FTB- Moving in expectations

Sicily1991

Fire_Fox wrote: »

Expect your property and garden to be as you saw it or worse. That is common sense not the benefit of experience.

Why would a tenant who has moved on and does not know you want to clean or repair YOUR house? Why would a vendor who has sold up and does not know you want to clean or repair YOUR house?Hi there, I wouldn't expect anyone to repair 'my' house however I've always been expected to leave a rental property in good condition before I left so I do not think it's insane to expect different in this situation?

They will be sorting out their own sh11.

YOU will be responsible for everything at all times from the day you complete. regardless of how skint you are, regardless how sick you are, regardless how long your commute is, regardless if you lose your job.

You need several months mortgage payments in a savings account FROM DAY ONE. There are NO state benefits for many months now, even after months it is only a loan towards interest.I agree that would be an ideal position however I know several friends who have bought with very little left over at completion day. In my own circumstances I am looking at properties well below my max budget so that my mortgage repayments will be nearly half of my current rent and I currently save c. £1k per month albeit with no household bills to pay so given this, one month of savings will be enough to cover more than 2 months of mortgage repayments with the properties I am looking at now. I wouldn't expect everyone to have a rainy day fund especially if there are immediate expenses such as furniture or refurbishing costs which need doing. I do have a family who can help in times of emergency however I will also be saving every month which will grow month on month to cover any expensive and unexpected costs- which I do expect at some point with buying an old house!

Buy a one bedroom flat or rent for much longer if you don't have a 'rainy day fund'.

I am being harsh to open your eyes: home ownership is stressful, expensive stuff breaks down or leaks at the worst possible time, you can do everything right on paper and still LOSE money when the market stagnates.

I genuinely hope nothing bad happens, but honestly every homeowner has a horror story at some point.



Spend some quality time with the 'advanced search' function reading a year or two of FTB threads on this sub. Every horror story or naive mistake covered.

Also have a full structural survey done.

HTH.

Yes I'll definitely be getting one of those

PuzzledDave

You have a big focus on day one. The house will hopefully be yours for many years, possibly decades. If not dog poo in the garden, there might be some serious mould somewhere behind a bookshelf, there might be a family of mice at the foot of the garden.

All these things are solved easily and will be forgotten in a very short length of time even if they are unpleasent in the VERY short term. Concentrate on the things that will cost real money to put right: The state of the roof/electrics/boiler -- not the things that can be fixed by hiring a cleaner for a couple of days or a trip the local charity shop to buy some white goods.

Look at the neighbours, do they seem to look after their home ? Go there at 11pm on a Friday night -- are they having a loud party ? Neighbour issues could cost you way more than any of the above.