Here is what is going on. Lots of pieces to this puzzle, so i’ll try not to make it too long!
We have been renting the house we are in right now for 2 years. It’s 3 bedrooms with the laundry room in one of the bedrooms, 1 bath, decent yard, 1 stall garage, in town. The past 3 months, this house has been on the market. The people we are renting from want to sell it. A couple times a month, they show the house. I personally am not comfortable being in a house that is on the market, because I don’t like the “what if’s”. What if they sell it and we have no where to go?
We’ve found another house that we would be able to move into in a month (which is when our lease is up). Its for 4 bedrooms, 2 bathrooms, 2 car garage, acreage in the country for the same price as what we are paying now. I know utilities will be a bit more, but it is still in our budget. The people we are renting from, are VERY good friends with my parents,which is why we are even able to rent the house. They want someone in before winter and we have to let them know if we want it for sure in the next week or they will find someone else. We would be renting on a year lease at a time, with the ability to stay as long as we want.
My fiance (we are getting married October 16th of this year, yay!!) is getting a new job. He is in class right now to get his CDL (truck driving). He has been offered a job that he is planning on taking, with a salary of $60k. That is almost $40k more than what we are making now! Money for renting will NOT be a problem. From only this information, I want to move into this new house!
BUT here is the catch. We have found our DREAM HOUSE. Old country farm house, 4 bedrooms, 2 bathrooms, 5 stall garage, 3.4 acres in the country, only 1 mile from his parents and a couple miles from mine. The view is amazing (over looking a hugeeee windmill farm.). I love everything about this house. It has been on the market for awhile. In fact, they took it off the market a couple weeks ago to switch realtors, and when I noticed it not online, I started bawling like a baby. Yes, I am emotionally attached to this house! We are looking into buying it possibly ($209k house, but my dad thinks we could get them down a good $20k) , but won’t know for sure for over a month at least until he is fully settled into this new job.
So what do we do? Do we stay in the house we are in now, with the fact that it COULD be sold in the next couple months and we would have to search for another house to take us, but leaving open the option that we could buy this dream home sooner rather than later. Or do we start renting the new house, getting rid of the option to be kicked out of a house that is getting sold, but putting off buying the dream home for a year and having it possibly bought by someone else (and leaving me in tears again haha) I seriously don’t know what to do!
By the way, as a wedding present, grandma is giving us $30k as a downpayment on a home if we choose.
K: totally left out important information… The inside has been completely redone. All new windows also.
New siding and roof. Taxes are $1700 a year.
We would definitely need someone to go in and look at it to see what it would need, and build up a bit more of savings (which we could definitely do if we rented for another year) to be able to fix stuff that will go broken eventually.
Ugh I know about flooding. This past week we’ve had a good 12 inches of rain in 2 days. EVERYTHING is flooded. Woke up to 2 feet of water in our basement. Roads being ruined and giving out or just basically flooded with feet of water. Hopefully the rain will stop for awhile to let everything dry out!