Buying my first house way larger than I need today

buglawton

Weirdly enough your plan has logic due to the perverse (dis)incentives of stamp duty. Buy high as you can the first time and you will make as few chancellor-enriching stamp duty payments as possible. But hey, he needs the cash for HS2 so donations welcome.

I bought detached 3 bed as first house while single and let rooms out to workmates for years.

MrsPorridge

I think its a great idea if you can afford it. I would easily fill those rooms up! If you do meet someone in the future, there is nothing stopping you selling the house and then buying something with your new partner.

boliston

I guess if you like the idea of 'student style' living then this could make sense and could suit a person who is used to this, although I don't think sharing would work for me.

g000444555

I think its a great idea if you can afford it. I would easily fill those rooms up! If you do meet someone in the future, there is nothing stopping you selling the house and then buying something with your new partner.

That's exactly my reasoning. If my future wife won't like it, which I doubt because by that time I will turn the house into a really nice home, we could move into another house. If that turns out to be the case, I would probably rent it out instead of selling, which would add into my income, so it's a win-win.

Marvel1

I would buy it if I can afford it, no the lodger part though, prefer living on my own.

katkatmachine

For me, if you can afford it, why not? Just make sure that you can really afford it (lol) and you have enough money for the maintenance. Oh also enough energy to clean the whole house.

getmore4less

We went 4 beds to get the space we wanted downstairs and the double garage.

Small one is computer/office room.
Being able to accommodate multiple guests with their own room can be handy.

bouicca21

I’m single and would happily live in a 4 bed house - though what I can afford is a 3 bed flat. Option to have lodgers is useful but in reality it isn’t difficult to use the space - a spare room for visitors, a study, maybe a hobby room...

Agree about the cleaner, though, but maybe that’s just because I hate housework.

Davesnave

katkatmachine wrote: »

Oh also enough energy to clean the whole house.

Not strictly necessary. Like getmore4less we have en-suite rooms for guests nowadays, but there are times when these are empty for weeks.Once clean, they stay pretty good with the windows on trickle. One of us goes in, runs the taps and flushes the loo every week, and that's it till the next "Coming down at the weekend!" arrives on Whatsapp

Crashy_Time

https://www.telegraph.co.uk/business/2020/01/05/worst-house-price-figures-60-years-would-one-best-things-could/?li_source=LI&li_medium=li-recommendation-widget