Bought the house ... now what?

Vincent.waldorf

[FONT=&quot]Hi All,

This is not the usual post but it’s somewhat linked, by way of background:[/FONT]

• [FONT=&quot]I am on the wrong side of 25 but I managed to buy a property before the boom and it has increased significantly in value and to a level which is actually unaffordable[/FONT]
• [FONT=&quot]I work in finance and am making an ok salary and can comfortable afford my mortgage[/FONT]
• [FONT=&quot]The house is 2 bedrooms and I still live with my family in our family home. my mortgage will be about 20% of my monthly salary but it could be <10% if I rent a room out[/FONT]
• [FONT=&quot]I currently rent out my house but due to my age (getting to the age where I should be looking to move out and building my own life) and the change in the tax rules it’s no longer as economical for me pay taxes but rather for me to move into it and rent a room out[/FONT]
• [FONT=&quot]If I move out I want to live with a friend rather than a stranger[/FONT]
• [FONT=&quot]my heart is telling me to leave and experience something new but my brain is telling me to stay and live at home[/FONT]
• [FONT=&quot]I am worried about being lonely living in my own home and having a roomie that I don’t get along with [/FONT]

[FONT=&quot]I guess I wanted to ask if anyone else felt like this and what did you do? Should I take the leap of faith? I am also single and I originally planned to move out when I had a GF ... some friends have commented that I am not as outgoing because I am living at home, I would be more outgoing if I lived by myself..[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Thanks in advance for any comments,[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Regards and confused, [/FONT]
[FONT=&quot]Vincent[/FONT]

ruelle

i've not experienced this as i couldn't wait to get away from my family home but it sounds like you're just worried about change. follow your heart! you could end up with a terrible roomie but you could also end up with a new friend. and if you really don't like them, find another one.

and if you hate living on your own then you can always move back with your parents. they won't be going anywhere!

Gigervamp

I think you should move out, you can't stay molly coddled for ever.

You said yourself you're the wrong side of 25. Don't you think any future girlfriend will think it a little strange that a man of your age is still living with his mum and dad, despite having a house of his own? I know I would. Also, she'd probably prefer the privacy if you were living in your own place. It's very off putting trying to be intimate, knowing the parents are in the room next door.

It's time to grow up and learn to stand on your own two feet. Any chance of one of your friends moving in?
If not, just try it on your own. You never know, you might find you like it!

Time to spread those wings.

squeeks

Sounds like you purchased a house purely as an investment vehicle.

Personally I would be living in the house or looking to buy/rent somewhere to live in, but we are all different.

When you say the mortgage is 20% of your income is that as a BTL interest only jobbie or what the repayment mortgage would be if you lived there?

My other half didn't like having an empty house, so when he was single he had friends regularly come over to the point that one of their PC's was a permanent fixture due to having better broadband....

If having a house to yourself really is outside of your comfort zone, and you want to leave home, there are communal living options out there as well - http://www.diggersanddreamers.org.uk

suki1964

I would suggest moving into the house by yourself at first

Single living is great as you learn to be self reliant I lived on my own for 4 years aged 22-26. I won't lie, I did sometimes feel pretty lonely but at the same time I learned to cope. Nowadays I'm more then happy to be home alone which was handy for all the years my husband worked away from home

Give it a try. You might find that you love it and stay with single living till you meet that special one, or you might hate it, then you still have the option of sharing

KRB2725

I think it is really important to be able to live by yourself. I certainly will strongly encourage my children to do it for a period in their lives. Being able to be on your own and know that you can cook, clean, maintain and entertain yourself and a property gives you confidence & independence.

Polaris49

If you think its a bit too much plunging into it why not try moving in part time to start with? Dont forget if its your place any lodgers you get, its up to you if they stay or not, so if you don't get on just find another to replace them

kinger101

vincent.waldorf wrote: »

[FONT=&quot]Hi All,


[*][FONT=&quot]If I move out I want to live with a friend rather than a stranger[/FONT]

[*][FONT=&quot]I am worried about being lonely living in my own home and having a roomie that I don’t get along with :

You might find out your friend has habits you cannot put up with.

If whoever you live with is a lodger rather than a tenant, it's easy to get them out at short notice (unless you write something silly an an agreement saying otherwise).

If you do go for a friend, pick one you you isn't going to annoy you, and who is solvent.