My long term plan (3 – 5 years) is to buy my final house.
It would be a real shame to sell my current house (an asset > 200k) to raise a needed amount of equity that is on par with the cost of a new car,
I think you would be nuts to invest your deposit in stocks for such a short period of time - risk of losing money is way too high.
I also think you would be nuts not to keep maximising your tax-relieved pension contributions during this period. Why forego such a valuable relief if you don't need to?
Out of curiosity, why are you considering trading up? Is your final home in a particular location or is it bigger/newer etc? Why not just stay where you are?
However my primary driver in working towards keeping my current house is pension/retirement.
This would suggest that the OP does not need to pay 500k for the final house (in today's market conditions)The potential final house will be a countryside setting within 1 to 2 miles of a town and within 30 minutes drive of a primary rail line. A simple, clean cut house with a garden. No McMansion that will likely be difficult to maintain when I am in my 70's. My current house is city based.
in Kildare/Meath etc a house with a decent garden would require this amount.This would suggest that the OP does not need to pay 500k for the final house (in today's market conditions)
So now you've gone from 400K to 500K to near 700K. Sounds like an awful lot of money for a house for one person.
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