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Macgirl's "Stop Procrastinating and Get on with it" Diary
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If the intention is to get your dream house, is it absolutely necessary to hold onto the one you have already? I know you have the idea of renting it out and making it work for you in the longer term, but by selling it and using the equity (if there is any) towards the new house, you can get something bigger/better possibly, also by not having the rented property, you won't have the risk of having to pay two mortgages if you can't get tenants/business fails/lose a job/or heaven forbid more than one of those things.Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)Life begins at the end of your comfort zone (Neale Donald Walsch)0
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The intention is/was to buy a bigger house that will facilitate family life for say 5 years. Then to buy dream house. All being well, our current house would be rented out during this time and we'd hang onto it for at least another 10-15 years. All being well......
We do have a fair amount of equity, which would provide a nice deposit for a dream house now - were we to sell. I've spent the last half hour thinking maybe we should abandon this plan that was hatched;
1- before the housing boom and prices quadrupled,
2 - before we had children and life became a whole lot more serious
3 - and before OH became self-employed.
Maybe it's better to sell, forget the nest-egg notion and instead buy a home that we'll be really happy in, not have to do anything to and just be? I've worn my brain out thinking about it. I am a silly moo0 -
No, you are not a silly moo, but as you say, that was a plan that was hatched a couple of lifetimes ago, and much has changed, both of your own doing ie children, and of the economy.....
Also, although it would be nice to have a nest egg, having that property might not be the way to do it. If you sell it, it doesn't mean you can't put money away in savings, or increase pension contributions etc - all things that can easily be stopped or reduced if circumstances change.
Obviously, I don't know the facts, figures, and emotions behind it all, but sometimes compromise is key - and if the choice is stay where you are, and get frustrated by the fact that you want to be somewhere else but can't because you are in debt blah blah or to sell up and move to dream house, and pay off the debt and enjoy your space, and time with the family, then it surely has to be worthy of serious consideration.
Sometimes the ideal is just that, an ideal......the reality doesn't necessarily have to be a negative alternative!Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)Life begins at the end of your comfort zone (Neale Donald Walsch)0 -
Thanks Hypno :A
I had just got my head around selling up and moving to avoid added stress for DH. He then said he wasn't stressed, he merely wanted to go into it with eyes wide open. (where is the eye-rolling smiley when you need it)
He thinks we should stick to the original plan, then if anything bad does happen, we have something to sell and don't have to sell the family home. He thinks it's worth compromising for a few years, with a view to buying a "forever" house in a few years. I'm worn out.
I'll PM you the links for Dream and Compromise Hypno. Don't want to out myself by posting property !!!!!! on here - sorry folks!0 -
Look forward to it!!Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)Life begins at the end of your comfort zone (Neale Donald Walsch)0
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Of course Hypno likes the Dream house!
Arrghhh, I have to stop myself or I'll start driving past it every day with puppy dogs eyes. I have already imagined family Christmases. Must get a grip!
I'm attempting 9 miles in the morning :eek: So that will focus the mind0 -
Of course Hypno likes the Dream house!
Arrghhh, I have to stop myself or I'll start driving past it every day with puppy dogs eyes. I have already imagined family Christmases. Must get a grip!
I'm attempting 9 miles in the morning :eek: So that will focus the mind
OOh I want to see the dreamhouse too can I have a pm pretty please
DTxx0 -
Duly dispatched DT
!
I've just noticed that the house we don't want is Under Offer! How dare they, we haven't even arranged a viewing to decide we don't like it yet!!! The agent rang me yesterday to say the vendors were in all weekend, so I said we could view it today - now it's blinkin' well under offer. Oh well, there's a lesson that they are selling quickly, so we must get our ducks in a row.
Also, the noisy neighbours seem to have moved out :j However, that means it's empty, so a) who will move in next and b) how long will it be empty for....
When we moved in, there was only 1 rented house, now there are 5, with more further up the road. Next door but one, has been empty for 5 weeks and they have just reduced the price. Hmmmm more food for thought. My head is spinning.
No running, got up late, then the girls woke as I was getting ready, so will try and get out this evening or will have to go in the morning. I also need to get back on track diet wise, as I've let too many biscuits creep back in0 -
A lot of thinking going on. You'll do whats right, you both want the best and all this thought and discussion will stand you in good stead, its when there are no thoughts or discussions that you need to worry!
Could I see the dream house too please? Nosey lot aren't we lol0 -
Thanks KM :A
This morning whilst ironing, I had a wobble and decided we should sell, it's too much risk, too many rentals around us now, what if we are unemployed blah, blah, blah.
When DH got up I blurted out that we should sell and buy the lovely house! He (usually a very easy-going and mild mannered fellow) held his hands up and said "No!" :mad:
He told me to stop basing my decision on emotion (of course, he's right) and laid out once again his/my reasons for doing this. We've just had another hour long discussion, with me in tears that I can't seem to make a good financial decision - at my age
and him recalling stories of his childhood when his Dad's business went under and they had to sell the family home. Grim stuff.
Anyway, things are clearer now. We are going to sort the financials before we look at any more houses and go through each room here to complete the snagging list. It feels like the right thing to do.
Back to the ironing and then the Big Bank Holiday Declutter0
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