House

Do you have the Vision? Buying a House that needs love.

When Hubs and I set out to buy our first house, I had strict criteria. The most important of them was NOT UPDATED.

If I could write that on my list 3 times, I would bold the first, underline the second and italicize the third. I might even throw it on there a fourth time so I could make sure it really was NOT UPDATED!

This was critical for my home search because I didn’t want to overpay for my house. I didn’t want to pay for someone to throw some sloppy cosmetic updates that look nice today, but will completely fall apart before too long. Sure, cosmetic updates are nice when you walk into a home, but in my hot selling market, these updates were done on the cheap to exponentially increase the asking price. I also didn’t want to pay for updates that I may want to change. In the name of efficiency, I didn’t want to update twice.

I didn’t want to play the update game. I’ve been a renter for a long time and I knew I couldn’t tell the difference between cheap and quality craftsmanship. I stuck to what I knew I could rely on: Good bones. How is the foundation? How is the layout (reasonably speaking)? How is the construction? How is the house holding up?

We found what we were looking for.

The house we bought needs love. It was a single owner 1960s house. We got a deal on it because they needed to sell it and they didn’t want to update it. I’m being kind when I say it was ugly. I bought Grandma’s house with its green carpet throughout, 1 blue bathroom and 1 green bathroom! So much tile!

The best thing about this house is that it didn’t show well at all. Grandma died and the house hadn’t been cleaned in a long time. There were cobwebs everywhere. The cabinets were grimy. I’m thankful I didn’t have to take my shoes off when we entered.

This all sounds horrible to someone without vision. Those without a vision are overwhelmed by it all. One visitor (who may have visited too soon) could barely hold back their distaste. “You have a lot of projects ahead of you.” Others, I specifically told not to visit because I knew they wouldn’t be able to handle it. These are the people that buy move-in ready houses and pay the premium for it.  Move-in ready houses are fine for other people to buy, but this was my house and I didn’t want that.

I had the vision.

I could see beyond the house today and imagine it as the house it would be.

The house has a lot going for it. The layout is great. The location is even better. The neighborhood is established, quiet and safe. The house is on a dead end street. The bones of the house are solid. There is so much potential.

In only 3 short months, Hubs and I have made incredible progress. We cleaned, cleaned and cleaned some more. Then we:

  •  Installed new toilet seats
  •  Painted the ceilings
  •  Painted the walls
  •  Replaced most of the flooring ($$$) – Carpet for the main living areas, hard surface in the kitchen and family room.
  •  Replaced all the outlets, changing them to white (and some to USB!)
  •  Rejuvenated the shower experience! New shower head, fixtures, and a curved shower curtain rod.
  •  Replaced the vertical blinds with double rod curtains.
  •  Painted the bathroom cabinet, replaced the hardware.
  •  Replaced our front and garage entry door. Both were non-compliant. ($)

This house has been a team effort for us. Hubs and I shed equal blood, sweat and tears during this labor of love.  I wouldn’t recommend this to everyone, but if you have the vision, buying a house that needs love can be incredibly rewarding.

After 3 short months, you don’t need a vision to love this house anymore. The house looks great. I can’t wait to start inviting people over.

… Maybe I should get a living room couch first.

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House Hunting – GND Style

We bought a house!

After 6.5 years of renting, it was time. Going into the process we built out our must have list.

3 Bedrooms

The plan was 1 bedroom for us plus an office for each of us.  Work from home FTW!

2 Bathrooms

When you gotta go, you gotta go. We’ve been incredibly spoiled with 2 bathrooms for 6 years and it wasn’t something we were willing to compromise on.

2 car garage

We live in the tundra and we both drive to work. I flirted with the idea of going to a 1 car household but Hubs brought me back to reality. We don’t live in a walkeable area and our schedules are completely incompatible.  2 cars it is!

Low Maintenance (read: Short driveway, small lawn)

We wanted to minimize the impact of the outside on our lives. As I said before, we’ve been incredibly spoiled by apartment living for the last 6 years. We love not having to mow or shovel and wanted to keep as much of that as possible.

TV Room

We don’t watch a ton of TV, but when we do, we don’t mess around. Hubs is a movie buff and having a good room for cinematic adventures was key.  I also enjoy the dark loud room as an excellent place to fall asleep 17 minutes into a flick J

A little bit more space

Our apartment is 1100 sq ft. Our storage unit (free – calm down don’t worry) is an extra 25 feet. Our living spaces are relatively clutter free, but the storage spaces are jammed packed. We wanted enough space to spread out and give our things a home.  We set our sights on 1500-2000 sq feet.  We were hoping for the smaller side, but the layouts for the smaller homes in our area weren’t good uses of space. We stayed relatively open when it came to square footage.

