Among my many adventures this past weekend include venturing into the wonderful world of home ownership. It’s a big step, one that is quite terrifying to me at least. Up until this point my big purchases have been Medication that wasn’t covered by insurance, my Sony Bravia, my PS3, and my Car. Of all of those things, the car required the most thought and will have the biggest impact on me as a responsible bill-paying citizen. But owning property is a BFD.
I spent Saturday morning with my parents and a friend of my Dad’s who happens to be a Realtor and we checked out a couple of condos and townhouses in the area. Prior to touring Leesburg and Ashburn, I had been leaning towards a condo simply because the size of a townhouse scares me. It’s a lot of space for just me.
It felt like it was too much for me to take on. I’m still relatively young and I wasn’t sure if I was ready for that kind of change. I’ve lived at home, lived in a dorm, lived in an apartment with three other guys, lived in an apartment with one other girl, and lived at home (while taking over the basement). So called “grand living” spaces are a new thing to me and the thought of having all of that to myself is a bit overwhelming.
This fear had me leaning towards a condo for the past week. It’s small enough that I wouldn’t be intimidated by all of the square footage but it would still be something I could call my own. After seeing a bunch of property, taking some time to think about what we saw and talking to my parents I realized that for the future, a townhouse is the better choice. Selling a townhouse would likely yield more of a profit and given my propensity to have stuff, the townhouse has a lot more room for expansion.
As a result of this “enlightenment”, I’m almost 100% convinced that a townhouse is the right choice for me. Of course finances will have the final say in what goes down but it’s the unofficial official new direction. Ta-Da.
I’ll be sure to keep you all updated as things progress. I may or may not consult the masses for advice here and there but since this is still way uber early in the process don’t spend your waking nights thinking about my eventual move.
It will happen.
So all of that was drafted a couple of days ago. Then I started digging deeper into my current financial state. With my newly beefed up paycheck (thank you Avalanche HQ), it is time to take my bank accounts more seriously. I started by factoring the bill payments that are constant and more-or-less mandatory. For now the list is my Car, College Loan, TV (for 7 more payments), Car Insurance. That’s what I’m dealing with right now. I had my Dad work up some estimates for a possible mortgage payment, utilities and other real world expenses. The bottom line: as of right now, I would have very little money to play with on a monthly basis. And this doesn’t even factor in my credit card, which needs to be reigned in.
I’m not exactly freaking out right now, but I’m very concerned over how this will work. If it will work.
The real world sucks.