Monday, 14 July 2008

Operation Get A Life is back on the cards...

OK, it's official: I've had it up to here with living in London; the original idea was to sell up, and with the profits of the home sale, find a better place to live without requiring a mortgage. This is now not an option; ten years ago, you could be reasonably assured that if you owned your place inside the M25, you could move out of London to almost anywhere in the UK, and move up a step in the property ranks without needing a mortgage, as the sale of your place in London would fund the new out-of-London place completely. This is not now the case, and hasn't been for "a number of years", and this was confirmed by the estate agent I spoke to over the weekend.

So, while I'm planning on getting out of London as rapidly as possible, buying a replacement home is now not a viable or realistic option. So, I'll be renting for a while, by the look of it. No problem, then: Thousands on thousands of folks do that each month, and while it is, yes, more expensive than a mortgage, it is, at least, available in the short-to-medium-term while I get my backside in gear, so to speak.


Now I have to address storage options. Yes, storage. You think a rented place is going to be as large as my current place? think again. Storage. And this is where it's gonna get hellishly expensive, unless I get creative. Much of my stuff I'll likely get rid of, and start afresh in the new place (at that time); the rest I'll either leave behind (for the new home owner of my current home), or store.

The Times on Saturday 5th July 2008 in the "Money" section, page 8, had an interesting article "Box Clever or brace yourself for a hefty bill". The upshot is that renting storage is - or can be at least - as expensive, if you're not careful - as renting central London retail space. Not a heartening thought, that. So, time to be creative. I have a couple of options, one free (whoopee!), one not so.

Free option: use a friends' spare garage space. Pros: Free, available. Cons: Relies on goodwill of friend, and you must be ready to shift it somewhere else rapidly if the space is needed by the friend for any reason whatsoever - it's his or her property that you're using as storage space, after all; furthermore, if you use this option, you must, at the drop of a hat, be ready to lend any and all assistance to said friend - they're doing you a favour, so obviously the reverse must be true.

Paid-for option: use as little storage space as you can: Get rid of the large items before you move, and pack the stuff you retain in as small a physical space as humanly possible - likewise, you must shift it into storage yourself as well: This means renting a van, boxes, and so on, and getting a damn good padlock, storage insurance, and so on.

It is not going to be easy. Especially as I'm planning to get out of London as rapidly and as reasonably as I can.

But then, nothing worthwhile ever IS easy, is it?

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