(Closed) Bees, what would you do?

posted 5 years ago in Home
  • poll: What option would you choose?
    Buy a starter home in 1-2 years : (20 votes)
    44 %
    Buy a fixer upper forever home in 1-2 years : (18 votes)
    40 %
    Buy a turn key forever home in 5-10 years : (6 votes)
    13 %
    Other (please explain) : (1 votes)
    2 %
  • Post # 3
    3025 posts
    Sugar bee
    • Wedding: July 2014 - Prague

    Poll is broken!

    Post # 6
    2418 posts
    Buzzing bee
    • Wedding: August 2015

    I hate moving, so I voted for the wait a few years and buy your dream forever home. To me, at my age renting makes sense. I can concentrate on paying off debt and I don’t have to worry about paying for any repairs.

    Post # 7
    3025 posts
    Sugar bee
    • Wedding: July 2014 - Prague

    LOL, it wouldnt’ even let me vote for the one option! 😀

    Post # 8
    347 posts
    Helper bee
    • Wedding: October 2014

    Do you have the abilities to work on a fixer upper? if not be careful renos can add up and sometimes can surpass what you’d spend on turnkey

    Post # 9
    1611 posts
    Bumble bee
    • Wedding: June 2012

    I would by the single family fixer upper.  While projects are a pain in the butt, I feel like that is the way to get the biggest bang for your buck.  I am also biased because that is what we did.  We didn’t finance the things we needed to fix; we just do them as we have the money, but most of the stuff we need to change are more cosmetic.  We just had a few electrical things we needed to do when we moved in, and we will have to do the roof and gutters here in the next year or two.

    Post # 10
    4495 posts
    Honey bee
    • Wedding: October 2013

    I’d probably go with #2. I’d say #3, but 10 years is a really long time to keep renting and I don’t think I’d have the patience to wait that long. We bought our first home in 2012 and it is definitely a forever home. I LOVE our house. We had to change and update some things, but it was worth it and now I can’t imagine ever selling it.

    Starter homes are great, but I LOATHE moving so I refused to get a starter home. I knew whatever house we bought we’d both have to be happy with staying in forever (unless we have to move or work or some similar circumstance).

    Post # 11
    3370 posts
    Sugar bee

    @beetee123:  I love fixer uppers. My Aunt does fixer uppers. I love old, old houses, they are beautiful. However, renovations can be extremely costly and a lot of the expense seems to fall on things you can’t see, like foundation, electrical, plumbing, having asbestos somewhere in the house, you have to be wary of lead paint, etc. Also, like the apt. I rent now, being early 1800’s, has lathe and plaster walls (which are beginning to crumble) and no insulation at all. Anywhere.

    If you can get a fixer upper where all those things have already been updated and the issues are solely cosmetic, that would be your best bet.

    Post # 13
    5371 posts
    Bee Keeper
    • Wedding: June 2014 - Ontario, Canada ♥ EDD- April 2016

    I would go with option #2, because that’s what we did IRL aha. We got a really great home in a nice neighbourhood within our budget because we were willing to go with a house that needed a bit more work. It mainly just needed new flooring, paint, updates in the bathroom and kitchen (everything was original from the early 60’s!). I would never buy a ‘fixer upper’ in the sense that it has structural problems- just cosmetic. We wanted to be able to live in the house while we were doing the updates. Also, we didn’t want to buy a place, get attached to it, and then have to leave in 5 years when we have young children. You can definitely get more for your money when you get a house that needs a bit more work!

    Post # 14
    167 posts
    Blushing bee
    • Wedding: October 2016

    Is there much of a renting market where you live? If so and you wouldn’t be adverse to being someone’s landlord I’d consider option one, then instead of selling renting it out when you find your forever home.

    Post # 15
    9181 posts
    Buzzing Beekeeper
    • Wedding: August 2013 - Rocky Mountains USA

    Fixer uppers are a pain in the ass unless you’re really into home improvement.  Do you want to / enjoy doing construction projects with all your free time?  It’s one of those things that is great in theory but really not that great in practice, for most of us. You have to really be sure you and your SO are on the same page about how much work you’re going to put into a house, and how much money and time and effort it will cost.

    I’d buy the starter home!

    Post # 16
    227 posts
    Helper bee
    • Wedding: September 2013

    I vote for buying a starter home. When you rent, the money is gone forever. When you buy, you are investing. So yes, it might cost the same each months out of your paycheck, but in 10 years when you go to buy your forever home, you sell your starting home and usually at least get back all the money you have been paying to live there for the past 10 years.

    There is always up keep fee’s when you own. But, I still think it is worth it to know most if not all of the money will eventually come back to us. 

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