dereko1969
Registered User
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i'm currently thinking of buying an apartment in dublin,
i have a significant deposit and could afford the repayments on a 2 bed apartment in a reasonable area without huge strain but it would entail me paying around 40% of my take home pay on the mortgage, part of me is thinking i should buy a 1 bed and have a much easier time of it financially and while i intend on living there for a while a good few people have said that selling a 1 bed is a lot harder than a 2 bed and that the capital appreciation is much less on a 1 bed.
one of my concerns is that in some developments i've looked at online there is little difference in size between 1 and 2 beds but a very large difference in price see here for example
1 Bed Apartment from €305,000 c. 707 square feet (3 remaining)
2 Bed Apartment from €395,000 c. 708 square feet (1 remaining)
2 Bed Apartment plus study from €409,000 c. 812 square feet (8 remaining)
any thoughts?
i have a significant deposit and could afford the repayments on a 2 bed apartment in a reasonable area without huge strain but it would entail me paying around 40% of my take home pay on the mortgage, part of me is thinking i should buy a 1 bed and have a much easier time of it financially and while i intend on living there for a while a good few people have said that selling a 1 bed is a lot harder than a 2 bed and that the capital appreciation is much less on a 1 bed.
one of my concerns is that in some developments i've looked at online there is little difference in size between 1 and 2 beds but a very large difference in price see here for example
1 Bed Apartment from €305,000 c. 707 square feet (3 remaining)
2 Bed Apartment from €395,000 c. 708 square feet (1 remaining)
2 Bed Apartment plus study from €409,000 c. 812 square feet (8 remaining)
any thoughts?