I can't work! It is 11 am and still haven't done much lol
I went yesterday for my first condo viewing and my mind is so preoccupied with this!!!
31-35, F
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I am opting for older condos but better space, and layout. New condos are within my budget but they all resemble a shoebox in size and their layout suck as you find the kitchen literally in the middle of your living room!
If I end up signing contracts, I will do some renovations but I am actually excited to do that. I think it is smarter to buy a bit cheaper (but have the good space and nice layout that I will never be able to change in a condo) and then do a bit of renovation and change the things that can actually be improved and will make the place newer (basically build value on my investment). Although I don't want it too new, it has a nice classic look to it which I am actually liking.
Let's see where this goes i am too excited and getting ahead of myself with plans already. I shouldn't, still too early!
If I end up signing contracts, I will do some renovations but I am actually excited to do that. I think it is smarter to buy a bit cheaper (but have the good space and nice layout that I will never be able to change in a condo) and then do a bit of renovation and change the things that can actually be improved and will make the place newer (basically build value on my investment). Although I don't want it too new, it has a nice classic look to it which I am actually liking.
Let's see where this goes i am too excited and getting ahead of myself with plans already. I shouldn't, still too early!
firefall · 61-69, M
@BittersweetPotato This is very sensible, if you're determined to live in a condo :p
BittersweetPotato · 31-35, F
@firefall I am determined. Buying a house didn't make any financial sense. I will spend all my savings and borrow a large amount of money during a time when interest rates are very high, just to buy a large space which I am not going to use being single, and certainly not interested in renting out and sharing with a stranger. It may have made some sense from an investment perspective had interest rates were very low then I could take advantage of that and borrow cheap and invest in a large space that would appreciate more than I I am spending because the cost of money is not so expensive. That's of course in addition to the pros of condos vs a house, more convenient, less maintenance, and closer to trains, downtown etc. and the fact that I lived my entire life in a condo so it is not like I was dying to get a house or know how to maintain it. All in all condos made a lot more sense during my current situation.
firefall · 61-69, M
@BittersweetPotato That all makes sense. - I didnt mean to argue you out of it.