Hi, we have been looking for a house for almost a year now. We have viewed more than I can remember!
We lost out on one because our sale fell through. That was a 3 bed house, out of town, in need of modernisation and a big extension, £60k under our limit. It had good potential to make money.
Just before Christmas we were outbid on another one. That was a 6 bedroom one of a kind house, in the town we want, needed decorating, at our limit mortgage wise.
Now we've seen a 3 bed bungalow with nice gardens that we could extend bit by bit as budget allows. It's comfortably livable at the moment. It's in town but 0.7 miles away from the primary school we want (so a real gamble as to if we'd get in). It's on a lovely spot though and even has sea views! It's 25k under our limit.
We don't know if we should go for it. There are 2 things that put me off... Firstly there is currently one bathroom, this is a big deal to me, not so much for DH. We'd eventually have 2 but probably not for 5 years. Secondly it's the gamble with the school. If DS didn't get into this school there is another good school 0.3 miles away, it's just not my first choice.
For the same money we could buy closer (0.3 miles from first choice school) but we would have 3 smallish bedrooms, a small garden and in the middle of a large estate.
I'm just so unsure what to do! What would you do?