r/Glasgow Tools

Title
AuthorTacticalChalky
Comment
Most people's number one consideration when deciding where to buy is their budget. The reality is, if you can currently afford to service a mortgage, live comfortably and still put away 1000 in cash a month, you earn enough that money isn't really even a consideration.

In 2/3 years time, you would have the equity from the sale of your house plus between 24 and 36000 in cash, depending on how long you wait. With this amount of money as a deposit, you'd be looking at property valued anywhere in the region of 250k-500k depending on what % of your savings you put down on the house.

This bit is important: you could finance property in *literally any of the most lucrative areas in the Southside with this*, even with property prices in the area as inflated as they presently are.

My suggestion to you would be just Google the most desirable areas to live in the Southside: Rightmove, Zoopla, etc. normally collate some kind of index with desirability ratings for neighbourhoods and write articles on this often. Choose the top 3 or 4 then make a point of spending some time there. Go out for lunch there. Take your dog/go for a walk in the local parks. Maybe have a night out for dinner and drinks with your partner. If you really enjoy one particular area, that's where you look to buy.

Let's be real, it would be a colossal gamble and highly irresponsible to sink anywhere between 250k to 500k into a property in an area you've never even set foot in, based on the recommendations of strangers on the internet.
Reddit Linkhttps://www.reddit.com/r/glasgow/comments/16xtgmg/where_to_live/k34qh84/
CreatedMon 2nd Oct 2023 1:22pm
Statusnormal ()

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