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In a bit of a dilemma regarding a house move

(55 Posts)
Dotty1960 Sun 11-Apr-21 12:14:40

Hi ladies,just need a few opinions as Im going around in circles at the moment.
Ive lived in a 2 bed roomed flat all my life and decided to sell up and move to a different area.
I managed to sell up and received a really good price so I put in a offer for a lovely house.
I moved out of my flat but sadly the house fell through.So right now Im staying in a hotel and my furniture is in storage.
Ive always wanted to own my own house so Ive continued to look for another house which would take up all my money that I recieved for my flat.
However I came across a lovely 2 bedroomed flat in the area which I love,the price is excellent.
However my dilema is...............do I stick it out and find myself a house which would mean I have no savings left and I would have to carry on working.
Or do I go for the flat which would mean I have around £30,000 left over which would mean I could easily go part time in my job and have that amount of money left in the bank.
Ive been so happy looking for a house with a garden because that is my dream but it would mean I would have to carry on working and have very little left in the bank for my future,
But the thought of going part time working and having a hefty amount put away for my future also makes me feel happy..................its just the thought of going back into a flat and not a house that Ive always dreamed of.
Ladies what would you consider the most important in this dilemma of mine??

I could find a cheaper house I guess in a different area but if this is going to be my last move then I definatly want it in the area I love best.
Im 63 years old if that helps.

wildswan16 Sun 11-Apr-21 12:18:40

I'm in a 2 bed flat - would love a wee house with a garden and keep looking for the "perfect" one!

I would stick with your dream - would you be able to rent in the area until you find one. Or you could buy the flat and think about moving again in a few years, though that might cost you a bit more.

Dotty1960 Sun 11-Apr-21 12:27:18

I think I may have to do that wildswan,so I have one for keeping the dream,thank you!

Peasblossom Sun 11-Apr-21 12:39:03

I’d always chose the garden, even if it meant I had to live in the shed! My indoors environment isnt that important to me it’s the space around it that counts🐝🦋🌷🌽

If you do decide on the flat are there any allotments near you. My son has such a lovely one in inner Nottingham. He practically lives on it when he’s not working.

Dotty1960 Sun 11-Apr-21 12:45:50

No Peasblossom theres no allotments but theres a massive communal garden,its very large indeed plus its a ground floor flat so as soon as i open the patio windows all the grass is there so I guess thats a plus if I decide on the flat.

Delila Sun 11-Apr-21 12:45:57

I’d stick with the dream & go for a house, every time. You may be lucky and find one that suits your budget if you give it a little more time - but not too much more as rent is eating into what you have to spend on a house.

Peasblossom Sun 11-Apr-21 12:50:01

Oh, in that case I’d probably go for the flat. You could stay there till the end😬

The communal garden wouldn’t know what hit it😀

Dotty1960 Sun 11-Apr-21 12:56:41

Thank for your opinions so far ladies,to be honest I think its the amount of money I would have over if I chose the flat which is being the big influencer right now(plus the thought of not working full time anymore)
My friend said "do you want to live in a lovely home and not affording to leave the house.or do you want to live in a flat knowing you can take yourself off and have lots of little treats and little holidays",I just cant answer that one yet?

wicklowwinnie Sun 11-Apr-21 12:58:05

I am in the same position at the moment. I don't want to leave my detached bungalow and garden. But I know the bonus of a ground floor flat with French windows opening onto the garden would be a very sensible move. Plus, plenty of company and a social life in a communal lounge. Very important when getting older.

Hithere Sun 11-Apr-21 13:00:31

I would pick the flat.

What would happen if you are unable to work and you pick the house?

Dotty1960 Sun 11-Apr-21 13:02:58

Hithere

I would pick the flat.

What would happen if you are unable to work and you pick the house?

I never thought about that Hithere!
I know I will get my pension money in 3 years time but its still 3 years away. Im on my own so I only have my own income

Shandy57 Sun 11-Apr-21 13:03:36

Dotty1960 I've got some money left over from my sale and feel very comforted by it - especially as I've just discovered the gutters need replacing! I think having a nest egg for maintenance/emergencies/holidays etc is worth its weight in gold.

Dotty1960 Sun 11-Apr-21 13:08:16

Shandy57

Dotty1960 I've got some money left over from my sale and feel very comforted by it - especially as I've just discovered the gutters need replacing! I think having a nest egg for maintenance/emergencies/holidays etc is worth its weight in gold.

I think I would feel comforted knowing theres emergency money put aside,Im kind of verging on to the flat at the minute but then feel sad if I dont get a house,deep down I know Ive got to be practical and not look at this through rose tinted glasses.

Dotty1960 Sun 11-Apr-21 13:11:56

wicklowwinnie

I am in the same position at the moment. I don't want to leave my detached bungalow and garden. But I know the bonus of a ground floor flat with French windows opening onto the garden would be a very sensible move. Plus, plenty of company and a social life in a communal lounge. Very important when getting older.

