Quizzes & Puzzles36 mins ago
New Build Homes- Estate Management Fees
What is your opinion on estage mamagement fees on new build estates?
I am looking at buying a home but would have to pay £170 per year for up keep of the estate, of course the figure could increase over time. Thing is tje plot I am looking at is not near any public grass, Im single so dont have kids using the play area or anything. Id feel Im paying more for others but maybe im wrong
Answers
No best answer has yet been selected by bluefortress. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Many years ago my ex-boss purchased a new-build property with an asking price of £200k; he asked the sales rep if they would accept an offer of £190k – which was immediately accepted.
Afterward he said to me that he’d wished he’d offered £180k.
Everything’s negotiable – just make sure that the property’s covenant includes the exemption from paying the annual management fees in perpetuity in writing.
My brother in law brought a new build on a small estate six years ago. He now hates it and is looking to move again. We pointed out that an estate will have children playing etc and that the fees for the upkeep of the estate etc would increase but he never listened. Now he is moving because the number of children have increased on the estate and are driving him mad, and the noise in the summer with them playing football and cricket in the road is awful. Also the estate fees were £250 a year to start with and they now want £1950 for the new financial year! He is looking at a bungalow in a small village not far away where he knows people who asure him it is peaceful.
>>> "Id feel Im paying more for others but maybe im wrong"
You might just as well argue that you should pay less Council Tax than others because you don't have kids in school and you never use public libraries. It just doesn't work that way!
£170 is cheap. If buy the property, just hope that FirstPort don't ever take over management of the development!
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