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    • seven-day-weekend
    • By seven-day-weekend 5th Aug 14, 6:09 AM
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    seven-day-weekend
    Downsizing
    • #1
    • 5th Aug 14, 6:09 AM
    Downsizing 5th Aug 14 at 6:09 AM
    Everyone says you should do it while you can rather than wait until you are too old/ill/frail and in principal I agree with this.

    We have a mid-terrace Victorian house so not a huge amount to downsize from. But we decided to look anyway.

    We wanted a bungalow on a bus route and near shops in a decent area. So we had a look round and came up with this:

    http://www.rightmove.co.uk/property-for-sale/property-41561581.html

    It is near a bus stop, near shops and other amenities and even has a local railway station just up the road (the railway runs along the back of the property but that does not bother us as it is only a local line). It has a garage (which we've never had before) and a small garden. We had a look through the windows (the property is empty) and could see that it needs a bit of work doing but we don't mind that.

    It looks just what we want.

    However..... we came back home and looked at our nice house with wildlife garden and pond and thought how could we possibly move from that into a small bungalow? We would lose a dining room, one bedroom and a large dry cellar which is used for storage and the garden is much smaller. We could just see ourselves being crammed into this little place and feeling caged up and hating it. But the point of downsizing is to have a smaller house and garden, right??

    The downsides to our house are - no garage, the street outside is like a linear car park on both sides and my husband is increasingly worried about the area declining, as more houses become buy-to-lets and more eastern European immigrants arrive (the area has always been multicultural, but the latest arrivals do seem to be very intrusive and not attempting to fit in).

    At the moment we have decided to stay put and in fact are spending a few grand on a summerhouse for the top of our long garden.

    But I'm wondering whether this is the right decision? Absolute dilemma. It's a head and heart situation.

    Discussion welcomed.

    (We are fit and healthy mid-60s. My husband does have arthritis in his knees, although this usually does not bother him too much).
    Last edited by seven-day-weekend; 05-08-2014 at 6:48 AM.
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
Page 14
    • seven-day-weekend
    • By seven-day-weekend 17th Jan 16, 9:59 AM
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    seven-day-weekend
    We have bough a holiday van on a lovely woodland site in Snowdonia , easy drive along the A5 for a couple of hours.

    We have given up dogsitting for at least a year so should have plenty of time to use it.

    I think our property empire is complete now
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • seven-day-weekend
    • By seven-day-weekend 23rd Jan 16, 7:24 AM
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    seven-day-weekend
    The purchase of our BTL property completes on January 15th .
    ........
    Originally posted by seven-day-weekend
    The sale completed and the tenants are due to move in as soon as all the references and checks have been verified. They were the first ones to view the flat and they took it.

    We have bought a new washer drier for the flat, this just needs to be connected, which we will do in the next few days.

    It is a novelty to us to own a property which needed nothing doing to it other than a light bulb changing and is still under guarantee.
    Last edited by seven-day-weekend; 23-01-2016 at 11:27 AM.
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • lessonlearned
    • By lessonlearned 23rd Jan 16, 11:10 AM
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    lessonlearned
    SDW. I have been following your adventures with great interest, the bungalow, the flat and the holiday home.

    You have inspired me.......

    I have just put in an offer on an apartment. Not sure whether I will live there or let it out.....it fulfills both criteria. I could happily live there and it is also a very good investment in that it would rent out very easily. Not a brand new build, it's 10 years old, but as you say, other than a lick of paint it doesn't actually need anything doing to make it rental ready.

    Still not sure whether to buy a project to do up so I'm adopting a wait and see approach.

    And yes I'm thinking about a nice chalet or caravan by the sea.

    I miss our old apartment in Spain but now that my husband is sadly deceased I wouldn't want to live abroad by myself. Plus I want to be close to my family. So I think something here in the U.K. Just a couple of hours drive away would be ideal. It could be a little bolt hole for me and also a nice holiday home for family get togethers.

    I'm glad everything has worked out so well for you. I have enjoyed following your journey.

    Here's to the future.......

    Make that champers.......
    Last edited by lessonlearned; 23-01-2016 at 11:16 AM.
    • seven-day-weekend
    • By seven-day-weekend 23rd Jan 16, 11:25 AM
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    seven-day-weekend
    Go for it lesson learned, although I'm sorry your husband is not there to share it with you.

    We would not have been able to do this had not my birth aunt,( God bless her), left me a sizeable inheritance, which meant that virtually all the money from the sale of our house was available . If I had not had the inheritance , we would have had to pay for the bungalow from the sale of our house, like most people do, and then spend some more money doing it up, leaving us with much depleted savings. We could not have bought the BTL nor the Holiday Home. I have named the bungalow after her, in her honour, so that I will never forget or make light of what she did for me.

    But as for yourself, yes as I said, go for it, make your investment work and have a holiday home to relax in. Keep us posted as to your progress!!

    Champers at the ready, I have some (well Cava) in my fridge.

