Saturday, August 01, 2009

Home is where the heart is. Right?

As many people close to me know, I've been spending far too much time lately obsessing about a particular house on the market. It's a beautiful house, with character and charm, and a spacious but private yard, and it's certainly within my price-range should I want to buy it. In fact, this house is pretty much my dream house. The problem? It's 1.5 hours away from my job, and my job is not really one that would allow me to work from home. And I'm nowhere near being prepared to walk away from my job for something else closer to this house. I won't give up one dream for another.

Still, this makes me a little sad. I'm not uncomfortable where I am right now and quite like my current living space (for the most part). But I'm really looking forward to the day when I will feel finally settled into a home of my own. I realise that renting right now is actually pretty dumb, considering how low the interest rates are for mortgages and I had to be throwing good money away on an investment that's not my own. I also know for a fact that my mother is tired of storing the remaining bits (bits may be an understatement) of my stuff and would happily repatriate it with the rest of my things the first chance she'd get.

But here's the other problem: it's difficult to buy in the HRM on a single-person's salary. Interest rates are low, but housing prices are not. Even most condos are above my price-range. Now this is where I could bemoan my single-ness and wish I were in different circumstances - because there is no doubt that buying would be much easier with two incomes - but this I refuse to do! All told, I'm okay with being single. Sure, it's not quite where I thought I'd be at this stage in my life, but I'm determined to not let it stop me from doing the things in life I'd like to do - the things in life I'm supposed to do. Like own a home, rather than rent for the rest of my life. Afterall, I need to be sure I have a place to live in my retirement, right?

So now comes the fun part. Preparing. I'm still a long ways off from buying. I've got a bit of work to do. I have to carefully evaluate what it is in a home that I'm looking for: location, features, amenities, etc.; and I have to squirrel away more money for a downpayment and for "the inevitable emergency" fund.

In the meantime, I'll try and tear myself away from the idea of living in this picture-perfect house and of the quality of life it inspires. Sigh. Here's hoping for something equally as lovely here in the HRM when it comes time for me to buy.

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