We recently got mortgage approved (YAY) so now we are at the exciting stage of actually looking with a view to buy - not just window shopping! It's got us talking about all the options and how much we'd be willing to compromise on different aspects of our home and land. I think it's really important to know all your boundaries before viewing so your not pulled out of your comfort zone by the excitement of 'BUT THIS COULD BE OURS!!!!!' like we might if we viewed something like this!
These are the main points we want to keep in mind while house hunting;
- Money - the most important thing is that our new home does not force us into a set lifestyle for the next 10 years (i.e both have to work full time to cover bills), we must have the financial flexibility to live the lifestyle we choose. THAT MEANS BUY CHEAP!
- Space - enough space to have everything for our dream
- Location - close to where we live now (County Antrim, Ireland) not too close to main roads or roads likely to be developed in the future
There is also another option we have been considering the last few weeks and its starting to make more sense. That is, if the houses we are looking at don't fit our first point then we will consider an in between house, a house we can call home for the next 5 years where we can live the lifestyle we crave but maybe not have enough land for pigs, orchard, fire wood growing and goats etc Like this one we saw down the road (price too high and not quite rural enough though...)
|Front garden is right on a road - not too busy though...
|Really big back garden, could have hens poly tunnels and grow
everything we want, maybe even keep a dairy goat?
There is always options around if you don't have the land yourself but want these things. For example we could rent agricultural land - thats very cheap and could be really handy if it was your neighbour!
An added bonus of buying smaller/cheaper is that as the market starts to pick up again over the next few years and you do lots of work to your little cheap home you'll find it's worth going up and up! Leaving you with a house worth a lot more than what you paid come time to sell up and move on. Of course you might well fall in love with your house and never want to leave! Then you've saved yourself a huge amount of money, got your mortgage payed off quicker and everyones happy!
What do you think? Would any of you recommend and 'in between' house? The idea is really growing on us and it would mean we could buy sooner...