How long did you stay in your first home for?

[phoria]

The first one you ever bought I mean. And how much equity did you have when you sold it? Just curious. :)

Lived there for 3 years. It was in negative equity then so I rented it out (had saved deposit for next house through having a lodger). I still own it now.

Lived in it for a year, made £50k, back in 1998

Just a year? Wow.

6 weeks
Next one 10months
12 years
20 years

Lived in it 2 years, made 18k when we left in 2009.

It was London!

Still - wow!

Oliversmumsarmy - only 6 weeks? What happened?

4.5 years and made £6k, which was 10% of what we'd bought it for and we were happy with that.
Been in the current house 16.5 years and going by what an identical house has sold for a couple of years ago it's increased in value by over 250%. It's all relative though, if we sold it we'd have to buy somewhere else!

Lived just over 3 years, made £225k

We stayed 12 years. Gutted the place. Extention. The works.
Sold in the slump of 2011
Equity was grand total of £20k (which was enough for a small deposit)

I'm still in my first house and have been here for nearly 10 years now. I've got about 30k equity at the moment and I'm starting to think about moving to a doer upper.

13 years. Bought it as a student house and let out the other rooms to friends, then eventually kicked out all the lodgers and took it on by ourselves.

Equity was £100k when we sold

We sold last year, just before Bexit by the way, SW London- insanely lucky all round...would've def knocked off £50k from the £225 we made now

Bought ours for £140k in 2009, sold in 2015 for £154k. We had spent a fair bit on it (perhaps £12k ish in total) but some of that - eg putting a lawn in the back garden - wouldn't have added value as such.

We bought it to live in it. Got the keys on exchange and spent the 28 days before completion clearing it and decorating, new orange bathroom, it was the 70s, and kitchen.

Moved in on completion. After 1 week dp suddenly got a job he had interviewed for 200 miles away. House went up for sale and sold straight away. Cash buyer and 6 weeks after we moved we moved. Made about £1000.

Forgot our next place was one we lived in for 6months.

We moved after 8 years in a bungalow.
We wanted to extend upwards but were told that bungalows are sought after (especially in our area) by retirees thinking about their future and I'm so glad we moved rather than extended.
£50k equity on moving.

Bought my first place 13 years ago (after renting from 18) for £180k; now worth £350k of which £10k mortgage remains.

By equity, are posters separating out the difference between what they paid and then sold it for? Or the amount they had left after paying off the remaining mortgage?

Because we had 97k left after we sold our house and paid off the mortgage.

Yet we sold for 3k less than we paid for it after 12 years of owning it........

Still in mine, 16 years later. Bought for 200k and now worth about 625k!
My parents are still in theirs too. Bought for 6k (!) in 1969 and two extensions later, it's now worth close on a million I would think!
Both London (of course).
One reason to feel pleased I'm as old as I am!

Sold last year In September, been there 6 years, 13k equity :) not too bad considering all house prices had fallen...

Moved 3 years later. Had planned it as a starter home but Dd arrived and we found it too cramped.

Have been in the next house for 16 years despite it not being my forever home.

Sallylondon - that's insane! From 6k to nearly 1mill!!

Oliversmumsarmy - you only lived in your next place for 6 months?

mollyminniemo - that is so lucky!

Lived there 3 1/2 years. Place doubled in value in they time (from £100k to £200k) made a huge difference to our lives financially, looking back, but total luck of right place right time. (although we did also totally gut and redo everything too)