needed around £50-70k spent on it to bring it up
to the same condition, as literally no money had been spent on the place
since 1945. So, a speculative builder would probably have offered us around
£200k. There were several keen buyers at £250k, and the new owner has been
steadily DIY'ing the place ever since he bought it. A win-win situation for
all concerned.

OTish - finding speculative builders for modernising a property.
 

In article ,
says...
What makes you think it won't sell to an end user? I think you are making a
very big mistake ruling that out.

A friend and I are looking for just such a house - though not in that
area nor at that price range.

--
Skipweasel - never knowingly understood.

OTish - finding speculative builders for modernising a property.
 

Hi there

GB wrote:
The Night Tripper wrote:


The house is semi-detached BTW. I'm really not expecting anyone to
want to do development of the order people are talking about here,
just 'upgrading' to 'modern' standards. Though obviously it's not of
my choice...

What makes you think it won't sell to an end user? I think you are making
a very big mistake ruling that out.

What makes you think I'm ruling out selling to an end user? My OP talked
about 'wondering...'

J^n