I wrote a previous post about how I was reluctant to sell my house early ahead of a new build being ready in case the wait in-between went on too long. I'm notoriously risk averse and now it seems with good reason.
Against my better judgement and taking all advice into account, I did sell up and move into rental accommodation. And as it stands am now down almost 40k on rental costs while still waiting on the new house to be ready - exactly the worst case I'd forseen.
The rent/storage costs we're paying out now is real money while my wife reckons the new house has gone up in value regardless so it's much of a muchness.
But to me that kind of thing only notional, plus if we'd stayed where we were we would've sold our house for more this year too while remaining in comfort until we were ready to move.
So all in all I think it's been a financial disaster. We're arguing a lot about it and I know I need to square it away in my head somehow but I'm not sure how. Any wise words that might be able to help me put in perspective before the niggles wear me down altogether...
Risk of sitting on the sidelines in rental with house sale proceeds
Why on earth did you agree to sell your house? If you don't need to sell your house, you should have bought the new house first and then put your own on the market. It's not fair to pull out of the sale of yours as the buyers have plans around it. So go ahead with the sale and rent somewhere...
askaboutmoney.com
Against my better judgement and taking all advice into account, I did sell up and move into rental accommodation. And as it stands am now down almost 40k on rental costs while still waiting on the new house to be ready - exactly the worst case I'd forseen.
The rent/storage costs we're paying out now is real money while my wife reckons the new house has gone up in value regardless so it's much of a muchness.
But to me that kind of thing only notional, plus if we'd stayed where we were we would've sold our house for more this year too while remaining in comfort until we were ready to move.
So all in all I think it's been a financial disaster. We're arguing a lot about it and I know I need to square it away in my head somehow but I'm not sure how. Any wise words that might be able to help me put in perspective before the niggles wear me down altogether...
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