    Auntie V, dance in heaven xxx
    Last edited by seven-day-weekend; 23-01-2016 at 11:33 AM.
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • seven-day-weekend
    • By seven-day-weekend 30th Jan 16, 6:22 AM
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    seven-day-weekend
    Regarding our investment property, the first pair of prospective tenants failed the financial checks (well one of them did), so they will not be moving in after all.

    However, another person will be, next week.

    So, two weeks empty, can't grumble
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • seven-day-weekend
    • By seven-day-weekend 2nd Feb 16, 1:52 PM
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    seven-day-weekend
    Regarding our investment property, the first pair of prospective tenants failed the financial checks (well one of them did), so they will not be moving in after all.

    However, another person will be, next week.

    So, two weeks empty, can't grumble
    Originally posted by seven-day-weekend
    Tenant moving in on Thursday

    And because our apartment has been vacant for less than twenty-one days, we won't have to pay any Council Tax on it. I thought we might have to pay the first month, but we have an 'empty homes exemption' which loasts for 21 days

    We are going up to the Van later this month, to finish paying for it and get the keys handed over, even though we can't use it until March 1st. Luckily there is a small hotel on the site, so we are staying there Really looking forward to that!

    The previous owners have left us a bit of bedding and a few kitchen things including a kettle and a toaster, so we haven't got to start from absolutely nothing .
    Last edited by seven-day-weekend; 02-02-2016 at 1:55 PM.
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • mumps
    • By mumps 3rd Feb 16, 9:16 PM
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    mumps
    Tenant moving in on Thursday

    And because our apartment has been vacant for less than twenty-one days, we won't have to pay any Council Tax on it. I thought we might have to pay the first month, but we have an 'empty homes exemption' which loasts for 21 days

    We are going up to the Van later this month, to finish paying for it and get the keys handed over, even though we can't use it until March 1st. Luckily there is a small hotel on the site, so we are staying there Really looking forward to that!

    The previous owners have left us a bit of bedding and a few kitchen things including a kettle and a toaster, so we haven't got to start from absolutely nothing .
    Originally posted by seven-day-weekend
    Sounds like everything has worked out with this set of tenants, it will be nice for you to get away and relax, selling a house and buying three properties sounds like alot of stress to me. It must be a relief to get it all sorted.

    I don't mean to be nosy but I think you said you were able to do this without a mortgage? If that is the case it will be a nice little boost to the monthly income, you know my situation at the moment so my advice is enjoy it and make the most of it, it is what your auntie would have wanted.
    Sell 1500

    2831.00/1500
    • seven-day-weekend
    • By seven-day-weekend 4th Feb 16, 3:12 AM
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    seven-day-weekend
    Sounds like everything has worked out with this set of tenants, it will be nice for you to get away and relax, selling a house and buying three properties sounds like alot of stress to me. It must be a relief to get it all sorted.

    I don't mean to be nosy but I think you said you were able to do this without a mortgage? If that is the case it will be a nice little boost to the monthly income, you know my situation at the moment so my advice is enjoy it and make the most of it, it is what your auntie would have wanted.
    Originally posted by mumps
    Thanks mumps, and I quite agree.

    My husband is doing some improvements to our son's flat. I've told him to get a builder in to do it, he's 67 and he should be relaxing and doing nice things. He agrees and says this will be his last job.

    We're going to the caravan at the end of the month, just for a few days initially, and then again at the end of March, when our friends are on holiday a few miles away
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • mumps
    • By mumps 4th Feb 16, 9:52 AM
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    mumps
    Thanks mumps, and I quite agree.

    My husband is doing some improvements to our son's flat. I've told him to get a builder in to do it, he's 67 and he should be relaxing and doing nice things. He agrees and says this will be his last job.

    We're going to the caravan at the end of the month, just for a few days initially, and then again at the end of March, when our friends are on holiday a few miles away
    Originally posted by seven-day-weekend
    I spent several weeks last summer decorating my daughters new house. I did enjoy it and she chose some really lovely colours, I love white bright houses but it was a refreshing change and did make me wonder if it was time for a change. When I finished I decorated the bedroom but bottled out and it is white with blue bedding/curtains and accessories and a wood floor. At the end of the summer I suddenly realised we hadn't done much fun stuff as I was so busy with the decorating so we are determined to do more this year but she is now moving 100 miles away as her boyfriend has got a fantastic new job and she is job hunting to join him. I have advised her to give it six months to make sure he is happy there and the job is secure but that means I might have a change this summer and do some decorating in a different city. It is nice helping them though and no doubt your husband enjoys it as much as I do.
    Sell 1500

    2831.00/1500
    • seven-day-weekend
    • By seven-day-weekend 8th Feb 16, 8:57 AM
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    seven-day-weekend
    He's not just decorating, mumps, he's insulating the ceilings! The flat is at the top of a three-storey, flat roofed 1960s block, built when no-one cared much about insulation, and the ceiling is so cold that it gets condensation on it which then turns to black mould.

    He's having to lift plasterboard onto the ceiling and then support it whilst he screws it in. My son helps when he can, but he is often at work.

    A professional plasterer will finish the work once the plasterboard is up.

