MemberJust curious.
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!
MemberOh, I should probably answer my own question…
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Memberbeachbride1216: 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.
Memberbmo88: 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.
MemberBtoR: 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.
Memberbmo88: 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.
BtoR.
MemberBtoR: 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!
MemberI 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).
MemberHopefully, if all goes well this summer, FI 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.
MemberDH 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 🙂
Memberage: 18
Partenrs age: 28
location: big city (san Diego, CA)
Living in it still: Yes
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Memberim 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…
MemberThe topic ‘How old were you/will you be when you purchase(d) your first home?’ is closed to new replies.
