House buying dilemma

[Thedreamer28]

So we put a deposit down on a newbuild but the new development is being built in a not so great area. It is known as a rough area in our city and everyone takes the mick of people who live there as they are known as rough.
We thought that it could be our back up plan if we couldn't find another house in that time before we needed to start making decisions. So the developers called us up and said we have 48 hours to decide if we want to proceed and exchange contracts.

The issue is that we have looked for other houses in our budget and it is not great. Terrible houses that are in other bad areas and with bad schools. Or houses that you need to spend a massive amount of money on.

With this newbuild we would not have to move the kids schools.

so what do we do. Do we say yes to the newbuild even though it is in a rough area or do we wait until a better house comes up in a better area.

We are 43 years old now with 3 children at secondary and primary age so we really want to get on the property ladder.

Any advice would be much appreciated as I feel so disheartened right now and feel like this weekend I will not sleep at all.

Now driveway and parking is a big draw. And if you've been and visited neighbours it sounds like this might be the place for you. Good luck.

Humm well I have an unfortunate tale to tell compared to others! We purchased a lovely brand new home in a 'regeneration' area bordering an undesirable area ... but far enough away, or so we thought. All our neighbours were lovely, mix of ages and familes with and without kids. However, all we did was attract the total scumbags from the undesirable area. I lost count of the home breakins or least sheds broken into. We had DH motorbike stolen. Our neighbour had their patio doors smashed in the middle of the day. We couldnt sell fast enough. Just be really cautious OP.