I need someone sensible to tell me that buying a (beautiful) new house is absolutely not the right thing to do right now.
We bought our current house 4 years ago and have spent a lot of money doing it up, but it still needs a lot doing to make it how we really want/need it and we have pretty much run out of money. We remortgage last year to finish off the bulk of it.
It's not an easy house to live in as it's very old, no parking (quite a walk down a long narrow overgrown path to get to the car), tiny bedrooms and the garden, which is huge and we thought was an absolute bonus when we bought it, is completely unmanageable for us (we have 2 DC under 3 so spare time is non-existent), so its overgrown and untidy.
I dont love it. I cant relax in it as everywhere I look there are jobs to do which will never get done, theres just too much.
I found our dream home the other day, we went to see it and its perfect- new build so no work needs doing (bliss), parking, big bedrooms and kitchen etc. We could live there happily for 10+years easily.
BUT it's expensive. We could just about afford it but we would be really pushing ourselves to the limits and be putting us into debt for a couple of years whilst we are still paying childcare costs and I'm still paying off a debt from university years.
We would need to use the help to buy scheme too and that's something that makes me a bit nervous when looking at the sums we would need to pay back.
We weren't planning on looking at moving for another couple of years at least we said we would get the boys to school age, get rid of my debt and we would be in a much better position but we dont want to move out of our town so choices will be limited.
It's a stupid idea isn't it?