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yelims

Oh Dear, So Im Buying.. In West Of Ireland

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Well after sitting on the fence and working hard + saving for years

Just spotted a new built bungalow (300sq m) here in west of Ireland with a few acres of land (and option to buy more) on top of a hill

asking price €135k (i be offering embarrassingly less) and a few builders i spoke to quote circa 70k to complete

i think its a steal with a new motorway being completed nearby and existing railways station, broadband available, and prices in the area are ridiculously high, smaller property next door asking for 450k :o

i work from home so this could be a nice opportunity to extend my home office and triple mine and herselfs living space

and im very worried about the banks here, as yee all know they are dodgy as hell, i dont want to wake up one day to find the digits on my bank account disappear and nothing physical to show for it

this could be my chance to get a large house and not having to worry about a mortgage or getting into debt all while im young

have i gone mad? what would you do in my shoes??

should be interesting discussion

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Well after sitting on the fence and working hard + saving for years

Just spotted a new built bungalow (300sq m) here in west of Ireland with a few acres of land (and option to buy more) on top of a hill

asking price €135k (i be offering embarrassingly less) and a few builders i spoke to quote circa 70k to complete

smaller property next door asking for 450k :o

have i gone mad? what would you do in my shoes??

Where in the west OP?

If you knew how cheap it was in the mid 90s you might consider this deal to still be too expensive.

EG. County Clare, near the sea, 20 acres & four walls, 24,000 Punts. Rebuild 40K (though smaller than 'your' place........hell, 350m2?!! - I hope it is well insulated for the eleven months of autumn :) )

IRL has a long way to go, & only in one (familiar) direction.

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Well after sitting on the fence and working hard + saving for years

Just spotted a new built bungalow (300sq m) here in west of Ireland with a few acres of land (and option to buy more) on top of a hill

asking price €135k (i be offering embarrassingly less) and a few builders i spoke to quote circa 70k to complete

i think its a steal with a new motorway being completed nearby and existing railways station, broadband available, and prices in the area are ridiculously high, smaller property next door asking for 450k :o

i work from home so this could be a nice opportunity to extend my home office and triple mine and herselfs living space

and im very worried about the banks here, as yee all know they are dodgy as hell, i dont want to wake up one day to find the digits on my bank account disappear and nothing physical to show for it

this could be my chance to get a large house and not having to worry about a mortgage or getting into debt all while im young

have i gone mad? what would you do in my shoes??

should be interesting discussion

Ireland is a funny place. To get a semi in commuter hell, you'd be looking at paying €300,000 at very least for something liveable. The funny thing, in the West particularly, you can buy a site or wreck with planning permission for waaaaaaaaay cheaper than in the UK. The only problem, is that you're going to be isolated in the countryside (might be good, might be bad).

Do you have kids? If so, they might find it difficult to adjust.

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Guest DissipatedYouthIsValuable

Ireland. The place full of celts who couldn't swim to Wales?

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Where in the west OP?

25km east of galway city, in athenry area

i dont need to commute so doesn't really bother me, only requirement is internet

If you knew how cheap it was in the mid 90s you might consider this deal to still be too expensive.

EG. County Clare, near the sea, 20 acres & four walls, 24,000 Punts. Rebuild 40K (though smaller than 'your' place........hell, 350m2?!! - I hope it is well insulated for the eleven months of autumn :) )

unfortunately in mid90s i had other things to worry about like college, and then the whole bubble grew out of all proportions, only a year ago i would not have imagined such a deal (a year ago they wanted €170k for same place, no joke)

IRL has a long way to go, & only in one (familiar) direction.

definitely there will continue to be falls, as such it doesnt bother me as im not getting into a mortgage and need a place to work out of and grow a family, with some land in case of anything

my main worry are savings disappearing, if theres a run on banks the government has no way in hell of honoring its crazy blanket guarantee, and no i dont want to buy into gold :D

To get a semi in commuter hell, you'd be looking at paying €300,000 at very least for something liveable

dublin is a terrible place to live, i lived in south dublin at peak, the place an old georgian crap house was for sale for 3million, i swear i couldnt believe it considering the state of the place and no sight of gold bricks in the walls :D

Do you have kids? If so, they might find it difficult to adjust.

yes one, 10 mins on train to school in galway, 10mins drive to train station, theres school 2km from house will need to look into it

Edited by yelims

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Sounds good. Main thing is to stay out of debt.

Athenry has nice countryside and woods, but you can meet a lot of Deliverance types. Great if you're in to hurling.