Same Neighborhood

We happened into our neighborhood 6 years ago and we completely fell in love. The town is great, the proximity to everything we could ever want is fantastic and magically we are just far enough from everything that most people forget the town exists. We initially set out looking outside of our town, but it wasn’t working. When we re-focused our search, we focused in on our town and only our town. We were prepared to wait for a property within our price range, even if that took a while.

Not Updated

We also didn’t want to pay for someone to update the house for us. In so many of the homes we’ve toured, sellers claim a room or a house is updated, but they used the crappiest materials. Even if they don’t install crap, people make these updates because they can charge more for the house than the upgrades cost to install. I wanted to buy an outdated home and do the updates myself. Even if we hire out the jobs, it should be net positive in the long run. That allows us to make the house our own and not pay an extra premium for it!

Right Price

We’ve been told for years that you make money on a house when you buy it. We wanted a deal. This sounds horrible, but we were hoping to capitalize on a little desperation.

In addition, we didn’t want to over extend ourselves. I drafted up a comparison between what we are paying currently for everything it takes to sustain us (rent, insurance, utilities not covered by our rent) and what we would need to pay for with a house (mortgage, taxes, insurance, all the utilities – electric, gas, trash, water). We wanted to maintain our current outflow.  My rough estimate: $215,000 was just the right price for us to pay the same on housing.

What did we buy?

  •  3 bedrooms
  •  2 bathrooms
  •  2 car garage
  •  Short, concrete driveway
  •  < 0.25 acre flat lot, while not on top of our neighbors.
  •  1800 sq ft
  •  2 blocks outside of our town proper, 6 minutes from where we rent.
  •  Outdated, but completely functional.
  •  Cheapest house in the neighborhood
  •  Seller was handling the estate for his late ex-wife. It was priced competitively and we asked for a discount.
  •  Final price: $215,000 on the nose.

 

Jordan fades back, SWISH! And that’s the game!

I’m not adult enough.

So. . .

Let me tell you a bit about myself.

I’m 29 years old. I graduated from high school, college and law school. I’ve been married to Hubs for 3 years. I’ve been gainfully employed for 2 years.

I repair my own clothes. I (read: Hubs) do my own laundry. I read books for fun. I recycle, take public transportation and turn off the faucet when I brush my teeth.

I’ve been financially free from my parents for 5 years. I don’t have student loans anymore. My car is half paid for. I have great credit.

From reading that, you are probably thinking, “That sounds pretty adult to me.”

However, one thing is for sure.

I don’t feel ready to buy a house. 

I’m not adult enough for that.

I’ve been doing many things to set myself up for homeownership. I want to be ready. I certainly don’t want to be house poor. I’ve been saving for a down payment. I’ve been looking at houses, checking out neighborhoods and running the numbers.

I still don’t feel ready and I think I’ve figured out why.

My biggest struggle has been with setting the timeline for making such a big purchase. Never before have I made the decision about when something happens.

Let me share a few examples:

My parents started my education when I was 3. I stayed in school until I couldn’t go any further.

Destiny started my relationship with Hubs. He chose the day we got engaged. The venue decided what day we get married. My mom decided what year I got married! (Fun fact: With a few stern words, she pushed up the date by a full year!)

HR decided when I started my job (after I got it, of course). I still work there, so I haven’t made any decisions to leave.

I chose to buy my car, but I didn’t decide when. I bought it when my lease was up. That time was determined by the transition from lease to lease to lease back to my first car. I can’t remember if I chose when I got my driver’s license. Even if I did, I got my permit at 15 and didn’t get my license until I was 17. I never failed the test, I simply delayed taking it.

I haven’t made a major decision in my life about when something should happen. I wait for the world to decide for me.

But this doesn’t work with a house. No one is going to force me to buy one. I won’t suddenly find myself owning a home. I could rent forever. Some people do.

Never in my life have I been faced with such a life event where I decide when. I get to decide when! That’s a big step!

I am a creature of momentum. Put me in the stream and I’ll go where the current takes me. It’s time for me to get out the paddle and make my own route.

Defining my own timeframe is pretty intimidating.

I don’t feel adult enough for this.