Whats your house History

[ChelseaHarvey]

Just wondered what your house history was and how you got to where you are now!!!!!

We only brought just over a year ago and i wish that we had brought sooner, we would prob be further up the property ladder by now. I regret renting since i was 18 but then i guess that we never knew what was going to happen with me and dean

We occasionally look at houses up for sale in our area and looked today. Our next house we would like to get up to the £200.000 mark if we can do it.

The next house will be where we stay for a good few years, so i want it to be somewhere that i feel is big enough for us, for alfie growing up
& maybe if we do have number 2

I keep going on about getting a 4 bed next time, its what i really want, but house prices in our area ior surrondings you dont seem to be able to get, all the 4 beds i have seen are above the £200.000 mark we may not even be able to afford that :no:

Saw this one & LOVE IT http://www.rightmove.co.uk/viewdetails-7268770.rsp?pa_n=1&tr_t=buy

& love it, were going to have a look on friday just to see how big it is...

The house we are in at the mo we got for £141.000, i really just dont get though how people have houses that are around the £300.000 and how they afford it

Well i guess good jobs and maybe being on the property ladder for years. Id dread to think what the repayments would be on a house of that amount, its scarey enough on the £200.000 one, and id def have to consider going back to work, or make sure that i did at least 11 jobs a month of promotional work but then you cant always guarenttee that there is always work

The way i look at it is if you want to get somewhere in property, isnt it best to go as high as your finances can strecth although not so that you are struggling to pay your morgage and live..

I do think though that if we went as high as that at the mo, we wouldnt get to go out as often as we do for meals and me clubbing, going clothes shopping etc and i think i could handle that but maybe i couldnt infact i know that after the novelty wore off id prob hate it :lol:

Whats your house history and how did you get in the position you are in now

[Littlejojo]

when i first bought a house it was on my own 10 years ago. I went to about 3 or 4 building society's and found, out how much I could borrow, and how much the re-payments were on certain amounts of borrowing.

I then went to look at houses, I went about £10k below what i could of borrowed. That was because I was 26 on my own and still wanted a life. 10k was a lot then remember 10 years ago, houses were quite cheap.

I have a nice profit, but again when i move I will not go to the maximum amount we can borrow

[Lucky 13]

I rented a 3 bed house from a housing association for 10 years, then moved form london to Doncaster buying a 4 bed house for £30,000 in 2001. I Then got married and moved to Essex in 2004 after selling my house for £100,000. We put a large deposit on our current 4 bed and its now worth about £185,000. We are currently selling this house and hope to go up to about £200,000 and another 4 bed but in a better area. We are going for one that needs a bit of work as my Oh is a carpenter and knows a lot of people in the buildng trade. The link to house you like is gorgeous Chelsaeharvey. When we do move I would like to stay put for a long time.

[~Twiggy~]

We bought our first house in 1997, it was built in 1910 and is a three up Two down mid terrace. We got a joint mortgage and the property was bought for £35,000. It was pit and was totally run down. We had a new roof, new windows, new flooring, new heating and plumbing, rewiring. We had everything done on it. We spent another £12 grand approx doing this and we did a lot of the work ourselves. I knocked plaster off the walls and ceilings and got blisters to prove it! :grin:

We had it valued after nearly completing the work and it is currently worth £140,000.

In the meantime my partner had started his own business and we remortgaged our house and bought a second property. Twiggys bungalow.
This was managed because lordship had some money from the sale of his parents house. His mum moved in the bungalow with our delinquent dogs when I gave birth to J. We then finished the work on our Terraced house and moved in with Mil when the work was being carried out. A year on she has moved into the terrace and we have the bungalow. We now plan on redecorating and maybe extending or moving on. It depends on the housing market and if we decide to keep our terrace and rent it out or sell both and get a bigger property. Say for £245,000. This means that Mil would move in with us or we build an annexe for her. :brainache: :doh:

Also we own a business premesis which is for keeps and we can rent out if the business goes tits up.

That's more or less us.

[choccy eating monster]

Lived in a council flat 1995-1996 with ex. We split and i moved back to mums. It cost about £40 per week in council rent. or was it £40 per month? Can't remember!:doh:

In 1997 bought 2 bed terraced house with partner for £26,500. Was a repo - but apart from horrid floral wallpaper a very sound home.

in 2004 sold it for £99,995

In 2004, bought 3 bed detached house in nice area for £187,500. Put down £80k as deposit.

so, went from a lovely £150 per month mortgage to £800 per month mortgage. Hmmmm. :rolleyes: is that progress???

