Talk me out of buying this house!(302 Posts)
The husband and I have spent the last five years making our house a home, and we've just got it exactly how we want it. We decided the time was also right to start trying for a baby, and are currently in our second two week wait so far. All being well, the plan is for me to give up work and be a stay at home Mum for a good few years before going back to work and possibly thinking about buying a bigger house.
Everything was ticking along nicely, but then... a house came up for sale that I have dreamed of living in since I was a little girl! I told my husband expecting (hoping) that he would tell me not to be silly etc, but he is now more excited about it than I am
There are many reasons we should not buy this house...
The biggest one is that it would add 80k into the mortgage. It would stretch us to the absolute limit of what we'd be allowed to borrow and would take the stay at home Mum idea completely off the table.
It has no central heating or mains sewage (storage heaters and a log burner; septic tank). I know these things wouldn't be a big deal to many people, but we'd have no money left to get the heating done and the septic tank would worry me (I am a huge worrier).
The house itself is no bigger or nicer than our current one (both smallish three bed houses of around 1000 square feet). Our house has useful things like a garage and a downstairs loo which this one doesn't.
But this one is in a really special location and is very unique for our area. The garden is like a park and there are no neighbours for about 2 miles in either direction (my absolute dream). It kind of feels like a once in a lifetime opportunity. I know there are other rural properties like it, but very few in my "patch". We already live in a very nice village down the road and I know we are very lucky to have what we've got, but it's not the peaceful rural life I dream of. I know this makes me sound like a spoilt brat and is a nice "first world problem" to have. But I just couldn't sleep last night thinking about this house, and now I can't concentrate on my work either
Someone tell me to stop being silly!
It has no central heating... we'd have no money left to get the heating done
No central heating in the winter with a potential newborn... You're mad.
You've spent 5 years getting this house perfect, can you imagine spending another 5 or more years doing the same all over again? Also please don't underestimate how useful a downstairs toilet is when you have a young child.
Buy it, it may never come up again !
Oops. I don’t think I am being very helpful.
It sounds perfect to me - sorry, that's not the kick up the arse you wanted but I would love this too
As far as a septic tank goes...our house has one of these. We've lived here for a long time and the tank has not been an issue really. All you have to do is make sure you don't flush away anything that you shouldn't. So human waste, toilet paper, OK. Anything else, not OK. If the tank works as it should, then it takes a long time to get to the point of needing to be emptied, I mean years, not months.
Location matters, that kind of space you might not come across again.
Let's go through the budget. £80k extra on the mortgage, plus how much to fix it up? How much do you have in savings and spare each month both now and as SAHM?
This really is a my little pony young girl dream, and that’s it. Don’t underestimate how hard you’ve worked to make your current home perfect. This home will not make you happy. Being cold won’t make you happy. Being poor won’t make you happy. Going to work full time and returning to a cold home won’t make you happy. Traipsing a baby/toddler up the time a dozen times a day to use the bathroom. That’s what the reality would be. This isn’t your house, not at this time anyway.
Have you actually viewed the house yet or is your excitement just based on it being your childhood dream house? If it's the latter I'd book a viewing and see if you still like it as much as you think you do once you've had a proper look around.
How old are you? Do you have time to work for a few more years before TTC? If it’s right at the top of what you can borrow are you sure you’d get that much? Are you sure your current house would sell for enough?
I wouldnt do it purely for the fact it has storage heaters and you're not in a position to change that right away. Ive had a place that had storage heaters and in the depth of wintet its utterly miserable and so, so expensive.
I'm REALLY not helping the OP here, but all those things and more were true for my parents. And all those things and more weren't insurmountable (and in many cases, only imagined) obstacles.
I had an absolutely magical childhood there, and they're still very happy there now, as I am when we visit.
Have you viewed it? How old are you? Could you wait for a little longer to TTC to save a bit more money to do it up?
I'd do it. You've got a big dream - lots of them actually, and this one can be realised - this is quite rare in life! It may take you longer to get pregnant than you think so you may be working anyway... House prices aren't going to go down. Do it and do it soon. If you get pregnant tomorrow there's still 9 months before a baby appears all being well so you've a little time to throw into renovation - as long as you crack on and don't try to go to Grand Designs on it.
Having said that, just renovating a dream home seems to get the Grand Design participants pregnant - you always see them in their maternity dungarees in the caravan whilst waiting for the hemp roofing to be delivered from Budapest .
Having said all that the garden like a park would put me off tbh, I can't ever be arsed to mow my handkerchief like terrace back lawn, maintaining that amount of nature would terrify me but I am a resolute townie.
On the positive side, if you've just done up your current house it's probably the best time to sell it?
No central heating is a major concern that you'd have to factor into any offer, but septic tanks aren't such a big issue; every house I've lived in for the past 20 years has had one and nothing's gone wrong yet.
I agree with PP suggesting viewing, at least - you might find that looking at it with adult eyes, especially now you know a bit more about what it takes to get a house right, takes the sheen off it.
I say do it!! You're not pregnant yet. That can take a while. Life is short, don't have regrets. You will make it work. It sounds like you're both in it together which is the most important thing. (sorry, I'm not really helping am I!)
Going to be super unhelpful....I’d buy it.
I think we need to see the house before we really can comment
Do you think your future child or children would be happy living somewhere so remote? What about that long school run/nursery run (as you won't be able to sahm). What about when they want to go to after school clubs or round to other people's houses after school, or invite other children back to yours? You will be a taxi service and that could be difficult if you are working full time.
Once you give up work and don't speak to anyone all day you might find you miss the company you can get from walking into a small town or village.
Having to get little one into a car every single time you want to go out anywhere ... when will you exercise?
Interest rates are set to rise and rise again ...
I think you should look
I think you should indulge the fantasy for a while
Then do the sums and work out in actual detail what doing it would mean.
And decide if its worth it. Armed with the reality .
Go for it. 20 years from now the minor inconveniences will be a distant memory and you will have your dream house.
Sounds good to me! We have a septic tank and it works fine. No problems at all during the last 15 years. Only one I've known that's had to be emptied was full of sanitary towels.
2 miles before hitting people - sounds like paradise to me!
Do you have a link? I only click on these threads to see the house...
Wow thank you for all the responses - some what I wanted to hear and others not so much
To answer some questions:
Cosmetically the house is in very good order and seems to have been well looked after. I think the heating is the only major expense.
We've got £30k in savings but I know a chunk of that would go on moving costs. If we couldn't get the max mortgage then we'd also need some to top up the deposit, and I'd be a bit nervous of having £0 savings.
Current truly disposable income (after absolutely every little has been paid for, from the TV license to a yearly holiday) is £400 per month and we feel that we live really comfortably. It would be the same if I was a stay at home Mum as I don't earn much and my whole salary goes to savings. If our bills (esp mortgage) went up by 2-300 then we wouldn't be left with much at all.
Haven't viewed the house yet but sent the estate agent an email expressing interest and asking a couple of questions.
In terms of TTC, we didn't even want to leave it this long to be honest. I am 30 and my parents took ten years to conceive me. It was never clear what the problem was so it does worry me that we may have problems too.
Alyssas you are so right about Grand Designs and them always being pregnant lol!!
It's a fantasy house that would mean that your other fantasy of being a SAHM wouldn't happen. You'd be working and those two miles just to get to the next house would add more time onto your commute. I would just keep it as a fantasy.
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