Friday, January 14, 2011

Decision Made...

After  months of thought...and deciding...and rethinking...and so on...I have decided to put the house purchase on hold for a year.  I had thought that when Dad moved down here at the end of the school year, I would buy a condo or small house.  And while I could do it...I can barely do it.  And I'm just not comfortable with that.  I feel like for the first time in my life, I'm in a really good spot financially, and in the next few months my car will be paid off, so things will only get better.  If I jump the gun and buy a house too soon, I run the risk of setting myself back financially.  And I'm just not willing to do that.  So I'm going to rent for a year and reevaluate.  I know that renting is "throwing away money".  But there are times when buying is not the right option either, and I believe this is the case for me right now.  A year can make a huge difference for me.  I feel really good about this decision.  Tomorrow and next Saturday I'm taking a 1st time home buyers class, which will give me many benefits when the time comes.  Another year will give me a year's saving for a down payment.  All my ducks will be in order so I'll be ready to pull the trigger when the right opportunity presents itself.  I've been looking around for about 5 months or so for houses in my price range - which for a single, 3rd year teacher is not very high! - and there's not a lot out there.  They all require a lot of work.  Translation:  you buy them cheap, but need money for renovation.  So there.  I love making a decision.  Especially when you've the research and really weighed the pros and cons so you can really confident about the decision.  Yay!  Now...just gotta find an apartment!!!

1 comment:

  1. I don't think renting is throwing out money at ALL. Mike and I bought a little "starter" home 3 years ago. It is SMALL but at the time it was great for us. Now our family is bigger, our house feels SO MUCH smaller and we are stuck. The market sucks, we would take a big hit if we sold right now. If I could go back in time I would have never bought that house. I knew I wanted a family and yet wasn't thinking that far ahead at all. Point is, I should have waited for what I (we) REALLY wanted, if we had really thought about it. I can't wait to rent again. Oh well, lesson learned for me!

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