Post # 1
Hi bees. I’m feeling really down and emotionl during what should be a happy and exciting time and just wondering if others have had similar experiences.
My partner and I have been together for about 2 1/2 years. When we met he lived in his own home that he’d bought a few years previously. Since then we’ve moved interstate, renting out his hosue and late last year decided to look for a house to buy here together. We were lucky to find a great house and have been living in it for about 6 months.
We love the house, it suits us perfectly. We are perfectly happy and expecting to get engaged in the coming months. We can afford the repayments without too much financial stress, although obviously having to cut back on some extravagances.
BUT I’m just feeling really down about the whole thing and I don’t know why. I guess it’s just such a huge decision to commit yourself to so much debt. Although we can afford them, two mortgages does feel like a bit of a burden as well, but we both feel really strongly that we’re working hard now to set ourselves up for later in life.
Has anyone else had this experience of feeling really let down after finally achieving your dream of living in your own home? Any tips for how to deal with this? Sorry it’s a bit long, but I’d really appreciate any advice or experiences you can share.
Post # 3
I went through something similar after I closed on my house. I went from being really excited to really bummed because I noticed little things that needed to be done that I didn’t notice the first go round. Most of that had to do with the fact I didn’t get the hardwood floors I wanted. And then of course there’s the added stress of moving and unpacking and having added bills.
I think it’s normal, but it should pass once you get settled into your new life.
Post # 4
I definitely had a similar feeling, but in long run I had so much pride in being a homeowner an I love how much we’ve made our house into a home. It takes a while, but then it clicks and it feels awesome 🙂
Post # 5
I was down too. I read in a real estate book that it’s really common!
For me, I got something small and cheap (a starter) and I was so upset that it didn’t have a fenced in yard. We are trying to get a fence now though!!
Post # 6
Nervous as shit!! It is a very overwhelming process, don’t get discouraged because you aren’t feeling all “warm and fuzzy”. It will come in time, i promise!
Is there any incentive for you guys to sell house #1 so you aren’t carrying 2 mortgages? I think that would really stress ANYONE out, no matter what the situation.
Keep us posted…
Post # 7
My SIL just got an offer accepted on a house and I will say that they have gone through a stressfull process, and they are still not 100% sure they are doing the right thing. I think they spent too much money (too high a % of their takehome) and that is why they are freaked out….they were not willing to compromise on the neighborhood or the square footage or the move-in condition of the home, so there you go.
Honestly, I don’t look at home ownedship for most people as “finally” accomplishing a “life long” dream, as most people buy in their 20s and 30s….hardly a lifelong struggle ;-). While I hope to buy eventually, i’m really grateful that i’ve lived in so many different types of rental properties in many different cities. It has really narrowed down what we do/don’t want and has given us the flexibilty to bail on a property if we figure out we don’t like it there! There’s something to be said for not being tied down to a one house for good (or at least, to not having to go through the expensive process of selling and rebuying if you decide it isn’t working out).
Post # 8
@StaceyA: Our intention was always to have both as we want the other house as an investment. In a year or so it will be positively geared. We’re still able to continue saving for our future wedding and other things, so the commitment with repayments isn’t causing problems. More of a psychological thing I guess!
Thanks for your feedback everyone. I knew I wouldn’t be alone, but it’s so nice to hear from other people!