To rent or to buy?

Elle_Coco

I'm a FTB and am waiting on the sale of my parent's home in order to have a deposit.

A house we loved but was a little on the pricey side has been withdrawn from the market for sale and is now on to let. Its empty and is a victorian detached that has been tastefully restored by a developer. Its rental price is great and it got me thinking...

Should I be renting for at least a year to wait to see what the market does? Rather than buy the minute I have a deposit? I hadn't really considered renting (didn't fancy renting an apartment and not many decent rental houses come up in my area) until the EA told us the house was now To Let.

Any opinions?

Geenie

Renting would give you a trial run of a house you are considering buying, so I would think it is worth considering, as you may realise it is not for you after 6 months

Don't loose sight of the fact that it was priced to get the maximum profit by the developers when for sale, and all of the flash stuff inside will loose value and not be so interesting to future buyers. Fashions change very quickly. Decking is a no no around here now, and people are taking it up!

Forgot laminate flooring as well. Putting a lot of people off now.

TroJon

Geenie wrote: »

Renting would give you a trial run of a house you are considering buying, so I would think it is worth considering, as you may realise it is not for you after 6 months

Don't loose sight of the fact that it was priced to get the maximum profit by the developers when for sale, and all of the flash stuff inside will loose value and not be so interesting to future buyers. Fashions change very quickly. Decking is a no no around here now, and people are taking it up!

Forgot laminate flooring as well. Putting a lot of people off now.

Decking as in wooden decking outside back garden etc?

Also, what would people not want laminate? What I mean is, what are they replacing it with? I've been in places with carpet, marble/slate and laminate flooring, and to be honest, don't mind any of them, but I would put laminate above carpet still...

Geenie

Yep, decking outside. I have seen people taking it up recently to plant grass or put stone patio areas. It is all about fads I suppose and having too much around. B&Q have a lot to answer for!

Laminate flooring is OK in a new place, but many older properties look dreadful unless it is good quality and looks like decent floorboards.

I am not saying it is all bad, just going by comments on house things which I follow.

Sometimes being different and traditional is what people crave, not following the latest must have.