We've been living here in our apartment for five years (since 2007 when I met my husband) -- and actually, I lived in the building across from ours for three years before that so that's 8 years combined! Crazy!
Honestly, we never thought we'd be in Georgia this long -- but when the economy went in the crapper we decided it'd be wise to stay (and keep paying cheap rent), and luckily the job turned out better than we'd hoped, too. So yeah, we're staying in Georgia, for a while.
So the question is: should we spend that time owning or renting?
We already know the pros and cons of renting, but for us the negatives of renting are outweighing the positives. When we weighed our options we focused on the good and the bad of
owning and we didn't let every renting nuisance influence the positives of owning. For example: We didn't add "we could grill outside" or "we wouldn't have to carry groceries up three flights of stairs" to the pros of owning a house because renting a place that doesn't have stairs and that does allow a grill can solve that. Renting nuisances are not a good enough reason to take out a loan for hundreds of thousands of dollars!
Not a day goes by that we haven't weighed our options. We've been asking ourselves this question for two years! We've been like anxious kids on their way to Disney Land. Ok, most kids are
excited to go to Disney Land. But you get what I'm saying...
(2010) Are we there yet? No.
(2011) Are we there yet? Almost!
(2012) How about now? Yes! We're here!
We're here! We're going to buy a house!
We're going to buy a house! It makes sense financially but most importantly we feel it will improve our quality of life. There's so much reward (and work, but nothing worth having is easy) in owning your own home and we're ready to reap those benefits! Renting this apartment has been good to/for us but it's time to move and move on. We don't know what house,
yet... but we're
so excited (and anxious) to be starting the search! I'm one of those people always preparing for the worst -- I have a Plan B and a Plan C all the way to the bank! But the amount of deep thought, time and research we've put into this decision makes me feel really good! We're keeping our budget modest, expectations reasonable and most importantly we have patience. We've submitted both a 60-day notice and a month-to-month lease agreement just in case we don't find a house in time. There's no looming time line to pressure us!
So far we've done tons and tons of drive-bys and only looked at a few houses inside. But I hope to write about the contenders when the time comes. In the mean time, driving around new towns and touring homes is really helping us pin point the most important things to us in a house and our favorite areas as well. But more on that in a later post! Right now I have about a hundred search results to go through! ;)