5 Affordable Unique Homes
5 Unique Properties You Can Afford
With the housing market crashing all around us, an article on 'unique' properties may sound crazy considering most of us would be happy to buy ANY house, yet alone an unusual one. We're here to show you that not only can you afford a property - with some creative thinking, you can get a unique home for less!
1. Live On A Houseboat
Houseboats make great unique homes and they are often in interesting areas. Getting your dutch barge, narrowboat or cruiser in London (of course) will be most expensive, although compared to property prices in the capital - you can snap up luxurious 2 bedroom houseboat in the most sought after riverside environment, for the price of a run down 1 bedroom flat in a tower block!
To buy a houseboat, checkout:
Moorings in London come in at around Â£3,500 to Â£10,000 per year and houseboats can be as cheap as Â£32,000 for a 45ft canal boat with a residential mooring in East London (www.apolloduck.co.uk) to well over Â£300,000 for a huge dutch barge in Chelsea..
2. Go Green With An Eco Property
Eco homes, eco lodges and eco properties can be very cheap to construct and even cheaper to run. For just Â£29,995 (www.ecopoddesign.co.uk), you can purchase a stunning 'Eco Pod' which includes a decent sized double bedroom, single bedroom, bathroom and open plan kitchen/living room. At just 11m x 4m, your land costs are going to be pretty cheap!
Or you could go for a slightly more conventional green home at Â£50,000 (www.brightbuild.co.uk) an eco home that can grow as you grow! Plus, this only takes 2 days to setup...keeping labour costs right down.
3. Buy A Plot Of Land - Add A Bus, Caravan Or Railway Carriage Conversion
This might sound a bit 'out there' but in reality buses, caravans and railways carriages can make great unusual homes. Although you may need planning permission for permanent living, there are plenty of interesting 'workarounds'
There also appears to be some successful mobile-home-on-a-plot-of-land scenarios, such as Christie Flynn & his family who live in a converted bus. Check out these other other unique alternatives such as a cow-shed, gypsy caravan for Â£2,500 and a railway carriage for Â£20,000 with excellent holiday let returns (Telegraph Property) and with a bit of pressure on the council - a great, cheap, unusual and unique home..
4. Buy a Property That Needs Renovating
There are still plenty of places to buy an unusual property that needs some work doing to it. Of course, the major upside to a 'knackered house' is you can pick them up pretty cheap.
Watch out for expensive problems with your property renovation such as:
Subsidence (can be Â£10,000's)
Roof damage (can be Â£10,000's).
The next costly problems of refurbishing a home can be:
Rewiring (approx < Â£5,000)
Boiler problems (approx < Â£2,000)
Replacing doors/windows with double glazed versions (< Â£4,000).
Depending on where you live, it is possible to pick up a cheap property that needs renovating from:
Check the prices of house sales in the same road using www.houseprices.co.uk to make sure you are getting enough off the price of a decent example.
5. Go To A Property Auction!
Property auctions are not for the faint-hearted, but if you keep your wits about you, it is possible to snap up some complete property bargains. Make sure you attend a viewing beforehand, ask questions, get a survey and ensure that whoever is providing your mortgage can move quickly.
You will generally have to pay a 10% deposit as soon as you win, a Â£500 - Â£1000 auction fee (buyers premium) and complete within 4 weeks. Failure to comply can mean big problems...
The best places to find a property auction is:
www.rightmove.co.uk (Just search your area and in the filter section, select 'auction properties')
www.allsop.co.uk (National property auction)
What would be your favourite unusual home?
We'd love to know what type of property you'd like to live in!