House size - how big?

knightstyle

If interest rates went up to say 10% could you still afford it?
What would you like to be living in in 10 years time?
These are things you need to consider before buying IMO.

jimbog

bouicca21 wrote: »

If you can afford to buy it, afford to run it and you would enjoy the space then go for it. I'm newly single. I have absolutely no doubt that I need the space of a 3 bed.

I do too. One is my bedroom, the second is the guest bedroom and the third is my study

kixxb

Thanks all - given our future plans that may or may not include 1 child (no more than that). I feel the smaller 4 bed would be more than enough - it would still allow us to have 2 spare rooms - one of which would be used as a study (or we could use the dining room as we rarely sit down to a formal dinner) the other would be a guest room.

My thinking is that if we did need more room then the garage could be converted or a conservatory added (I want a largish plot to allow this and think it would still work out cheaper than buying the larger house).


The stamp duty is a real consideration - when we were originally looking in a different area, we could get the same property for £200 - £240k so 1% stamp duty. Going over the £250k threshold makes a difference to use and means we need to save for longer but would also mean the same to anyone else looking to buy a property in that area and I do think it could impact the ability to sell in future - although the plan is that this would be our forever home in the area we really want to live in. That to me is more important that having a massive house with empty rooms where you just shut the door and never use it!

Norma_Desmond

We were originally looking for a smallish 2/3 bedroom, perhaps terraced house; there's just me and DH, but ended up buying this big detatched 4 bedroom, rambling, ancient old place for a very reasonable price as it was a virtual shell.

It's still a bit of a work in progress 11 years on (:o) but it's the best thing we ever did; affordable and enormous fun to 'fill' it as we collect art and antiques.

Only downside is that we've got plenty of room for the inlaws to come and visit.

I didn't say that last bit.

getmore4less

We ended up in a modern(for the day) 4 bed to get the room sizes downstairs and have a study room.

There were very few that had double garages so limited choice in our price bracket

There were larger three beds(older) with bigger gardens(more room for sheds) but mostly on main roads so were not so keen.

kixxb

We definitely don't want to move again so will consider how much space we'll need in future.

Have found another 4 bed house type in the development which is bigger but not so huge and costly that we'd be paying for space we don't use. Won't be one ready until early next year which also suits our timescales so fingers crossed!