Currently having major house buying remorse and feel totally trapped
We completed today and we were really excited, feeling accomplished as first time buyers. We are mid 20s, newly married and expecting our first baby in a few months time. We have bought an ex-council house, 3 bedrooms with a modernised kitchen and large garden. Area is great and convenient; that plus the house size for the money was what drew us to the house. There was also 9 other offers!
We have another two weeks on our rental so the plan is to move across slowly. We’ve to view this afternoon and it is a total state. I can’t actually believe anyone could live like that, obviously they haven’t cleaned it since the second viewing a couple of months ago. Mess in every cupboard. Food at the bottom of the dishwasher. Dog hair in the fridge. Holes in every wall that need filling in from where pictures have been. Wallpaper peeling. They’ve taken the bannister off for some reason, it was there before? The shower is grouted with what looks like chewing gum, again wasn’t there before so has clearly been very recently replaced. Front door has a crack in it. Closes and locks, but big crack in it. Neither we or the surveyor noticed before so it is possible that it’s new. The garden is big and full of weeds that are probably about a metre tall. We always knew it would be a project but wow has it got out of hand these last few months. Crisp packets and wrappers strewn everywhere.
I know I am moaning and perhaps this is all very normal but I truly feel like despairing. We have worked really hard to get into a position to be able to buy this house. I have friends who are purchasing new builds and I feel jealous and think we should’ve gone for a much smaller new build. Maybe it would be small but at least there wouldn’t be any major work to do.
I feel like I can’t bear to part with our rental. A bit dramatic but maybe my hormones are playing a part. It’s a housing association rental so we have paid minimally and would have always been able to rent at a discount. It was a recent-ish build and although small, nothing here is our responsibility to fix. Why on earth would we move to a situation that costs us more for the sake of ‘ownership’. Let’s be real that we don’t really own it anyway, the bank does for the next 35 years (plus pocketing 5.2% interest thank you very much).
There is obviously a lot of work to be done, plus the added burden of paying more per month and having a gazillion repairs to do. We haven’t got many savings aside for repairs at all. I know this is far from ideal but we just needed to get on the property ladder and wanted to do it before baby.
Anyone I know who’s bought a house immediately celebrates it and moves in that day, instead we’re now paying for someone to deep clean it, looking for a gardener and trying to source grouting / roofer / new shower. I feel like we are never going to have any money & I naively hoped I’d be able to keep some savings back for maternity leave rather than plough what little we have left over into the house.
If you are reading this and thinking I’m naive, I understand that and have enough self awareness to know I probably am very much so. We perhaps should have scrutinised it a bit more but we were eager, and with hindsight, probably foolish.
What can I do to make best of this situation? I just want a rewind button but know the reality is we are stuck with it now :(