How to get over buyer's remorse?

Mortgage_Moog

Planet Switzerland, I look at the place I'm in now (my first bought property) as a stepping stone. It's great and I would be happy to stay here for 2 or 3 years if needed but I wouldn't want to settle in this area forever.

It is a big jump to get on the ladder and although you can't expect too much for your first place I wouldn't set your standards too low. I only viewed two places in person but looked at many online. The difference between the one I was going to buy and the one I ended up buying was huge!

The first place looked great at first and was closer to where I wanted to be but then on the second viewing the bathroom had leaked, I found out it had a lot of land I didn't know about that was in very bad condition with weeds and grass that hadn't been cut for years. Music started thumping from next door...I'm so glad I didn't buy that place!

There's always going to be some sacrifice but that doesn't mean you have to settle for a dump. The way I look at it is that wherever you live you're always going to have to travel somewhere. You might be further from the tube but you'll be close to some other things, or further away from work which can be nice to help relax and not feel so close to work all the time.

Planet_Switzerland

Ok I may have been a bit melodramatic when I said a dump. Most first time buyers in London buy a one bed and its hard to get that excited about a property that size. Likewise many places in the outer parts of London are a bit dull but the appeal is the close proximity to Central London rather than the area itself. I did view several properties and it took over a year to find this one, but it is my stepping stone to buying somewhere bigger and nearer the tube station in a few years time.

Crashy_Time

Planet_Switzerland wrote: »

Ok I may have been a bit melodramatic when I said a dump. Most first time buyers in London buy a one bed and its hard to get that excited about a property that size. Likewise many places in the outer parts of London are a bit dull but the appeal is the close proximity to Central London rather than the area itself. I did view several properties and it took over a year to find this one, but it is my stepping stone to buying somewhere bigger and nearer the tube station in a few years time.

London really is paved with gold! With such lofty aspiration only a few YEARS and mega-buckets of debt away how can anyone think that the serfs of London will one day stand up and say "Enough"!