We’re house hunting right now, and it’s soo hard waiting for the right one to come along. There are so many aspects of home ownership that I’m looking forward to… and so many aspects that’re scaring the pants off of me.
Things like knowing what the heck I should do when a water heater decides to rust out and ruin everything in the basement, or what to do about the cutest damn bird that built a nest and invited her entire family into in the dryer exhaust vent. As a renter in these situations, all I had to was hop on the phone and tell the guy we write a fat monthly rent check to, that his house was broken. And then there are the new everyday tasks that’ll be added to our to-do lists. Things like mowing the lawn and shoveling the driveway (though hopefully never simultaneously). And let’s not forget the mortgage that’ll be hanging over our heads for the
next couple years rest of our lives.
All of this used to make me think twice about buying a house, but I’ve since done a 180. So why in the heck are we looking forward to home ownership?
First, the most important (but also least glamorous) factor… the financial perks.
Are there financial perks to buying a house instead of renting? I know, as a long-time renter I was asking myself this too. Here’s the biggest realization that made us come to our senses about why buying a house truly is the right thing for us right now:
With a rent check we’re never going to see any of that money again, but with a mortgage payment part of every month’s check will be tallied under our name (ie. added to our metaphorical piggy bank). So when we sell our first house and go to buy the next best thing, this accumulated money will be in our pocket. In other words we’ll be turning our money into a snowballing asset, or in adult speak… we’ll be building equity.
BAM. That’s big kid stuff right there.
(side note: there are gobs of other financial benefits, as well as drawbacks, to buying a house. It truly depends on you and your current financial situation. HERE‘s a good article weighing the pros and cons if you’re feeling lost.)
Second… there are (of course) the superficial perks.
We’re going to have a yard! That alone is reason to celebrate. We have this pooch who’s more picky about where he does his business than you probably want to hear about. I can’t wait to be all, “what’s that Koda, you have to pee? Cool I’ll show you the door, have a good time in the blizzard.”
And! Let me throw some jazz hands up for the garden and compost bins we’ll finally have space for! Things like egg shells, produce scraps, and coffee grounds are all biodegradable and great for the soil… but they can’t contribute all these perks to the earth if they’re stuck in a landfill. I cringe every time I throw these organics in the garbage.
Also! We won’t have to share a wall with anyone! We’re currently in a townhouse and share a wall with our neighbors. Granted it is the cutest little house and neighborhood I’ve ever lived in, complete with THIS wine bar and THIS dog treat bakery. So yeah, we’re all going miss having those shops around the corner.
Plus! Uh, can we talk about all the home DIY projects we’ll have at our fingertips? It’s going to be like HGTV and Pinterest had a baby, and out came… our abode.
And! Two words: finished basement. That’s a prereq. Wherever our future basement might be, it doesn’t know what it’s in for. That baby is going to get some heavy duty black-out curtains, surround sound, stadium sofa seating, one of those fancy curved tvs, maybe even a kettle corn cauldron thing in the corner. Or maybe it’ll get a very average tv and our five year old couch. But tomato tomahhto.
So tell me… do you rent or own? And most importantly, what do you love most about your home?