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Since i finally have a job our little family is now house hunting. Now when you look for a house for a decent period of time in a certain area, in a certain price range and a house of a certain size range you kinda get to know the market quite fast. Which is why i am sometimes baffled at the pricing of certain houses. I do not know if it´s the people selling or if its the real estate agent that goes bonkers, but sometimes things are just wrong.
Take this place for example, 86 square meters of living space for 2.850 000 NOK or 285.000 euros ish without checking the course.
![[image loading]](http://finncdn.no/mmo/2013/11/vertical-2/07/1/450/696/21_792244917.jpg)
Now there are clearly some old people that lives here.
![[image loading]](http://finncdn.no/mmo/2013/11/vertical-2/07/1/450/696/21_1584233388.jpg)
And everything is out of date. The walls need to be repainted and in some places tear some crap out, floors are covered in hideous carpets that needs to be pulled of and then probably put a new floor in, the electrical is old, you need to redo the entire kitchen and bathroom, the cellar is just nothing(very common to turn the cellar into like a second common room) and you need to paint the entire house and replace some doors plus you probably need to redo the isolation for the entire place. To top it of it is quite small to begin with before you even factor in the work that needs to be done. All in all a fuck ton of work that would easily add another 450.000 NOK or 45.000 euros minimum.
Then in pretty much the same area you have this:
![[image loading]](http://finncdn.no/mmo/2013/10/vertical-2/23/0/447/509/80_1043501197.jpg)
![[image loading]](http://finncdn.no/mmo/2013/10/vertical-2/23/0/447/509/80_310740179.jpg)
Completely re-done, 30 square meters larger, same area, appliances are included, looks to be straight out of a damn catalogue - for only 25.000 euros more. It will probably sell for a little higher, but still this one isn't exactly unique and is more following the actual pricing for the majority of the houses in the area.
Who in their right damn mind would buy that first house? We see this quite often - and they never sell. They just lie open for bidding for months with that same price.
But anyone who has actually bought a house(it's our first) that have any tips on what to look out for? I know to check the electrical and ask about that while inspecting the wet areas. But other then that i don´t really know of any other big pitfalls.
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Poland2633 Posts
This is still almost 3 times as expensive as in Poland, crazy.
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You're lucky, where I live it will cost you over a million dollars just for the land 
That second house probably 2 million.
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intrigue
Washington, D.C9933 Posts
grats on the job. hope it's something you like? yeah houses are ridic
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People ask for prices that are on the high side because they are not in a rush to sell. Property prices are never static, and it's not at all uncommon for people to pay more than the average price for that area because the house they are looking at is in a perfect spot or has a nicer view out of the windows or whatever the hell else. There are many factors that affect people's decision-making when looking to buy a house, and what looks good (or bad) to you might be completely opposite for someone else.
As for tips; check the soundproofing of the rooms, many people overlook it but it's a pretty big deal imo - not just in terms of outdoor noise coming in but sounds travelling between the kitchen and your bedroom or whatever. Also related to that is checking the neighbourhood - not just the general area but actual apartments / houses next to your future place. How is the traffic around it during rush hour? Is there dog poop all over the playground next door? etc.
Make sure you ask for utility / heating bills for more than just the previous month, too. Can be a pretty big deal especially in some of the more modern houses with pretty big windows and glass doors.
Also, if you're looking for a long-term place rather than something for a few years that will be sold off eventually, you might want to consider whether there is a housing associating, how many rentals are in the area etc. All in all, living in a neighbourhood of other committed, long-term home owners is a big plus over a bunch of rentals where owners change every year, imo.
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On November 08 2013 07:27 sluggaslamoo wrote:You're lucky, where I live it will cost you over a million dollars just for the land That second house probably 2 million.
Might be a dumb question, but shouldn't land be cheap in Australia? I mean it's huge  Or are we talking cities?
Those prices seem normal for the Netehrlands, maybe a little low ^^
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On November 08 2013 07:21 Nerchio wrote:
This is still almost 3 times as expensive as in Poland, crazy.
Yeah Norway is Norway pretty much, everything costs a lot compared to other countries. This is in a pretty small city as well(Trondheim)
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Houses are getting more expensive everywhere with tax and inflation rates. The rate of price increase for most houses are huge.
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Who in their right damn mind would buy that first house? We see this quite often - and they never sell. They just lie open for bidding for months with that same price.
seems like the market is doing its job lol. if a seller wants to sell it at a price no one wants to pay, then it won't sell.
i've looked at condos, not houses. but i basically check everything - open all the drawers and cabinets, open all the doors. check the lights. look for small things like cracks in the paint or dents in the wall and take note of them. check the prices and conditions of the houses in the surrounding area. make sure you know how much the house costs to maintain so you can factor that into your budget - maintenance, utilities, property taxes, other taxes, w/e. talk to the neighbors too if you can, just to see what they're like.
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Congrats on the job. I think you should write blogs about the positive things in your life as much as you do the negative things. It will help you out when you're feeling down and it may cheer up other internet strangers a bit too. Not too bad.
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From my understanding, people in Norway make a lot of money but everything is ridiculously expensive. Those are some crazy prices for houses which I would hate to live in in the first place x_x
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i am in escrow on another house with purchase to complete by november 29. house hunting is very stressful.
you should get a pest inspection (mostly termites, but they will also look for dry rot) and a home inspection (they will look at electrical, structural, etc.). they are a little expensive some times, but better to spend a nice sum up front then be surprised with a colossal bill a year down the road. plus, they will teach you maintenance issues.
if you are buying an old home, biggest pitfalls are roof, support (settling issues with home, can crack foundation (uh oh) or put cracks in walls), water invasion (bathrooms are big, but can be all over home), HVAC, water heater and appliances (oven, fridge, etc.). consider a home warranty on appliances/water heater/HVAC if you can find a good, affordable one.
