A quick note:
I call you guys my friends from the internet, and I give your advice and opinions as much weight as my friends who I know in real life. So, thank you very much for your comments when I asked if I should think about buying a house.
The consensus was that this is a big decision and not something to rush into. I couldn’t agree more.
There are a number of things to consider:
- Renting one of the bedrooms. This would be very easy to do, and my sister is going to move to Portland in June, so there’s the possibility of her paying part of the mortgage too. I would like to find something that I can afford without my sister’s help so that if she finds the man of her dreams and moves out and gets married, I won’t be forced into a random roommate scenario. I’d like renting a room to be an option but not something I would HAVE to do because of my financial situation. Takeaway: I’d need a 2-bedroom place at minimum.
- What does the future look like? Anne asked where I see myself in five years. It’s a good question with a lot of possibilities. I would ideally like to be married, but I’m not putting a timeline on that, because I’m not going to settle for anyone less than the right one, and if that takes ten years, then that’s what it takes. A better question is, what if I meet someone in the next year who already has a house that is better than mine? Takeaway: Make sure to buy something that could easily be rented if Prince Charming comes along and wants me to live in his castle.
- Where do I see myself in five years? Portland. I really believe I’ll be here for at least five or ten (but more likely 40) years. There are a lot of great cities out there, but this is my home.
I met with a realtor, who said she would show me some houses. I’m not in a hurry, and I’m not dying to own something, so I’ll be willing to wait for the right one.
Just like dating. If it takes five or ten years to find the right person, that’s okay. Because forever is a long time.