Welcome to the North American Subaru Impreza Owners Club Monday April 21, 2014
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC Miscellaneous > Off-Topic

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 10-03-2004, 11:44 PM   #1
The_Triton
Scooby Specialist
 
Member#: 18647
Join Date: May 2002
Location: -=AWOL OT MEMBER=-
Default Thinking about selling the house and getting a new home

I helped a friend move into his new home over the weekend. After seeing the house that he has moved into and knowing the price he has paid, I'm contemplating making the move to a new/newer home.

I bought my house 8 years ago. I was single at the time and life was very different. I've remodeled 90% of the interior of the home. I've spent countless hours landscaping and fixing up the outside. Even with all of the work that I have done, there is still much more that can be done to the home.

On of the things that motivates me to look for a newer home is that I know that despite how much work I put into my existing home, it still would not be what I want. The house was built in 1956. There are alot of things that I would like to have that are not structurally possible. As well, I'm tired of constantly working to fix and repair the house.

I've been lucky and have paid off 75% of the loan in 8 years. With the appreciation I think that I can get about $30 to $50 grand more than what I paid for it.

Now I'm just trying to figure out if that is the direction that I want to work in or not. I know that I can have the house paid off in 2 years. Or I could get another house and be in debt for at least another 10.


just something that's on my mind.....
* Registered users of the site do not see these ads.
The_Triton is offline   Reply With Quote
Old 10-03-2004, 11:45 PM   #2
mlambert
Scooby Guru
 
Member#: 13831
Join Date: Jan 2002
Location: 99 problems but a bitch aint 1
Default

house prices are peaked right now, not the best time to upgrade. But who knows..they could keep climbing...
mlambert is offline   Reply With Quote
Old 10-03-2004, 11:47 PM   #3
The_Triton
Scooby Specialist
 
Member#: 18647
Join Date: May 2002
Location: -=AWOL OT MEMBER=-
Default

Even if I decide to sell, it would not be until next year.

There are several small projects that I can do to my current home to greatly increase the houses sellability (is that a word?)
The_Triton is offline   Reply With Quote
Old 10-03-2004, 11:52 PM   #4
firedust
Scooby Specialist
 
Member#: 38795
Join Date: Jun 2003
Location: West Midtown Atlanta
Vehicle:
2003 WRX
Sonic Yellow

Default

The word is Saleability. Go for it...depending on your area and where you want to move, this may or may not be the time...of course, its NEVER a good time to buy a house from an interest rate or housing crazy standpoint..you just gotta try and stay in it a while to even it out.
firedust is offline   Reply With Quote
Old 10-03-2004, 11:53 PM   #5
WRXedUSA
Scooby Specialist
 
Member#: 26833
Join Date: Oct 2002
Chapter/Region: SWIC
Location: Seal Beach, CA
Vehicle:
'07 Bugatti Veyron
'03 Chevy Silverado

Default

Saleabilty

AKA Curb appeal.

My dad wants me to buy a house. I'm very handy. I just don't think I can hack it on single income.

I say interest rates are a low as they go. Use your equity to your advantage and upgrade now.
WRXedUSA is offline   Reply With Quote
Old 10-03-2004, 11:56 PM   #6
The_Triton
Scooby Specialist
 
Member#: 18647
Join Date: May 2002
Location: -=AWOL OT MEMBER=-
Default

One thing that appeals to me is not constantly working while at home. I would like to be able to work on Hobbies and things that I enjoy rather than working on the house and the yard.

I've decided against moving to the country. Too much work. Then again, I still want to be able to piss off the back porch or have sex in the yard without worrying about neighbors.
The_Triton is offline   Reply With Quote
Old 10-04-2004, 10:44 AM   #7
gr8-wrx
Scooby Newbie
 
Member#: 38411
Join Date: Jun 2003
Location: Antioch, CA
Vehicle:
2003 WRX Sedan
2001 Honda CR-V SE

Default

My wife and I bought our house new in 2000. Buying a brand new home is nice because of all the modern stuff included (including all Energy-Star appliances), but doesn't mean the house was perfect. We were lucky in that my wife is a stay-at-home mom and was able to constantly bug the builder to fix stuff.
gr8-wrx is offline   Reply With Quote
Old 10-04-2004, 11:14 AM   #8
Alpine
Scooby Newbie
 
Member#: 10960
Join Date: Oct 2001
Chapter/Region: NWIC
Vehicle:
2002 Impreza WRX
Silver