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On November 08 2013 07:43 Amestir wrote:Show nested quote +On November 08 2013 07:27 sluggaslamoo wrote:You're lucky, where I live it will cost you over a million dollars just for the land That second house probably 2 million. Might be a dumb question, but shouldn't land be cheap in Australia? I mean it's huge Or are we talking cities? Those prices seem normal for the Netehrlands, maybe a little low ^^
Yeah despite being huge 90% of our land is desert, so we all live on the coast :D In the outer suburbs its still ok I guess, but not living in the inner-burbs sucks unlike most countries, we just don't have good infrastructure.
It was very cheap until a while ago, about 10 years ago we had a housing boom and prices for houses more than tripled. During and after the GFC we started getting lots of immigration causing house and rental prices to continue to rocket up, so we went from 200,000 to 1.5 million for the same property in just 10 years.
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jesus 300 euros?? This is per months rent right?
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On November 08 2013 07:50 unkkz wrote:Show nested quote +On November 08 2013 07:21 Nerchio wrote:
This is still almost 3 times as expensive as in Poland, crazy. Yeah Norway is Norway pretty much, everything costs a lot compared to other countries. This is in a pretty small city as well(Trondheim)
Rosenborg Trondheim (or something like that)? Not that small, since I know it (football, yeah!)
Well, the one house might be more favorable for older people? Some old people look for new houses as well (near their family).
Overall I think it's strange that the furniture is there. Is that included or just "for show"? From my experience you just sell the house - no furniture (unless the old inhabitant wants to get rid of it and doesnt care).
Thinks to look out for:
- INTERNET. Seriously. Probably not a huge problem in Norway. But you can have shitty internet in "good" locations. "yeah you live one street too far away to get good stuff"
- bodies of water. Is a river / lake near you? Spiders! Insects! Lot's of them.
Ok... since my parents were renovating their backyard this summer: We lived there for ~24 years (I moved out 10 years ago):
My parents always complained that humidity was getting into the basement. I have no pictures, but paint falling of the walls etc etc.
This is what the backyard looked like:
+ Show Spoiler [ignore the cat] +
We assumed there is normal earth under it. So all the water from the rain could just go into the earth. After we removed the plates:
+ Show Spoiler [The result] +
Just pure, level (we checked) concrete. I honestly dont know how you would check for this before hand. But well, that's the reason why water was leaking into our basement for 20+ years 
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you guys are having it easy, EASY
(hint, l am from hong kong T T)
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On November 08 2013 09:41 Smurfett3 wrote:
jesus 300 euros?? This is per months rent right?
You fell for it and I did to, initially. Europeans use . in place of , with numbers.
I was like 45 euro to renovate that place?!?!?!? lol he means 45k.
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On November 08 2013 17:22 iTzSnypah wrote:Show nested quote +On November 08 2013 09:41 Smurfett3 wrote:
jesus 300 euros?? This is per months rent right? You fell for it and I did to, initially. Europeans use . in place of , with numbers. I was like 45 euro to renovate that place?!?!?!? lol he means 45k.
Yeah it means 45k;) and 300k.
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On November 08 2013 07:35 Salazarz wrote:
People ask for prices that are on the high side because they are not in a rush to sell. Property prices are never static, and it's not at all uncommon for people to pay more than the average price for that area because the house they are looking at is in a perfect spot or has a nicer view out of the windows or whatever the hell else. There are many factors that affect people's decision-making when looking to buy a house, and what looks good (or bad) to you might be completely opposite for someone else.
As for tips; check the soundproofing of the rooms, many people overlook it but it's a pretty big deal imo - not just in terms of outdoor noise coming in but sounds travelling between the kitchen and your bedroom or whatever. Also related to that is checking the neighbourhood - not just the general area but actual apartments / houses next to your future place. How is the traffic around it during rush hour? Is there dog poop all over the playground next door? etc.
Make sure you ask for utility / heating bills for more than just the previous month, too. Can be a pretty big deal especially in some of the more modern houses with pretty big windows and glass doors.
Also, if you're looking for a long-term place rather than something for a few years that will be sold off eventually, you might want to consider whether there is a housing associating, how many rentals are in the area etc. All in all, living in a neighbourhood of other committed, long-term home owners is a big plus over a bunch of rentals where owners change every year, imo.
Yeah but not in a hurry to sell, the place is a dump compared to most things on the market and i cannot fathom that anyone would buy it considering what else is coming onto the market on a daily basis at comparable prices while being larger as well.
All in all some good tips in here people, tyty.
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The 2nd house in Singapore would probably cost like 1.4 mil SGD, which should be around 800k euro ... Fuck I'll never be able to get a house here :|
Our mate from HongKong a few posts up probably feel this way too...
Edit: nope a condo looks like that is 1.4 mil. A house on the other hand, should be 5 mil. Fml :|
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EPT![[image loading]](http://i.imgur.com/FIINwiM.jpg)
![[image loading]](http://i.imgur.com/PJNbWg1.jpg)
![[image loading]](http://i.imgur.com/OoX7Vtz.jpg)
