Why do you not want to live in the house? Or is this a humble brag about living mortgage free in socodu at 41?
Also, I'm wondering why you prioritised paying down your mortgage over your other debt?
,we have about 60k in savings that we don’t want to touch.
have personal loan and car loans total value around 30k of debt.
thanks for all comments, it was an idea, a hypothetical idea and thanks again for Feedback.
to answer this specific comment, no sir it’s not a humblebrag. The house is worth 700k(others in the are are 850+) and it is in need of massive refurbishment. We have been quoted €250-300k minimum from architects to bring it up to a decent standard which won’t add anything to the value. Which is why I was thinking of doing it up for rental and moving elsewhere.
We have been quoted €250-300k minimum from architects to bring it up to a decent standard which won’t add anything to the value.
Also the fact that a 5-bed house in South Dublin is probably the lowest yielding of any kind of property in Ireland.
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