We had an offer accepted on a house in the UK, way back in early October. Since then, there's been one obstacle after another, and we've finally taken the decision to pull out of the purchase. We really loved the house, and it was going to be our home to retire to (in a year or so), but we would still have been into spending money on it to make it 'our' perfect home. It simply wasn't meant to be, and that's OK, we're fine with it.
We've lived overseas for many years, but we still own a property that we used to live in, in the UK, which we've been renting out. We have recently regained possession of the property, but sadly it's been left in quite a bad state by the tenants, and it will need quite a bit of work to 'tart it up' if we decide to sell it.
After going through the last few months of stress and hassle, trying to purchase the other property, we are now considering whether to keep the house we used to live in, and totally gut it, to the point where we literally have it exactly as we want it. Or, do we 'tart it up' to sell, and embark on the stressful process of trying to purchase something else before DH retires?
My view is that, even if we did manage to purchase a suitable property, it probably wouldn't be exactly how we want it, so we'd no doubt still have some work to do to get it to be 'our' perfect home. Whereas, if we totally gut the house we already own, although it will cost a lot of money, we will end up with a house exactly as we want it ... and it probably wouldn't cost as much as purchasing another property, plus the cost of any alterations. Also, we wouldn't be living in the house, so all the work could be done before DH retires, and we're ready to move into it. We do also have lots of contacts for people who could carry out the work.
DH is almost on board with me, but he has this idea that he feels he hasn't 'moved on' if we move back into the house we used to live in, even though it could end up being 'our perfect home'! We both still like the house (but not in its current state!), and we have no mortgage. We have a budget set aside to be able to completely refurbish it (within reason, of course!).
Buying property is such a hassle these days, I really don't know if we can stand to go through all the stress again ... it's worn us out!
What are other people's thoughts on this? Anyone with experience of going through a whole-house refurb themselves, with any tips/advice?
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