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?

After renting (sooo many flats during student / early work days):

• 1 bed flat in Surrey
• 2 bed flat in Glasgow (cheaper than the first one!)
• 3 bed terrace house (was still single)
• 3 bed detached house (first house DH bought so his first rung but several into mine)
• 5 bed detached

Not moving again until DD is moving out to go to uni (she's 3 just now).

My rungs

1993 (aged 20) onwards rentals

2002 purchase my own 2 bed maisonette £60k ish

2006 - buy 3 bed detached £18Ok. sell my maisonette for £90k. partner rents out his 2 bed house which he also bought for £60k in 2001
before we dated. put down £30k deposit from sale my maisonette.

2016 - sell 3 bed detached for £206k (we added a £15k conservatory and £5k bathroom kitchen so broke even) DH sells his house for £90k

2017 - 2 weeks away from a 5 bed semi in better area £285k we have cash deposit of £50k due to savings and DH's rental home sale. There is also £90k equity in house.

we will move again when kids finish school to my dream area. this house is a compromise as its near the grammar we got into. it would not be my choice as nothing going on there!

it also feels ofd moving from a detatched to a semi when it should be other way x

I accidentally put a kiss as I was thinking about a text to my mother.
The shame!

lol middle. Back at ya ----> x

3 bed flat
4 bed semi detached
Really stretched to get 6 bed detached house, stamp duty top band meant we only wanted to move once as it got very expensive.

OK so my rungs are:

Rented house share
Rented Bedsit
Rented one bed flat
Bought 2 bed terrace
Bought 4 bed semi with partner
Rel ended, semi sold
Rented 3 bed house
Bought 4 bed detached with new partner
Moved area to 4 bed Victorian terrace
Not going anyway again!

still on rung 2, but we've done:

• 3 bed semi (small) - bought when 100% mortgages were still available! Made £130k profit and bought:

• 4 bed semi (large)

plan is for next house to be "forever house", so planning on 4/5 bed detached.

I really feel for those who didn't manage to get on the "ladder" before the crash. We might well still be renting if 100% mortgages hadn't been about.

Our rungs have been:

2 bed flat with 100% mortgage
3 bed conversion with garden and garage
4 bed doer upper
3 bed with potential to extend in good school catchment

We'll downsize once kids are in uni.

1 bed rental flat in expensive town
2 bed Edwardian terr. in cheaper town (fab)
Next step......(if we sell quickly)
4 bed Victorian cottage in a villag

We hope this will be our last move until we no longer need a family home.

I moved from my parents to my DPS 2 bed (well 1 bed and a box room) terrace. We will hopefully be going to a 4 bed whatever and will stay there forever.

I personally think the idea of the property ladder is a fallacy now. Every single person I've spoken to about this has said if you plan on eating bigger in the future then buy as big as you can afford now. I know a fair few people still in their "starter homes" they bought at the height of the market and are now stuck there because prices have never recovered in our area. Me and DP and lucky in that his parents are willing to take us and the baby in for a few months so we can save pretty much every penny of our salaries to add to the meagre profit DP will make from our current house.

Just 2 here.

New build 3 bed 1 reception townhouse with family bathroom
& garden

Moving to a detached 3 bed 3 reception 3 bathroom bungalow with utility room, double garage & large garden.

Never moving again. I guess we skipped a rung but we came into
Some money through unfortunate means. Still have a mortgage but not a big one in comparison to the house.

I'm not sure that there are a lot of rungs for most people anyway. There really aren't that many big 5 bed detached houses for people to end up in. In my area, most families who are lucky enough to buy a house stay in your typical semi or modern detached. They don't have the money to continue moving on up.

First house was a small 3 bed semi. 2nd house is a larger 3 bed semi, and we're pretty much here for it now, unless circumstances change. We might extend in later years if we can afford it.

Me and DH shared a tiny double room in a rented flat.

Bought a 2 bed semi.
Extended it to a large 3 bed semi. Had DD.

Bought a 4 bed detached with several acres in a nicer area.
Are currently extending to make it a much larger 4 bed. Want to have another DC and stay as long as we can manage the land.

Our first house is our permanent home - 6 bed end terrace. We definitely skipped a few "rungs" but even though I wish we hadn't had to rent for all those years it has worked out.

Our steps (so far) were similar to the OP - 2.5 bed mid-terrace to 5 bed detached. Didn't stretch ourselves on the first though, left savings in our original country that then financed the deposit on the 2nd house, avoiding bridging finance. (stressful couple of months with crazy large mortgage though, and young children - wouldn't have got that nowadays I think).

We may move areas in a couple of years, husband has a crazy commute and the reasons for staying put will end soon.

We didn't manage to buy until we were 35 (4 years ago) and we live in the South East so we went straight to a 3 bed semi. We have already extended the living space and next year we'll make the kids bigger bedrooms, add another bathroom and a utility and replace the drive. We could afford to move but to end up with something similar to what we will have will cost £200-300k more than we will have spent on this and I'm not up for that! So we'll stay put I think. DC have 8.5 years left until they are done with the secondary school down the road and location wise this house is near perfect. I'd only move if I were moving out of the area now.

No idea! i do know that moving is much more expensive than it used to be (especially at the higher end) so it makes no sense to move any more than you have to. My parents moved far more often than I would consider now - essentially sideways moved after a point.

We (or rather DH) bought a small 2 bed Victorian terrace in '94 (good move), then a new 4 bed townhouse with tiny garden in 2000. And a fairly large 4 bed detached period house with large garden in 2005. We are staying here forever!

Both times we moved, the new house was about double the price of the previous one. We certainly can't afford to do anywhere near that again so it isn't worth moving. Once thought we would do one more move, but it is not economic at all. So we have just invested in extending and rearranging instead. Spent less than the stamp duty!