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Original poster

We have a hefty amount of equity in our house . . .

76 replies

SaveFerris · 09/10/2007 12:31

. . . .so we have two options.

Do we stay put, or do we move to a cheaper but still a lovely house and be mortgage-free?

What would you do? Would you rather be mortgage-free?

(bearing in mind the house we are in now is absolutely gorgeous but I am not totally in love with it so there would be no heart-wrenching goodbyes or anything)

OP posts:
TwigorTreat · 09/10/2007 12:58

link to possible new house please

Original poster
SaveFerris · 09/10/2007 13:00

TwigorTreat, I do LIKE my house now, but no, I don't LOVE it.

I think I would LOVE the new house, but what if I didn't?

God, i've really got to stop over thinking things!!!

I believe you should always go with your first instinct. And mine was to move. So I should do that. Whats the worst that can happen anyway?

OP posts:
Original poster
SaveFerris · 09/10/2007 13:01

Twigortreat, if you don't like it, don't tell me you don't like it.

And if you like it, don't buy it ;-)

I'll find a link now . . .

OP posts:
ChippyMinton · 09/10/2007 13:01

Have you viewed the new house yet/ did you get 'the feeling'?!

I'd go for it, personally.

Original poster
SaveFerris · 09/10/2007 13:03

ok, this is the new house. Its bigger than it looks as it goes back a l-o-n-g way. Small from front tho.

www.moginiejames.co.uk/Search/ViewProperty.aspx?propertyId=1016419&from=0

Soz, can't do links.

OP posts:
CarGirl · 09/10/2007 13:03

worst thing that can happen is that you end up moving again and taking out a mortgage - big deal!

If you are mortgage free perhaps you could buy a plot of land and have your dream home built!

TwigorTreat · 09/10/2007 13:04

you could also put the money you were paying on a mortgage into a high interest savings plan .. and hten if you decide down the line you don't love the new house you could use the money you have built up and the interest you've accrued to put towards a 5 bed-5 bath house again .. (or stock market if you prefer)

TwigorTreat · 09/10/2007 13:05

link goes to home page .. can you try again? or give me parameters to search

Tinker · 09/10/2007 13:06

Isn't that the house on the front page?

Original poster
SaveFerris · 09/10/2007 13:06

Crap. Ok, search between £350k and £450k, 4+ beds. Its the white house on Chapel Row.

OP posts:
TwigorTreat · 09/10/2007 13:07

is it chapel row?

TwigorTreat · 09/10/2007 13:07

ooo I knew it was

its gorgeous .. no, really gorgeous .. you have to go see it

ChippyMinton · 09/10/2007 13:09

Looks lovely, off to peruse the details

(don't worry i live about 200 miles away!)

Tinker · 09/10/2007 13:09

Oh phew! Nicer than the house I thought it was

Original poster
SaveFerris · 09/10/2007 13:10

I have seen it! Twice!! I love it love it!!

There is a house closer to the road with the longest back garden in the history of the worls which sides to our back garden (when I say 'our' the new house I mean). The last 20ft or so of their garden is otoally overgrown with bramble so we think they may sell it to us and our garden would be bigger then.

OP posts:
TwigorTreat · 09/10/2007 13:11

god I'd buy it .. if it wasn't for the commute .. then I could be mortgage free too

CarGirl · 09/10/2007 13:11

link please!

ChippyMinton · 09/10/2007 13:12

Get your house on the market AT ONCE!

TwigorTreat · 09/10/2007 13:12

it looks a little bauhaus .. is it?

good dimensions on rooms ..

does it have a builder's guarantee?
is neighbourhood nice?

its a bit of a no-brainer really

Original poster
SaveFerris · 09/10/2007 13:12

We have the estate agents over tomorrow photographing our house, so we'll have to see how it goes selling ours (and getting DH to be 100% committed to the cause).

So if you know anyone liooking for a new house in the Old St Mellons area of Cardiff . . . .

OP posts:
TwigorTreat · 09/10/2007 13:14

what is DH's opinion on this?

Original poster
SaveFerris · 09/10/2007 13:16

What bauhaus?

Its all NHCB or whatever its called. Neighbours to right haven't yet moved in but are both pharmacists (thats all I know) and on the other side they have 2 children I think, deffo a younger child but also one who looks about 12.

OP posts:
TwigorTreat · 09/10/2007 13:18

any more building planned nearby .. any open land that might be built upon?

Original poster
SaveFerris · 09/10/2007 13:18

DH loves the new house and, like me, isn't in love with our house now. So is happy to move.

Downside is people telling him he should be moving up the ladder in his position, not down.

I, however, would be happier having new house and 2nd home in West Wales, a la Relocation Relocation.

For me its the work life balance, rather than having the biggest and best.

OP posts:
TwigorTreat · 09/10/2007 13:20

bauhaus is a german architectural style .. will try to find pics