Post # 1
We are not living together until we are married but the time has come to decide WHERE we will be living once married. FI’s apartment lease is up in a few months and we need to decided whether we want the top floor corner apartment downtown with lots of windows and in a beautiful old stone building OR a starter home in the newer and nicer part of town where we can live for 5-10 years and eventually start a family. The price would be about the same with both, but at least the house payment is going toward a morgage and not “down the drain.” Parking is $85/month downtown for one spot and free at a house. A house requires upkeep that an apartment does not. Does anyone have experience with this situation? If so I am in desperate need of council, the apartment won’t be on the market for long and we have house showings this weekend I really want to see to help make up my mind. I’m hoping on a gut feeling between the two before the apartment is no longer available!
Post # 3
We went with an apartment for a year before buying our house. I’m glad we did… since we had never lived together before, I think it helped to get a better idea of “how” we live together so we knew what we needed in a house (e.g. two sinks in the bathroom was a MUST). Plus, being newly married and living together for the first time is a big enough transition without having to worry about upkeep of a house!
Post # 4
We decided to buy a house. And while whenever we are raking leaves in our big backyard we jokingly say that we will be bought a condo, I love having our house. It is a lot of upkeep and you have to have a little bit of a nest egg for unforseen expenses, but them again even if you had an apartment your refrigerator could go at any minute. I didn’t want to pay every month for an apartment since we wouldn’t be putting money towards something and now that we have a house we have a home and a place we can live until we are ready to move or our family grows larger than our house. I bought location and it’s so nice to be able to sit on our deck and enjoy the night or have friends over. Now that we want to start a family it also takes the stress out of where we are going to live.
I will add that we never lived together before we got married. We were together for 5yrs and stayed over each other’s places so we knew our habits before getting married.
Post # 5
Right now we are in an apartment. DH works all over the place, and he had to have a place in a certain town, so we are renting 2 places. Once I am done school, and he no longer requires a place in the town we will either buy or rent a house.
I don’t think being in the apartment was a ‘bad decision’, but we’re not loving it. If you can afford a house, and are prepared for the commitment (having to sell is a lot more of a hassle if you move), then I would say to go for it.
Post # 6
We bought a house (paid in full)l, but at the moment we lease it out for income while we live with my Mother-In-Law.
The only thing to consider with a house is taxes, heating/cooling and maintance. They can get tricky aka $$$$$ and some times I wish we had just bought and lived in an efficient appartment!
However the deeper you get into the conversation, there is great equity and opportunity in homeonwership. You will have to take a good look at your future goals and finances!
Post # 7
We bought a house together right before we got engaged and we love it. We’ve been living there for a little over 2 years now and we like everything about home ownership. We’re moving in a few months (into another house) and I’ll really miss this one!
@bluebonnet:Your point about living in an apartment when newly living together is a great one I think. We had already been living together so we knew what those little must haves were and I think that’s really important when committing to something as (hopefully) long term as a house.
Post # 8
We live in a rental house, so kind of both? We do minimal work on it that the landlord would do, but it is easier to do ourself. But we both like the not sharing walls and having a yard part of the house. We won’t be buying a house for several years because for several years we will be moving due to education stuff.
Post # 9
DH owned his townhouse before we met, but he sold it and we moved into a house over 2 years ago. We love it, but it’s too big for us. 6 bedrooms, 3.5 bath, fully developed basement…75% of the house is useless at this point in our lives, but we figured we would grow into it and don’t really want to move for a while.
Post # 10
I wish we were able to afford buying a house before the wedding! I am only 23 and Fiance is 24, but we are good savers so we’re hoping to buy a place in the suburbs within 1-2 years after getting married next summer.
Post # 11
We live in an apartment, but we are not interested at all in buying a house for several years. I like that my friends have houses and from what I’ve seen, they totally love it, but we’re young and not ready to put down roots anywhere yet. Our apartment is teensy, so I will be wanting to upgrade that eventually though. I’ll be moving for graduate school (with my husband of course), we’ll want the freedom to move after we finish in 5 years, and we just get the itch to move when our lease ends, haha. I don’t think apartment $ goes down the drain since a house is technically not an asset, so I don’t value that over us not having to pay huge electric bills and do yardwork 😛 Probably when we have kids we’ll consider buying a house so they can have a big backyard and a puppy 🙂
Post # 12
- Wedding: May 2012 - Salvage One, Chicago
We live in our awesome apartment in the city. We are totally city people and want to move out of state for a few years, so we are in no hurry to buy a place, especially with the housing market as it is now- that baby is still going to drop. Once we settle on a city to live in, maybe we’ll buy, but that’ll be in 5 yrs or so 🙂
Post # 13
@roxy821: We’ve been together for 6 years and have stayed at each other’s places plenty through that time so I feel like we know our little quirks pretty well. Fiance has this dream of being young (we’ll both be 24 when married) and living downtown close to all the night life and our local college football field. I on the other hand want a cute little house to plan a future in.
Background, I have moved every year for the past 5 years, the last 2 times were following Fiance out of state for work then back again in less than a year…my concern with the apartment is that we’ll again be moving after a year or 2 in the apt. for a house eventually anyway. I’m just so tired of packing and moving and lugging furniture into more dwellings. I also don’t want to kill FI’s dream of being a cool downtown local. I also don’t want to be unhappy either…hm it’s a conundrum!
Post # 14
We live in an apartment, but our situation is a bit unique as we live in Manhattan. Buying a house is not an option, and apartments like ours would cost around $1 million to buy. We have zero interest in moving to the suburbs, so we’ll be renting for a while.
Post # 15
Fiance and I are debating the apartment vs house issue right now too… Thanks for the input ladies!
Post # 16
I started marriage in a house but I was already a homeowner before getting married. Being a homeowner is no joke. You mentioned the upkeep and if something breaks YOU have to fix it or get it fixed and I hope you have the money for that! Paying to get everything fixed can be expensive. If the two of you have some experience with fixing things and enjoy yardwork etc. and have the time and/or money to do all that then etc., go for it. I’d recommend you guys rent the apartment and get used to and enjoy being married then have this discussion again in a year when the lease is up.
ETA: I guess I have this perspective because within the last 12 months I’ve purchased a new dishwasher, new fridge, new hot water tank, and a new garage door opener. (all died) I’m about to get new carpet. Not cheap! (didn’t die, but we need it.)