Saturday, 2 November 2013

Time for my brother to step up

My brother is desperate to join the property ladder, bless him.  He is starting to settle down with a lovely girlfriend and want more stability and a better future for them both.  Buying a house round here is tricky though as there are so few for sale, when one becomes available it goes fairly quickly and usually very close to the asking price.  He had considered buying our house when we had grand plans to move to a bigger one, but we decided to make that a long-term plan and channel our finances to clearing debt and getting straight.  In five years we might be able to live that particular dream…

One option is a property in another city; it’s harder to manage it then of course but it is definitely an option if you cannot find something suitable on your doorstep.  Ideally it helps if you have family or friends in that locality to keep an eye on it or you could employ an agency to sort that side of things out for you, but then it would eat into how much you could earn.  I guess with the government news of the help to buy scheme more people than ever are on the hunt for their first home.

If he does widen his net I have seen a few lovely properties with estate agents St Albans it might be the incentive he needs, if he makes the move he will have a choice of employment opportunities too or he could stay local and rent it out until the time comes he might want it for something else.  Although saying that buying closer to transport links and cities does seem more pricey I am not sure he could make that leap just yet.  Perhaps I should not have looked as I saw a property I quite like the look of now, time for a spot more daydreaming!

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