Welcome to First Property Blog » Diary http://www.firstpropertyblog.com For first time buyers Sun, 05 Sep 2010 17:55:32 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Houses prices still too high http://www.firstpropertyblog.com/my-diary/prices-too-still-high/ http://www.firstpropertyblog.com/my-diary/prices-too-still-high/#comments Mon, 22 Feb 2010 18:36:47 +0000 admin http://www.firstpropertyblog.com/?p=393 Its been over a month now since i have checked out some of the latest offering from the property market. Some good news and some bad news.

With the amount of low prices houses on the market, this will work in our favour in terms of having a better chance at bargaining for a better price.


]]> http://www.firstpropertyblog.com/my-diary/prices-too-still-high/feed/ 0 Flat or house http://www.firstpropertyblog.com/my-diary/flat-or-house/ http://www.firstpropertyblog.com/my-diary/flat-or-house/#comments Fri, 08 Jan 2010 02:22:01 +0000 admin http://firstpropertyblog.com/?p=340 So I have been researching into whether we should be buying a house or a flat. I have been looking at some of the newly built flats on the net, and some were very tempting.

A one bedroom, newly built studio flat, looked very spacious. It would have no problems accommodating just the three of us, and also the pricing was within our reach (around the 100k mark).

The securities that a flat offers, especially on higher floors,  is the main tempting factor. The down side is a possibility of having to live with noisy neighbours.

Another problem with flats is you don’t actually own the land that you live on. It is only leased to you for about 120 plus years. Plus you have to co-own that land below the flat with all your neighbours.





With a house, especially on a first buyer’s budget, means that we will have to except the fact that finding a spacious place will not be easy. This is going to narrow our options down to either  a 2 bedroom small house in maybe a good area, or a 3 bedroom in a not so good area.

If we went for 2 bedroom house, it will be ok short term since the little one is still sharing our room. The second  bedroom can be used as a storage area.

Long term, we will ideally need a third room for when he is older and need to sleep in his own room.


Currently, we are comfortable living rent free above my parents leased catering business. This at the moment allows us to save most of any income to put towards the mortgage.

Ideally I would like us to live here for a few more years just so we can save for a large deposit for the mortgage, but with recent talk of them growing tired due to many years of working, my parent could decide to sell the business any time, leaving us more or less homeless.

Finding that ideal house will no doubt take some time.

]]> http://www.firstpropertyblog.com/my-diary/flat-or-house/feed/ 7 A new beginning http://www.firstpropertyblog.com/my-diary/just-started/ http://www.firstpropertyblog.com/my-diary/just-started/#comments Sun, 06 Dec 2009 04:25:36 +0000 admin http://firstpropertyblog.com/?p=286 You can have many things thrown at you during your life time, some good, some bad. I like to look forward to the good and prepare the best i can for the bad. I am fast approaching mid-thirties with a wife and a newly born son helping me there. I have noticed that life moves pretty quickly if you don’t move with it, and as a laid back kinda person, i find that motivation can sometimes be bit of a chore in itself.


My solution, to concentrate on things that i really feel for and care about, and that my wife and my son. My needs are no long valid as they once did . To provide a stable and secure base for us to grow as a family is top priority for me from now on.This means getting us a family home to start with. My journey begins now.

]]> http://www.firstpropertyblog.com/my-diary/just-started/feed/ 0