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ACCOUNTANT EXPLAINS House vs. Flat: Which Should You Buy?

Nischa 361 views

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Thank you, that was very helpful
Comment from : @rkeegan100

And what about safety? Flats is more safe cause of security in lobby and house has no security ( anyone may try to rob you
Comment from : @ForeverNils

Which one got better resale value
Comment from : @jayalakshmir919

As a lift technician I certainly agree that lift maintenance is very expensive!
Comment from : @soutv8539

Very insightful Thanks
Comment from : @mahdiebsim6560

If we are first home buyer and we wanted to buy flat what kind of flat should we buy?
Comment from : @NajmehGhoreishi-x6b

horrid axunt - what's all this 'ay ay ay ' BOLLUX?brIT'S 'A' AS IN AGO ALIVE ANEW
Comment from : @adam_meek

Don’t ask your accountant what type of property to buy!!! Ask a property expert
Comment from : @QBR1234

PersonallI would buy gold bullion Financially much better
Comment from : @JamesWilliamson-w8y

This video could've been about 30 seconds, you should NEVER buy a flat if you have the choice to buy a house, at least in England and Wales I understand that in areas like London it might be out of reach to buy even a small terraced home, but when you consider how vulnerable leaseholders are i'd rather rent than buy something you likely won't be able to offload England is one of the last western countries to have this archaic system and hopefully it will be abolished soon
Comment from : @lucasdeyton8842

Some other things to consider: there is no such thing as leasehold in Scotland If you own a flat, you own it There are still maintenance costs involved, but houses need maintenance too, including the whole building If the roof leaks on a flat,you pay a portion If a roof leaks on a house, you're responsible for the whole thing Flats will have lower capital gain, yes, but higher return in rent And finally, while you can theoretically add value to a house, it still requires planning permission, architects, engineers and builders, and most extensions do not recoup their cost in added value
Comment from : @nickscottcomposer1

"large scales is more expensive" economies of scale eh
Comment from : @tomwright9904

Thank you Nischa for the information I want full control
Comment from : @mrexpress8002

Owning the ground and charging rent for it is insanity
Comment from : @morganei6060

This video was so helpful, thank you so much I have subscribed to your channel as I think you really know what you’re saying and it just cleared all my marks🙌🏻🙌🏻🙌🏻
Comment from : @Joseph19836

Property information to keep for ever
Comment from : @yeshuaexcel3407

I think it just depends… I have a house and the rent is okayish because of the location, in Manchester City centre the apartments are brand new and around the same price but rental income would be way higher because of location and condition
Comment from : @hellyt6167

Skibidi
Comment from : @maalikserebryakov

lease hold is a joke i assume peop;e are in a illusion of owning the property dude your videos are awsome thankyou
Comment from : @bhushanshelar3753

Unless the government steps in, more houses are becoming leasehold, which in itself is a massive con Also, this video is obviously for the few people who have cash lying around, because most young people today do not have the luxury of that choice They buy what they can afford, which is not a lot in the UK!
Comment from : @aacmove

Clear direct and to the point Refreshing 😎
Comment from : @plantpot2962

Great content! Keep it coming
Comment from : @bodywisetraining2469

7:30 - we haven't got that concern in Manchester, there is no sun here
Comment from : @rumcajs009

Bought a flat in the UK as an expat because houses are just way too exposed imo barely any external barriers, anyone can just walk up to your property and see inside Very unnerving how little privacy you get on both ground floor flats and houses here
Comment from : @AB-tb7bt

Skibidi🕺🏿🦸🏿‍♂️
Comment from : @Tomik_Bobik59

Due to climate change one should reconsider letting as much sunlight into the house Over the years the cost of cooling a house will increase significantly
Comment from : @kgkertfcjhg

Thank you Nischa, as always very useful! Real estate subject is super interesting for me but I only have basic understanding of it for now brI would be grateful to see more of those videos! <3 Hello from Germany
Comment from : @alexhunter4800

More property investment videos would be appreciated please You have a great way of simplifying things other people make complicated Thank you!
Comment from : @sarahjakob4875

Please put videos on Real estate
Comment from : @MrFrenzy93

Thank you for this explanation of how leaseholds work
Comment from : @lilypudd

It's a pity many people have no idea on investing and their personal finance The system fails many Thanks for your work, Nischa!
Comment from : @ihsan6359

How about buying a flat if we can secure a co orperate tenant who gurantees a rental that covers both the monthly bond and levies whilst buying a house as an investment initially with an option that can be easily swiched to using the investment for personal use after a min of 10 years if needed for personal settlement
Comment from : @ruhanimoosa5625

More property videos please! This was very useful Thank you!
Comment from : @fatimarizvi786

Your first home should be Rental property
Comment from : @farhank8336

17/10/23
Comment from : @ankuri5192

Thanks for the valuable insight on inv in props
Comment from : @kumarsabaratnam4787

flats in uk can suck if you live in a family Often times the flat walls are just cardboard everyone can hear your conversations, they can hear your steps If unlucky, you're gonna have to deal with complaining neighbours all the time
Comment from : @UnknownUser-qq1od

That south facing garden does not work in southern hemisphere as sun goes over north side :D
Comment from : @AmandeepSinghTur

What do you think of buying a house to use for student accommodation
Comment from : @NigerianFolktalesbyNG

