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IVFGirl1111
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Topic: What would YOU do re houses etc Posted: 05 October 2009 at 9:41am |
So just wanting to know what you personally would do.
Would you rather have a brand new house in an area that was nice but 30 minutes away from your work and family (but VERY close to DH's work)
Or
Stay in your own house which you have done up but still is old but its in an area that is good for both of you, stay there for another 2 years to save up more $ to then get a new house in the same area.
DH wants option 1 - Im unsure!
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lilfatty
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Posted: 05 October 2009 at 9:47am |
Well I live in Auckland, so im used to being 30 minutes away from most things! lol
Actually I live in West Auckland (Henderson) and my parents live in West Auckland (West Harbour) and it would take me a good 20 minutes to get there.
It would depend on the commuting part .. I cope with commuting much more than DH so to me if would be better to be closer to his work than mine.
As long as the new house was in a good area, I would probably go for the new house, then you can always move back into the previous area after a couple of years after building some equity.
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Babe
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Posted: 05 October 2009 at 9:47am |
I'd personally go for option 2.
We're almost completely debt-free so as of christmas we're adding an extra $100 p/wk to our mortgage payments and cutting 25 years off our repayments (even just an extra $50p/w would've cut off almost 15 years!). The more we can get paid off the mortgage and the longer we can stick it out living here then the more equity we'll have which means more options in the future.
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myfullhouse
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Posted: 05 October 2009 at 9:51am |
If I didn't need to move (i.e. current house right size, don't need to downsize mortgage etc) then I would stay put and save for a house in the same area if that is where I wanted to be
We recently bought a house that needs work (DH has just started adding another 70m2!) but it is in the area that we want, has more land and obviously room to make the house the size we want. Unfortunately it is about 20mins from my parents (we used to be about 5mins away) and further from DH's work. However we really like the area and there are so many more advantages to living here. But if the area wasn't right then I would never have bought here. I think it is best to live in the area you like rather than the house, you can often make changes to a house
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kebakat
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Posted: 05 October 2009 at 10:28am |
Option 2, 30 mins commute would piss me off.
The inlaws have just got a new house reason being commuting, she has to commute yet he doesnt. So they have got a house where they both have to commute but its much shorter for her than it was. Its a good compromise.
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Turtle
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Posted: 05 October 2009 at 10:33am |
I agree that if you don't need to upgrade your house yet, (for size etc) then I would stay in your old house.
Are there any other advantages to the area that the new house is in apart from DH's work?
I'm also in Auckland so find commuting to work normal. I have a 30 minute drive every day, and DH spends 50 minutes on the train. But for us it was worth living where we are to be near our families.
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IVFGirl1111
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Posted: 05 October 2009 at 10:52am |
Thanks guys.
The new areas 2 draw cards are that its really close to DH's work - but the main reason is we can buy land there for so cheap and build.
A section there is about $80k cheaper and twice the size of if we were to buy a section were we REALLY wanted if that makes sense?
ETA - at the moment Im 10 minutes from work and 10 minutes from my family - so I'd be about 30-40 minutes away from both if we moved to the new area...
Edited by BooBoo
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TTC 6 years IVF it is IVF/ICSI round one 10 eggs, 8 mature, 3 fertilised BFN IVF/ICSI #2 = 22 eggs! 20 mature, 15 fertilised, 1 fresh transfer and 2 frosties BFN 2 Frosties still in freezer thank god
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Febgirl
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Posted: 05 October 2009 at 11:12am |
Option 2 sounds like you're already in a more established area, so your property prices are more likely to increase? I'd stay unless you really felt like you needed to move right now.
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GuestGuest
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Posted: 05 October 2009 at 11:20am |
Depends on what is more important to you. Is your old house cold in winter? We moved from a 1920s bungalow to a brand new house and it was like night and day on the warmth stakes! (we're in ChCh too).
We also went from having a relatively small mortgage to a large one. If we had stayed in the old house we would be mortgage free by now but we made a lot of money on it when we sold it and are a lot happier now in a nice new, warm house. The houses are only 5 mins away from each other though so we didn't have the whole distance factor you do.
My work is 25 mins away on a busy traffic morning and I love the drive. Nothing is far away in ChCh! In comparison I had a one hour commute when I lived in Akld.
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Bobbie
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Posted: 05 October 2009 at 12:16pm |
It depends on the overall quality of life really.
Will you be slave to a large mortgage with option 1?
Will the drop in commute time for DH/Increase in commute time for you affect your family interactions positively/negatively?
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emz
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Posted: 05 October 2009 at 12:26pm |
Hmmm I liked the piccies you posted a while back of your house you're in now  OK so knowing what area you're in and all of that, I'd probably stay (option 2).
What area is Option 1? Are you thinking Ohoka way or south (Rolleston way?)
Another thing I guess you need to think about, is what are you plans once you guys have kids? While you're off work it'll be cheap in fuel for D being so close to work, but if you then return to work and have to pay more fuel (does it work out more?) as well as childcare etc it might put a bit of a strain on you guys financially.
Like what Bobbie asked, will option 1 make things a lot tighter financially? Because that could make you resent commuting a lot more.
I do like the warmth of new houses though, and also the option of building the way you want.
