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  • FIRST POST
    • Mortgage Moog
    • By Mortgage Moog 13th Oct 16, 12:20 PM
    • 144Posts
    • 31Thanks
    Mortgage Moog
    How long did you/will you spend in your first home?
    • #1
    • 13th Oct 16, 12:20 PM
    How long did you/will you spend in your first home? 13th Oct 16 at 12:20 PM
    Having recently bought my first home I find there's an interesting split between people who buy cheap to move on within a few months/years and those that aim high to get the place they want right from the start.

    How long did you spend in your first property? Has anyone moved on to their second and regretted leaving the first? I'd be interested to hear everyone's stories.
Page 1
    • Rain Shadow
    • By Rain Shadow 13th Oct 16, 12:24 PM
    • 1,430 Posts
    • 2,608 Thanks
    Rain Shadow
    • #2
    • 13th Oct 16, 12:24 PM
    • #2
    • 13th Oct 16, 12:24 PM
    Exactly 5 years in my first house, bought what we could afford. Moved to a much bigger house in a better area because we could afford it. That was in the 80s
    Last edited by Rain Shadow; 13-10-2016 at 12:27 PM.
    • worried jim
    • By worried jim 13th Oct 16, 12:27 PM
    • 7,691 Posts
    • 11,350 Thanks
    worried jim
    • #3
    • 13th Oct 16, 12:27 PM
    • #3
    • 13th Oct 16, 12:27 PM
    Never even moved in! Rented it out for two years, doubled my money and then invested on the south coast- been here now for 13 years.
    • Poppy3008
    • By Poppy3008 13th Oct 16, 12:27 PM
    • 54 Posts
    • 326 Thanks
    Poppy3008
    • #4
    • 13th Oct 16, 12:27 PM
    • #4
    • 13th Oct 16, 12:27 PM
    I lived in my flat for about 3 years- only moved out (rented the flat out) as my husband is in the army and it made sense to have an army rented house over a flat. I loved my flat and it was purely the financial sense it made moving which made me do it - I loved that flat! It was perfect for me and I still rent it out.


    We have just moved into our first owned-together home but due to always moving every 2 years - I'll feel lucky if I live here for 2 years before moving and renting it out!! I cannot relax and think we will be here longer than that. Should find out next year though.
    • Mortgage Moog
    • By Mortgage Moog 13th Oct 16, 12:29 PM
    • 144 Posts
    • 31 Thanks
    Mortgage Moog
    • #5
    • 13th Oct 16, 12:29 PM
    • #5
    • 13th Oct 16, 12:29 PM
    Never even moved in! Rented it out for two years, doubled my money and then invested on the south coast- been here now for 13 years.
    Originally posted by worried jim
    Where did you live while renting it out?
    • SuzieSue
    • By SuzieSue 13th Oct 16, 12:31 PM
    • 3,317 Posts
    • 3,669 Thanks
    SuzieSue
    • #6
    • 13th Oct 16, 12:31 PM
    • #6
    • 13th Oct 16, 12:31 PM
    19 years and still here. I wanted to by my forever house and as I knew I would not be having children I only had to think about my and my partner's needs.
    • tiger eyes
    • By tiger eyes 13th Oct 16, 12:43 PM
    • 922 Posts
    • 2,330 Thanks
    tiger eyes
    • #7
    • 13th Oct 16, 12:43 PM
    • #7
    • 13th Oct 16, 12:43 PM
    I've been in my flat a bit more than a year. My plan is to stay until I can afford a house.
    • chelseablue
    • By chelseablue 13th Oct 16, 12:51 PM
    • 1,850 Posts
    • 2,357 Thanks
    chelseablue
    • #8
    • 13th Oct 16, 12:51 PM
    • #8
    • 13th Oct 16, 12:51 PM
    I purchased a 2 bed flat in August 2010 and sold it in February this year, so was there 5 and a half years


    Moved to a 3 bed house


    Looking to live here about 5-8 years and move again
    Probably still a 3 bed but I want a detached and a en-suite bathroom eventually
    Then Im done with moving
    Baby Boy born May 2014

    Mortgage starting balance 26.02.16 £231,294
    • SuzieSue
    • By SuzieSue 13th Oct 16, 12:55 PM
    • 3,317 Posts
    • 3,669 Thanks
    SuzieSue
    • #9
    • 13th Oct 16, 12:55 PM
    • #9
    • 13th Oct 16, 12:55 PM


    Probably still a 3 bed but I want a detached and a en-suite bathroom eventually
    Originally posted by chelseablue
    Yes those were my essentials too. An ensuite becomes important as you get older.
    • richard2511
    • By richard2511 13th Oct 16, 12:57 PM
    • 42 Posts
    • 28 Thanks
    richard2511
    Bought 3 bed semi 5 years ago, sold this summer for 40k more. Now moving to a 4 bed detached with an 85% mortgage. We never planned on selling up after 5 years, but with the equity we built up we thought the time was right.
    • chelseablue
    • By chelseablue 13th Oct 16, 12:58 PM
    • 1,850 Posts
    • 2,357 Thanks
    chelseablue
    Yes those were my essentials too. An ensuite becomes important as you get older.
    Originally posted by SuzieSue
    In my house its me, partner and 2 year old son


