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First purchase - go for flat or stretch to a house?

TDH_91 · 2020-07-31 20:40:38

Age 26, currently considering going for a flat or stretching to a house. I can purchase up around £420k with a 15% deposit. In the areas I'm interested, flats go for between 300-375k. Houses start at 390k in bad areas, but in equivalent decent areas they will be at least 400k for a 2 bed and 3 beds will be around 420k…

Comments

RelievedSheff Posts: 12,960 Forumite

7 August 2020 at 8:40AM

To the OP we would always choose a house over a flat. Living in a flat has never held any appeal for us, far too many neighbours and communal areas. We have always liked having our own front door, which might sound naff but that's just what we like, our own outside space, which has become even more important this year, and having the freedom to change what we want about a property without having to involve leasholders and other third parties.

A house is more likely to provide you with a long term home than a flat. The costs of moving are now very high so don't under estimate the importance of picking a property that has the potential to become a more long term home.

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