Bought house and regretting it

RelievedSheff

Crashy_Time said:

RelievedSheff said:

Crashy_Time said:

Scotbot said:

I still don't  like my house 4 yrs after purchasing it. It is a head house, I needed somewhere to live after moving back from overseas. If I had rented it would have cost me around 75K whilst the house has gone up in value by about 60k. A no brainer financially. 

Of course to realise that "value" you would have to sell it, why would anyone pay you over the odds for a house that you don`t even like!

Who says the price is "over the odds?"

It is boosted by the SDH and zero rates, hard to sensibly argue against that IMO.

If that were the case surely house prices would have slowed down or reversed after the Stamp duty holiday ended?

Splatfoot

I cried for a week when we bought the house we're in now. It wasn't the amount of work, I just didn't feel it was right and I was miserable. Now? 8 months in, I love it. 

Scotbot

Crashy_Time said:

Scotbot said:

Crashy_Time said:

Scotbot said:

I still don't  like my house 4 yrs after purchasing it. It is a head house, I needed somewhere to live after moving back from overseas. If I had rented it would have cost me around 75K whilst the house has gone up in value by about 60k. A no brainer financially. 

Of course to realise that "value" you would have to sell it, why would anyone pay you over the odds for a house that you don`t even like!

Because of where it is. Walking distance to two Ofsted outstanding primary schools and 1 ouststanding secondary..  Of no interest to me as I don't have school aged kids but properties here sell very quickly.  Get leafleted by buyers and agents regularly. As they say location,  location, location. 

So you have no compelling reason to be there and you don`t like the house? Seems strange to me that the 60k that you think it has earned you is more important to you than actually enjoying the house!

I do have a compelling reason to be in that location but it has no effect on house prices, proximity to ageing parent. When they move on so will I

Crashy_Time

IMO some people that stretched themselves to get near a "good school" may take a hit if mortgage rates rise.

RelievedSheff

Crashy_Time said:

IMO some people that stretched themselves to get near a "good school" may take a hit if mortgage rates rise.

Well we all know where your opinions have gotten you.  

Sunsaru

Crashy_Time said:

IMO some people that stretched themselves to get near a "good school" may take a hit if mortgage rates rise.

And that is a sacrifice some people are willing to take.

happyandcontented

Crashy_Time said:

Scotbot said:

I still don't  like my house 4 yrs after purchasing it. It is a head house, I needed somewhere to live after moving back from overseas. If I had rented it would have cost me around 75K whilst the house has gone up in value by about 60k. A no brainer financially. 

Of course to realise that "value" you would have to sell it, why would anyone pay you over the odds for a house that you don`t even like!

That is a bit of a silly comment. What one person dislikes, another may love. Horses for courses!

RelievedSheff

Crashy_Time said:

IMO some people that stretched themselves to get near a "good school" may take a hit if mortgage rates rise.

Mortgages in the UK are stress tested to ensure that the applicants can manage a rise in rates.

Newnoel

You've not given yourself any time to settle in.

Things will look very different once the winter winds and the current wave of Covid is out of the way.

In the meantime, sit back and enjoy the double digit price rises that UK housing is currently experiencing.

aoleks

how about you do a few things in and around the house?

get a mirror, buy a new bin, install a new showerhead, get some curtains, blinds or a new bedside table. paint one wall (feature wall), do some maintenance on the windows (tighten the screws, lubricate the hinges, give them a good clean).

just add your touch to it and it'll feel more and more like home.