Watch out for Galway solicitors - some are veeery crooked, others incompetent. Either stick with the tried and trusted, or go for someone out of province (Mayo just as bad :( ). Google solicitor's name and "solicitors disciplinary tribunal" to check them out - not perfect, because the Law Society hushes up a lot of malpractice, but at least you'll avoid the worst ones.

Edited by okaycuckoo

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Guest DissipatedYouthIsValuable
yeah that's it... cue a potato joke.

:rolleyes:

There was no potato famine, the potatoes all committed suicide when they talked down the economy.

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I'm always intrigued by posters on this site announcing that they are going to buy property. What is the purpose of this? To get encouragement from the bulls or to get criticism from the bears?

If you have found the house that you want to call your home for a considerable portion of your life why do you need other people's opinions on whether or not it’s a good thing to do?

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I'm always intrigued by posters on this site announcing that they are going to buy property. What is the purpose of this? To get encouragement from the bulls or to get criticism from the bears?

If you have found the house that you want to call your home for a considerable portion of your life why do you need other people's opinions on whether or not it’s a good thing to do?

Conversely, why do you care that they have taken the personal decision to announce it?

It is weird though and I have no intention of doing it ;)

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Conversely, why do you care that they have taken the personal decision to announce it?

It is weird though and I have no intention of doing it ;)

I find people fascinating when they are wierd...and like you say it is wierd.... I don't think the majority of people would do this but Id like to know why the minority do.

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this could be my chance to get a large house and not having to worry about a mortgage or getting into debt all while im young

have i gone mad? what would you do in my shoes??

Generally speaking in life, if I see something I want for a price I can afford I buy it.

So the question is (1) do you REALLY want it? you're sure you're not just being tempted by the first offer on the table? and (2) can you REALLY afford it? if you lose your job and the value of the house halves (doubtless both possible) would you still feel happy with the purchase? conversely how would your situation compare if the banks default and you lose your savings?

You're not mad - I can understand your desire for a house, and concern at the safety of banks. But I can't tell you what I'd do in your shoes, only the sorts of things I'd think about.

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I'm always intrigued by posters on this site announcing that they are going to buy property. What is the purpose of this? To get encouragement from the bulls or to get criticism from the bears?

If you have found the house that you want to call your home for a considerable portion of your life why do you need other people's opinions on whether or not it’s a good thing to do?

as i said ive been a member here for a while, and lurking for even longer

i taught ill post so maybe other people can confirm i havent (or have?) gone crazy, and maybe to discuss the crazy banking/property situation in ireland

im not a bear or crazy property speculator, i sat out the whole celtic tiger craziness decade and saved and worked hard, never got into any debts, dont own anything to anyone and dont ever intend to, i value land as grandparents lived of it and its possible to leave a healthy life in tough times with a small plot, i never bought gold or even stocks and hate gambling

Imo be very careful , this house in Galway sold @ Wilson's Auctions in Belfast for £140,000

http://www.wilsonsauctions.com/property_de...w.asp?id=265554

even I was tempted

seems like it still for sale? http://www.daft.ie/1464256

creggs is quite some distance from anywhere and alot of houses there for sale > http://*******.com/lognmd

there are parts of north galway, mayo and roscommon that are quite relatively cheap nowadays, but thats for a reason, the roads are bad and you are pretty isolated, tho land is still sort of expensive anything from 50 to 100k for an acre with planing permission, 20-30 acres agricultural only is about a million

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as i said ive been a member here for a while, and lurking for even longer

i taught ill post so maybe other people can confirm i havent (or have?) gone crazy, and maybe to discuss the crazy banking/property situation in ireland

im not a bear or crazy property speculator, i sat out the whole celtic tiger craziness decade and saved and worked hard, never got into any debts, dont own anything to anyone and dont ever intend to, i value land as grandparents lived of it and its possible to leave a healthy life in tough times with a small plot, i never bought gold or even stocks and hate gambling

seems like it still for sale? http://www.daft.ie/1464256

creggs is quite some distance from anywhere and alot of houses there for sale > http://*******.com/lognmd

there are parts of north galway, mayo and roscommon that are quite relatively cheap nowadays, but thats for a reason, the roads are bad and you are pretty isolated, tho land is still sort of expensive anything from 50 to 100k for an acre with planing permission, 20-30 acres agricultural only is about a million

Don't listen to anyone - if you want the house go and buy it and live happily ever after

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