What is a more sensible upgrade?
We would like to stay in flats long term - mortgage crisis has confirmed to us that we don't want to overstretch ourselves and we don't want to leave London for family/career reasons (DH is also a 4th generation Londoner and would prefer to leave the country if he had to leave London; we have other passports so that is an option). However, the housing crisis is global (including the rental crisis) so I think we should be happy with what we have and try to make a small improvement to what we have (if we can). If it doesn't work out, at least we have what we have... Probably would wait for the market to drop to move..
We currently own a small 2 bed flat in z3 north London.(typical 1930s, 60 sq metres with 1 double bedroom and a second 'small double bedroom') but would like more space long term.
My DH says it's not the number of rooms but the square footage and the size of the rooms. He only likes purpose built flats. I think it's better to have a third bedroom but almost all the third bedrooms are very small.
YANBU- Generous 2 bed flat ( 85 square metres or more with large double rooms, generous hallway to put the stuff that people typically put in the box room)
YABU- 3 bed flat even if it means third bedroom is a box room.
It will really help me decide on my search criteria. Thank you.