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Accommodation advice please!

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  • 04-11-2012 10:49pm
    #1
    RubyXI
    Registered Users Posts: 1,596 ✭✭✭


    Hi. In a bit of a dilemma.
    I'm thinking of buying my first property. I am single with no kids.
    I currently rent in the city centre and work in the suburbs. I like the city centre. I was thinking about buying an apartment in the city centre as there are a few affordable ones there. However I don't know whether city centre is a long term prospect.
    Then I thought maybe I should try to find a place in the suburb where I work. Properties here are more expensive. It would be more convenient for work. It's a nice area and would be a good long term area.
    My other issue is that I don't drive so currently get a bus in and out of work.
    If I moved close to work, it also ties me to my current job. I might want to change jobs over the next 40 years. The place might close down.
    If i buy in town now when the economy improves i could move again and sell it or rent it out.
    I really don't know. Any advise???


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    #2
    liffeylite
    Registered Users Posts: 514 ✭✭✭liffeylite


    phi3 wrote: »
    Hi. In a bit of a dilemma.
    I'm thinking of buying my first property. I am single with no kids.
    I currently rent in the city centre and work in the suburbs. I like the city centre. I was thinking about buying an apartment in the city centre as there are a few affordable ones there. However I don't know whether city centre is a long term prospect.
    Then I thought maybe I should try to find a place in the suburb where I work. Properties here are more expensive. It would be more convenient for work. It's a nice area and would be a good long term area.
    My other issue is that I don't drive so currently get a bus in and out of work.
    If I moved close to work, it also ties me to my current job. I might want to change jobs over the next 40 years. The place might close down.
    If i buy in town now when the economy improves i could move again and sell it or rent it out.
    I really don't know. Any advise???

    I would look city centre if you can get a good price abd ge tye mortgage fixed for as long ad possible. Ideally 5 years plus. Just check the maintenance charges arent high! There will always be value for renting out city centre apartments. The recession wont last forever.


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