Mid-20s, buying alone. Would you buy a fairly ok starter home and then hope to move up the ladder or continue renting and save up enough for your forever home?

[Jaybird100]

I’m renting at the moment, mid-20s, first time buyer considering buying a 3 bed Victorian build terrace close to railway station but 15 miles from where I work (I currently live 4 miles away from my workplace renting a room) but do drive.

I have a partner but we’ve been together slightly less than a year (not living together) so I didn’t want to buy with him as it’s too soon (plus I like the freedom of decorating it exactly how I want etc. esp it being my first time) but I do know I could have afforded a much bigger place in the city of my workplace if we’d bought together but I’d only own a portion of it.

So I’m in two minds - would you still buy the starter home, decorate it how you like etc. live in it for a few years and then sell and upgrade (hoping positive equity). I’m guessing I could also rent it out if I wanted to rent in the city again.

I always have the grass is greener on the other side mentality so please tell me your thoughts and experiences.

I bought late 20s my first starter home, on my own. It was a 2 bed flat, 10 mins walk to a tube.

Still there 17 years later, though now has an other half also living there.

but i knew I never wanted kids so a 2 bed would be fine for many years for me (plus potential partner)

"Brexit might make us all very rich."

"Brexit might make us all very rich."

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I didn't want to be too harsh. There are still one or two believers, and now it's irreversible we may as well just let reality itself be their teacher