[3_for_me]

Compared to building one that just suited your needs?


I am looking at building a home on my property, probably next year once I am working full time. I have found quite a few houses that suit my requirements and really would be just fine for what i am after, however tonight I found a house I LOVED! I desperately want this house but have this horrible feeling it's going to end up being more than I want to spend even though it isn't really any bigger. So if it was the difference between a house being suitable and it being one you just loved would you spend more to get it? I am planning on staying in this house for a very long time.


They don't have any pricing, inclusions, etc listed on their site so I am waiting on a return email with further info.

[JRA]

Tough question.

We just went through a renovation. We spent more than we "needed" to spend. We got to the mentality that was the house is forever, it will be our sons house in 30 years time, and well, if we are going to spend X, X+ makes more sense to give it to us properly.

[MARsmum]

I wouldn't question the extra money as long as it doesn't put you in financial distress to the point where you are no longer able to pay for your dream home! What may seem like a lot now will probably not in a few years time. When we bought our house 6 years ago it seemed like A LOT of money to us at the time ... although now our friends laugh at how much we paid as the property prices in our area have sky rocketed and there is no way you could pay what we did for a house in this area!

[Just Another Cat]

In your situation where you're planning to stay for a long time I would want to build the house I loved, as long as I could afford it of course.

This post has been edited by VioletSwallow: 09/08/2012, 10:44 PM

[becs34]

We are about to build, and I am certainly going along the lines of building what I love. I figure that we are going to be there for years to come and this will be the home our kids grow up in, so I want it to be right - if you know what I mean...! I have changed the plans once already and will have more changes again next week (who makes a 4 bedroom house have a tiny 4th bedroom when there are 3 kids who will have a bedroom each...? argh), but I will continue to review until I am happy! I figure we are paying for it so it should be right!!

Go for your dreams - you deserve it!!!!!

[jessie123]

It would really depend on the costs and how it would impact financially.

I would probably work out how much extra it would cost me both to build and as mortgage repayments and think about what I could really afford.

If financially it is not stressful then why not?

[casime]

If you're building, definitely make sure you get what you want, if you plan on making it your long term house. If you end up cutting things to save a few dollars then you'll be angry at yourself and wanting to move again to get what you should have wanted in the first place.

[lozoodle]

I have spent almost 200k so far and probably another 60k to go. diffrrence is even after that, and the price we paid for the house, its still worth more so its all relative. its been a long road but im happy with the decision as we live in the area we wanted and the house is really taking shape now.

Edited to add - we took the renovation route as rebuilding was going to cost way more than the house would ever be worth.

This post has been edited by lozoodle: 10/08/2012, 07:35 AM

[zogee]

It depends where you live I guess. We built in an area we like but on a busy road, so we may not want to stay for the long term. But the location is great in other ways, eg: close to the shops and CBD etc. I would just be wary of overcapitalising if you think you might sell within 5-10 yrs.

[Unatheowl]

We plan to build in the future. Haven't found the block of land yet but have begun designing the house. W have an architect who is helping us with the plans at the moment (free until we decide to build) as a personal interest project. It will be a dream home. I had imagined it would come in at a certain figure but the architect has already told me that it will be more than double .

I say if it's your forever home, spend what you can to make it exactly what you want.