Hello to all you would be house hunters.
We have been living in BG for 1 year now. In that time i have been approached by 10 people who have bought in Bg and are now looking to repair/ renovate or extend their prized purchase.
What they don't realise is that when they bought their prize, that was only the 1st step on an expensive journey.
To date ,2 have queried why , when the property only cost 10,000 euro the renovation costs where in excess of the purchase price. Asked why when blocks only cost 1 lv, a 2 level, 50 m2 (100m2) extension was going to cost more than the house cost !!!!!!
2 have bought absolute pigs in a poke ( Sorry no other way to describe them) 1, the ring beam is actually broken on both levels in 2 places. House structurally unsound and not safe with out major repairs.
Reply when told all this , would i try to sell it on for them as they couldn't afford the repairs. Reply to that was a firm No.
2 of the renovations that have gone ahead, are on hold, because they have run out of money, even though they knew the costs before starting.
Another has bought a property with a damp ring app 1 metre up the wall , when the var plaster was pulled from an area app. 1m2 you could look out through the hole, the var plaster was the only thing holding the bricks together. Another house for sale.
I reckon i could go on for another couple of pages about the defects found in the properties that i have looked at.
Having spoken to many Bulgarians, they think that it is hilarious that the Brits are coming with more money than sense and buying all the rubbish that is only fit for knocking down, before it falls down.
I asked the question of several of the purchaser's why they bought and the answer was always the same , they came to buy properties and time was running out and they had to buy something. Buy in haste and repent at leisure, comes to mind. I actually offer a service checking houses, which has now been used by several people and up to date the couples concerned have walked away , keeping their money safely in the bank.
i am not saying that all these village houses are rubbish , i have seen some very good ones which only need minor cosmetics. Just remember the adage that when you buy cheap you get cheap.
Please , please before buying think, think and think again
and do your home work before parting with your hard earned cash. If the house has been for sale for a year or more, take your time before rushing in, another week or two isn't going to make any difference.
Ask an independent builder to go and have a look at it for you, before you buy. Not the one recommended by the Agents.
Why is a builder / house surveyor saying all this, when i rely on doing refurb's for an income. Because i have a conscience and have to deal with the hurt and disappointment of the people concerned.
Anyway Happy house hunting and be careful.