(Closed) Spinoff poll: how much was your first home?

posted 4 years ago in Home
  • poll: How much money was your first home? USD
    $100-149k : (40 votes)
    16 %
    $150-199k : (44 votes)
    18 %
    $200-249k : (37 votes)
    15 %
    $250-299k : (31 votes)
    12 %
    $300-349k : (15 votes)
    6 %
    $350-399k : (26 votes)
    10 %
    $400-499k : (14 votes)
    6 %
    >$500k : (43 votes)
    17 %
  • Post # 46
    Member
    5364 posts
    Bee Keeper
    • Wedding: May 2016

    We’re a little north of Atlanta and were 23 when we bought our house last month. It’s in the best school district in the state, 4 bed, 2.5 bath, close to 2500 sq, 2 car garage and we paid $233k. 

    Post # 47
    Member
    10103 posts
    Sugar Beekeeper
    • Wedding: City, State

    There wasn’t an option for what I spent. I bought a home for $50k that was in rough shape in a good area and my dad completely renovated it to bring it up to snuff. Its not a bad sized house and if I want to sell it ever i’ll automatically be able to sell it for much higher than I paid.

    Post # 48
    Member
    1245 posts
    Bumble bee

    JiminyCricket:  ditto! 

    We paid $499K for our 3 bdrms,  1800 Sq ft detached home about 30 miles outside of Toronto. If we wanted to live in the city we would have spent  $1million for the same home and it’s not super fancy haha.  Even a 1bdrm condo in the city would start at $400k

    It boggles my mind the prices of homes here and without FIs substantial down payment I don’t think I’d ever have been able to afford a home like this.  

    Since we bought in Dec., we’ve made about $55k  in equity just based on the market.

    • This reply was modified 3 years, 9 months ago by  robynrox47.
    Post # 49
    Member
    273 posts
    Helper bee

    I saw some of these prices and thought to myself, “I REALLY need to move!” In my area You can’t buy a house for anything less than $400k and that’s a small fixer upper.

    Post # 50
    Member
    2968 posts
    Sugar bee
    • Wedding: September 2015

    Our house was 229,900CAD so 175,135USD (gotta love that exchange rate). Purchased 2 years ago.

    It’s in a good area of our city, 950 sq ft 3 bedroom, 1.5 bath, 2 car detatched garage plus parking for 2-3 more vehicles. Built in 1971. 

    It’s probably not our ‘forever’ home, but we definitely plan on starting our family here. We likely won’t move for 5-10 years, but I would be ok with staying even longer.  We’re less than a block from an elementary school, which would be freaking amazing.

    Post # 51
    Member
    814 posts
    Busy bee
    • Wedding: June 2014

    We are currently building our first house in the Midwest. It is a 3bd, 2 bath, 1650 sq ft home. We are paying $165k. It’s not our forever home, but we are planning on at least 3-5 years before we build our forever home!

    Post # 52
    Member
    602 posts
    Busy bee
    • Wedding: September 2014

    $700k for 2000 square feet, tiny yards, Southern California.  We will probably stay here for a few more years.

    Post # 53
    Member
    365 posts
    Helper bee
    • Wedding: June 2020 - Black Mountain Lodge at Arapahoe Basin

    We close on our first home in just a few weeks! We are both in our mid-20’s and are paying $293,000 for a 2 bed/2.5 bath end-unit townhome in Denver proper. It’s 1300 square feet (1900 if you include the unfinished basement), a teensy bit of fenced outside space – not a yard per se, it’s gravel, not even grass but just enough to let the dog out to go pee. There’s also a detached garage that’s accessed through the fenced in space outside (it’s like 6 steps away from the house) and an additional reserved parking spot. We also have an HOA fee of $175 that takes care of everything on the outside and includes our water bill as well. My commute is being cut in half and my SO’s is dropping by almost an hour! We can also walk to the light rail (Denver’s train system) which can get us downtown without having to worry about having a couple drinks at dinner, where we’re parking, etc. We can’t wait and congrats to everyone on their first homes – such an exciting time! 

    Post # 54
    Member
    12 posts
    Newbee

    We should be closing on our first house in about 3 weeks, 1,050sqft upstairs and a half finsihed basement 3bd 2bath and a slightly oversized 2 car garage and a nice yard with a rear covered patio for $155,000 we are in a suburb outside of St.Louis, MO. The market is hot in some spots and maybe luke warm in others. 

    Post # 55
    Member
    145 posts
    Blushing bee

    Having to convert my AUD to US, and seeing how cheap my house would be in America made me sad haha. Damn these melbourne house prices!!

    Post # 56
    Member
    346 posts
    Helper bee

    We purchased our first home last month. 1600 sq ft 3 bedroom 2.5 bath condo in DC proper $600,000. We lucked out and found a 3 bedroom every other 3 bedroom started at 650,000. Our original budget was $500,000 but we couldn’t find anything in that range. 

    Post # 57
    Member
    893 posts
    Busy bee
    • Wedding: October 2013

    52k 29 years ago for a 900 sf townhouse in Massachusettes. We got a really good deal. Its not the best city but the area we are in is in the better part. Lower end build, of course but the location was convenient. I bought it myself and had very little to put down, so it worked for me. After what I had seen for 3x the asking price, I jumped on this. It has very nice grounds with a lot of grass areas, some woods, a pool and a tennis court. On the downside, it has electric heat and no dining room (but an eat in kitchen). When I got married we talked about moving, but bby then my medical bills and credit had become a barrier, and it is close to a major hospital that has an ER that deals both with a lot of transplant and diabetes emergencies (although I do not utilize it often, it feels good to know it is a 5 min ambulance ride if I need it).

     

    At this point in life, I would prefer one-floor living, ut hey….the price is still right and they allow dogs. I never wanted a stand alone house, and still dont BUT, if circumstances were different, I would like a higher end place. Oh well – lol

    Post # 58
    Member
    19 posts
    Newbee
    • Wedding: December 2016

    We recently paid $224k for our new construction townhome in Central Pennyslvania. 1839 sq ft, 3 beds, 2.5 baths, 2 car garage, and partially finished basement. Some other things play into that price because we upgraded a few things.

    For now, it’s our forever home. We don’t see a need to move into a larger home unless we have to. We plan on having one child, so we’re set. (That may change in the future but we’ll see.) Plus we’re in a nice area and good school district. 

    • This reply was modified 3 years, 8 months ago by  anb5032.
    • This reply was modified 3 years, 8 months ago by  anb5032.
    Post # 59
    Member
    45 posts
    Newbee
    • Wedding: May 2017

    We just closed on our house less than a week ago. We purchased it for 254k.  Now we are starting to save up for our wedding next May!  

    Post # 60
    Member
    511 posts
    Busy bee

    We bought a tiny 37sqm 1 bedder flat in Syndey for $268k about 5 years ago, it’s now worth more than $600k because the location is superb and the town is gentrifying. 

    The topic ‘Spinoff poll: how much was your first home?’ is closed to new replies.

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