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Moving out of London – should you rent before buying?

We are often asked by clients Moving out of London – should you rent before buying?

This is often one of the first questions we get asked when we are approached by individuals, couples or families who are considering making the move out of London. Once we get to speak to clients about their motives and their wish lists for the move it becomes clearer as to which is the preferred option and the one that will work best for them.
There are many positives to both options – here are two case studies of a family who rented before buying and a family who bought outright – both securing their dream home at the end of the process!

RENT BEFORE BUYING CASE STUDY:
We were approached by a family wanting to move to a house in central of this particular town with very precise requirements:
• A character home
• Walking distance of  train station
• Minimum ½ acre garden
• Only SIX roads would be considered within the chosen town.

Houses in this are are in very high demand and come with a price tag. Developers are quick to snatch up such houses given the rich rewards in knocking down the incumbent property and replacing it with two or sometimes three executive homes with four floors including gyms and cinema rooms in the basement. This was exactly the type of house that our clients wanted to avoid.

The decision was made to rent in the town as the couple felt they were missing out on potential options and so that they could be in the area ready to view and find out when properties with such precise requirements were likely to come to the market. Chiltern Relocation helped to secure a great rental option in the so the family could start to get a real feel for the area and register their children at their preferred schools.

With Chiltern Relocation’s connections and local knowledge we were able to help the family secure a period house with buckets of character features including servant bells in the rooms, fireplaces in the bedrooms, beautiful parquet flooring and a lawned tennis court. It took time for the vendors to find a suitable property to move to so being resident in the area meant that the couple could offer flexibility in terms of move dates and were close at hand ready to sign documents when needed. The family were thrilled to find their forever home and knew it could not have been achieved without renting first.

BUYING WITHOUT RENTING OPTION:
We were approached by a family from Fulham who wanted their children to enjoy the same experience of childhood as both parents had experienced having grown up in rural Yorkshire. However, the rolling hills would have to come with a compromise of a short commute to London.

The couple’s requirements were:
• Close to the Chilterns
• 10 minute drive to train station
• Catchment of an ‘Outstanding’ primary school
• Good size garden.

Chiltern Relocation took the couple out on two Orientation Days to research possible options. We covered a wide range of villages and towns in the counties of Buckinghamshire, Berkshire and Hertfordshire in search of the rural dream – with commutability and social amenities close at hand.

Whilst the family enjoyed the rural aspect, the realisation that transport links or shops were not on the doorstep meant that they started to rethink what they did actually want from their move. The viewings also helped them realise that for their budget they would not be able to secure a character house with acres of garden yet close to all amenities.

With this in mind, Chiltern Relocation arranged a viewing of a great sized modern house, with a lovely garden and only 10 minutes walking distance from the train station and shops. The couple were initially uncertain about viewing a house within a cul de sac of similar properties and located in a town. However once they saw what they could get for their money in terms of house space, garden (it even had a small swimming pool!), catchment for outstanding primary schools and proximity to all amenities, there was no turning back.

employee relocation oxfordshireThis property ticked all their boxes and they were prepared to compromise on the rural idyll for the upside of a great location. The family were thrilled to make the move and start living the semi-rural dream from the outset, confident that they had carried out all their research and that this would be their forever home.

Conclusion:

There are benefits to to both and it really is a personal choice. Our advice is research your chosen locations well to ensure you are well informed on house values, commuting, schooling and resale ability.

If you would like more information regarding our relocation service please do get in touch with Chiltern Relocation on 01494 672086, click here or email: enquiries@chilternrelocation.com

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Sharon Hewitt

Sharon Hewitt

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