I had always heard that house hunting for the first time buyer could be rather frightful but I must admit, I'm enjoying it. It's a buyers market m'lad. Tally ho!
Don't do it Bealey. Renting is far better. Only in Britain are we obsessed with owning property. We bought when the market was bouyant 7 years ago and a couple of years later we had the double dip recession. Could not get anyone to view the place. Be careful what you wish for.
1 bedroom flat to rent in a semi (fnarr) decent area of Glasgow... £400 to £500. Plus yer bils. 1 bedroom flat to own in a semi (fnarr) decent area of Glasgow ...£250/£350.
I get tempted to rent, but it just feels like I'd be pissing money down the drain. The money I've saved for a deposit could be put to very good use if I were to rent though...
What does it matter? Least you aren't left with **** on your hands when the bad times roll in once again. And they will.
I actually agree with ER (shocking!) People in this country are obsessed with home ownership. Some boring ****s even discuss it on the internet.
Buy something that is decorated badly - even if it is moderately presented you'll end up redoing it all with your own style, so there's no point paying a higher fee for something you will end up replacing.
Like any kind of investment there are winners and losers in property. Buy at the right time, sell at the right time. When the economy slumps as long as you can hold on to your property it's value will recover. It isny rocket science. The big winners were people who bought their council property. I refused to buy the council flat the ex missus lived in when we married on point of principle. Big mistake.
and what happens if the market increases at a time when you want to sell (like it has done and will again). Or when you die...you leave yer house to family/yer kids?
I bought my house 3 years ago ... I could sell it and make a moderate profit now - even taking into account the money I have spent on refurbing it and I've not even done the kitchen.