But without that profit from 1st home, we would NEVER have got this house on our wages!!!! But we didn't go into it thinking of profit - we just wanted a home together back then!

[RedTiger]

We've not done very well out of the housing market! Bought our first flat, a 2 bed in 1995 for £38k, sold it 18 months later for the same price :rolleyes: (we'd put a new bathroom in and redecorated the lounge but thats all) Bought a 3 bed new build end terraced for £57k, sold that 5 years later for £63k and bought a 3 bed detached for £82k and we're still here, don't plan on moving again but would like to extend when finances allow - there's loads of extending potential. The house is worth about £130k now, nearly 4 years on so we have eventually make a decent amount of money on a house - just a shame we won't be selling it to take advantage of this :lol:

I wouldn't like to take a mortgage out for any more than we have just now - that's bad enough! I'd have to have most of the money available before I extend, I just hate being in debt.

[minigirl]

We were very lucky buying our first house. We rented in London for 2-3 years and while we were there saved like mad for a deposit on a house, we managed to get together about £30k which we used to buy our house in Bath for £171K in 2000, at the time this house was empty and had been on the market for ages so we were quite lucky to get it for that price, and even more lucky that just afterwards the house prices in this area rocketed!

We started off with a massive 40 year mortgage, but have put all our money into it for the past 6 years and now only have £3.5k left to pay :ellie: I don't really know what the house is worth now, but we have updated it lots and our neighbours' just sold for £300k.

Our next plan is to get something bigger, before we have any more babies as we're now maxed out on space, only problem there is that the next size up is probably another £200k on what ours is worth! Our other dream is to build our own house, which may actually work out cheaper if we could find suitable land etc, but I think that would take more planning than we have time for at the moment.

[popinjay1]

I bought quite late. On my own in 1999. A 1 bed flat in London for £52k. Sold it in 2004 for £140k so made a tidy profit. I had moved in with my DH by then and had rented it out for a year. We were then living in DHs council flat renting. We bought a house in Northampton for £144k last year but didn't actually fully move into it so we have now rented it out. But we couldn't have done that without my £72k deposit.

We are going to sell next year and will probably not make any money. We are now likely to look to buy in the south, probably Surrey way I think and our budget will be £230k tops. As we will both be still earning London wages we could stretch to that. But we shall see. Everything is up in the air really as to where we are planning on settling for the next 5 years or so.

If I hadn't bought when I did though and we didn't have such a huge profit I doubt we would ever be in a position to buy anywhere. Whilst we have London weighting my DH is a postman so not a big earner and I am only in admin. Its quite depressing really.

[frog]

Chelsea, that house looks lovely, wish mine was as tidy as a showhome! :lol:

I think the best way for us normal people without minted parents to get ahead in property is to go for a dump and do it up. Whether you do it to sell or to make a home it's a good way to get one step ahead of yourself. My parents did it on a few houses, it means you can buy something bigger or in a better area and ok you live in a tip for a little while but it gets done and you end up with a house you couldn't otherwise have afforded to buy.

It's the same sort of thing with mine and DH's home. Houses round here go for seriously silly money and there is no way in hell we could afford to just come along and buy this house, we wouldn't even come close. It's a barn conversion and DH managed the whole project himself and did most of the work (except the v heavy stuff like lifting the roof! :lol: ) so he did what is now a nice place for about £40k :smile: These days it's almost 'trendy' to do a conversion job so knackered old barns and houses are a bit dearer but there's still mooney to be made or saved if you're prepared to roll your sleeves up :smile:

[cheeky_biscuit]

We bought in 2001, 3 bed semi for £75K. We're looking atm, not v. successfully for a detached house which has office space for OH. Our house isn't currently on the market, we have figures for renting (£6-700p/m) and selling (£150K) off one estate agent.

[Moffgal]

Used to rent with ex and then alone.

Met DH and we bought our first home, 2 bed semi in 2001 for £54k. Then when we got pregnant in 2004 we looked for somewhere bigger and bought 3 bed detatched literally right across the street for £159k. We borrowed against our original house as it has well over doubled in value to get a deposit and we now rent that house out.

Looking to move again, but I'm willing to hang on here as long as poss to get as much cash/equity together as poss. This house is a small 3 bed, but it's fine for now and we have parents with big houses and lots of storage space to help us out! Think the only reason we'd move at the mo is if another little one came along (third bedroom is an office).

Moffgal