!homeowners would you rather stay in your slightly too small unglamorous house which you'll pay off completely within 7 years, or move to a much bigger more glamorous dream home, with a way bigger but still affordable mortgage for another 20 years?
I just don't know what people do in these situations.
I want the house but I don't want the added risk a bigger mortgage comes with. I.e. would need to build up bigger emergency fund despite having bigger outgoings.
I don't like my current house but I do like the idea of having no mortgage outgoings in 7 years.
What would you do or what have you done when faced with this decision?
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Can you build on to the less glamorous house?
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Could do and that was our initial plan but for what we wanted, a 1.5 storey extension plus changing layout of existing house we were looking at £90k, and would still have e no garage, no en-suite, no study, etc.
So then started looking at moving and here we are asking dramatards for advice on major life choices.
No straightforward decisions.
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