Starter or Permanent

RedHead Posted: Jan 13, 2005 07:31 PM

Starter or Permanent

I am just curious..

To all the home owners (not condo or co-op's), when you bought your house, did you think:

A. This is just a starter...we will be movin on up!

or

B. This is the house i will die in...The one, the only

MrsERod Posted: Jan 13, 2005 07:33 PM

Re: Starter or Permanent

We haven't bought yet...but we are definitely the A thinkers...we can always move up and go bigger and better later on...

btrflygrl Posted: Jan 13, 2005 07:35 PM

Re: Starter or Permanent

definitely A.....we'll get what we can and then either move or build up on what we have!

dm24angel Posted: Jan 13, 2005 07:38 PM

Re: Starter or Permanent

I'm not a homeowner yet as you know but we are thinking when we do look, we will look for a start up of sorts. Something we can build onto...but we have the luck of having a contractor in the family. We DO NOT want something we have to 'fix-up' , just something smaller that we can add onto if need be. The value always ends up being ( in cases I have seen) a nice sized profit and that would give us the ability to move to larger is need be, or keep as investement.

For example- my BM bought a small one bedroom in PERFECT condition for about $225,000. Her husband is the contractor, and he and some hired help are making the house as large as permits allow for a total of only about $100,000 or a little more. My sister is an apprasier who says based on the blueprints alone( actual apprasiels are usually better) they would be looking at a $450,000 house at this point...less then a year from purchase ...thats a $125,000 profit in a YEAR.

Sorry so long...

janwinterbridejoy Posted: Jan 13, 2005 07:52 PM

Re: Starter or Permanent

we bought a starter

nov2004bride Posted: Jan 13, 2005 08:00 PM

Re: Starter or Permanent

We started out looking for a starter but then we realized what a little more money can get you and we went for it.

julz33 Posted: Jan 13, 2005 08:12 PM

Re: Starter or Permanent

Our house can be either. There is a lot of room for expansion, so when the time comes that we need more room we can either move or add on I like having my options open! I really like it here, but then again if we are really rich someday I would love to have a waterfront home... so you never know.

littlecat Posted: Jan 13, 2005 08:16 PM

Re: Starter or Permanent

B - The original house that we were going to buy was more of a starter (to us) but after the deal fell through we bought a house a little further east and spent a little more. We got a house that i wouldn't need to move out of.

swags1016 Posted: Jan 13, 2005 08:22 PM

Re: Starter or Permanent

For B-We will not out grow this house. If we move out, it is only because we move out of state or something. We have no reason to leave.

LisaT Posted: Jan 13, 2005 08:35 PM

Re: Starter or Permanent

I'm going to go with 'C' - none of the above. We didn't buy a starter house, but I don't think we'll die in this one either.

Our house is plenty big to grow into and not out of, but I don't think its the perfect house forever.

lilmrs Posted: Jan 13, 2005 11:10 PM

Re: Starter or Permanent

B- Well its going to be after we finish doing everything we want to it.

soon2bMrs Posted: Jan 14, 2005 05:30 AM

Re: Starter or Permanent

We will begin with a starter home. The areas we are looking in we definitely can't afford our dream house as of yet.

Valentinegirl Posted: Jan 14, 2005 07:50 AM

Re: Starter or Permanent

Posted by julz33

Our house can be either. There is a lot of room for expansion, so when the time comes that we need more room we can either move or add on I like having my options open! I really like it here, but then again if we are really rich someday I would love to have a waterfront home... so you never know.

Same here.

kpny622 Posted: Jan 14, 2005 08:15 AM

Re: Starter or Permanent

Posted by Valentinegirl

Posted by julz33

Our house can be either. There is a lot of room for expansion, so when the time comes that we need more room we can either move or add on I like having my options open! I really like it here, but then again if we are really rich someday I would love to have a waterfront home... so you never know.

Same here.

Ditto. We bought a house we could either expand on and live in forever, OR we may potentially move to a bigger house if prices and circumstances allow it. We were looking for a house like that - we didn't want to buy a smaller starter with the intention of definitely having to move.

NPbride Posted: Jan 14, 2005 08:24 AM

Re: Starter or Permanent

Posted by soon2bMrs

We will begin with a starter home. The areas we are looking in we definitely can't afford our dream house as of yet.

Same here

TwoBugs Posted: Jan 14, 2005 11:38 AM

Re: Starter or Permanent

We bought a starter. Not necessarily because we can't afford a nice permanent house, but because we don't plan to live in this area for long. So it's really more of a 'transition home', I guess.

Bride626 Posted: Jan 14, 2005 11:56 AM

Re: Starter or Permanent

We bought a permanent house. 5 BRs so lots of room to grow with a nice amount of land, at least by Essex County standards. If I ever stop working in NYC, we might move to western Jersey for more land.

We were able to forego the starter and make a big down payment because my husband is in finance and got a huge bonus this year. Otherwise, we probably would have gotten something smaller.

charon54 Posted: Jan 14, 2005 12:48 PM

Re: Starter or Permanent

Defintely a starter, our plan is to move in 5 years, but keep this house and rent it out.

JimmysBride Posted: Jan 14, 2005 01:50 PM

Re: Starter or Permanent

We are somewhere in between. I can definitely see myself staying in our house for many many years... there's alot of room change, expansion, growth, etc. But at the same time, I've always wanted a new construction home and we've considered moving to florida b/c the type of house you can get there for the same money blows LI real estate out of the water!

So we could choose either...

Kelly9904 Posted: Jan 14, 2005 01:57 PM

Re: Starter or Permanent

We consider ours a starter however its not because of lack of space! When we were looking I thought to myself, if need be could I live here forever! My parents bought their 'starter' home in 1968. It was a 3 bedroom 2 bath cape, with little storage. Their plan was to move in 5-10 years. Well 3 years later they had my 2nd brother who had a lot of illnesses until he was about 10 years old! The medical bills were more important than buying a new house so my dad still lives there!
So I didnt want to be in a position that limited me! So we bought a 3 bedroom 2bath ranch with a nice peice of property! However we hope to one day get more of a colonial with a second garage and more property possibly in a different area. We will see!