When you can't agree on a house, what do you do?
When you and your Loved Other are looking or talking about buying an established house, or land and building, etc, and you want one thing and they want something else, and you can't agree, what do you do?
The Man and I are talking about two properties at the moment. He wants to buy a block of land in the little town we are in. The block is about 2700-2900 metres square (there are three blocks next to eachother for sale, varying in size). It's on the high side of the road the low side has only a couple of houses on it, then is forest to The River. We would then pay some off the mortgage I think, and build a big shed, fit it out for living and move in to it, build a house with some of the fittings in the ahed (like kitchen), and then we have a big shed for our toys. I used to be all for this idea, but now I want an old house. Even building a house to look old, it never will be the same.
A property I like is in a town about four kilometres West of here, away from The River. It is a three bedroom two bathroom home, with some big verandahs, on 2260 metres square. But it has no garage or shedding (sorry, a little garden shed, but that's not what I am talking about really), and it has a carport. The carport would be the only outside play area at the moment for the kids, and it is gravel. The block has a few trees, but nothing spectacular. The property is currently a rental (until April next year).
The price difference is $90,000, if the asking prices were paid. The issues the Man has with the house is that it jas no garage and it would be expensive for us to build one, having to pay off some mortgage first, and the amount of mowing he would have to do. That doesn't really make any sense to me. He also talks about having to spend his time not at work, working on/around the house. Again, not sure on that, as he is talking about us doing a great deal of the building on the block. I do understand his saying that he doesn't want to move away from The River. It's ten minutes away. If that. And we would also have to build undercover areas, etc.
We're not fighting over this, but are in disagreement. Am I just not making sense of what he is saying because I am so blinded by what I want? (I really want an old farmhouse sort of place.....)
When you can't agree on a house, what do you do?
Gosh it is such a tricky situation! I can relate though as this place is owned by DP, its too small for us by far and we're looking at both options too. Luckily we've been pretty much in agreeance so far, but we listen to each others concerns and if one isn't happy, we look at other options. I know its hard having limited options in the country. We're also having massive issues with the BMO guidelines now, we're looking in a bushfire management overlay (used to be the wildfire management plan thingo) which is such a joke. Even Marysville isnt in one (Vic fires) and there havent been fires here at all. It involves crazy crap like providing a 10,00lt tank for CFA use only, access requirements, more expensive, fire resistant building material requirements and roofing - depending on what your permit gets rated you can be hugely out of pocket - around an extra $20k on what you already budgeted for! Been a huge shock because no-one told us about this til we signed on the dotted line, found out by chance the other week. Sent us into a headspin.
So we're in limbo too, wondering what to do - risk the $3000 assessor fee, $490 permit fee, to tell us we need to spend an extra $5k to $20k+ or just wait until a 4br house comes up for sale. Its soooo hard! I wish you guys luck!
When you can't agree on a house, what do you do?
Thats the story I hear from everyone. Building always has hidden expenses and takes longer than initially quoted. One of my DP's workmates said after building 2, he'd rather buy established now. I also know a fair few who have built and are struggling financially. With extra costs on top of building, usually buying at your top borrowing capacity, interest rate rises etc, they cant even afford to go out. Can happen with a home too, but usually the surprises are not so expensive (but not always I would imagine).
Re: When you can't agree on a house, what do you do?
I think you should sit down together and really nut out all the pros and cons of both choices and really consider the time it will take, your lifestyle during transitions (building and renovating and moving), and how much it will cost to achieve both.
There are obvious pros and cons to both. You just need to really brainstorm it all out thoroughly before you make a decision.
When you can't agree on a house, what do you do?
Haven't read other posts but thought I'd share this even tho you won't wanna hear it! A friend of ours bought an old house to Reno and wishes she never had bothered. The more they fixed the more issues they found and the cost of it has been blown completely out of proportion. But they have to do it now because they've started and they won't get anywhere close to what they paid for it selling a half renovated 100 year old house.
Sorry but I don't think I'd do it.
When you can't agree on a house, what do you do?
I'd be up for the renno! Hubby and I have just purchased a 30 year old home to renno. We built the house we are currently in 3 years ago and it cost us a fortune!!! A lot of people look through display houses and think that's what they are going to get... WRONG!!! Like a pp said you forget about all the extras. The house we have bought is $100k less than what we owe on this one, not including all the extra money we have spent ob this one. Gardens $20k, air con, paint, upgrading shower heads, curtains, floor coverings etc.
There is no way our renno is going to cost us more than $100k and there is potential to make about $300k if done right. Just make sure if you buy a house to renno then you get a building inspection and pest control report done before you buy it.