Take me out to the ball game (and house hunting, too)
Luke and I are experiencing a series of busy weekends; two weeks ago it was visiting friends in Kentucky; tomorrow we will leave for a four-day stint up north to hang out with family and specifically to see my brother-in-law, Jason, my sister Ryan's husband, who's home from Iraq until the beginning of August. And this past Sunday, we took Kara on her first big trip downtown. It involved a company-sponsored picnic at a minor league baseball game, walk down the canal, and parking at a nearby museum because it was too damn hot to let the car seat bake in the sun.
Things are OK here. After a month-long hiatus, Luke and I began house hunting again; we viewed a couple of properties on the south side of Indy boasting more homes in our price range and a respectable commute to my work. The first house was adorable but the living room was too small, and the second? Well, all I can say is sellers, STAGE YOUR HOMES. Don't leave bags of unopened Cheetos on the kitchen counter. Don't leave a collection of your husband's boxers on the master bed for all to see. Get rid of the '70s paint on the walls, and patch up the cracks. You can even get crazy and vaccuum your cat hair! Our realtor saw potential, but all we saw was BLECH. Also, filth. Also also, a crappy back yard, but the BLECH and filth weren't helping matters any.
Speaking of the home-buying process, somebody recently e-mailed me to request more information about our experience grabbing a piece of the American Dream. (Hi, Ingrid!) Seeing as we don't have a house yet, I don't know how helpful I can be, but I'm happy to share the steps we've taken thus far.
For years, various loved ones have tried to convince Luke and me to buy a house, but we had valid reasons for taking our time--the biggest one being our uncertainty regarding how long we would stay in Indianapolis. I accepted my current job in the spring of 2005, and by the time Luke moved in that September, I decided our stay would be short term. We spent almost every weekend traveling north to visit family, we had a hard time making friends, and Luke had an even harder time finding a job. Planting roots just didn't make sense. I paid special attention to the home-buying chapter in Suze Orman's Money Book for the Young, Fabulous, and Broke but didn't plan to act on it until we moved closer to home. In fact, right before we learned I was pregnant with Kara, we had agreed to begin what we assumed would be a long and ardurous job search in the Chicagoland area because we wanted to expand our family but we didn't want to do that without having our nearest and dearest close by.
Those two pink lines put a temporary damper on moving--I wasn't keen on switching to a new insurance plan or ob/gyn practice, especially since I loved my doctors so much--so the new plan was to resume searching after I gave birth. I wasn't happy at work, anyway, and it felt like the right time for a fresh start.
But this spring, everything changed again. I returned to work and found a completely different atmosphere from the one I left, one that was better in every way possible. I adore my new supervisor as well as the financial incentives that take the form of cash bonuses every three months. And now that we are a one-income family, those incentives are more important than ever. Plus, it didn't take long to see that my earning power was much stronger here than it would be in near Chicago. There's no way we could afford our current standard of living and take on a house and still keep Luke home with our kids--something that means a lot to both of us right now. The conclusion was a no-brainer: we had to stay here.
I'm glad we've stayed in apartments for as long as we did. I'm glad we were able to get through such a tumultuous time in our lives without stressing over costly home repairs or decreased property value or whether or not we bought into a good school district. It was absolutely the right move for us, and we have no regrets.
But suddenly, the new right move meant buying a house.
Thanks to a hefty year-end bonus (how awesome is my job, I tell you? Pretty freakin' awesome), we already had enough money for a small down payment stashed in our savings account. We met with a local housing organization to see if we qualified for any special loan programs (not so much, thank you, bonuses) (I'm just kidding, bonuses, please don't leave me), and then met with a mortgage lender at our bank to talk about how much house we were willing to buy. We got the name of a realtor from one of my co-workers, interviewed her over coffee at Panera, and then we were on our way. I thought we would have something in no time and close by the end of July, just in time to wrap up our apartment lease.
Again with the not so much.
It's not that we haven't seen a ton of houses that could possibly meet our needs. Hell, we even bid on a few, but the offers never worked out, and again, I have no regrets, because looking back, we were in much too much of a hurry and made compromises we probably shouldn't have made. The first house was great, but the living room had a funky "cut-out" in the wall that I realize I hate now. The second house had a dimly lit kitchen without access to much natural light. The third met our three-bedroom requirement, but one of the kids' bedrooms would have been much smaller than the other, and while I loved the other features, I never got over that one. I think I breathed a sigh of relief when that deal fell through.
We looked some more after that, but at that point we were seeing at least three houses almost every day in an area I wasn't crazy about, and they weren't working out, either, and soon we had to admit that for now, enough was enough. Even though our interest rate was fluctuating, even though we didn't want to renew our lease, even though we just wanted to be done with this process already. We made sure Pam knew we still wanted to work with her and stayed away from all things real estate for almost a month and a half. We increased our down payment. We opened our minds to other areas, based on recommendations from friends. We signed our lease for another three months, buying us a little more time. And we agreed to trust our gut; it's OK to walk away from something simply because it doesn't feel right.
We also decided to stick with our original mortgage number, which is probably the main reason this search has taken so long.
If the only change in our finances was an increase in the rent category, it would be easy to commit to a higher monthly payment, especially when an extra twenty bucks can buy a more sophisticated home, and especially when work is going so well (I really should write an ode to quarterly bonuses). But when we consider the effect this move will have on our heating, air, and water bills, not to mention the costs associated with actually maintaining a home, it's not something we can do and still be able to sleep at night.
So, that's where we are. I think the biggest lesson we've learned is not to settle. Buying a house is a huge investment that will affect us for years to come; our world will not collapse if we have to keep resigning our lease until we find the one that's right for us.
I have also learned that as of Sunday, I'm now The Type of Person Who Owns Tacky Resident Memorabilia:
In my defense, I needed a few more shirts for this physically awkward "too big for regular clothes but too small for most maternity wear" phase. But I probably won't wear this to Friday's cut and color in Chicago.
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Over at Parents, I've been talking about family cars and soap opera names. Does life get any better than that? I think not.