I did speak to 2 ladies while I was there looking at the outside(Im viewing inside this Tuesday),they were very friendly and spoke highly on why they love living there.
Im half and half right now

Hithere Sun 11-Apr-21 13:21:26

Dotty1960

Dreams are sometimes just that, dreams.

Could you afford a house in a different area and still have financial resources to support yourself?

You dont have to give up on the house, maybe modify it a little bit?

Teacheranne Sun 11-Apr-21 13:24:32

I moved back to my home area ten years ago and was able to be mortgage free with some money in the bank. This meant that at few years later at age 57 I was able to go part time before retiring at age 60. I have no regrets at all and I know I made the right decision.

I will be moving again in a few years, I want to buy a flat ( two bed, ground floor, large communal gardens) in a nearby large village with excellent amenities all writhing walking distance. After selling this bungalow, I will have a large sum of money left over to add the my pension pot and also to give some to my children

Dotty1960 Sun 11-Apr-21 13:26:44

Hithere

Dotty1960

Dreams are sometimes just that, dreams.

Could you afford a house in a different area and still have financial resources to support yourself?

You dont have to give up on the house, maybe modify it a little bit?

I guess I could find a different area and buy a cheaper house but my heart is definatly in the area Ive been wanting.I have searched other areas but nothing is hitting me like the one area that I want.

Dotty1960 Sun 11-Apr-21 13:28:43

Teacheranne

I moved back to my home area ten years ago and was able to be mortgage free with some money in the bank. This meant that at few years later at age 57 I was able to go part time before retiring at age 60. I have no regrets at all and I know I made the right decision.

I will be moving again in a few years, I want to buy a flat ( two bed, ground floor, large communal gardens) in a nearby large village with excellent amenities all writhing walking distance. After selling this bungalow, I will have a large sum of money left over to add the my pension pot and also to give some to my children

Youve done it the right way Teacheranne,like I have mentioned my best option is to be practical.
Ive lived in flats all my life.............so why should this be a dilema for me??

SuzieHi Sun 11-Apr-21 13:29:56

I’d go for the ground floor flat- sounds perfect. Patio & communal garden. Easy to lock up and leave. Money in the bank too so you can treat yourself to time away and holidays. Houses come with much more maintenance and costs. Going part time at work sounds good too. Retire as soon as you can- even more time to please yourself

Hithere Sun 11-Apr-21 13:41:48

Also, beware what you wish for

All my life lived in a one floor flat but eyeing a townhome as next move

Now we are in a townhome, I hate the stairs!
You forget something and have to go up and down all the time.

If you never lived in a house, I would check of your expectations are close to reality.

Dotty1960 Sun 11-Apr-21 13:42:52

SuzieHi

I’d go for the ground floor flat- sounds perfect. Patio & communal garden. Easy to lock up and leave. Money in the bank too so you can treat yourself to time away and holidays. Houses come with much more maintenance and costs. Going part time at work sounds good too. Retire as soon as you can- even more time to please yourself

Thanks Suzie,its the "money in the bank" which is influencing me right now,maybe the house was a dream and nothing else??

Gagagran Sun 11-Apr-21 13:44:51

I agree - go for the flat. Houses take a lot more maintenance and upkeep and you never know what is round the corner health-wise. You might be very glad you chose the flat in that case and it sound ideal anyway.

Best of both worlds - money in the bank, communal gardens, patio where you could have some pots, part time working. Sounds tailor made to me and I'd grab it before someone else does! Good Luck!

Dotty1960 Sun 11-Apr-21 13:46:01

Hithere

Also, beware what you wish for

All my life lived in a one floor flat but eyeing a townhome as next move

Now we are in a townhome, I hate the stairs!
You forget something and have to go up and down all the time.

If you never lived in a house, I would check of your expectations are close to reality.

Im fit at the moment Hithere......dosent mean I,ll be fit in 10 years time,see all these things havent entered my head,thats why Im so pleased I asked you ladies for your opinions,thank you everyone x

Dotty1960 Sun 11-Apr-21 13:47:21

Gagagran

I agree - go for the flat. Houses take a lot more maintenance and upkeep and you never know what is round the corner health-wise. You might be very glad you chose the flat in that case and it sound ideal anyway.

Best of both worlds - money in the bank, communal gardens, patio where you could have some pots, part time working. Sounds tailor made to me and I'd grab it before someone else does! Good Luck!

Thank you so much Gagagran xx

Riverwalk Sun 11-Apr-21 14:52:32

Dotty I live in a ground floor flat with my own private garden, plus there are communal gardens.

As you already live in a flat I don't need to remind you of annual service charges; they will eat into your savings but are offset as it includes maintenance, insurance, gardening etc.