TurkeyOnRye
Well-Known Member
I just wanted to share the exciting news with everyone that I am in the midst of my very first home purchase and we are now sale pending. 
The home is a 2 bedroom 1.5 bath 2-story condo and is very close to my work. It has a washer, dryer, and fireplace, so it really feels like a home. It is a bit outdated (especially the kitchen), so I will be doing some renovation after closing. She's a modest 829 square feet, but actually feels larger than the other condos I looked at due to it being two stories and having vaulted ceilings in the master bedroom. Volume vs surface area. One nice thing about this condo is there is nobody above or below me. In fact, it shares only one wall with one neighbor as it's part of a duplex. I really wish I could've found a detached single family home, but given all the restrictions, I think I lucked out.
Although I would LOVE to move into it as my primary residence right away, I have decided to continue taking advantage of the dirt-cheap rent at my current apartment and renting the property out. My financing is a 30-year fixed conventional loan, but my current plan is to make large frequent payments, and I do think it is within the realm of possibility to get it payed off in half the time. Heck, if I play my cards right, maybe I can even pay it off faster.
Like I said, I would ADORE moving into the place...the idea of having the entire home to myself, free to romp up and down the stairs, knowing it's all mine is a GLORIOUS thought. For that reason, I will be taking the first couple of months during the renovation to really get to know the place. I'll spend some nights there...eat there...become the owner.
Honestly, I'm really surprised to be in the shoes I'm in now. Just a few years ago, I was broke, depressed, had no career, and was basically going nowhere. I now have a stable career and am just weeks away from being handed the deed to my very first home! I certainly have plenty of things to sort-out still, but honestly, if someone had told me then that I'd be here today, I wouldn't have believed them. That is certainly something to ponder when life gets tough.
The home is a 2 bedroom 1.5 bath 2-story condo and is very close to my work. It has a washer, dryer, and fireplace, so it really feels like a home. It is a bit outdated (especially the kitchen), so I will be doing some renovation after closing. She's a modest 829 square feet, but actually feels larger than the other condos I looked at due to it being two stories and having vaulted ceilings in the master bedroom. Volume vs surface area.
One nice thing about this condo is there is nobody above or below me. In fact, it shares only one wall with one neighbor as it's part of a duplex. I really wish I could've found a detached single family home, but given all the restrictions, I think I lucked out.Although I would LOVE to move into it as my primary residence right away, I have decided to continue taking advantage of the dirt-cheap rent at my current apartment and renting the property out. My financing is a 30-year fixed conventional loan, but my current plan is to make large frequent payments, and I do think it is within the realm of possibility to get it payed off in half the time. Heck, if I play my cards right, maybe I can even pay it off faster.
Like I said, I would ADORE moving into the place...the idea of having the entire home to myself, free to romp up and down the stairs, knowing it's all mine is a GLORIOUS thought.
For that reason, I will be taking the first couple of months during the renovation to really get to know the place. I'll spend some nights there...eat there...become the owner.Honestly, I'm really surprised to be in the shoes I'm in now. Just a few years ago, I was broke, depressed, had no career, and was basically going nowhere. I now have a stable career and am just weeks away from being handed the deed to my very first home! I certainly have plenty of things to sort-out still, but honestly, if someone had told me then that I'd be here today, I wouldn't have believed them. That is certainly something to ponder when life gets tough.
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