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Forever wasn’t very long after all.
Key Point
- Many people want to buy a home for the rest of their lives.
- I thought I had bought a forever home, but my needs changed and I decided to sell it.
- I recommend buying a house and planning to live in it for at least 5 years, not “forever”.
When my husband and I got married, we decided to wait to buy property until we found our forever home. I didn’t want to go through the whole process over and over again.
We finally found the house we thought we would live in forever. A few years later we sold the house.and actually did it Alsowe are selling our second forever home.
This may seem illogical since we purchased these properties with the intention of staying in them for the long term, but it actually makes perfect sense.
There’s a good reason I sold my forever home
The reason I sold my permanent residency is simple. My living circumstances changed in ways I did not expect, and my experience at home was not what I expected.
My first forever home ended up having problematic neighbors – and there was no way I could have told you in advance that this was going to be a problem. Due to the liquidation, the insurance premium for flood damage has skyrocketed, and there were various problems in the house.
And once I had kids and realized how my life as a parent would change, I knew my second forever home wasn’t really a good fit. This is something no one really expected. Because I liked being near the theme park more than being near the beach.
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I could never have predicted these things until I actually lived the new reality and experienced life at home – and the basic fact is that eternity is a long time and almost impossible. Anyone to predict what their future desires will be years away.
Buying a forever home is a silly errand
Ultimately, my experience has taught me that no one can predict the direction of life. The reason you wait to buy a home or justify spending more than you need is because you want your “forever” property to be able to set you up. for heartache.
Rather than focusing on finding the perfect property that you plan to stay indefinitely, it’s a much better decision to find a place within your budget where you’ll be happy to stay for at least five years. It’s a much more manageable timeframe for , and it’s a good timeframe. Because keeping it going longer generally means that your property will appreciate enough to cover the transaction costs associated with buying a home.
By setting this more realistic goal, you can avoid delaying home ownership unnecessarily and benefit from building equity and increasing the value of your home. You can also buy a house that is too expensive without letting your emotions get the better of you.
Searching for a “good enough” home that you can live in for a while is far more likely to lead to success than searching for that elusive, eternal fortune. Be financially and mentally prepared to make that choice.
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