Post # 1
Member
4027 posts
Honey bee
Just curious.
- Your age
- Partner’s age (if they were involved at the time)
- Housing area (metro/large city, medium sized city, small city, rural)
- Do you still live in your first home?
ETA: Ahh, made a mistake on the poll, meant to put 29, not 39 for the 3rd option. And I meant to do 35-38 for the other option. But Weddingbee won’t let me edit it!!! So frustrating. Sorry guys!
Post # 2
Member
4027 posts
Honey bee
Oh, I should probably answer my own question…
- I will be 26 when we close on our first home
- DH will almost be 28
- We live in a medium sized city I guess (about 500,000 people)
Post # 4
Member
4027 posts
Honey bee
beachbride1216: Geepers, $5k right off the bat for A/C and ducts? Was it something you realized before the purchase (via the inspection)? That would suck.
Post # 5
Member
579 posts
Busy bee
bmo88: Well we just got the bond but the process obviously isn’t complete yet. I will be 24 and dh 28. We live in a major metro, way too big actually. Housing is super expensive here and buying the house will make things tight for us but we dont want to rent anymore, renting a small 2 bedroom with no garden so read flat is half as expensive as buying a large 3 bedroom home. Plus we want to try for children in about 5 years and we swore we didn’t want to have kids and be renting. The rental market is unstable where we are. We have yet to stay in the same rental for much more than a year.
Post # 6
Member
4027 posts
Honey bee
BtoR: Interesting, it costs more to rent a smaller apartment that buy a larger home? Where I am, depending on what home/where, you can definitely buy for cheaper…but it’s usually in a much less desireable neighborhood. The home we are buying will have a mortgage that is about $300 more a month, but given we are doubling our square footage, we think it’s worth the bump in price.
Post # 7
Member
579 posts
Busy bee
bmo88: I live in SA so I will do this in rands. Our rent excluding electricity is 6500 a month, our bond will be around 12000. Now obviously there are other costs associated with buying but we are buying what i think might be 3 times the size plus there is a massive garden and undercover lockup parking for 4 cars as apposed to the current undercover non-lockup parking for 2. We happen to have 3, one was inherited by me and is very sentimental and is fully paid off. So the parking is a massive plus for us.
Edit: Just wanted to add that is to live in a neighbourhood we are comfortable in. There are much cheaper areas but they tend to be less safe.
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This reply was modified 6 years, 10 months ago by
BtoR.
Post # 8
Member
4027 posts
Honey bee
BtoR: Oh ok, that makes sense. I looked up the conversion rate for Rands to US…so it looks like your rent is about $600 US. Wow, if you can upgrade to all that for a reasonable rate (about $1,100 US), that is awesome and totally worth it!
Post # 9
Member
351 posts
Helper bee
I had just turned 28 and my bf was 27. We bought a 4 bed house on 1 acre just out of a small city (60,000 people). We still live at the same place (a year and a half later) and plan to make it our “forever home”. Real estate is very expensive in Australia and it makes sense here to buy a great place once rather than a cheaper place now, then a better house later due to the hefty taxes (we’re talking $20 or $30k).
Post # 10
Member
2966 posts
Sugar bee
Hopefully, if all goes well this summer, Fiance and I will both be 26 when we purchase our first home!
And I am equal parts excited and terrified.
I think that our city would be considered small/medium, and I desperately hope that the house we buy is the one we stay in until we are grandparents but if not, then we will hopefully we are in our first home for at least 5-10 years.
Post # 11
Member
3668 posts
Sugar bee
DH and I will be moving around too much to purchase anything but someday we hope to be home owners. Maybe our travels will bring us to the perfect settling place 🙂
Post # 12
Member
184 posts
Blushing bee
- Wedding: July 2015 - Los Willows Wedding Estate
age: 18
Partenrs age: 28
location: big city (san Diego, CA)
Living in it still: Yes
Post # 13
Member
579 posts
Busy bee
bmo88: yip 🙂 we hoping to stay in it a while. We would like to move back to my home city one day but we know that’s years away so renting doesn’t make sense for us
Post # 14
Member
903 posts
Busy bee
im super jealous of all you ladies! Home ownership is a touchy subject for me… I would give almost anything to be able to look at houses, do home improvements, and decorate at this point in my life… but im in school… And have no idea where well be living at the end of it all… Im 25 still living in shared accomadations with classmates in Ireland, fi is 27 and rents his own apartment in our hometown in Canada… I feel like an overgrown 18 year old most days…
Post # 15
Member
579 posts
Busy bee
dv3849: My dh and I are fortunate I guess… my dh has a very good paying job and I am thankfully getting a good stipend to study. But dont get me wrong, we are totally terrified
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