(Closed) Property 1 or Property 2: Which Would You Pick?

posted 5 years ago in Home
  • poll: After Reading ( or not) The Paragraphs... My Vote Is For...
    Property 1 : (47 votes)
    36 %
    Property 2 : (67 votes)
    51 %
    Neither : (10 votes)
    8 %
    I didn't read, I just like polls : (8 votes)
    6 %
  • Post # 3
    Member
    1685 posts
    Bumble bee
    • Wedding: May 2014

    @Mrs_Amanda:  Garage and more land would do it for me.  It just sounds like you are getting more bang for your buck with the second home.

    Post # 4
    Member
    6015 posts
    Bee Keeper
    • Wedding: March 2012

    Are the taxes  going to be higher if it’s within the city limits? 

    I had a house with in a major metro city, and hated it.   I had a huge lot (1/2 acre and for a city that’s huge).  I had to have an alarm, cops lights and sirens going off at all hours, the neighbors were great and it was nice having neighbors nearby, my dog got stolen right out of my fenced in yard at like 4pm while I was in the house and the door was open.  I had a great neighbor that got the dog back for me… but seriously scary.

    you might want to check out the crime rates of the city house.

    I can tell you that DH and I live in a SMAAAAAALL town in FL now, and the nearest Target is like 20 min and the nearest mall is close to 45min. I love it!

    Post # 5
    Member
    3947 posts
    Honey bee
    • Wedding: October 2011

    How much longer of a work commute are we talking about?  I guess it’s hard for me to imagine..outside of the work commute I would say #2.  But damn…an hour alone really sucks – I can’t imagine spending more time in the car.

    Post # 6
    Member
    8464 posts
    Bumble Beekeeper
    • Wedding: April 2013

    @Mrs_Amanda:  My FI and I were in a similar position.  One home had 6+ acres, a pond, pasture, barn and an older house, the other home was in a very nice subdivision, inside city limits, newer home, closer to work.  We ultimately ended up choosing the home in the city because of the close proximity to my FI’s work (I stay at home), which was <8 miles.  If we had chosen the home outside the city, the commute would’ve been 40 miles. 

    Things that we considered were road maintenence for the 6+ acres home (gravel road), cost of traveling to work, home repairs (built 1965).  This home did have lower taxes and more room, however we decided to go with the newer home (built 2002) because it made more sense for us.

    Post # 7
    Member
    1077 posts
    Bumble bee

    @KateByDesign:  Agreed.

    Since it’s your first home and likely not to be your last (unless that’s what your looking for) I would also consider the likely resale value of each home. Large lots outside of cities can be kind of a niche market, at least in my area. 

    Post # 8
    Bee
    1835 posts
    Buzzing bee
    • Wedding: November 2012 - Oak Tree Manor

    When I first started reading your descriptions of the properties, I at  first was 100% going to vote for Property #1 (I did), but by the time I finished reading I definitely felt on the fence just like you two. That is a really tough decision girl, I totally understand where you’re torn between the two.

    As a homeowner in the city, I will tell you that I love being a stone’s throw away from restaurants, grocery stores, bars, etc. Mr. W and I are young and don’t plan on TTC for at least 5-7 years. So the house we live in now isn’t necessarily our “family home,” but even when we are ready to start a family, we’ll probably just move to another neigborhood inside the city with better schools and slightly more square footage. (Our current house is 2,000 sq feet, and we honestly only use ~1000. We don’t plan on ever upsizing to any larger than 2,500 sq feet.)

    To us, the extra driving would not be worth it. We are close to many public parks, and we like to get away on the weekends to Texas Hill Country, go camping, etc. But during the week, and on weekends when we have lots of plans with friends, we love not having to drive much. Also, my commute is similar to yours (1 hour each way), and it’s killing me. I can’t imagine driving even an extra 5 minutes each day. However, I am looking for jobs inside the city to shorten my commute. If you plan to stay at your job in the long-haul, that’s one thing, but if you are thinking about switching companies or even careers in the next 5 years, don’t make the commute time a deal-breaker.

    Are you two pretty busy and social, or would you have time to maintain the property? It takes a lot of work to maintain 7+ acres! Do you have any experience growing up on a large property? Do you currently love to swim and use the amenities of Property #2, or can you see yourself really using them all the time?

    Also, what’s the difference in prices of the two houses? And if you’re planning on having kids, is there a difference between the schools? I think that’s a big deal, if you’re planning on sending your kiddos to public school. 

    The minor cosmetic changes of Property #1 shouldn’t be a big deal. We’ve done a lot of renos on our house, and it’s actually been really fun. I’ve become borderline obsessed with the blog Young House Love.

    As far as the lot size vs. distance from your neighbors…I think living close to your neighbors can be a pro or a con, depending on the neighborhood and whether you are friendly with your neighbors. My family lived in a more rural area at one point of my childhood and we didn’t really get to know our neighbors. Alternatively, right now Mr. W and I live on a very small lot in the city, and we know all of our neighbors and love getting together with them. They also look after our house when we’re out of town. I’ve always wanted to live in a closely-knit neighborhood where our kids can play with other kids on the block.

    Anyways, sorry for the rambling, I hope that gives you some perspective!!

    Post # 10
    Member
    3947 posts
    Honey bee
    • Wedding: October 2011

    @Mrs_Amanda:   Well, I suppose you also have to take “free time” into consideration if you go with #2.  Considering that extra commute, even at 15 minutes more, will leave you not wanting to do much when you get home from work…

    At 7 acres, that’s going to be a LOT of work and will most likely take up a good chunk of your weekend.

    Post # 13
    Member
    11234 posts
    Sugar Beekeeper
    • Wedding: August 2013

    I voted #2, but you’re right, they both really have their pros and cons.

    Property 1 sounds okay, since .5 acre is a big parcel where we live (most places have .25), BUT being THAT close to neighbors would really bother me. I wouldn’t mind living in a neighborhood at all, as I like being close to shopping/restaurants/etc., but when you’re looking right into someone’s window?

    Property 2 sounds nice, though I wouldn’t have any idea what to do with all that land (but creeks and caves? mmm…) and I really hate pools. 15-20 minutes to shopping, etc. isn’t that bad, especially if gas/grocery is closer. If the bones of the home are good and it just needs upgrading, that could be fun (okay, I would enjoy it).

    Your commute is killing me, though.

    Post # 16
    Member
    3947 posts
    Honey bee
    • Wedding: October 2011

    Maybe it’s worth going back to the drawing board?  Waiting a little bit more and finding a happy medium?

    The topic ‘Property 1 or Property 2: Which Would You Pick?’ is closed to new replies.

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