Default

Think about this... even though the price of the house you'd be moving into is peaking, so is the price of your current home . Personally I'd stay in the current house... only 2 more years? Think about all the extra moolah you'd have lying around because you weren't paying your mortgage
Alpine is offline   Reply With Quote
Old 10-04-2004, 01:11 PM   #9
The_Triton
Scooby Specialist
 
Member#: 18647
Join Date: May 2002
Location: -=AWOL OT MEMBER=-
Default

Quote:
Originally Posted by Alpine
Personally I'd stay in the current house... only 2 more years? Think about all the extra moolah you'd have lying around because you weren't paying your mortgage

That is definately a huge plus for staying where I'm at. The only thing is that if I decide to stay, I would have a 2 1/2 car garage built and an addition put onto the house to add about another 1000 sq ft. I currently have 2400 sq ft and would like to have at least another bedroom and a office.

I'm sure that would be another 25 to 35 grand. I'm trying to figure out if I should spend the $$ on the current house or just buy one with what I want.
The_Triton is offline   Reply With Quote
Old 10-04-2004, 01:40 PM   #10
BeeGee
Scooby Specialist
 
Member#: 27724
Join Date: Oct 2002
Chapter/Region: South East
Location: Raleigh, NC
Vehicle:
1970 F100
Black/White

Default

My experience with a new construction has been that it is as much or more work than an older house...not fixing broken things or updating stuff, but just getting it less like a giant beige box and more like a home. That includes interior painting, replacing some of the floors with more desirable materials, finishing the garage, landscaping, and dealing with sod layed on solid red clay. But it is nice that everything works and warranty service is only a phone call away.
BeeGee is offline   Reply With Quote
Old 10-04-2004, 01:45 PM   #11
Alpine
Scooby Newbie
 
Member#: 10960
Join Date: Oct 2001
Chapter/Region: NWIC
Vehicle:
2002 Impreza WRX
Silver

Default

[quote=The_TritonI'm trying to figure out if I should spend the $$ on the current house or just buy one with what I want.[/quote]

The eternal question!

Homes are tricky... my father-in-law wants to move out of his house because he's tired of taking care of the yard, nobody else in the hood takes care of their yards, and he's just kind of "tired of the place." You definitely have a lot of things to consider... sizes/values of other houses in your hood, current vs new location, current vs new neighbors, loans, blah blah blah... good luck mang.
Alpine is offline   Reply With Quote
Old 10-04-2004, 02:18 PM   #12
mikey 66
Scooby Newbie
 
Member#: 52392
Join Date: Jan 2004
Chapter/Region: E. Canada
Location: Hamilton Ontario Canada
Default

stay, add on.
you know your house is built better than the new ones.
mikey 66 is offline   Reply With Quote
Old 10-04-2004, 02:43 PM   #13
YoungWilliams
Scooby Newbie
 
Member#: 11311
Join Date: Oct 2001
Location: Laoag City, Ilocos Norte
Default

Depends on your location. I don't think there's a nationwide housing bubble, but there are quite a few spots where there is. If you're on either coast, now's definitely not the time to buy. In middle America, there's a lot of places where prices are still sane.
YoungWilliams is offline   Reply With Quote
Old 10-04-2004, 03:09 PM   #14
The_Triton
Scooby Specialist
 
Member#: 18647
Join Date: May 2002
Location: -=AWOL OT MEMBER=-
Default

located in Indiana. Just a few miles above Louisville, KY.


Prices around here are extremely cheap in comparison to what left/right coasters pay. I can get a nice 5 to 15 yr old 2400 to 3000 sq ft home with an acre of land for $130,000 to $180,000.
The_Triton is offline   Reply With Quote
Old 10-04-2004, 03:14 PM   #15
C-daleRidr
Scooby Specialist
 
Member#: 18074
Join Date: Apr 2002
Location: Norman, Oklahoma
Vehicle:
2008 Speed3
Black

Default

That's a large home.
C-daleRidr is offline   Reply With Quote
Old 10-04-2004, 03:17 PM   #16
The_Triton
Scooby Specialist
 
Member#: 18647
Join Date: May 2002
Location: -=AWOL OT MEMBER=-
Default

I've got 2200 sq ft right now and it seems cramped with just the wife and I
The_Triton is offline   Reply With Quote
Old 10-04-2004, 03:18 PM   #17
C-daleRidr
Scooby Specialist
 
