Well done. The promotion came through, the new company pays more, the business sold, the trust fund matured, the lottery numbers finally matched! So of course… shiny new home. STOP. Think. If you move for an extra bedroom and a bigger garden.. what if you were to convert your loft, add a basement, extend at the back. Would it leave you happier to stay put with some short term noise and dust? You can then buy a nicer car, upgrade the kitchen and bathroom, perhaps send the kids to private school, or spend more time abroad (who needs the bigger garden when you have the beach).
Often it’s great to move to a bigger place when you have the money. Sometimes it’s not.
Forget keeping up with the Jones’, it’s time to compete with the Ponsonby-Smythes. Abundance of money may mean you wish to join the ranks of the next class up from whatever social demographic you think you belong to. All well and good, but if your happy in Clapham, find your ‘kind of people’ in the bars and restaurants, will a swish new pad in Knightsbridge really make you happy when all your neighbours are Oligarchs who don’t say hello and tourists who say Bonjour, Guten Tag or Ciao? Does getting dressed up like your out to a wedding, just to feel in place for your Sunday brunch at Le Caprice or the Wolsely seem a little over the top? Comfort is a state of mind… you need to be comfortable where you live. We quickly get over the excitement of a luxury purchase, we don’t quickly get over feeling ‘out of place.’
We’re sorry. We hope the good times come back and the money starts to roll in. Incomes go down aswell as up, jobs go away and divorces suck up money. Sometimes you just need to move somewhere more affordable. You may have wined and dined in Belgravia, but now only have the budget for Battersea or Balham. Well think first. Will you be happy having the same size property in an area unfamiliar with Foie Gras, Laurent Perrier Rose and Concierge service?
Is it better to stay local in a flat, rather than a house. Or move to an area that feels similar but prices cheaper and sacrifice some of the space or grandeur. If in doubt, rent for 6-12 months, establish your happiness then buy. Either way our neighbourhood guides will help you find other areas with similar qualities to the one you are leaving… and who knows, your fortunes may just turn around for the better, sooner than you know (smiles inside and make wonderful pictures in your mind of what you desire!)