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2 bed terrace or 2 bed apartment

LOliverB
LOliverB Posts: 26 Forumite
in House buying, renting & selling
Would like to get others views , I am buying a property for me and my 5 year old son. I am undecided between a 2 bed modern ground floor apartment , next to a train station , nice village. Or a fixer upper terrace cottage (comestic really) in a nice village , transport links ok just.
Both same price - is it always better to buy a house over a flat ?
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Comments

  • zagubov
    zagubov Posts: 17,978 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 10 October 2019 at 11:42PM
    LOliverB wrote: »
    Would like to get others views , I am buying a property for me and my 5 year old son. I am undecided between a 2 bed modern ground floor apartment , next to a train station , nice village. Or a fixer upper terrace cottage (comestic really) in a nice village , transport links ok just.
    Both same price - is it always better to buy a house over a flat ?

    Are you in England or Wales? If so, the terraced house wins hands down if it's freehold. Plus has it got parking, a garden?

    The apartment would be leasehold with all the potential complications and if your upstairs neighbours are noisy, it would be miserable.
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
  • Doozergirl
    Doozergirl Posts: 34,082 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Freehold house, every time.
    Everything that is supposed to be in heaven is already here on earth.
  • bouicca21
    bouicca21 Posts: 6,805 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Which one has a garden where children can play?
  • kinger101
    kinger101 Posts: 6,790 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I'd say house as;

    (a) freehold rather than leasehold;
    (b) usually more space;
    (c) garden;
    (d) neighbours in two directions, not three (for groundfloor). Upstairs neighbours are a frequent source of issues from posts on this forum.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • hazyjo
    hazyjo Posts: 15,476 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    House for me, even if it had compromises over the flat.
    2024 wins: *must start comping again!*
  • Marvel1
    Marvel1 Posts: 7,546 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The house for me.
  • LOliverB
    LOliverB Posts: 26 Forumite
    Thanks everyone - yes house has a small garden and is a freehold. Think I’m better opting for that
  • ethank
    ethank Posts: 2,197 Forumite
    Holiday Haggler I've been Money Tipped!
    Freehold house, everytime.
  • zagubov
    zagubov Posts: 17,978 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 10 October 2019 at 11:47PM
    LOliverB wrote: »
    Thanks everyone - yes house has a small garden and is a freehold. Think I’m better opting for that

    I reckon you'll also find it easier to sell it when you come to move on. Plus maybe having the ability to extend the house.

    Which would feel better than having the need to extend the leasehold.
    There is no honour to be had in not knowing a thing that can be known - Danny Baker
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    House. Fewer rules imposed by others.
    Freehold = you decide if work needs to be done, when, by whom, at what price -v- leasehold where you're told to cough up for a hefty price on something you don't care a tinker's cuss about :)
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