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Prosperous soul, mortgage neutrality & creativity Year 2

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  • savingholmes
    savingholmes Posts: 28,986 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Thanks Starlight and Merlin. 

    Even though it's a 4 bed too - it's smaller than this house - however I don't really need/use all the space I have here. It's a split level house with just one level at the front visible but two at the back and side.

    On my wish list if I bought yesterday's valley property in order of priority would be:
    1. External door on the ground floor - there are none currently!  From a safety and enjoyment point of view I'd want one or more. This would be the top priority. I'm not sure whether I would then also need to allow for a step down. Say £2K per set of doors. That's like to involve moving the radiators so would also need to factor that in.
    2. The kitchen is very brown - my least favourite colour. My first step would be to replace the tiles with something more modern. The cupboards were beech laminate and seemed in good condition. It might not be my first choice but would do for now.
    3. Ideally an ensuite - although if there's only me living there - there's no rush for that. That could be £10K just there... I think there's space as they've used the downstairs hallway for storage cupboards and wasted a lot of space. There is a separate cloakroom already that looked modern on the main floor. 
    4. I'd have to look at the flooring of the property too. 
    5. A lot of the rooms are wallpapered - it's all tastefully and neutrally done - so would be something I might tackle longer term rather than initially.
    6. Again some of the ceiling has rough artex - I've a slight concern re possible asbestos. Either way longer term I might want to get that smooth.
    7. Convert the garage - it's huge - runs the full depth of the property and already has two windows in it. 
    8. Find a way to add balconies to one or more rooms to maximise enjoyment of the views. That could mean that I need 4 sets of patio doors... I'm thinking - one as part of converting the garage and one set at the dining area end.
    9. It has a coloured bathroom suite which dates it - and its peach - not my favourite but it does the job. They put in a double shower which is positive. 
    If this was going to be my 'forever' home or close to it - it would be worth doing it once and doing it right. 
    1. Plant an apple tree
    2. Put in some form of water feature even if its small.
    I'd be tempted to get a quote for the lot and then decide what to do & when. It looks like I'd need planning permission for the balconies but hopefully not for the rest. There isn't room to extend the property as such - but the balconies would give more usable space at the main living level - but would extend above a flagged path so shouldn't harm what's underneath.

    My one concern about the property is the garden isn't very deep and backs onto the main road. It's kind of higher than the main road though as there's some kind of bank. It seems to have been built late 70s so not sure what that will throw up.

    If I stayed here there are a list of upgrades I should get to at some point.

    I've no idea which way it orientates and whether solar panels would be an option - but I'd consider them.

    Anyone got a money tree?

    Right - best quickly throw some clothes on and start work!!
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • savingholmes
    savingholmes Posts: 28,986 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Not heard anything back. It has just been hailing and thundering here. I'm due out with a friend tonight so need to get ready for that.

    I really hope that house works out - but if it doesn't at least I have a clearer picture of what I'm looking for. I had such a sense of homecoming though just driving up to it I'll be gutted if it doesn't work out.
    Achieve FIRE/Mortgage Neutrality in 2030
    1) MFW Nov 21 £202K now £174.8K Equity 32.77%
    2) £1.6K Net savings after CCs 14/8/25
    3) Mortgage neutral by 06/30 (AVC £25.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.1/£127.5K target 24.4% 15/8/25
    4) FI Age 60 income target £16.5/30K 55.1%
    5) SIPP £4.8K updated 29/7/25
  • It's early in the negotiation SH.... I read it as a good sign that they haven't said no straight away. Have a good evening! 
  • SandyShores
    SandyShores Posts: 1,973 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    Really exciting!
    "Think of many things, do one"
    Mortgage 30 Aug'25 est. £209,500 £309,749 2020 (current ends 2038)
    Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga 

  • Blackcats
    Blackcats Posts: 3,907 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Very exciting.  I hope you hear some news soon.  
  • beanielou
    beanielou Posts: 95,697 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Wow.  Things are moving quickly.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • lucielle
    lucielle Posts: 11,518 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Keeping everything crossed. 
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
  • LeighofMar
    LeighofMar Posts: 672 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    The property and the local amenities sound amazing. I hope things work out in your favor.
    Mortgage start date Dec 2015 - $64,655.00
    Mortgage end date Dec 2045 - NOT!!!!
    Mortgage balance  - $4600.00
    Business Savings $43,310/100k
    Hope to be mortgage-free by end of 2023 
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