Are You Ready For 3-Bed London Home Ownership?
So, are you really ready to take on the responsibility of owning a 3-bed London home?
Here are some things that you must take into account when deciding whether you’re ready to take move from renting a property to buying a 3-bed home.
The Ability To Personalise Your Home
When renting, you can’t paint the walls and decorate the property to your personal tastes to make it really feel like ‘home’…!
Therefore, if you want to have complete control over how your 3-bed home looks, feels and flows (think floor-plan and layout) then you’re potentially ready to buy a 3-bed home!
You Know Where You Want To Live For At Least The Next 5 Years
If you have travelled and seen a wide variety of locations and you have settled on a particular location, and you are confident that you will stay in said location for at least the next 5 years, then you may potentially be ready to buy a 3-bed London flat or house and make it your home!
Aspects to consider include:
Are you settled at work?
Is there a clear promotion path at work?
Are you settled with a girlfriend/ boyfriend/ partner or married?
Are you potentially looking to start a family?
Why 5 years, I hear you ask?
Well, it is very rare to purchase a 3-bed flat or house in London, decide that you don’t like the area and then sell it less than 1 year later and make a good profit without doing some renovations to it!
“Therefore, if you want to have complete control over how your home looks, feels and flows (think floor-plan and layout) then you’re potentially ready to buy a home!”
You’re Ready For The Ongoing Maintenance
There’s a lot more maintenance to a 3-bed property when you own it!
Lightbulbs, boilers, ovens, flooring, showers, baths… The list of ongoing maintenance can sometimes seem (and be!) never ending.
It is one of the sacrifices that you take on when buying your own home.
However, if you are fully prepared for what will come your why over the course of the coming months and years, then go for it!
You Simply Want Your ‘Own’ Place
Renting a 3-bed property ticks this box to some degree.
However, renting a 3-bed property and owning a 3-bed property is vastly different when it comes to the property feeling like your ‘own’ place and like a true home.
A real sense of accomplishment and pride can be found when buying a home, which a lot of people are after!
Having read some of the things to take into account, do you now feel ready to take on the responsibility of owning a 3-bed London flat or house?