There are an astronomical number of ‘Buying Your First Home’ articles and fact sheets on the internet. They bubble over with information on mortgage brokers, stamp duty and government grants, but all of them fail to mention the abject terror that accompanies the whole concept.
Or maybe it’s just me.
Send me out to buy a car and I’m on fire. I’ll set my budget, throw down a list of features I need, research my butt off until I find a make and model that suits me, then go out and buy the damn thing.
This house thing is a whole new kettle of chickens. You can’t narrow houses into make and model. They’re all fricken different. Every single goddamn one. It’s an horrific decision making process, made even more unnerving by the $300,000 that’s riding on it…..or maybe $280,000, or even $315,000 – who the hell knows? The price you pay is entirely dependent on your negotiating skills and your knowledge of the local property market.
Then I start to wonder whether I should build new instead of buying established, in order to take advantage of the $20,000 government bonus and save on stamp duty. Or maybe I should buy a house and land package. Or maybe just buy land, and sit on it while it appreciates in value. Then I glance around my perfect little unit with the ducted heating and light filled living space and decide I don’t want to go anywhere, what the hell am I thinking?
I don’t know how people do this. I’m about to have a mind haemorrhage.
On a positive note, my spending habits have improved markedly over the last two months:
Yep, I’ve tripled my savings and halved my grog expenditure* – I shall be conducting nationwide seminars over the next six months sharing my secrets! You too can go from disco-loving booze-whore into homebound no-life spinster in no time at all!
I really wish I was as comfortable with property investment as I am with budgeting spreadsheets.
*Mostly because Drummer Boy turned out….er, like the rest of them. More on that next time folks.