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Purchasing my own property after divorce at 50

(56 Posts)
ceejayjay Sat 03-Jun-23 19:59:39

Hi

I’m recently divorced & we are in the final stages of selling the family home. My self & ex are to split the equity. Been looking at properties myself but was unable to find anything I liked. I’m going to a little rental house we both own which is currently empty for the time being. Anyway I’ve seen & viewed a property that I absolutely love due to the size of the rear garden & semi rural position. I’ve mental health problems, work full time from home & apart from walking my dog early in the morning before it gets busy & seeing my Daughter & Grandson I don’t do anything but potter at home. It’s my dream to rescue animals & this home offers space to do this. My question is would you stretch yourself for your dream home ? I could probably get a home for 100k less but it would not offer me the lifestyle this one could. My jobs secure & other than the normal household bills my spending is very low due to not socialising. Thankyou for reading

Nannarose Tue 06-Jun-23 17:45:35

Tartan shopping trolleys aside (!) this dilemma comes down to a gamble.
Those saying 'go for it' may well be people who think that some risk is worth the rewards. However, a risk when you are young, fit, and with a good earning capacity can be ridden out.
I am much more bothered about OP's mental health issues. Whilst being over 50 is not in itself a great risk, it is an age when incipient health problems, mental or physical, can quickly get worse.
Something that really suits her and boosts her mood may well be just the thing to keep her well.
I think ceejay, that is where you need to focus your thoughts - and maybe think about what else may improve your health.

ceejayjay Wed 07-Jun-23 19:11:20

Thanks so much for all your replies. It has sold 🥹

LRavenscroft Thu 08-Jun-23 05:57:48

Would it be possible for you to make contact with anyone in your area who may be doing something similar? That would give you an idea of what goes behind it. We had a lady do the same in our area and she worked with the local animal rescue centre. Could they be worth contacting in the first instance for some idea? Good luck with your future.

Nannarose Thu 08-Jun-23 07:07:23

ceejayjay

Thanks so much for all your replies. It has sold 🥹

Simply going through this exercise has, I hope, given you insights that will help in the future.
Long before we could afford to buy a building plot, we looked at them, considered how we would build on them, how we would manage life in the area, and of course, costs. When the plot we have came up, we knew instantly that it was right because we had done our 'homework' so well.

Patsy70 Thu 08-Jun-23 12:10:43

Sorry to hear that LRavenscroft. I do hope you find another similar property. 💐