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FTB - Should you stretch to buy the best available?
MMG
Posts: 97 Forumite
Hi there,
Myself and my partner are currently looking around at homes as first time buyers.
Have been looking at properties in and around the 200k mark which are nice, and seem to have no major downsides.
However, I've seen a new house in a fantastic location, 4 beds, 2000 sq ft, garage. It's up for £270k and there isnt much negociation to be had on this.
It seems that the difference will be approx £250 - £300 a month mortgage wise between the houses we were looking at, and the one I'm mentioning now. At the most expensive end of the spectrum, it would still leave us approximately £1000 "disposable" income to share between us.
Is it worth stretching yourself for a fantastic property? I honestly could see the house being suitable for at least 15-20 years in advance.
Myself and my partner are currently looking around at homes as first time buyers.
Have been looking at properties in and around the 200k mark which are nice, and seem to have no major downsides.
However, I've seen a new house in a fantastic location, 4 beds, 2000 sq ft, garage. It's up for £270k and there isnt much negociation to be had on this.
It seems that the difference will be approx £250 - £300 a month mortgage wise between the houses we were looking at, and the one I'm mentioning now. At the most expensive end of the spectrum, it would still leave us approximately £1000 "disposable" income to share between us.
Is it worth stretching yourself for a fantastic property? I honestly could see the house being suitable for at least 15-20 years in advance.
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Posted in wrong forum, sorry!
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