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Nice, modern flat in a posh area or semi detached in a decent area

Same price, what would you go for?

This will be my first home.
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Comments

  • I_have_spoken
    I_have_spoken Posts: 5,051 Forumite
    edited 18 August 2013 at 10:05PM
    Semi, esp. where the stairs are either side of the party wall.
  • lvm
    lvm Posts: 1,544 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Semi gets the vote from me too.

    But you'll need to think about costs for semi above a flat. You'll probably have outside ground/garden to maintain yourself (as opposed to factors/leases or the like for flats...in my experience anyway!) and energy bills probably higher as no-one downstairs who has heat rising to your property.
  • ACG
    ACG Posts: 24,979 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    House every time. After living in a pub for 4 years and now buying a house i realise how important a garden is.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • A freehold over a leasehold every time, even if it is in a less-desirable area.
  • Mobeer
    Mobeer Posts: 1,851 Forumite
    Part of the Furniture 1,000 Posts Academoney Grad Photogenic
    If you want outside space then the semi, otherwise the flat.
  • bouicca21
    bouicca21 Posts: 6,780 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    How important is the area and its facilities to your life style? How is your lifestyle likely to change in the medium to long term? Presumably there is more space in the semi? How important is that?

    Then of course there is the question of running costs and maintenance. What are the provisions for increases in ground rent and buildings/ service charge for the flat? Is the house in good nick or is it likely to need a new roof, gutters, damp course etc in the near future? Does the flat have good storage - lots don't and you really do need somewhere to put the ironing board/vacuum cleaner/mop/ etc

    What effect would location have on your commuting costs?
  • calicocat
    calicocat Posts: 5,698 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Chutzpah Haggler
    I've just had this choice. I went for the semi as decided that if it was going to be forever I wanted my own bit of garden as was sick of being in a flat. A bit of garden I could call home was in the end my priority after looking around for nearly a year.
    Yep...still at it, working out how to retire early.:D....... Going to have to rethink that scenario as have been screwed over by the company. A work in progress.
  • tanith
    tanith Posts: 8,091 Forumite
    Part of the Furniture Combo Breaker
    I'd go for the semi every time.. you can't be a bit of your own outside space .
    #6 of the SKI-ers Club :j

    "All that is necessary for evil to triumph is for good men to do nothing" Edmund Burke
  • curedham
    curedham Posts: 64 Forumite
    Depending what you want and the area. I would choose the Semi if the area suits.

    Similarly earlier this year we had the option of a flat or a terrace. The flat is in a more expensive area and slightly closer to central London, the terrace is less so but still in a very nice location. So we went with the terrace.
  • Paully232000
    Paully232000 Posts: 2,108 Forumite
    I would say it also depends on what your lifestyle is, for instance are you married, with children.

    My fist flat when there were just two of us was the same price as our first home give or take a few £K. As we didn't have children at first we chose the flat in the posh area. Then when we were thinking about having children and settling down etc we moved to a semi in a decent area for more space, gardens, quiet road for children to play in, ease of getting pram in and out.
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