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Stupid decision with a house.. am I screwed now?

6 replies

housesk · 24/10/2022 16:37

Bought a house in September, circa 500k, countryside, around 200 equity. I was sure this was right as I have dc 1 and I’m closer to family here. Ex left when they were 4 months.

I know I’ve not been here long but I’m starting work again now, two days a week at first. I’m finding the commute hard and I miss city life/outskirts. I don’t think its feasible to move within 6 months is it, people would wonder what was wrong with the house? Also spent shit loads on stamp duty. I know I’m an idiot. What can I do here? Ideally I want to move before dc is 2.5/3.

OP posts:
Myneighboursnorlax · 24/10/2022 16:39

Can you rent the house out and use that money to rent somewhere nearer the city for yourself?

Whistlesandbell · 24/10/2022 16:48

How old is your DC now?

housesk · 24/10/2022 16:50

@Myneighboursnorlax i don’t think the bank allows it and I would be paying a lot I think to organise that longer term.

@Whistlesandbell 15 months

OP posts:
parietal · 24/10/2022 17:01

it was not a stupid decision, it was the right option at the time.

you have plenty of time to move - 2 and a bit years or more.

how about the following plan

  • the economy is very uncertain. now is not a good time to buy / sell if you don't have to.
  • give it a year in the current house. it often takes at least a year to settle in to a new area. Make an effort to join baby groups / hobby groups etc locally
  • if 1 year from now you still aren't happy, then actively plan to move
Whistlesandbell · 24/10/2022 18:43

I think I’d give it about 4 more months then that allows you about a year to sell up
and buy somewhere if you still don’t like where you are.

Inapicklee · 24/10/2022 20:44

We put our house on the market just over a year after buying.

Sold within 2 weeks. Yes moving is expensive but unhappiness is more expensive. We were asked why selling so soon and we were honest - relocating up north to buy a house with land.

I’ve never felt at home here and I’m so excited to start a new life chapter.

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