Really confused about what I want :(

danlightbulb

Doozergirl said:

danlightbulb said:

So with that house am I best going to view it and not telling the agent my max is £190, or do I tell them that straight away so I don't waste their time?

I think that would be prudent.  

I also think it's more of a project for you than some people think.  

It does need some work for sure. I know it all doesn't have to be done at once. I would have some money left over after purchase (assuming they sell it for £190k, and assuming I can get a 90% LTV mortgage).

Some of that money has to be used for furniture/white goods, as I don't have much (my rented place came mostly furnished). I can pick up used stuff though.

Without doubt its a lovely house, I just fear I am getting caught up in the dream again and financially it might be a poor choice.

AnotherJoe

danlightbulb said:

I try and view lots of houses that meet some of my criteria, but the ones I like are so much in demand here that often I don't even get a viewing before its sold, or I do view and there is an issue with it that really should mean the price comes down but it still sells almost immediately and I don't get chance to negotiate.

Self evidently in those cases you are incorrect about thinking the price is wrong.

AnotherJoe

danlightbulb said:

Chandler85 said:

Your car analogy is rubbish.  Basically you want a Range Rover, with heated seats, 4 wheel drive, blacked out windows and a pimped up engine and all the other mod cons.

Your budget can afford you a Suzuki Jimney.  You still get the car but not the one you want.

You are unwilling to buy a Jimney, but you can't afford a Range Rover, so are currently renting a Range Rover then complaining that you can't buy one.

It's simple, you cannot afford what you want, you will not make a compromise, I suggest you join Crashy waiting for market to correct itself and all house prices to plummet and you can buy your house.  Be warned, Crashy has been waiting a while already.

I just dont agree that what Im asking for is unreasonable. The specification I am looking for is not a luxury specification in my view, but are fundamentals. You're suggesting I compromise on the fundamentals and that is incredibly difficult to do.

It apparently is at a price you can afford, something you havent taken on board yet it seems.

danlightbulb

Thanks @AnotherJoe, and everyone else.

There's alot of fear in this I think. I am scared of making the wrong decision. There are bigger grander projects I could take on, or I could buy something smaller, less fancy, and already finished. The former risks leaving me in financial trouble, the latter holds no excitement. I think that is fundamentally the choice I have to make, but they are very different paths I could go down and I don't know which is the right one.

carefullycautious

Have you thought of tossing a coin 
If you do this and you are relieved at the outcome your decision is made
I fear this is the only option left
https://corycook.com/struggle-making-decisions-toss-a-coin/

Doozergirl

danlightbulb said:

Thanks @AnotherJoe, and everyone else.

There's alot of fear in this I think. I am scared of making the wrong decision. There are bigger grander projects I could take on, or I could buy something smaller, less fancy, and already finished. The former risks leaving me in financial trouble, the latter holds no excitement. I think that is fundamentally the choice I have to make, but they are very different paths I could go down and I don't know which is the right one.

Taking us back to mental health. 

You're paralysed by fear.  You're thinking too much.  

Tiglet2

Let's make some comparisons. 

There is £40,000 difference in asking price between the house you posted earlier in Nightingale Drive at £170,000 and the one I linked to in Foxyards Road at £210,000.  One is liveable and well within your means, the other needs work and would stretch your finances.  I think you have to make a decision over whether you want an easily affordable home that is smaller than you'd ideally like and a home which will stretch you and your finances, but is larger and could be a fabulous home in future.  Think about which one excites you and gives you that funny feeling in the pit of your stomach, provides the longevity you want as well as how the two locations stack up against one another.  Go to see both and see how you feel after the viewings.  I would be a bit vague about your affordability to be honest.  You can explain your low offer on the more expensive house by citing all the work that needs doing.

I have also spotted this, which is only slightly above your ideal price, but is a little bigger than the one in Nightingale Drive and could be a compromise between the two:

https://www.rightmove.co.uk/property-for-sale/property-85170679.html

bouicca21

So you don’t deserve a nice house that has all the features you require, and you don’t want to buy one that doesn’t tick any of your boxes.  Seriously have you listened to yourself?

AdrianC

Tiglet2 said:

I have also spotted this, which is only slightly above your ideal price, but is a little bigger than the one in Nightingale Drive and could be a compromise between the two:

https://www.rightmove.co.uk/property-for-sale/property-85170679.html

Miserable failure of the piano test.

MFWannabe

danlightbulb said:

Thanks @AnotherJoe, and everyone else.

There's alot of fear in this I think. I am scared of making the wrong decision. There are bigger grander projects I could take on, or I could buy something smaller, less fancy, and already finished. The former risks leaving me in financial trouble, the latter holds no excitement. I think that is fundamentally the choice I have to make, but they are very different paths I could go down and I don't know which is the right one.

Right okay here’s my opinion and another way of looking at the two properties: 
1) smaller less fancy, needs no work = can spend your time enjoying your hobbies, meeting friends etc (obv when possible) 
2) cheaper by a considerable amount = less mortgage and a small it needs no work leave some ability to overpay mortgage and when in a few years you decide to move on to dream house you have more equity 
3) more expensive house = Needs work doing. It’s  top of what you want to spend already. How much money will you have to realistically spend on it? Work will take up a lot of time, less time to spend on hobbies, will you be happy with that? 
4) Dont buy anything, continue to rent (wasting money) and get older with regrets at not having bought anything. Also I expect what you pay in rent is probably more then mortgage costs?