Have you ever bought a house that was a massive mistake?

[peachjuice]

I've exchanged contracts on a new house and I'm now thinking I've made a massive, very expensive mistake.

Has anyone else been in a similar position? How did it turn out, did you move again quickly?

Yes bought a house that led to a separation as ex partner wanted it far more than me and I ended up resenting.

It's very possibly just nerves, OP. I was super excited about our new house but am now back down to earth with a bump after having moved in.

You will make it yours in time and it will very likely feel better. If not nothing is forever, don't feel utterly trapped, there's nothing worse.

@peachjuice

It is since I've exchanged, yes. Not sure if I was being carried away by excitement before and now I'm thinking... what have I done?!

I originally started looking because I wanted a downstairs study and more space.

I've somehow ended up buying something with no downstairs study and less cupboard space. Started thinking about where I'm going to put things and had a bit of a panic and a massive cry this morning thinking what the hell have I done! I also don't think the garden is going to get much sun. The rooms are bigger and it's in a nice area but I'm doubling my mortgage for what feels like a house that doesn't have enough advantages over my current house for it be worthwhile aaaaaaaargh.

I could have written this post. I chose the house because of the local school but it is doubling my mortgage for only a tiny bit more space, bigger garden though and it needs a whole bunch of work doing to it. No updates since the 80s.

I drove past it yesterday and my heart sank.

Yes the new build I'm in atm.
Going on market post covid whenever that is

When I moved into this house, I thought what the hell have I bought. It's a three bed semi on a quiet road in a decent area but it just felt wrong. What didnt help was that it was chuffing freezing.

Three months later, I've put in a new boiler, upped the insulation and have added a wood burning stove and am starting to make my mark on the place.

I now love it. Dont fret it doesnt have to be permanent.

Our house ticks all the boxes, but we overpaid and widely underestimated how much work the garden needed. It's the huge mortgage that we'll still be paying into our early sixties that makes me think we've not done the right thing.

Having said that we've been so fortunate to have plenty indoor & outdoor space in lockdown, not on a busy road as our last house was etc.

We've got all the insurances etc and always the option of downsizing so I don't know why I don't feel quite right about it!

I moved in haste to my current house, however I did view a lot of properties and this was the best in my mind.
I had to downsize due to divorce and luckily a kind friend offered me the chance to stay between moves in her house which she was not living in.
As soon as I moved in I think she regretted it as she immediately said '3 months'. She had only been staying at her house occassionally as she had remarried but had kept her house.
Cue me having to start house hunting crazily even though little was coming on the market.
The area I now live in is at least familiar to me as I worked here years go, but is not an area I would choose to live if I could have afforded to spend more on a property.
I have gone from detached to a semi and I do not think I will ever get used to hearing neighbours again.
I am also pragmatic about it most of the time, I am mortgage free, 3 beds, garden, garage and a drive to park on. In my preferred area I would have had to pay more for a 2 bed terrace with street parking and no garden.
It needs a new kitchen and bathroom, but since I am continually in two minds as to how long I will live here I keep putting that off.
Do I stay and make the best of it or move to an area where I would prefer to live....
Almost three years down the line and I am still stuck.