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Looking to buy a house that was partially built during the recession perios

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  • 02-09-2015 11:19am
    #1
    gerry26
    Registered Users Posts: 39 ✭


    Hi
    I am looking to buy a detached house in co.Tipp. The estate was built in 2006 only few houses were completed and sold at that time. im looking at the houses that are 80% finished. just would like to know the risks of buying the house which is partially finished 9 years ago. any advise/suggestions welcome. searched in this forum, couldnt get the answers for my question. so started a new one here. if there is any other thread talks about this topic, please let me know.

    Thanks in advance


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    #2
    the_syco
    Registered Users Posts: 37,301 ✭✭✭✭the_syco


    What was missing? I'm guessing Windows, and possibly slates? Or did it have an outside, but no wiring done? I'd wonder what the 20% was?


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    #3
    Deub
    Registered Users Posts: 1,336 ✭✭✭Deub


    I suspect there was no heating as well during these 9 years. It is not good for the walls with the humidity inside the house (even with the windows).


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    #4
    Tow
    Registered Users Posts: 7,508 ✭✭✭Tow


    Depends on the what 20% of the house is missing, i.e. how well sealed from the elements. I would not be too worried about lack of heating, many an Irish house had no heating for generations. The quality of construction would be the main worry, who knows what shortcuts could have been taken as money ran out during building.
    It would need to be properly surveyed, not one of these few 100 quid surveys to keep the bank happy.

    When is the money (including lost growth) Michael Noonan took in the Pension Levy going to be paid back?



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    #5
    MouseTail
    Registered Users Posts: 1,663 ✭✭✭MouseTail


    It will need a certificate of compliance, and that will prove very difficult to get, as a surveyor will be reluctant to sign off on works.which have been covered up. It may well only be suitable for a cash buyer.


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    #6
    the_syco
    Registered Users Posts: 37,301 ✭✭✭✭the_syco


    MouseTail wrote: »
    It may well only be suitable for a cash buyer.
    Who has money to throw into what could be a money pit, in case that "80% completed" turns into a lot less completed. Any sign or pyrite in any other houses or estates nearby?


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    #7
    gerry26
    Registered Users Posts: 39 ✭gerry26


    The 20 % is interior which is not fully done yet. Last year one of the house that was remaining from the previous builder was sold for 160k. These houses are now advertised for 220k ( until July it was only 170k). 😟. Bit upset now. I don't think it is worth that price. I too noticed the moisture on the walls.


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