I'm at a stand still and don't know what to do. My husband and I are looking into buying our own home. We have been through everything and finally found the house we want, now he says he doesn't know if he wants to be stuck somewhere. I'm in two minds. I really want to have a place of our own, yet I don't want to pressure him into buying either. We are also trying to conceive and I'm worried if we buy then I fall pregnant it will put him under pressure. When I asked him what he wanted to do he said "whatever", " go ahead and see whether we get it", this doesn't help because I don't want to go through with it when he isn't 100% keen. What should we do??? I know no one can answer that but us, but when I said I didn't want to pressure him into doing it if he wasn't sure I get "whatever you want" . I am thirty and don't own my own home, is there others out there that are happy to just rent??? I don't really know what I am asking, just want to be reassured that it's ok not to buy I suppose???
4 Replies
Honestly I'd just wait. It's probably just cold feet with hubby, but better to wait and him to get ready than rush something he isn't invested in.
I quite like renting, and I don't have to worry financially if something breaks and don't have to budget in for home repairs etc. Plus if your financial situation changes it is much easier to move. Owning is definitely the better long term investment but it's not the be all and end all owning a house.
Thank you for your thoughts. Hubby is now totally opposed to buying. Which I am fine with. A lot of stress and worry for nothing though. At least we can still go on our overseas holiday now. Looks like I'll be searching for a rental in the next couple of weeks?
If you can buy a home do it just be certain of affordability that no matter what happens you can afford the repayments. And don't over capitalise.
Good luck
The truth is if you buy well it doesn't tie you down. It's security it is yours and every dollar spent is a dollar invested.
If you do need to move you can always rent it out and rent where you need to.
But it becomes an asset. Just be aware of how you are investing don't buy just because it looks pretty you have the rest of your life to buy your dream home. Just make sure this is one you can live in which is structurally sound, not over priced, and has rental potential.
Try to avoid compulsory mortgage insurance it is ridiculously overpriced and almost every other form of insurance life/income etc is better value. So have your 20%
As far as repairs goes there is home insurance, there are now also products available which are the equivalent of roadside assistence for your house.
I think at the end of the day, the main reason we bought is firstly so that we'll have something to leave our kids (weather we sell when we're older to downsize or whatever, I plan on at least helping them out) & secondly - how does anyone afford to rent when they are not earning an income (aged pensioners)? At least we know that we will have our place to call home & won't need to worry about taking out a ridiculously high amount of rent from our pensions