Sorry about my lack of post yesterday, I had nothing prepared and got home around 8:00pm just feeling worn out. I ended up crashing into bed at 9:00pm! I know the cat has been waking me up this week, but I am still not sure if that is the reason. I guess sometimes you just get tired and need to climb into bed a little early :)
Anyway, so I was thinking today about my bathroom update (no, I still haven't bought the vanity top- been a busy week!). I don't really have a budget for it, but I am well aware of the choices I am making and I have been scaling it back more and more to save money. I think at some point it occurred to me that this condo is not my forever home. Therefore I am making some upgrades in order to compete with the newer-build condos around me, but I am not going above and beyond to transform the space into what I would love most (like new tiles in the bathroom). I spend a lot of time weighing resale value when making decisions.
I have just been wondering when I will know I am in my forever house! Is it when you are married? When you have kids? What if you accidentally pop out quintuplets? Then you may have to move for more space (and sanity). I just wonder if it ever gets to a point where you would be willing do an upgrade for YOU and not think about resale value. I'm not talking about tiling an entire bathroom in hot pink, but just replacing perfectly good things with something you'd like "more". Is that a bad financial decision?
I spend a lot of time selection items for my place that I love and so I am not saying I haven't made this condo a home, but I could pack up everything and the only imprint I have made on this place are a few shelves, painted walls, and a hopefully soon a new bathroom vanity and balcony floor. Sometimes I get a little sad to think of someone moving in here and how the place will quickly switch over to someone else's home. Maybe that is just a reality when you buy a newer home and therefore don't need to invest in upgrades? Some financial experts say you should invest 1% of your home's value into upgrades each year but I can't think of what I would spend all that money on!
I wonder if I will go for a bit of a fixer-upper next time, or buy a newish build again (I'm the second owner and it was only a year or so old when I moved in so it was basically a new build).
HEY- I just realized that my condo turns 5 years old this month! Happy Birthday condo!
I have loved living here, but I do think about my next place sometimes. I have no idea where that place would be, but it would probably be a house and therefore out of the city. I am also not handy so I doubt I would buy a "handyman's dream". I guess time (and budget) will tell!
Are you in your forever home? How did you know?
FYI- My dream home would look like this:
Unfortunately, I have never seen this style around here, plus I am 99.9999% sure I could never afford it if it did. Sigh, a girl can dream :)