Owning your own home

In order to meet energy regulation (and associated grants), we need to put insulation under the floor so they need to be lifted.

The refurbished house will then be 2x rented flats so no point going fancy & best keeping it 'bland' as rental income is relatively low in the middle of the Champagne area.

Plans attached for those interested!

lasco

I have dropped them an email.

If the price is right, I can lift the tiles, put them on pallets and deliver them to central London.
However, I am not willing to do this if they offer my £10 per sqm...

I will keep you guys posted!

House sharing is not popular in the countryside unfortunately.

The house needs full refurbishment to be livable really.

There are grants we have applied for and there will be a rent cap.

I am interested in the tiles - I have emailed the boss and will pm when she answers.

Free Champagne when you come to lift them ;-)

http://lasseaux.com/

So I'm looking to sell my flat and upscale to a proper house in the burbs. I have the option to sell and buy together, as per the norm, or do them separately and staying with my folks in the interim. The later enables me to be chain free for both the sale and the purchase.

My question is, is that worth much? I risk house price movements and a large chunk of money potentially becoming less valuable if I don't find anywhere fast enough. Conversely I may gain better sale and purchase prices due to chain free status.

Anyone have any advice? I have no idea.

Pure speculation and my guess of the markets is no better than anyone else's, but isn't there as much chance that values are going down and so selling sooner / buying later might get you a better not a worse deal?

Guess it depends on relative pricing trends in London / outside London as well as the crystal ball gazing that is the economy over the next 6m+

@Hovis
Historically it seems more likely that you'd lose money by sitting on it as prices have been going up and up. That said, at the moment, at least in my area (SE London) then prices seem to be stagnant if not dropping slightly.

I'd guess that now is slightly less risky to have a gap between buying and selling. You could be a bit more attractive to buyers and sellers, and if prices aren't climbing then you might not lose anything by waiting.

Caveat - I have no absolutely no idea what I'm talking about

That's my point - I don't think we're in bubble territory anymore, prices aren't marching ever upwards (and I don't think they will, certainly not with all the Brexit clouds looming).

How long would it take you to go bonkers living at your parents? Or before they go bonkers?

The danger being, with less drive to find somewhere to make the chain work, the more likely to you to be picky, making it take longer, making parental bust-ups more of a likelihood?

Personally, I'd like to avoid moving twice. That said, if I could sell most of my stuff, and effectively start again, and have a bit more leverage when making offers on a place, a short stint at the parents might be viable.

Cheers all, am not looking to play the market at all. Just want to avoid the stress of a chain, and a position of leverage would be a nice bonus.

@Howard I don't think they would drive me bonkers much, although I could be being naive. And I don't have much stuff, and their house is huge so lots of space to keep all my stuff. Good point with the having to move twice though. I think I could live with that though.

Are you moving to Catford?

Catford ≠ suburbs

Think it depends where. When we were looking to move out of London, even though our place was on the market, some agents wouldn't take an offer until we had accepted an offer - so it could stand you in good stead.

Afraid not, most likely moving away from my beloved SE and heading out Surrey way. Current thinking is Surbiton/New Malden/Worcester park type places. Maybe Sutton. I need to go and spend some more time out there. Who knows though, I still have a thing for Lee but I can't make it make sense for far too adult reasons.

Look at what estate agents do. They almost always sell their place and rent, then they are in an unassailable position as chain free cash buyers when they wish to buy.
Brexit looks like it's pushing normal property prices down. If you were ever going to do it, now is the time.

This is correct.

Take heed of this.

Surbiton/New Malden/Worcester park type places

Ooff. Make Lee work and stay SE.

Don't listen to them. Move to the proper side of the river. #NDubz4Lyf (or the foreseeable future anyway)

A little bit yeah

When your missus's folks, and your own folks both live in west london, and you're getting to that age, you start to lose your mind and think way to practically.

I lol'd.

Why on earth would you want to live near your parents and the parents-in-law? That's crazy talk.

You want them just close enough but just far enough. Mine are on the other side of London. With most of the midlands between us.