Buy or rent?

Alkers

Do you currently live alone or are you happy to house share? I would look into buying and then renting out a room or rooms. You can legally earn up to €12,000 each year tax free from doing this.

Neon_Lights

Augmnt wrote: »

Hi,

I am 32, single and currently renting\working in Dublin.

I have around 260k in savings and am thinking about buying a property in the 350-450 range to live in.
Is this a good move the way property is right now? Mainly I don't want to rent anymore, its too much pain. Properties are overpriced and grim.
But I don't really want to buy as its a bit of a commitment.

Any thoughts?, I was thinking about buying an apartment but prices look mad for modest places. Would it be silly to buy apartment in Dublin?.

260k savings what do you do for a living, thats some serious dollah

4ensic15

Kings Inns or bust wrote: »

It's so variable though. To be fair he's said not council, not a bad area. SCR would satisfy that as would Rialto - apparently... There are also pockets of D7.

Would you, or more importantly the OP consider Kilmainham a bad area?

https://www.myhome.ie/residential/brochure/7-lorne-terrace-kilmainham-dublin-8/3742335?RegionId=1449&MinPrice=&MaxPrice=450000&MinBeds=&MaxBeds=&MinSize=&MaxSize=&MinEnergyRating=&Query=&PreSixtyThree=false&Page=&view=list

Personally I think it has it's moment s but overall I thought it was menat to be pretty good these days?

Kilmainham is not a "nicer area". It is a tolerable area. The city end of the SCR is good but nothing much there for €450. Apply this test. Would you allow your sister to walk from the nearest hotel to it at 12.00 on a Saturday night?

Ayuntamiento

Kilmainham is a really nice area. It's got the Royal Hospital, the museum of modern art, the Gaol, the War Memorial Park and a Hilton hotel. Newer 2 bed apartments there sell for over 300k and there are lovely big old red brick houses in the area that go for close to a million.

Kings Inns or bust

4ensic15 wrote: »

Kilmainham is not a "nicer area". It is a tolerable area. The city end of the SCR is good but nothing much there for €450. Apply this test. Would you allow your sister to walk from the nearest hotel to it at 12.00 on a Saturday night?

Hilton to a few 100 yards from the Hilton, I think she'd be grand. If she existed.

The_Conductor

Ayuntamiento wrote: »

Kilmainham is a really nice area. It's got the Royal Hospital, the museum of modern art, the Gaol, the War Memorial Park and a Hilton hotel. Newer 2 bed apartments there sell for over 300k and there are lovely big old red brick houses in the area that go for close to a million.

Personally- I wouldn't care whether apartments in the area make 300k or not- or indeed, the presence of Kilmainham jail and the museum of modern art- I'd be far more likely to speak to the Garda Community Officer- and get a feel for the crime level in a particular area.

There are complete no-go streets within a half mile of Kilmainham- where anyone who knows the area at all simply avoids.

Personally- and while I accept that the Kilmainham area has been gentrified to a large extent- I'd avoid it if at all possible- in favour of somewhere where I felt safer.

Ayuntamiento

I've lived in Kilmainham for close to 10yrs so I think I'm more than qualified to say that it's a very safe area. It's one of the safest places I've ever lived and I'm originally from Clontarf. I assume you're referring to parts of Rialto/The Liberties when you say there are streets within half a mile from Kilmainham which are 'no-go' areas.

That's like saying Clontarf is a dive because it's within half a mile of East Wall/Northstrand. And Lucan is a dump because it's near Palmerstown. You're being a bit silly.

If you want to live in an area that's a 15 minute commute from the city centre then you'll have to accept that the good areas are side by side with the bad areas.

The_Conductor

It was more the streets adjacent to main street Inchicore I had in mind, but I take your point.........

The whole area has become gentrified to a certain extent- however, there are still areas you simply avoid.

Talk to the local Community Garda for more information.