HJ and I have lived in 3 places (yup, and he is only 3). I first brought him home to our cute, 2 bedroom apartment in West Des Moines. Monthly rent: $805, without utilities.
Then we moved towns. To a college town. College towns have expensive rentals, and the rentals are usually run-down. We moved to this 2 bedroom duplex:
Rent was $850 a month. Because it was old, utilities cost about $250/month. And it was filthy. We spent days cleaning when we first moved in. I knew I was losing money by renting, so with-in 6 months, I started house hunting.
Those of you who have been following me a while know that about a year and a half ago, I moved into a new house (that I own…yup, I am a big kid). You may also remember when I started House Hunting.
Buying a home can be a stressful process. The houses in my price range were all older, and I feared the upkeep would be expensive. Plus, the closets were small. I don’t deal well with small closet space.
I loved it. I loved that I got to customize the floor plan, like adding a pantry in the kitchen and a walk-in closet in the master bedroom. I loved that I didn’t have to worry about updating a room. I loved that my utility bills have been cut in half!
I was able to get a modern floor plan that is open, perfect for entertaining. I was able to put my own spin on things like flooring and cabinets. And best of all? My mortgage was less than my rent. By almost $200 a month!
After all I learned, I strongly encourage people to check their markets. It might be more cost-effective to buy a house rather than to rent.
I currently have some friends house hunting, and I have suggested talking to builders and see what a new construction home would cost. You can find information on new houses at BHI’s Start Fresh Buy New. You might be surprised at the cost, and then you can get a beautiful new house…with large closets.
I was selected for this opportunity as a member of Clever Girls Collective, and the content and opinions expressed here are all my own.