FAMILIES on a budget can bag the cheapest home on the market that’s big enough for the kids for just under £50,000.
A three-bed home in Kilmarnock, Scotland, is the cheapest family-sized home listed on property portal Zoopla – and it comes with a garden.
It’s nearly £224,000 below the average house price which stands at £273,762, according to the latest Land Registry figures.
It also comes with a lounge, kitchen and bathroom too.
A garden runs around the front and back of the property, which means there’s plenty of room for the kids to play.
Kilmarnock is a half-hour drive away from Glasgow, so close to the big shops.
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At £49,995, you’ll need £4,999 saved up to put down a 10% deposit.
But before you splash out, you’ll need to factor in the cost of doing it up.
Some of the rooms – especially the bedrooms and kitchen – are in need of some work.
There is paint on the kitchen worktops and the flooring looks uneven.
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While in the bedrooms, the wooden floorboards are bare and also covered in paint, and the door has come off in one of the rooms.
You should get a home survey report done as well before taking the plunge and buying it.
Depending on what survey you get, it will show any potential problems with the house – and how much it costs to fix.
You can get a condition report done, which costs at least £300 – its a traffic light report indicating the conditions of various states of the property.
There’s also a Home Buyers report, which costs at least £450 and you’ll also get a valuation and insurance reinstatement value – which is an estimate of how much you’ll receive if the building were to burn down.
A building survey costs £500 or more, and it is an extensive check of the state of the property – it will also provide advice on repairs, estimated costs and timings, and what will happen if you don’t carry out the repairs.
Fail to get one sorted and rush into buying a home without one and you could end up paying tens of thousands of pounds more to fix the issues – like this first-time buyer did.
Families are being PAID just to move house – you could get up to £12,000.
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