What are the rungs on a usual property ladder?

[flownthecoopkiwi]

Reading the mortgage thread and people talk about skipping rungs....and to be fair I wonder if we have too. Going from small three bed semi to large detached 5 bed.

Or maybe we haven't...what are the usual steps?

I don't do rungs.

Moving is hideous.

I'm in the first home I bought and I'm staying in it.

I do the really see rungs, we've always just bought what we can afford for our needs. I think the rings look different for everyone.

I think DH and I skipped a rung straight to a 3 bed semi as we bought after we had hit our 30s, wanted to start a family so a starter home would never have worked for us. We borrowed as much as the bank could lend us and that we could afford the repayments. We wanted a 3 bed as a minimum so that even if we were stuck, in a small 3 bed, we still had that extra 3 bed.

In my family you generally purchase a small house or flat then move on to a family sized home then downsize once the children have left home paying off any remaining mortgage and spend/save whats left.

In dh family you buy any house you can pay for and never move again ever.

Im desperate to move and have been for 20+ years. Dh will not even contemplate moving because its just not done in his family. They pay off the mortgage and leave in a box 100+ years later......weirdos

My rungs have been rental flat, 2 bed flat, 2.5 bed house and then 6 bed semi-detached house... hoping to move to a 4 bed detached soon but in a much nicer area than we currently are in (so a downsize but upgrade in area)

I went:

1 bed flat
1.5 bed cottage
2 bed cottage
Rented 2 bed flat
Then what we are in now is a 2/3 bed semi

Hopefully this last one will last a good 10 years

I agree that rungs are different for everyone, as you can skip one or two depending on circumstances.

Here is was:

1 bed flat
2 up 2 down Victorian semi
4 bed Victorian townhouse (London)
5 bed detached (rural)

We moved from our 2 bed semi to a four bedroom detached house that we're probably going to stay in forever.

We overpaid our mortgage on the first place and saved a lot so we could afford the bigger house (with a bit of extra help from dh's parents). If you can afford it, why wouldn't you buy the house you want?

I have been up and down the rungs as my life altered, not always in a good way.

3 bed 60's build semi
Moved out of that into rented accomadation
Mkved out of that into a bedroom in a friends house
Moved back into original house
Bought a 2 up and 2 down
Bought a1930s semi. Stayed here for nearly 21 years.
Thinking about moving, but there again I do every couple of years and then don't!

I bought a small but extendable house in an area I loved and stayed there.

Are you me? We are doing the same. 3 bed semi to detached 5 bed.
Looking forward to not worrying about how much noise the kids make.

I bought a 3 bed end of terrace in Hampshire. Over the next 5 years it increased in value so much that I now have a 3 bed detached with 4 acres. It is in Wales though! Been here 13 years, built stables, not intending to move ever again.

Even so, I think that by moving area I skipped a good few rungs!

There's not a set process really is there. We went from renting a £500pcm house to buying a spacious 4 bed. All thanks to inheritance! I know a few who have done similar

Our rungs FWIW....

One bed cluster home with no garden

3 bed new-build semi, small garden, driveway for 1

3 bed new-build detached, small garden, parking for 2

4 bed exec detached, large plot, parking for 4

Now in 3 bed detached bungalow (large plot, plenty of parking) for health reasons

All within a few miles.

1 bed flat in a converted terrace
2 bed Edwardian terrace
3 bed 30s semi
5 bed Edwardian semi

I think in certain bits of the UK, stamp duty has changed the property ladder - just because of the vast cost of moving. Some people I know are eg renting what might be the second step - and then purchase wise jumping first to third

Rungs for us:

1 bed rented flat
2 bed shared ownership flat
2 bed terraced house
3 bed link detached with room to extend

We've got plenty of room and plan to stay here at least until we've had another baby and the kids are 8/9 (secondary schools around here aren't the best). PFB is only 8mo so we'll be here a while

from zero to 3 bed but extendable Victorian house in nice area in London

stamp duty alone doesn't make it worth 'upgrading' in London, because any upgrades I'd like would be worth 1m or above...

I've lived in the same 2 bed flat that I bought age 21. Bought ExH share in divorce. Now age 29 and about to reconfigure layout to add an extra bedroom. It's SE where the next step is eye wateringly expensive so it'll be a long while before the next leap. By then the children will have flown the nest so I might not want the next leap.

We married and bought a 4 bed semi which we extended
Then moved to another town and bought a 3/4 bed detached
I like living in a detached but the jump in price is scary

Sorry that should have said 3 bed semi

It depends whether you move around the country.

We rented flats individually and together, then bought a 3bed small house in a scruffy bit of London as a doer upper. Rising property market pushed it up in value and we then moved out of London to a house which we've extended to 4 bedrooms.

We're not going up any more, we will either move back into a town which will mean going smaller as we don't want to increase our mortgage, or downsize if we survive teenage years when dc leave home.

First home was dh's one bed country cottage, then we moved to a 5 bed end terrace Edwardian in a town, then back out to a village to a Georgian 4 bed detached. We still own the last house, but currently live abroad.

We pushed ourselves for the last house which we bought in 92, but it was and is my happy place, and my forever home, although we will perhaps look at downsizing a couple of years after we come back to the UK, once any CGT has fallen out of the equation as we let it out whilst overseas.

Our first house was a 3 bed ex-council mid terrace, now in a 3 bed semi which we just paid off. We desperately need a bigger house as 3 smallish bedrooms with 5 of us, and me working from home in evenings means it's really cramped, but DH not keen on having a mortgage again

First house was very small 3 bedroom end of terrace
Second was bigger 3 bed semi (smallest bedroom larger than largest bedroom in first house).
Third (and current) 4 bed detached with large garden. Been here 19 years so far.
Will probably move once more after we have retired.

I hate moving!