Welcome back! Today I wanted to share some thoughts as it’s been a bit more than a year of being a home owner. After taking some time and reflecting, I have come to three conclusions I stand by and remind myself about often. To give you the backstory on our house before jumping in, I’ll give you a short summary of our house hunting journey.
Dan and I started looking to buy a house in mid May of 2017 and closed on July 25th, 2017. Our house had three offers on it by the time we were even able to see it- thank goodness for our amazing realtor David Traugott. Honestly, we didn’t think we had a chance, but still put in an offer and maybe an hour later we got the verbal acceptance! I cried in the parking lot of a Dunkin’ Donuts, I’m sure all first time buyers have been here before…right? Back to present day and we love our house, but we have also needed to come to terms with some things. With that said, let’s hop into my top three thoughts on home ownership!
Setting Yourself Up Financially When we bought the house as you could imagine our savings took a hit, but we knew we needed to start back up as soon as possible to ensure we had money ready and available for any unforseeable issues. One of the best things we did was set up a joint account that we transfer money into each paycheck. We have made a goal for this account, which is to save 20% of the house value. I think that everyone knows they have to save when they have a house, but my thought on this is to truly make a goal and stick to it. Breakdown what it will take to get there whether you get paid weekly, bi-weekly, monthly, etc to ensure your goal is feasible.
In our case we use this account for other items as well, but we use the app GoodBudget to ensure we are budgeting our funds for the right things. For example, within the app we have “buckets” set up for the dog, house, wedding, and monthly charity donation we have set for autodraft. When money is put into the account we allocate the proper amount to each of those and when we use the joint card, we subtract the expense from the proper “bucket” to track our cash flow.
Know Your Home This is a big one. We are one year out and have been extremely lucky. We have gotten our AC fixed with no major cost and have had to buy a new toilet, but that’s about it. We are fully aware that it could be worse and will be at some point when something big goes out. We took time to ensure we knew how old everything was for our house and if there was anything replaced. This goes for the AC, water heater, to the fence and roof outside! Over this last year, we have made sure to do what we can to take care of these items as best we can. There’s not a whole lot you can do sometimes, but when you can take preventive methods just take the time to do so. Even when that item may break at least you will have a plan and be aware that it was a possibilty!
Even for the little things like a sliding door, take the time to maintain it and ensure it’s in good condition. Owning a house is such an amazing accomplishment, but it is not cheap so avoiding costs and taking care of your home is so important! Proactive measures and prevenative methods will always beat out being reactive and rushed when things do go wrong. And again, things will go wrong at some point.
Have Realistic Expectations Would I love to redo my kitchen and fill my house? Of course, but with purchasing this house I had to humble myself and remind myself that we will grow into the space with time. Our house is four bedrooms, two and a half baths, and basically 3200 sq ft. Yes, we are crazy. No, we do not regret buying the home. Yes, the house is too big sometimes when Dan travels for work. At the end of the day though, we got an amazing deal, a house we can grow into, and a home that had everything we wanted on our list of “must-haves”.
If you’re anything like us, most of the furniture in our home is a combination between both Dan and I’s apartments. We purchased some items and were gifted things as well, but for the most part our house is just a mashup of everything we have owned previously, which surprisingly works out for the most part. With this said, I have to remind myself that it’s going to take time to fill this house and that’s okay. My taste and style have already changed a hand full of times so the more time I have the better I’ll be able to buy and decorate the house with Dan.
I used to get so frustrated with all the space we had and the lack of furnishings, but I’ve had to remind myself lately how lucky I am to be a twenty-something young professional with a house. I am so grateful to have a place to call home that has my name on it. To be paying money for more ownership into something. Having a home to create traditions and memories in. More and more I must remind myself that the material things that fill the home do not make it a home.
Filling up the house and making updates are still expectations I have, but are now long term plans. When you buy a home, make goals and have expectations that are feasible with where you are in life and what makes sense. I understand the pressure to do so especially if you want to host people or if you just want that “Pinterest” look, but your friends will understand and well, Pinterest projects aren’t always all that they seem. Just remember to pace yourself accordingly and build a timeline of projects, goals, and expectations based on the right timing for you. You alone, not for anyone else.
Owning a home has been wonderful and we have some amazing memories and traditions we have created here. I always love reflecting on our journey and how we got to where we are. As the end of the year creeps up on us, I can’t help but look around at my slimly decorated home for fall and smile. I smile because 2018 has challenged me, rewarded me, and humbled me. All things I have been able to process and work through within these four walls of my home, for which I am grateful for.
So how long did it take you to decorate your home? Were there things you were grateful you thought about once you owned your home? Do you like these types of reflection posts? Let me know in the comments! As always thank you for stopping by and I will see you on my next post!