We are moving out from our current 2 bedroom apartment into a rental 3 bedroom apartment this week. It’s an older development but is more conveniently located in terms of access to amenities, transport and school. The main reason for choosing to rent instead of buy a bigger property is to give ourselves more time to consider where we would like to stay and what kind of property we want to buy next. At that time, my wife’s bank was undergoing a major restructuring and we were not sure whether she would still have a job at the end of it. Luckily for us, she did secure a role.
We didn’t want to get trapped into a timing issue where we can’t sell our 2 bedroom apartment fast enough before buying a bigger property. We have outgrown the smaller property and need more space now. Any complications with the 2 separate...