Loving the property videos, I have just started investing myself and appreciate you taking the time to share your knowledge Thanks 👍
Comment from : @nigebemand7124

Love the property videoa Nischa! Im selling up my house and deciding whether to buy a house or flat so this has been really useful
Comment from : @rikeshpatel1996

In Spain, if you own a flat, generaly you own a of the Lot It's not always the case but generaly that's it You can't sell the flat without the of the lot but, if the Building ever goes down you will be the owner of that lot in the determined (Many rules apply)brbrAnd also your propiety is not temporary You own the flat with no time limit and your family can inherit the flat with no time limit There are mandatory costs of maitenance and reparations but it seems like a good deal to me (Almost 67 of spaniards live in flats)
Comment from : @josepdionisserentillchaube4367

Thanks @nishcha for sharing the interesting topic I think this analysis have dependencies whether it is landed house or flat It is much appropriate to England & Wales For other countries, in terms of investment to property ladder, the complexity of governmental approval, consumer behaviour, the security, the ROI bet LH and Flatetc, need to be factored in plus the T&C of mortgage on flat & landed house is crucial
Comment from : @salvananthony2880

Don't buy flats in a blockbrA Maisonette or top floor flat in a house is differentbrno explanation of these
Comment from : @agfagaevart

Not enough information for example how long you need to live before you can extend your leasehold- didn't learn anything here
Comment from : @pinkflower1322

I don't totally agree with the maintenance cost comparison It depends on the condition of the flats or houses A house owner bear the total cost Also it's likely that leasehold will be replaced by a common hold over the next parliament also The reform is on the way, including abolishing ground rent, etc
Comment from : @KenjiIm

Why do you think that a flat would not be an asset which could increase in value?
Comment from : @alexzlopasa

Service Charge is one of the biggest scams running in the country Absolute scum agencies milk the leaseholders
Comment from : @mystichodlr993

More home ownership videos please - any advice for divorcing women buying their new home
Comment from : @tortilla402

Don't buy any f*** property! Live your life, travel as much you can!
Comment from : @FlorinMC

What you're teaching should honestly be taught in schools as a regular lesson from a young age but i've got a sense the government and companies wouldn't like most people knowing what you're teaching (not to sound like conspiracy head Lol) but I'm glad i found your channel and honestly, thanks for the videos, educating us and sharing your knowledge
Comment from : @TheTopStarz

Thank you for your wonderful presentation which is informative and helpful for a buyer to make their decision
Comment from : @aznibas

Robert Kiyosoki will disagree with you here
Comment from : @desebaaki

Thanks for the content highly helpful as always Yea, would be great to see more real estate / property videos, will be investing in property so its all valuable content Thanks for that south facing garden tip too 😊☀️💯
Comment from : @edwardkakaire7362

I decided to calapse two houses and build a block of flats
Comment from : @anthonycraig274

Please make more real estate videos!😃
Comment from : @Activ8NRG

Hey Nischa! As always great content Thanks for doing it However something you could mention that since The Leasehold Reform (Ground Rent) Act 2022 - anyone buying a new long residential leasehold property in England or Wales no longer needs to pay ground rent We have challenged it last December when we bought our first apartment We really blocked our exchange of contracts until our solicitor made sure that we would not need to pay a ground rent It was not easy and took some time but it is possible - wwwlegislationgovuk/ukpga/2022/1/contents/enacted
Comment from : @annavihrogonova1111

Whatever the hell you tell me to babe!! 🤪
Comment from : @gmshadowtraders

Are you happy, Nischa?
Comment from : @sebastianbucur5135

careful structural repaie items for homes can cost tens of thousands sometimes, but flats can cost millions to repair brthe Australian tv show "a current affair" has interviewed way too many people whose lives were ruined financially due to this
Comment from : @terryp6396

More, please Especially commercial properties
Comment from : @Ratinevo

Hi from UAE 🇦🇪 ,I can tell one general advice for real-estate investors globally, before you buy (whether apartment, house, retail, shelter or even Hut) try to consider the running costs and see the opportunity of High demand this is an ABC rule in real-estate investing
Comment from : @karimwasfy4995

Great to find your site recently! Thank you (Accounting important yet so mysterious to most of us:o!) A lot of your content still applies here (NZ)
Comment from : @cybercyber4619

Flats are way warmer and cheaper ( Gas , Electricity ) Energy rating usually B-C comparing to houses D-F
Comment from : @giger751

Buy house
Comment from : @inspiredaction1111

Stop buying properties that you will not live in There are other investments you can make that do not jeopardise the prospect of home ownership for those who need it
Comment from : @manilli_

Fortunately most people don't have this problem since they can't buy either Also don't speculate on real estate rising indefinitely More than a few economies around the world have crashed because of that Ponzi assumption Buy a house to live in, don't expect it to pay for your retirement
Comment from : @dojadog4223

@nischa - Very helpful video I watch your videos frequently and those are really helpful
Comment from : @mbb216

My eyes are open Thank you! ❤
Comment from : @Mraei0u

You might wanna bring up property buying for the expats I live the Margate, Kent Planing buy a property in Eastern part of London by next year So, if you bring a video on locations and prices etc And what are the facilities yo look forbrCheers
Comment from : @PritamDas-se9us