(Closed) Would you buy your parents home?

posted 6 years ago in Home
Post # 3
Member
1096 posts
Bumble bee
  • Wedding: June 2011

I loved the home I grew up in and would have bought it in a heartbeat if they were selling it now and if I still lived in that area, unfortunately my mom sold it when I was 21.

We bought a newly built inventory home (new build but we didn’t build it) and there’s just still so much to do to make it “ours”. Don’t get me wrong, we feel at home, but there’s still things to be done, and dealing with the builder during the warranty process is a pain in the a**. Any home you buy will take awhile to make it yours and to have everything you want so if it’s a good deal and your husband loves it then it would be worth considering.

Post # 4
Member
504 posts
Busy bee

I had the opportunity to buy my childhood home and I did. I couldnt stand the thought of someone else living here. I’ve definitely made it my own and I cant imagine living anywhere else.

Post # 5
Member
918 posts
Busy bee
  • Wedding: June 2012

My sis did it, and I know a couple others who have as well.  I don’t think it’s a big deal.  You’ll redecorate, have different furniture, remodel as the time comes…it will be fine, and a good deal!

That said, don’t buy it if you just feel obligated.  Maybe look around at a few more first to help you see what’s out there in your budget.

Post # 6
Member
531 posts
Busy bee
  • Wedding: May 2013

I would definitely buy my moms house if she was selling it.  I know its been taken care of and could make it my own by redecorating.

Post # 7
Member
1426 posts
Bumble bee

@s.renea9:  Darling Husband and I moved into MIL’s house and his childhood home.  It’s been a tough road for me because of emotional attachments and the need for major renovations.  I thought, like you, that it would never feel like “OUR” home, because all of his family would have past memories of it and would only think of those (family members have already made comments of, “Don’t change that!  X happened there!”) I wanted to either build new elsewhere or knock down the house and build in the same spot, and I would still go back and do it to this day.  Renos have been put into motion and we can’t go back now.  I know someone else that moved into her IL’s house as well, and it apparently was the same thing.

I know that this is your own parents home, but do think long and hard about it.  Honestly, if you can, save up and go for what YOU and your Darling Husband want.  Many have told me that its just a house and can be changed (which yes, it can) but honestly, that feeling will always be there.

Post # 8
Member
9142 posts
Buzzing Beekeeper
  • Wedding: November 2013 - St. Augustine Beach, FL

I would suggest you and your husband go look at what’s available and compare it to your parents’ house based on location, size, price, and amenities.  Your parents’ house is just like any other house when it comes to buying a house; if they were giving it to you for free then I would say take it but since you would be buying it you need to look at it like you would any other house.  Fresh paint and decor would go a long way to making it feel more like home if it turns out to be the right deal.

Post # 9
Member
199 posts
Blushing bee
  • Wedding: March 2013

My fiance and I bought his childhood home from his parents, and it is perfect. We got it for a steal, and we knew that it was taken care of. We painted all the walls colors we wanted and added our own personal touches to the house. It totally feels like it’s “ours” and not theirs. As an added bonus, when we bought it, we borrowed extra to completely rennovate it so the house is in the process of getting a full makeover. (As a sidenote, it is an older house so the facelift was definitely needed). But we have the chance to do it over as we want it while still keeping the structure and location of where he grew up.

Post # 10
Member
389 posts
Helper bee
  • Wedding: July 2010

Are your parents moving out of town? I’d be worried that they would always think of it as their house, not yours.

I am someone who needs to do things on my own. So I wouldn’t be interested in buying my parents house, even if I loved it.

On the positive side, you do know exactly how the house was cared for in the past and you can save on realtor costs 🙂

Post # 11
Member
3220 posts
Sugar bee
  • Wedding: February 2012

I would consider it, but both my childhood home and FI’s parents’ home aren’t quite what we’re looking for in terms of our “dream home”– and I don’t think we could buy one of their houses for just a few years!  

(Mostly I just want a more open plan and a bigger kitchen– otherwise both the houses are great!) 

Post # 12
Member
3772 posts
Honey bee
  • Wedding: October 2012

I would love to! My parents put so much work into it and it’s gorgeous!!! Plus I love the neighborhood. Only think I’d be worried about is if they criticised my ‘home improvements’ I don’t think that would happen though.

Post # 13
Member
327 posts
Helper bee
  • Wedding: July 2013

We are hoping to buy my Aunt’s home, in a very simliar situation.   It has not been updated at all since she bought it, so we basically going to have to remodel from the ground up (it has avacado appliances and shag carpets…) but its so awesome to get to live in the town I grew up in and not have to worry about someone tearing it down and building a new one (a very popular trend in our area).

Post # 14
Member
5428 posts
Bee Keeper

I may get flammed for this, but if my mother offered me her house, I would expect it to be “given” to me, not selling it to me. That would be my inheritance… I would be offended if she asked me to buy it from her.

Post # 15
Member
6015 posts
Bee Keeper
  • Wedding: March 2012

In a flipping heartbeat.  We grew up in that neighborhood, no worries about the neighbors, the schools, there’s a community pool with in walking distance, and a great rec program.   I know all the problems with the house too, and my Pop would have been able to help with the people that have worked on the plumbing, the electric and all the warranties for the appliances. 

I think if you paint, and take down wallpaper, maybe move furniture around so the layouts are different it will feel like yours.

Post # 16
Member
2559 posts
Sugar bee
  • Wedding: September 2010

If I’d grown up in a town that I wanted to live in, sure! I love my childhood house (or at least the latest one that I spend most of middle/high school in), but there’s no opportunities for my career there. If I could pick up the house and move it to where I wanted it, I would!

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