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Bad Move Or Good Move
wuzzbert
Posts: 54 Forumite
I am a single person and live in a 3 bedroom semi. I want to move to a smaller cheaper property but in doing this am i in effect taking some money out of what is up to now a very sound investment?
I dont really need the money I just think its a waste living in such a big house for just me!! What should I do? Would moving to a smaller similar priced property in a better area a smart move to keep my money invested?
I dont really need the money I just think its a waste living in such a big house for just me!! What should I do? Would moving to a smaller similar priced property in a better area a smart move to keep my money invested?
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Comments
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Why bother moving? You will have to pay various costs, legal, stamp duty (maybe), estate agent, survey etc etc and have to go through the often painful process of selling your place and buying another only to find in future that you do need a bigger house and have to go through the same costly and painful process again. Also, don't think of your home as an investment, it's not real money until you no longer need somewhere to live.0
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