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HoneybunsMa
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Posted: 05 October 2009 at 2:06pm |
Umm dunno we live in Auck central and have for roughly five years as both DP and I worked shift work in town and driving or bussing from East Auck to Central sucked lol
I live about 20-25mins from mum and dad and DP lives about 30-40min from his famly they're out west though and we live about 15-20min from town and work so its all kinda equal we also spend more time with my family so are better off closer to mine then his
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IVFGirl1111
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Posted: 05 October 2009 at 2:36pm |
Thanks guys and thanks heaps Em :)
It wouldnt push us financially we are lucky to have brought our house at a good price so have a small mortgage and have been still putting money aside each week as if we were paying a mortgage - so money wise its much of a muchness if that makes sense?
Although our house is old - we have put a new heatpump in and if we were to stay for another couple of years we will also put a new fire in, have put DVS etc as well so it is a hell of a lot warmer than it was when we brought it 6 years ago!
We are thinking of Rolleston Em, I would love to live out Ohoka way which would be super close to my parents - but land is SO dear there! Oh and its ages away from D's work ;)
The plan is for me to have hopefully 2 years off work.
Honestly we have been toying with this idea for like 3 years now! And keep coming back to the drawing board - because at the end of the day I dont "think" I want to live there - but then we cant afford to buy land where we want - well we can but dont want a huge mortgage if that makes sense.
Hmmm Ok another question - we have a TERRIBLE garage - and if we stay DH wants a new garage - worth it or not?
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TTC 6 years IVF it is IVF/ICSI round one 10 eggs, 8 mature, 3 fertilised BFN IVF/ICSI #2 = 22 eggs! 20 mature, 15 fertilised, 1 fresh transfer and 2 frosties BFN 2 Frosties still in freezer thank god
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GuestGuest
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Posted: 05 October 2009 at 3:11pm |
I know a few people who live in Rolleston who love it there but it wouldn't be my first choice either. It just seems so far away and isolated! It wouldn't be a difficult decision for me, I would be staying where I was (no offence to anyone living in Rolleston). On the garage thing, really depends on how much it is going to eat into your savings and how much it is going to increase the value of your property. Maybe you could get some expert advice there.
Edited by LittleSal
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minik8e
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Posted: 05 October 2009 at 3:25pm |
I would stay...but that's my personal opinion because I don't like new houses and the covenants on titles about what you can build, with what and how it looks.
In your situation, I would also stay because it seems like you won't really gain much out of the move? And you sound like you prefer the house you're in now.
As for the garage issue...I don't think garages add a lot to value, but they do increase the saleability (is that a word??) of the property when you DO go to sell.
Good luck Dal!
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IVFGirl1111
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Posted: 05 October 2009 at 3:58pm |
Thanks guys your thoughts and tips etc have helped!
It was so hard because we really were on the fence about it all - but after reading everyones advice - I actually do agree that we wouldnt really be gaining anything - well apart from a new house - but then that isnt the be all and end all when we are already living in a warm enough, nice enough house.
So looks like we will stick it out for another couple of years I guess! Least now I can convince DH that I NEED the wooden blinds right lol
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TTC 6 years IVF it is IVF/ICSI round one 10 eggs, 8 mature, 3 fertilised BFN IVF/ICSI #2 = 22 eggs! 20 mature, 15 fertilised, 1 fresh transfer and 2 frosties BFN 2 Frosties still in freezer thank god
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caliandjack
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Posted: 05 October 2009 at 4:05pm |
New garages are surprisingly inexpensive, and they do make your house more attractive to potential buyers.
Is there an option to purchase vacant land now, and start paying for it before selling your current place?
What's the zoning? Is it rural or urban.
If its urban there will be covenants, and most of them mean you end up with a house that looks much like your neighbours, something that puts me off new housing - I find them unattractive.
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my2angels
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Posted: 05 October 2009 at 4:10pm |
I have been having a similar dilemma. Im in chch too and we have an older house we have been doing up. Its super close to the kids school, and right in the middle of our family and friends with lots of friends within walking distance BUT.... I want a new house!!! to buy in our area is way out of our price range so not an option for many years so do we sit back and just put up with having this house or do we sell and move out of town. I love north like ohoka, clarkville etc... but its so expensive and if we were going to move out of town then we might as well go south cos my family are in prebbleton, halswell and hubby works in hornby but I dont really like Rolleston. We built a house and sold it out there and yeah it was nice but to far out. I also worry abou the kids. we are involved in sport, hubby is on committees for cricket and rugby so we would have to come into town all the time plus when the kids get older and start wanting to come into town they would have to either bus or drive and when they get to drinking age I dont really want to be living so far away that they couldnt afford to taxi or would risk driving in 100km zones after a few drinks. I know thats a long way away and people deal with it but its still somethign to consider...... so yeah i know how hard the decision is... I change my mind on a daily basis, especially when i drive up my horrible driveway (its just a mess, stones etc... not a proper driveway) I think how much i would love a nice new pretty house!
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Babe
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Posted: 05 October 2009 at 4:20pm |
DP insisted on a garage too  not too expensive if you don't have alot of debt. Neither is a firplace for that matter - we installed our as soon as we moved into our place.
No matter what you gain out of buidling your own home, if you aren't happy in the area you choose then it so isn;t worth it in the long-run. You'll probably end up losing money in the rush to get out. PPs are right too - so much hassle building from scratch in an urban area and unless you're not asking for much, if anything, then its a hugely frustrating process!
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BaAsKa
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Posted: 05 October 2009 at 6:55pm |
my aunt is a realestate agent and we were talking about the added value of garages and decks etc because we are about to put up a new garage and a large deck and apparently they do both add a bit of value to the house.
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