Friday, 14 August 2015

10 Reasons you know you are a new homeowner

So I know we are two-thirds of the way through a series on preaching, but I wanted to do something a little different before we finish that off. Recently, Jess and I became homeowners. We are pretty stoked about it. But like any significant change in life, it comes with its own quirks and oddities.

Here is a list of 10 reasons you know you are a new homeowner:

1) You relearn the value of patience. That mortgage isn't going anywhere soon.

2) All of a sudden, things like kicking a soccer ball inside seem like a silly idea. Disclaimer to other people's houses that we have rented over the past: it was a silly idea then too.

3) You don't feel guilty putting a nail in the wall. You can put what you want wherever you want without the wrath of a landlord in the back of your mind.

4) You start wondering what projects you can undertake around the home. It doesn't matter whether you actually have any skills to be able to do it or not

5) You wonder whether you'll be able to go on holiday ever again. The bank assures us we will have financial freedom again in another 30 years.

6) Insurance is important. Only having car insurance just doesn't cut it anymore.

7) You're keen to have people come over and check out your house, except it means you have to see people. Hey, it's my personal space. Well we actually co-own it with the bank. Ok, ok, the bank mostly owns it.

8) Covering the cost of the fortnightly repayments seems reasonable enough. Until you start getting the bills for the 'hidden' costs: insurance, rates, lawyers, plumbers.

9) You're still pinching yourself about getting through the long and arduous journey of buying a house. Looking for a good house, negotiating a price, mortgage brokers, Lim reports, banks, lawyers, Kiwisaver, unforeseen circumstances and complications, etc.

10) You lie awake at night running through different scenarios to make sure you can cover the cost of the mortgage. What if I lose my job? What if my wife stops working? Heaven forbid, what if my wife gets pregnant?!

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