(Closed) does everyone live in a huge, new, flawless mansion?? lol

posted 9 years ago in Home
Post # 47
Hostess
840 posts
Busy bee
  • Wedding: November 1999

@crayfish:  Don’t blame you at all!! For 500K I don’t know if you could get something in a decent area on the Peninsula!

Post # 48
Member
356 posts
Helper bee

100k?! Holy crap, wow! 

Where we live there is a heap of housing developments. We can easily buy a decent sized house , 3/4 bedrooms, 2 bathrooms, some with 2 living areas for 350-400k. We can easily build too. 

But we’ve decided to aim closer to the city and get a unit for about the same price. 

Post # 49
Member
543 posts
Busy bee
  • Wedding: December 2014

Haha…it all depends on your area. I’m from California’s  wine country. Our modest 3 bedroom 2.5 bath home (with maybe 3000 square feet, on 0.75 acres) was worth 1.3 million in 2006-7, before the housing crash. It was maybe a little nicer than my friends homes, but not much…Still, it had beautiful renovated bathrooms, tons of gorgeous landscaped yard, and a passive solar design. It did, however, have a 1980’s kitchen (minus new stainless appliances) complete with tile floors and vintage carpets. It spoiled me.

The house that Fiance and I are renting now is 624 square feet, built in 1940. Vintage 1940 bathroom and yucky linoleum. No electrical sockets anywhere. Funky mismatched wall textures. It works for our purpose, but no way in hell I’d ever buy a place like this. It’s a tear down. 

The house that Fiance and I just bought (well, are building) here in the northwest is 1485 square feet on a 4000 square foot lot. 3 beds, 2.5 baths again. No garden tub, but we do have a dedicated master suite. Hardwood floors, but no granite. Black appliances 🙂 Cost us $196,000. Probably the minimum I’d go for in a “starter home.”

It’s all about your perspective, though! I don’t think the houses posted here on the bee are outside the “norm,” ….but my norm might just be more in line with their norm 🙂 

Post # 50
Member
403 posts
Helper bee
  • Wedding: July 2014

@canarydiamond:  $100k might get you a 350sqft basement “bachelor” apartment in sunalta in a run down building with coin laundry right outside your door. And a view of the parking lot…the parking lot you live partially below! 

Post # 51
Member
403 posts
Helper bee
  • Wedding: July 2014

@SapphireSun:  thats exactly what we’re about to pay on our 890sqft low rise condo in the newest of the ‘burbs. Bruuuutal. 

Post # 52
Member
1308 posts
Bumble bee
  • Wedding: June 2012

our home has a master suite … the orignal house was built in 1910 but they have done many remodels, upgrades and expansions…. i dont  think we live in a mansion but some may see it that way..

Post # 54
Member
682 posts
Busy bee

We live in Pgh too, I paid under $100,000 for my house too.  But at the time, I was a single mom with 2 kids.  I’m proud of what I got for myself and my kids.  My Fiance move in with me and we are living comfortably. I’m just happy my kids have their own rooms and a roof over their heads.  Its a 2 story, 70+ year old home too.  It was a flip and everything was re-done before I bought it, and brand new.  I went from a $350,000+ house to that. And i’m perfectly happy where I am today.

Post # 55
Member
57 posts
Worker bee
  • Wedding: July 2012

Hey I somehow also have that feeling when scrolling on the pictures in some boards. But here we are, living in Europe where basically there’s not enough space for huge mansions! Real estate prices are crazy here, although the recent crisis has dragged their price down. We bought a home (an apartment) last year for €75k (US$ 100k), and it’s 600 sq feet (around 54 sq meters). Which is NORMAL overhere for young couple with decent jobs. And no, there is no master suite and walk-in closet. We do have marble countertop and stainless steel appliances, but our kitchen is super tiny 🙂 But trust me, where we live, it’s completely normal. P.S. it’s the capital city of the country.

Post # 56
Member
1033 posts
Bumble bee
  • Wedding: May 2012

@crayfish: and  @missporkchops:  Agreed. Housing prices around here are crazy.

There is no such thing as a starter home around here. We got our home for 530k a few years back and it’s a fixer upper. Neighbors thought it was a meth lab. It’s an older house that’s 1100 sf. The ‘master’ bedroom barely fits our bed and dresser and it has the smallest closet in the entire house and the bathrooms are pretty tiny. That’s normal for our neighborhood and houses start at well over 600k around here. But, the neighborhood is excellent and safe. You should feel blessed that you can buy a house for 100k. It’s going to cost us that much just to add a second story in a few years.

Post # 57
Member
776 posts
Busy bee

I used to live in a big, fancy, expensive house but I’ve already downsized and I love it! I’m so much happier in my new place. My house now is cozy and so much easier to clean and decorate. Not to mention, cheaper! It’s 1600 sq ft and it was brand new when we got it a year ago, but I have only ever lived in brand new houses and have no desire for anything older.

ETA: I wish places around here were 100k! The best you could probably do in this city is a trailer for that price.

Post # 58
Member
8246 posts
Bumble Beekeeper
  • Wedding: July 2010

@AB Bride:  “It’s more of old vs new styles, and less about how much the homes cost.  There are many older homes without the granite and master suites that cost just as much and tend to either be closer to the core or have larger yards.”

I agree.  Master suites have become the norm in newer homes but if you buy a home from an older era where they weren’t the norm, it won’t have one (unless someone has added it in a renovation).  That doesn’t mean that one house is any better or worse or cheaper or more expensive than another.  It is more about personaly preferences.  Many people love older homes; they aren’t personally my style.  But I could find plenty that cost way more than my new home with granite and a master suite.

I definitely don’t associate having a bathroom attached to the master bedroom or having stainless steel appliances with “mansions”.  Plenty of modest homes have those things!

Post # 59
Member
6310 posts
Bee Keeper
  • Wedding: September 2012

I feel like it all varies depending on SO many different factors…location, age, income, etc.

DH and I bought our home back when we were still just dating, but were a little older and more established than when many of our friends bought their homes. Because of that, we had a larger income and more money to put towards a house….so even though it was technically a “starter home” it was definitely larger/nicer than what most would consider.

We could have gotten a house cheaper than we did, but we were not willing to spend even that much money on a houes we were not excited about. 

 

Post # 60
Member
450 posts
Helper bee
  • Wedding: March 2013

I hardly live in a mansion. My home before I moved in with my bf was a 720 square foot bungalow in the city built in the 50’s (169k), and our home now is a little under 2000 square feet (on one level) but its a 2 story with a developed basement. Sounds fabulous – but its a 100 year old farm house so really not that fancy at all. market value? probably $0. We live in the country and you couldnt sell a house out here if you tried!

Any time we think about doing renos we stop because we know we will NEVER get our money out of them. When we are done with the house it will likely sit vacant. I would LOVE a master suite though lol. Lucky girls who get them!

Post # 61
Member
1103 posts
Bumble bee
  • Wedding: April 2015

I don’t really consider having a media room, a master suite, and a dining room grounds for a mansion. My parents live in a 1600 sq foot home that’s a one story with no basement and basically have all of those things. But it’s not a mansion by a long shot in my opinion. With that said, I think it depends on where you live. My Fiance and I want to build a one story with a full basement one day on a couple acres of land. 1-2 acre lots near the city cost about 200k for the land itself. And if you go twenty minutes outside of town, then you’re looking at 7-12 acre lots for like 80k. So it just depends on your location. I’m still toying with the idea of convincing him to relocate to NC when we get old enough to retire though, since we could buy a brand new, huge house for like $300k there, that would cost us at least $600k here.

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