    Then we have some guttering to do at the back mof our bungalow, I am trying to persuade him to employ a professional to do this. We shall see !
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • mumps
    • By mumps 16th Feb 16, 10:20 AM
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    mumps
    Hi
    How are the new tenants going, did they move in? I have lost track of time but think it was last Thursday or maybe the one before? Think I lost a week with hospital and everything.

    Your husband's DIY skills are beyond mine, decorating is about it for me but it is nice to stand back and see what you have done particularly when its for your son or daughter in my case.
    Sell 1500

    2831.00/1500
    • seven-day-weekend
    • By seven-day-weekend 16th Feb 16, 1:53 PM
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    seven-day-weekend
    Hi there mumps, the tenant moved in on 4th February and seems to be ok, we haven't met him. I did have a quick look at the apartment last time I went to Aldi and he has put up some brand new vertical blinds, so he must be hoping to stay.

    More importantly, how are you?
    Last edited by seven-day-weekend; 16-02-2016 at 1:57 PM.
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • mumps
    • By mumps 16th Feb 16, 2:23 PM
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    mumps
    Hi there mumps, the tenant moved in on 4th February and seems to be ok, we haven't met him. I did have a quick look at the apartment last time I went to Aldi and he has put up some brand new vertical blinds, so he must be hoping to stay.

    More importantly, how are you?
    Originally posted by seven-day-weekend
    The blinds are a good sign, nice settled tenant just what you need.

    I am doing OK, came home from hospital on Friday bit sore but generally doing well. Had a bit of a dip but decided I needed to smarten myself up so coloured my hair last night and had a new style today, I just told the hairdresser to do what she thought was best and it looks really nice. I think it gives you a boost if your hair looks good. I have an appointment with specialist nurse on Friday an hospital again next week. It all takes a bit of getting used to but I am so lucky that I went quickly and doctor took it seriously so outlook is positive.

    I also went to the library while I was out so have a stack of books to get through, keep me out of trouble. It is a lovely day here and its not raining which is a very positive thing. Have you been to your new place in Snowdonia yet? We are thinking of a break in Pembroke when I am a bit better, haven't been for years but always loved it so will be a bit of a morale booster.
    Sell 1500

    2831.00/1500
    • seven-day-weekend
    • By seven-day-weekend 16th Feb 16, 2:28 PM
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    seven-day-weekend
    The blinds are a good sign, nice settled tenant just what you need.

    I am doing OK, came home from hospital on Friday bit sore but generally doing well. Had a bit of a dip but decided I needed to smarten myself up so coloured my hair last night and had a new style today, I just told the hairdresser to do what she thought was best and it looks really nice. I think it gives you a boost if your hair looks good. I have an appointment with specialist nurse on Friday an hospital again next week. It all takes a bit of getting used to but I am so lucky that I went quickly and doctor took it seriously so outlook is positive.

    I also went to the library while I was out so have a stack of books to get through, keep me out of trouble. It is a lovely day here and its not raining which is a very positive thing. Have you been to your new place in Snowdonia yet? We are thinking of a break in Pembroke when I am a bit better, haven't been for years but always loved it so will be a bit of a morale booster.
    Originally posted by mumps
    No, the site is not open until March 1st, but we are going then for a couple of days. Enjoy Pembrokeshire, I love it as much as North Wales, especially around Tenby, although it is very different.

    Please keep me updated about your heath matters.
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • 3card
    • By 3card 17th Feb 16, 9:10 PM
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    3card
    Hi


    Thanks for this thread.
    I have enjoyed following this through from the start (even though I have stayed silent)


    I think I took a keener interest in this when I realised you were based in Wolves because I work very close to where you were and very often visit the Aldi next to the apartment you purchased.


    I am at the age - 55 - where I am thinking of planning more towards my retirement but its difficult to make too many decisions because no one knows what legislation is round the corner.


    You have given me much food for thought with your developments so many thanks for sharing it all and taking so much of your valuable time to help peeps like me


    Good luck with all your planning but I'm sure you won't need it with all the planning you have made


    All the best


    3card
    • seven-day-weekend
    • By seven-day-weekend 1st Mar 16, 6:52 AM
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    seven-day-weekend
    Moved stuff into the 'Van yesterday and will stay in it tonight It was fun unpacking and putting everything away.

    Our small slow cooker is going to be just the job and the doormat we bought for inside the door, which leads into the kitchen, is just the right colour to match everything else

    My husband's inflatable boat, kayak and outboard motor fit beautifully into the little shed.

    The heating was not working when we arrived. Otherwise the van was ready, had been valeted and inspected by the site. A guy turned up an hour later with a part for the boiler and the heating is now working.

    Here's to having some new adventures!
    Member #10 of 2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
    • hayleydaley
    • By hayleydaley 31st Mar 16, 2:54 PM
    • 69 Posts
    • 13 Thanks
    hayleydaley
    Downsized
    We downsized about a year ago. 4 bed house to a 2 bed bungalow. Put extension on the back , money in the kitty and a lovely place to live in, Can't be bad.
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