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re: What factors make a house a "Starter home?"
Posted on 6/15/15 at 11:16 am to LNCHBOX
Posted on 6/15/15 at 11:16 am to LNCHBOX
quote:
is what I would call a starter home. 847 sq ft,
this is kinda awesome
I wish we would have bought smaller on our first house (2400 sq ft), but we got the house fever and fell in love with the house and once that happens, its hard to turn away
but its certainly big enough that if we stay where we are, we definitely will not ever have to move and could potentially have the house paid off by our early 40s, which would be amazing
1
Posted on 6/15/15 at 11:16 am to chickman1313
Y'all laugh, but I'm in 3400 and would go to 847 in a heartbeat.
Posted on 6/15/15 at 11:19 am to Salmon
quote:
this is kinda awesome
If we didn't have 350 sq ft of deck and an additional 200 sq ft of covered patio attached to the shed, I may not agree. But since we do have all that, it's doable.
Posted on 6/15/15 at 11:21 am to LNCHBOX
quote:
We won't be going crazy with it. Under 2000 sq ft. Even though I grew up in much larger homes, living in this house has helped me realize what I really need space wise to be happy.
Good decision, imo. We built big for our kids. As it turned out, they couldn't care less.
Posted on 6/15/15 at 11:24 am to Sev09
quote:
What factors make a house a "Starter home?" by Sev09
It's your first home and you know that you have intentions of moving up at some point in the future (as you improve financially/professionally and your family grows).
Posted on 6/15/15 at 11:24 am to Sev09
quote:
Are there specific traits that cause you to label a house as such?
The home expectations of those in the past compared to people today.
Posted on 6/15/15 at 11:32 am to Sev09
I miss living in my starter home. It is 1650 sg/ft. I replaced the ac and roof so I kept it and rented it out for an insane price! I would move back there in a heartbeat. I write off anything that I do in either house.
Find one in a good neighborhood for a cheap price. Be patient.
Find one in a good neighborhood for a cheap price. Be patient.
Posted on 6/15/15 at 11:34 am to High C
quote:
Y'all laugh, but I'm in 3400 and would go to 847 in a heartbeat.
I'm single and in 3100 and really, really wish I'd bought at about 2000. Furnishing the motherfricker is breaking me and I'm in awe at the fact that I still have to clean the places I never use (like the entire basement).
Posted on 6/15/15 at 11:44 am to Flashback
quote:
I miss living in my starter home. It is 1650 sg/ft. I replaced the ac and roof so I kept it and rented it out for an insane price! I would move back there in a heartbeat. I write off anything that I do in either house.
Find one in a good neighborhood for a cheap price. Be patient.
This is my plan. Unless I get a crazy offer from a buyer
Posted on 6/15/15 at 11:45 am to Navytiger74
quote:
I'm single and in 3100
What on earth do you do with all that space?
Posted on 6/15/15 at 11:54 am to High C
quote:
Usually size and whether or not you plan to stay there.
In college, took a metal office trailer frame and built an 800 sq ft house on it.
Paid for it in my third year.
Two more years in it and I get to build whatever I want.
Never meant to be permanent, but will make an awesome camp when done.
No rent, no mortgage. Why not?
Posted on 6/15/15 at 12:01 pm to Sparkplug#1
quote:and it usually implies it will be the cheapest house you buy.
The first one you buy.
Posted on 6/15/15 at 12:01 pm to LNCHBOX
quote:
What on earth do you do with all that space?
I live between my office, the kitchen, and my bedroom. The rest just collects cobwebs (literally in places).
Posted on 6/15/15 at 12:03 pm to Sev09
Posted on 6/15/15 at 12:04 pm to High C
quote:
Y'all laugh, but I'm in 3400 and would go to 847 in a heartbeat.
not laughing, in the process of going to about 1200
Posted on 6/15/15 at 12:05 pm to Sev09
If your first home is a 3/2 less than 1700 sq feet with the intention of moving once your family and income grows......it's a starter home.
If your first home is 4/5 bedroom with 3000+ sq feet......it is not a starter home.
If your first home is 4/5 bedroom with 3000+ sq feet......it is not a starter home.
Posted on 6/15/15 at 12:09 pm to High C
quote:
Y'all laugh, but I'm in 3400 and would go to 847 in a heartbeat.
I went from that to about 1200. I would go months without seeing the upstairs.
Starter home to me is something you can easily afford as an investment,and plan on putting any profit from it into your next home.
This post was edited on 6/15/15 at 12:11 pm
Posted on 6/15/15 at 12:09 pm to High C
quote:
Y'all laugh, but I'm in 3400 and would go to 847 in a heartbea
Lived by myself in the house I grew up in for the first two years of college. A little over 3k feet with a pool and two large enclosed outdoor areas.
NEVER AGAIN.
People don't realize the hell that is unless you had a permanent cleaning service.
Homey trumps grand.
Posted on 6/15/15 at 12:12 pm to Sev09
Starter house is a house that you usually grow out of quickly. You just started your career and bought what you could afford. But then you get married, have kids, etc. and it starts to get small. And you probably have had a good bit of salary increase in that time as well, so you are paying well below what you can afford. At that time, you realize why it's a starter home. You may know going in, but you definitely know going out. I was perfectly fine with my first house when I bought it, but was ready to upgrade after a few years. Made enough of the sale to cover my interest paid as well, so there's that
Posted on 6/15/15 at 12:13 pm to TrueTiger
quote:
not laughing, in the process of going to about 1200
My plans are similar. My youngest is 16, and as soon as he finishes HS I plan on putting this bitch up for sale and downsizing considerably. I have enough equity that I should be able to sell my current home and build the new one without need for a mortgage. The whole tiny home movement is very interesting to me.
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