    Me and partner both jostle for the bathroom in the morning to get ready for work now, so when our son is a teenager/adult it'll be 3 people fighting for one bathroom
    Baby Boy born May 2014

    Mortgage starting balance 26.02.16 £231,294
    • GBR78
    • By GBR78 13th Oct 16, 1:00 PM
    • 25 Posts
    • 29 Thanks
    GBR78
    First house (2-bed Victorian terrace) we stayed in for about 4 years. For me it was never 'home', just a house. Current house (3-bed 30's detached) we've now been in for just over 8 years. It was a plan to be here at least 10, but probably for many many years more, but our thoughts about what we want in life have changed. We now want the ability for our daughter to play out with her school friends etc, which we just wouldn't feel safe doing on the main road that we live on. We're now looking at a new build on the edge of an estate up the road.....completely against what either of us have ever wanted in the past! Chances are we will stay there for 10-15 years and then, if anything, downsize to another character property....although it could well be a longer term than that.
    • benten69
    • By benten69 13th Oct 16, 1:00 PM
    • 226 Posts
    • 1,243 Thanks
    benten69
    I just got my place last year. Had everything I wanted (area I wanted, big garage, nice garden, etc) apart from the fact it is a 2-bed instead of a 3-bed. Not much of an issue right now, but if I ever had kids, the current spare room / study would be no more. So need another room some point down the line.

    I hope that in a few years I will have overpaid a fair bit and saved up even more, so I can look at moving onto the next place. Also, this place is all mine, obviously if I move to get a bigger place for kids I'll have a partner who can contribute also.
    SPC9 #408 - £200.39 | SPC10 #408 - £95.69
    3-6 Month Emergency Fund Challenge #62 - 53% Complete
    Mortgage Sept '15: £161,250 | Oct '16: £157,050.37

    • phoebe1989seb
    • By phoebe1989seb 13th Oct 16, 1:26 PM
    • 2,929 Posts
    • 6,080 Thanks
    phoebe1989seb
    First home was a one-bed Victorian mansion-type flat overlooking the sea on the south coast. We were there two years before selling it and buying a three-bed Victorian terraced house slightly further inland. We moved from flat to house when DS was six weeks old. There have been several other houses since then, the largest a six-bed Victorian 'villa' where we spent the longest time - ten years.

    Current house - four-bed detached Victorian/Arts & Crafts with large garden - is a downsize from our previous houses, but still of a reasonable size as DH and I like our own space. We purchased it in December 2014 and will probably be selling up next year when we've completed the restoration works
    Last edited by phoebe1989seb; 13-10-2016 at 2:18 PM. Reason: Clarification.....
    Paid off mortgage early - mortgage-free since age 40 (2007)

    Over £40,000 mis-sold PPI reclaimed
    • firebird082
    • By firebird082 13th Oct 16, 1:27 PM
    • 389 Posts
    • 345 Thanks
    firebird082
    Bought our first house (2 bed terrace) 2 years ago. Like the area, love the garden, so now can't consider selling as I've put too much effort into making the garden fabulous! We plan to extend to make it suitable for us + children. Luckily this is an option, as we were aware that it was when we were buying.
    • Bossypants
    • By Bossypants 13th Oct 16, 1:35 PM
    • 398 Posts
    • 723 Thanks
    Bossypants
    Three years in my first house. I would have stayed but I needed to leave the area for work and personal reasons. I bought a flat, which I've been in my current flat a year and hate, so I have thrown in the towel and am moving again in November, to what I hope will be my forever home.
    Mortgage Overpayment Aim - £20,000 in 2016
    Progress: £1/20,000
    • cjdavies
    • By cjdavies 13th Oct 16, 1:55 PM
    • 1,733 Posts
    • 1,420 Thanks
    cjdavies
    9 years next month, all I could afford, would love too but cannot afford to move on.
    • lcfcstephen
    • By lcfcstephen 13th Oct 16, 2:04 PM
    • 102 Posts
    • 53 Thanks
    lcfcstephen
    I have just bought a 2 bed house and like others am planning to move in probably around five years. But depends on factors like children and money. We will definitely move at some point if all goes to plan. And will probably wait at least five years to build up enough equity - especially with getting a help to buy loan to help borrow enough to be able to borrow (despite a sizeable deposit). I would hope that the next house is a 10-15-20 year house if not a forever house, but not sure that will be possibly. Though five years is a long time!
    Mortgage Debt £65,978.70 as of 1st December
    Help to Buy Equity Loan Debt £26,799
    Total Debt: £92,777.70 of £133,995 two bed house
    • chelseablue
    • By chelseablue 13th Oct 16, 2:07 PM
    • 1,850 Posts
    • 2,357 Thanks
    chelseablue
    Looking around at property where we are a 3 bed semi to a 3 bed detached isn't that big of a jump in price


    Its if you want a 4 bed detached that it becomes a lot more expensive
    Baby Boy born May 2014

    Mortgage starting balance 26.02.16 £231,294
    • ap1985
    • By ap1985 13th Oct 16, 2:08 PM
    • 265 Posts
    • 106 Thanks
    ap1985
    I am in the process of buying my house. However, I aim to stay there for around 10 years at least before moving on...I want to have children so I am sure when that time comes and they grow older my husband and I will need a bigger house
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