(Closed) How long do you plan to live in your first home?

posted 6 years ago in Home
  • poll: How long do you plan to (or did you) live in your first home?
    1-3 years : (8 votes)
    11 %
    4-6 years : (25 votes)
    35 %
    7-10 years : (24 votes)
    33 %
    Forever : (15 votes)
    21 %
  • Post # 3
    Member
    3943 posts
    Honey bee

    When we bought we agreed on 7-10 years. Who know’s what the market will be like though.

    Post # 4
    Member
    2142 posts
    Buzzing bee
    • Wedding: August 2010

    We honestly did not think about that concretely. But I think in our minds it was around 5 years. The first house we bought kinda fell into our laps and mortgage (including escrow) would only have been like $300 more than our rent. We were definitely comfortable affording.

    We just bought our second forever home so we ended up staying in our first home a little over 5 years.

    Post # 5
    Member
    14569 posts
    Honey Beekeeper
    • Wedding: June 2011

    We plan on forever.  We didnt think it was financially advantageous to trade up in the long run cause the bulk of payments in the beginning are to interest instead of principle.  Never did the math to confirm this though.  We also just didnt want to deal with the stress of buying and selling at the same time and paying realtor fees.  We have a 4bed/2.5 bath 2800 sf + finished basement.  Plenty of room to grow into.

    Post # 6
    Member
    1425 posts
    Bumble bee

    First home together is our forever home.  It happens to be the only home Darling Husband has ever lived in (besides residence in Uni).

    Post # 7
    Member
    7311 posts
    Busy Beekeeper
    • Wedding: October 2011 - Bed & Breakfast

    The home that I had before Mr. Lk lasted for 8 years. It was small (only 950 sq ft), but since it was just DS and I, it worked fine. The home we are looking to purchase now will be or “forever” home, in the sense that we plan to stay in it for about 35 years. It will last us until retirement, at which point we plan to downsize. I don’t see myself being able to keep up with a 3000 sq ft house when I am in my 70s.

    Post # 8
    Member
    554 posts
    Busy bee
    • Wedding: August 2011

    We bought our house two years ago and plan to stay in it for probably 10+ years. It’s a 2800+sq ft home that was built in 1770 but has been updated. I absolutely love our house and wouldn’t want anything else but I don’t see us staying in MA forever. We’re both from New Husband originally and we would both like to move back there someday. For now though, we couldn’t be happier with our decision. 

    Post # 9
    Member
    9053 posts
    Buzzing Beekeeper
    • Wedding: June 2010

    We bought our condo 4.5 years ago planning to stay for 2 years. We’ll probably just suck up the loss and buy our next place this summer but dh gets transferred anywhere in the country every five years or so so the next place will likely be intended for about that long. 

    Post # 10
    Member
    423 posts
    Helper bee
    • Wedding: November 2011

    I chose forever because it was the nearest option – I plan to live in my first home until death or retirement, whichever comes first. The line of work I’m in may mean relocating though, and that would obviously change things, but as long as I live in the same city, I will stay in this home.

    Post # 11
    Member
    13096 posts
    Honey Beekeeper
    • Wedding: July 2010

    We are beginning to house hunt now and plan to buy a house we can live in for at least the next 8ish years.

    We’re going to buy big enough that we can add multiple kids to the family without feeling cramped.

    Post # 12
    Member
    6661 posts
    Bee Keeper
    • Wedding: May 2010

    We will last at least 5 and possibly up to 10 (or more) in our current home. Even if I got pregnant right now with twins, we could make it in our small 2 bedroom/1 bath for at least 5 years, so that is my minimum. But if we have more than 1 child, we will need to get a 3 bedroom in under 10 years, sooner if they are different genders. But there’s always a possibility that we don’t have kids or only have 1, in that case we could potentially stay here forever.

    Post # 13
    Member
    7606 posts
    Bumble Beekeeper

    If there was an option somewhere between 7-10 years and forever, that’s what I would have chosen.  Our first home is the one we want to raise our children in (right now it’s just the two of us, no kids).  We were thinking more along the lines of 15-20 years I think.

    Post # 14
    Member
    651 posts
    Busy bee
    • Wedding: May 2012

    We hope our first house will be our forever home but the banks reduced the amount people can borrow to 3 times their annual income. Sorry but 3x annual income means….we definitely cannot buy a home we would want to live in forever! I’m hoping they’ll realize how dumb this rule is (we earn above average and even then, can’t buy much. The average joe here could buy a house of 90k euro.. erm there are NO houses for 90k anymore!) and we’ll be able to get a proper house (nothing fancy but acceptable).

    Post # 15
    Member
    1550 posts
    Bumble bee
    • Wedding: April 2011

    welp, we are planning a major remodel (adding a second story and extending the back of the house 7 feet) so I think we will stay about ten years or so. We bought our house early in life, so we can pay it off early and rent it out in the future.

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