Head v heart

[Curlyfifteen]

When buying, how much do you go with your head (practical, investment etc) v heart - feeling excited and wanting to be in that place?

Right now there is a lot of pressure. Interest rates keep rising. In our area (home counties) not sure if prices will drop either to make up for the rising interest rates. We are holding onto an interest rate from earlier this year if we complete v soon.

Found something. Everything good. But one thing. Living-dining room is smaller than we have now and narrow. This was high on my wish list - family space. Hubby likes it. Do I just live with it for given thats the only compromise? Toddler less keen, says its too small for us (which took words out my mouth).

Don't think short term living is an option as recession coming. Can be extended a little but we have no money for that anytime soon (nor am I keen to have dust and project management to deal with).

Heart or head?

Already lost out on other chains that broke, tired of the whole process.

Personally, it my hearts not in it then I wouldn't move... BUT that's presuming that you are already living somewhere that you could ultimately stay. If you absolutely need to move then a smaller kitchen diner is an ok compromise to make IMO

We have a 3 bed semi. One bed is an office. Both work from home. One room is my girls. Another on the way. So will need more space soon. And no storage! Only 89sq ft.

Congratulations on your forthcoming arrival! I personally think that downstairs living space is more important than upstairs bedroom space - especially with little ones who you will want to be with you all the time. If you own your current property (ie: you don't have to move straight away) I would keep looking. It's so important to love your home - especially when you are spending so much time in it.

Thank you.

if i follow heart, we will lose the good mortgage interest rate and our affordability will go down.

we can do a small 3m extention but we may not afford it for 3-5years time.

I always say to people. Be careful what ur compromising on. When u love the house so much u let go of things that are on ur list.

After a time u are left with just a house ( the newness wears off ) and all ur compromises.
Make sure ur happy with the compromises.

Personally I have always bought houses that are massive compromises, because they have ticked enough boxes and I couldn't tick all of them without loads more money. So you do have to be pragmatic, think carefully about the pros and cons, decide whether you could get anything better for the money and then stop worrying. I have felt sick every time I've agreed to buy a house but I've never regretted any of them long term.