Hi
I am in v fortunate position of owning a flat ( DPs helped me to buy) then met dh and we bought a house and kept the flat on which I rent out. We now live in the same area in a great location 40 mins from London. It's ok but in a student area which sadly is being more and more engulfed by landlords buying up family houses and letting out to students and I don't see this getting any better. We have a nice 3 bed semi with a teeny garden but a fantastic garden room. In an ideal world ( and without the risk on the area becoming even more developed) I would do a loft conversion for 50k or so and spend a decent amount on the tiny garden to make it nice so that it was perfect. We are already in a great school area and ds is in local school albeit we live in the less nice area of the school catchment! We had thought about having another child but that is looking increasingly unlikely now so it seems our house is big enough for us. So question is should we stretch ourselves and sell the flat for a bigger better house with big garden to "keep up with the Joneses!" And future proof ( they always say on property programs move in as few steps as possible! Or just stick with what we've got.. small but perfectly formed! I don't think ds or dh care either way and ds loves having his own garden play room and I'm sure will use it more to play with his mates as he gets older.( he is 6). Any views from parents with older kids welcomed. Most of our social group have massive gardens and I feel sad for ds when we come home to our teeny garden but I think this is irrational .
So I thought maybe we could sell the flat and our house and buy dream property but then we would be over the barrel if we lost our jobs or in the unlikely event I fell pregnant again but flat pretty much takes care of itself ( I manage it and have done for years and have never had bad tenant And it s highly rentable area.., ds could live in it in 12 years if he wants to go to uni!!! Aah don't know what's best to do!!!