Member#: 18074
Join Date: Apr 2002
Location: Norman, Oklahoma
Vehicle:
2008 Speed3
Black

Default

Impressive. Well, not really, more of a testament to having too much **** and needing room for it all.
C-daleRidr is offline   Reply With Quote
Old 10-04-2004, 03:20 PM   #18
Howl
Scooby Specialist
 
Member#: 57830
Join Date: Mar 2004
Location: Ontario CA
Vehicle:
1999 OBS

Default

If your house is your hobby, and this one is done, move.
Howl is offline   Reply With Quote
Old 10-04-2004, 03:23 PM   #19
The_Triton
Scooby Specialist
 
Member#: 18647
Join Date: May 2002
Location: -=AWOL OT MEMBER=-
Default

Quote:
Originally Posted by C-daleRidr
Impressive. Well, not really, more of a testament to having too much **** and needing room for it all.

sooooooooo true!!!!!


I need to have a yard sale.
The_Triton is offline   Reply With Quote
Old 10-04-2004, 03:26 PM   #20
plunk10
Scooby Specialist
 
Member#: 32342
Join Date: Jan 2003
Chapter/Region: International
Vehicle:
2004 :derp:

Default

Quote:
Originally Posted by The_Triton
sooooooooo true!!!!!


I need to have a yard sale.
Let me know when. I'll buy the useful stuff and make double profit on ebay
plunk10 is offline   Reply With Quote
Old 10-04-2004, 03:27 PM   #21
C-daleRidr
Scooby Specialist
 
Member#: 18074
Join Date: Apr 2002
Location: Norman, Oklahoma
Vehicle:
2008 Speed3
Black

Default

Quote:
Originally Posted by The_Triton
sooooooooo true!!!!!


I need to have a yard sale.
Give it to salvation army or a thrift store.
C-daleRidr is offline   Reply With Quote
Old 10-04-2004, 04:02 PM   #22
tbert
Scooby Newbie
 
Member#: 43357
Join Date: Sep 2003
Chapter/Region: Tri-State
Location: unwrapped
Vehicle:
2004 Smug 46MPG
2006 Clown Car

Default

Quote:
Originally Posted by mikey 66
stay, add on.
you know your house is built better than the new ones.
Amen to that. New houses = crap

tbert lives in a house built before his ancestors were created....
tbert is offline   Reply With Quote
Old 10-04-2004, 04:47 PM   #23
mikey 66
Scooby Newbie
 
Member#: 52392
Join Date: Jan 2004
Chapter/Region: E. Canada
Location: Hamilton Ontario Canada
Default

Quote:
Originally Posted by tbert
Amen to that. New houses = crap

tbert lives in a house built before his ancestors were created....
my house is also built in 1956 and the builders took pride in building houses back then.
mikey 66 is offline   Reply With Quote
Old 10-04-2004, 05:04 PM   #24
tbert
Scooby Newbie
 
Member#: 43357
Join Date: Sep 2003
Chapter/Region: Tri-State
Location: unwrapped
Vehicle:
2004 Smug 46MPG
2006 Clown Car

Default

Quote:
Originally Posted by mikey 66
my house is also built in 1956 and the builders took pride in building houses back then.
Mine was built in the late 1800s. It was on the Main St. until it was moved 1.5 blocks back from Main St. to its location where it is today in early 20th century. There were two additions to the house after the move. But the original side of the house still has horse hair plaster walls, and actually much better insulated than the 20th century addition. A lot of character, I tell you. But I think the house is slowly moving today. the back stairs look more and more crooked every day.
tbert is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Thinking about selling the FXT BrysImpreza New England Impreza Club Forum -- NESIC 20 06-01-2004 12:22 PM
So I was thinking about selling the WRX... V6TurboTA New England Impreza Club Forum -- NESIC 14 12-23-2003 05:11 PM
Thinking of selling the M3 and getting a WRX Wagon MJS Mid West Subaru Owners Club Forum -- MWSOC 51 12-08-2003 04:40 PM
Thinking about selling the RS-t, Hondaslayer Mid West Subaru Owners Club Forum -- MWSOC 65 11-19-2003 10:22 AM
thinking about selling the WRX -LD Mid West Subaru Owners Club Forum -- MWSOC 0 06-10-2003 01:17 PM


All times are GMT -4. The time now is 09:10 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2014 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.