We currently live in a 2 bed rented house with my husband and two children. My two kids aged daughter aged 14 and son aged 5 share. They have always shared since son was born so that's what they know and my teenage daughter doesn't moan at all about it. As a mother I obviously know of course it would be nice for her to have her own space.
We pay £700 rent which is below market value as we have lived here for 8 years without an increase. On open market now it will be about £800+.
Our financial situation has greatly improved and we now have to make a choice and not sure which way to go so I appreciate your input.
We need to buy but we would like to have a bigger deposit so that means we can move in about a year's time. In the meantime I really want to move but wonder if we should.
- move now and buy house with a smaller deposit.
- rent for about £1800+ monthly and buy in a year with bigger deposit with potential to buy outright if business continues flourishing.
I want to move though, it makes sense to stay put financially but we have been hard pressed for a long time and just think we need to enjoy a bit more space now. Ridiculous thinking I know, but I hope you get my gist.
Your opinions welcome please!