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Need words of wisdom... desperately

2»

Comments

  • Tancred
    Tancred Posts: 1,424 Forumite
    avenida wrote: »
    I have my worries about renting cause I think houses are gonna rise. I should also say the house with the parking issues is in my dream location :-) but can I get over the parking, should maybe go c it again

    Can you not get a smaller car? Do you have 4X4s?
  • Parking is unlikely to get better (if it is overcrowding/lack of space as opposed to a few antisocial individuals).
    A house with a nice garden in a nice area can always be improved.
    I guess the questions are how much work needs doing? how much work would you like to do? what has to be done before you are happy to move in? Are you prepared to live in a house while doing it up/rent for a few more months whilst you get any work done?
    How long do you intend to live in the house? Time and money now if the house is a forever house is one thing but if you only intend to stay there say 3-5 years you might not find it quite so appealing.
    df
    Making my money go further with MSE :j
    How much can I save in 2012 challenge
    75/1200 :eek:
  • avenida
    avenida Posts: 486 Forumite
    Parking is unlikely to get better (if it is overcrowding/lack of space as opposed to a few antisocial individuals).
    A house with a nice garden in a nice area can always be improved.
    I guess the questions are how much work needs doing? how much work would you like to do? what has to be done before you are happy to move in? Are you prepared to live in a house while doing it up/rent for a few more months whilst you get any work done?
    How long do you intend to live in the house? Time and money now if the house is a forever house is one thing but if you only intend to stay there say 3-5 years you might not find it quite so appealing.
    df

    We want this to be the forever home, this is what needs done:

    New Kitchen
    New Bathroom, downstairs loo and ensuite
    New doors
    New flooring and wallpaper stripping
    New spindles
    New windows
    New front and back door

    The house is not inhabitable but the groovy wallpaper and carpets would get to me after a while

    Hubby is really against the house with the bad parking so thats one to stroke off the list
  • mlz1413
    mlz1413 Posts: 3,063 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    how long will it take to do this work?
    if you can do each one as a project and complete in say 5 years, than can you live in a constantly disrupted house for that long for it to be your forever home?

    Otherwise go into rented or live with family and keep looking.
  • I'd go for the first house, if it's to be your forever home, good location, good gardens. I did the same in 1990, a 1950's house that hadn't been updated. I updated as money allowed over the years, it's surprising what you get used to, and as long as the house was secure and functioning it was OK for me. My kitchen was finally updated 3years ago, I got used to the mismatched units and horrible floor, the downstairs loo is the last thing that needs doing, unless a burgundy coloured suite comes back in fashion.
  • I_have_spoken
    I_have_spoken Posts: 5,051 Forumite
    edited 1 October 2013 at 8:27AM
    needs a lot of work done, as in modernisation, but is a good size in a gd location with good gardens etc

    Potential to add a lot of value, but can you afford the renovations and be willing to live in building site for 6 months - or string the work out over years as you save up?

    Also, how old are you? Serious DIY isn't so clever once you're past 40.
  • avenida
    avenida Posts: 486 Forumite
    Potential to add a lot of value, but can you afford the renovations and be willing to live in building site for 6 months - or string the work out over years as you save up?

    Also, how old are you? Serious DIY isn't so clever once you're past 40.

    We are both in our 30's but we are both rubbish at DIY :(

    If we can get it at 10K under the asking price, then we can put 10K into modernising to start with

    Also the couple who are selling are an elderly couple who have already moved out to an apartment last year so thats were the chain ends
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