Bought my first house (woohoo finally)

May 19, 2013
17,668
7,158
I'd imagine the next row of houses are twice as much because their gardens back onto the water?
 

Wansen

Ufologist Extraordinaire
Jun 4, 2013
937
367
Hawaii, USA
US $211K
UK £135.5K
EU €187.5K

30 year bonds with fixed interest @ 2.5% at price 100 right now
Looks lovely!

That house would be worth at least $350,000 - $400,000 easily in my neighborhood, $1,000,000 - $1,500,000 on Oahu.
 
Jul 17, 2014
1,299
3
What I have learned over the years, sometimes the hard way, is that location really is everything. Everybody advises you it's all about location and anybody buying their first home especially if they are going to live in it for a long time should most definitely take this advice on board.

Decide on what your priorities are and then pick where you want to live.

Living in the country can be really nice especially in the summer but it can be isolated and boring too.
 
Reactions: crash

Duo

Bosomus Maximus
Jun 14, 2012
7,774
4,548
High ground tends to be my family priority, as well as my girlfriend's. Everybody we know who has lived on low ground has experienced flooding at one time or another. Quality of construction means nothing once underwater. The highest ground in my town is also the location of the town trailer park, one of the safest places to live when spring floods and winter weather occurs. It's the first place where sun melts the snow when it accumulates, then it all flows downhill and away from the park with rising temperatures.

My brother has a nice and newly constructed large house next to a river on low ground in a rural area of the adjacent city, just downhill from a neighboring nursing home and assisted living facility. Beautiful place, except for the fact that he needed my hands a few years ago to physically rip off the basement wall to wall carpeting after that river flooded over the banks, in order to prevent his house from being condemned, and his highly allergic daughter from being hospitalized and possibly killed by the resulting mold. (Government zoning being the automatic farce that it is has never defined my brother's residential location as a flood zone, despite the fact it actually has flooded over twice in the last 30 years, the first time before any construction was undertaken there.)

Given a choice between an old trailer on sheltered high ground, or a new mansion on exposed low ground, I'll take the secure housing which won't leave me in need of a homeless facility overseen by red tape bureaucracy.
 
Jun 12, 2012
8,369
5,305
Denmark
Yeah, that's one of the issues I'm aware of. I ran some of the climate tools online and the water level needs to rise more than 1.89 meters before any ocean water could theoretically reach the house which would be a pretty rare event on that coast (Northern Funen out towards Kattegat). I also checked the old air photos of the area and found no signs flooding which is usually easy to spot on farmland. Gonna have my master bricklayer check for old moisture damage. But yeah I need to have a proper contingency plan for a worst case scenario.

 
So I had my mason friend out taking a look at the house and he said "Bulldozer". Good news is that I can probably get the house for 30-35% less than the asking price which should more than cover the cost having a demolition company take down the buildings. Still very much undecided though.

Found an old picture of the farm from 1955 in the public records online

amazing prices over there...especially when you consider something like this in london is:

£800k
$1.1 million
e1.015 million

http://gorillacool.com/10-foot-wide-house-goes-on-sale/

I know it's London so you pay a premium, but even elsewhere you wouldnt get anything like that at that price.