Owning your own home

You are reading a single comment by @ReekBlefs and its replies. Click here to read the full conversation.

•

rodabod in reply to @ReekBlefs

I know £20k is a lot of money, but just bear in mind how much you may spend while looking for somewhere else. I don't know your personal circumstances, but I was spending £18k a year with my girlfriend on our old flat.

What's the £20k for - a new roof?

•

ReekBlefs in reply to @rodabod

I underestimated slightly - it's £7k for repairs and £16-20k to get the lease extended (it's currently at 66 years).

But it's not the money in isolation - it's the fact that I'd feel mugged off paying a cumulative £220k when flats in this block tend to go for £175k-£180k WITHOUT work required. I don't mind paying a bit over the odds to get in but that feels excessive, esp when this flat has been on the market for six months already.

•

NotThamesWater in reply to @ReekBlefs

Your decision to pull the offer seems entirely sensible

Paying 20% over the odds seems nuts.

In another few months time, put in an offer on the same place, but at £170k.

About

Avatar for ReekBlefs @ReekBlefs started