Regret moving 4 months in

het77

We moved 4 months ago, and dislike our new house. We never liked it, we moved for other reasons (school, family). The other reasons aren’t as strong as we thought - questioning the real difference in schooling between area we moved from, and don’t see family that much more than we used to. 

Anyway, now the market is slowing, we feel majorly stuck. Just wondering how long to give it, if we’ll ‘settle’, or if we should just cut our loses. Has anyone experience of this?
oh, and we also keep finding problems with the house, bought at the top end before and must have spent £10-15k already on work, and we know it needs more. We will definitely lose money if we sell now. 

RelievedSheff

Give it time. No point rushing into a rash decision. 

HampshireH

Sounds like you didn't want to buy it and now small things are perhaps amplified to justify that. And this is ok.

But it's an expensive decision to go back on. Is it affordable? Could you really not give it the time to try and like it?

To do so you would need to forget the past and change your mindset.

TripleH

Why did you choose the house you did did?

Does the house have the right number of rooms for you?

Can you rearrange the house to give a different layout? Give children a bigger bedroom so they keep their stuff up there and just use your room to sleep in?

Yes it's a bit boring but rethinking usage for a house could transform it and help overcome some of your issues.

fackers_2

het77 said:

We moved 4 months ago, and dislike our new house. We never liked it, we moved for other reasons (school, family). The other reasons aren’t as strong as we thought - questioning the real difference in schooling between area we moved from, and don’t see family that much more than we used to. 

Anyway, now the market is slowing, we feel majorly stuck. Just wondering how long to give it, if we’ll ‘settle’, or if we should just cut our loses. Has anyone experience of this?
oh, and we also keep finding problems with the house, bought at the top end before and must have spent £10-15k already on work, and we know it needs more. We will definitely lose money if we sell now. 

Definitely hold… Are there anything particular aspects of the house you don’t like and that you can try love? 

If you bought at the top, personally, you’ll be looking to wait 6-10 years before the same level perhaps, just look at how long it took to recover from the 2008/2009 financial crash! Lots of data out there. 

There was a reason you moved, hopefully you can find that. Perhaps you move back and find you hate that even more. 


All the best with your decisions. 

diystarter7

Hi OP

Give it time - it may even take 10 to 12 months. We moved on a temp basis once, I insisted we shopped nearer to our old house - but as time wnet on got to know the area and the people and felt secure and we stayed and gradually did the house to our liking. It's not ideal as I wanted it to be but easier to manage, south facing, OSP, our back garden is not massive but those that back on to us must be 250/300 feet so ,oads of privacy and though its not a close it feels like one. Wide road, hardly any traffic, big drives and as I said I started seeing the positives.

It will work out

Thanks

74jax

het77 said:

We moved 4 months ago, and dislike our new house. We never liked it, we moved for other reasons (school, family). The other reasons aren’t as strong as we thought - questioning the real difference in schooling between area we moved from, and don’t see family that much more than we used to. 

Anyway, now the market is slowing, we feel majorly stuck. Just wondering how long to give it, if we’ll ‘settle’, or if we should just cut our loses. Has anyone experience of this?
oh, and we also keep finding problems with the house, bought at the top end before and must have spent £10-15k already on work, and we know it needs more. We will definitely lose money if we sell now. 

Looking at the reasons you chose to move - 
Schooling - what has changed in the time you spent looking at schools? What was it with the new school you liked over the old school? Why has that changed, the head/ofsted/leadership etc, is it anything you can speak to the school about. Do the kids like it or are they swaying your mind?
Family - when you discussed the move, what ideas were thrown around for seeing everyone more? Why hasn't that plan taken place - is it because Christmas was in the way/the move took up more time? Go back to earlier discussions and think what you all said could happen about seeing more of each other and then put a plan in place to do it.  For me, being closer to family wouldn't mean I'd see more, I would still need to juggle stuff, but if it was discussed and 1 of 2 MAIN reasons for moving, it must have worked on paper before, now you just need to follow through.

Where would you move? I'm guessing not back to where you were because you wanted to leave, so what other areas have a bigger draw for you than schooling and family?  I would give it at least a year in your new place (an almost full school year too for kids to settle), make your original plans with the family and reassess after 12months - at the moment it seems other factors are making you want to make a rash move. 

ProDave

But you say you MOVED 4 months ago, not bought as a first time buyer?  so you will have sold one house and bought another.

If the new house falls in value then so will the house you sold 4 months ago, so moving is not the reason for losing money is it?

LHW99

While you have spent money (to be honest even if you buy new build you often find you have to), that may well have added something to the value of the house / make it easier to sell if you really decide you have to.

But as said above, 4 months isn't that long. Have you looked into what your new area offers (other than schools / nearness to family)?

Are there shops, entertainment, places for long walks, cycle paths etc, whatever you and the children enjoy doing? If not, could you find something new that interests you in the locality and try it? It all helps to make you feel you belong.

TBagpuss

As well as giving it a bit lomnger, try to think about what, specifcially, you don't like bout it.

IS it the house, or is that youyou expected things in other areas of your lifeto get better and they haven't? (Or haven't yet) 

Finding problemsand having to spend money you weren't expecting is always diffiuclt, and no doubt like all of us you are fiding general costs of living higher and those issues may be linked in your mind to the mve.

I'd think about waht you could do to make the hosue feel more like home - this could be as simple as some redecrorating soyou put your own stamp on it,  but you could also look at what there is in your new area that you can join / particupate in so you start to feel more at home and connected there. 

If you ultimately decide that you don't want to stay there, i would give it at least a year - selling to soon after you bought is a big red flag for potential buyers as it is commonly either a sign that there is a major issue with the house or thearea, or that the sale is forced (perhaps due to a divorce or similar) which may make the buying process more cmplicated and/or suggest that you are desperate .

Gavin83

fackers_2 said:

het77 said:

We moved 4 months ago, and dislike our new house. We never liked it, we moved for other reasons (school, family). The other reasons aren’t as strong as we thought - questioning the real difference in schooling between area we moved from, and don’t see family that much more than we used to. 

Anyway, now the market is slowing, we feel majorly stuck. Just wondering how long to give it, if we’ll ‘settle’, or if we should just cut our loses. Has anyone experience of this?
oh, and we also keep finding problems with the house, bought at the top end before and must have spent £10-15k already on work, and we know it needs more. We will definitely lose money if we sell now. 

If you bought at the top, personally, you’ll be looking to wait 6-10 years before the same level perhaps, just look at how long it took to recover from the 2008/2009 financial crash! Lots of data out there. 

OP, just be aware that comments such as this are nothing more than guesswork. There's no way anyone can predict future house price drops/increases. In some areas house prices are still rising and the only way to get an idea of what yours will sell for in the current market is to get it valued.

However if you sell after 4 months you'll almost certainly lose money. You've got the fees you won't recover (both as a buyer and a seller) and a lot of lenders won't lend against a house that was sold within the last 6 months. Even if that isn't a problem a lot of buyers will be put off so that'll likely reduce the price anyway. I certainly wouldn't buy your house, I'd wonder what was wrong with it for you to be selling so quickly.

Personally I'd stick it out for a few more months and if you're still unhappy get it valued. At least you'll know where you stand.