There I was, covered head to toe in paint splatters with sweat streaming down my face.
I was dizzy from the paint fumes in our hot, partially demolished house. As I wiped an errant paint drip from my cheek, I wondered if becoming a homeowner was worth it. The lawn maintenance. The broken A/C. The freaking taxes. As I added the final touches to our new house, it seemed overwhelming and real all at once.
After spending many sweaty, stressful days working on this house, we’ve finally made it into our home.
We were initially doubtful of our $145,000 purchase and the responsibility that went with it—and who wouldn’t be scared after signing a one-foot tall pile of paperwork? I remember asking, “Where’s the fiddle contest?” as we signed our mortgage paperwork, feeling like I signed a deal with the devil.
But after all of the hard work, I can easily say that the best money we’ve spent was on our house.
Why With All The Debt, Mrs. Picky Pincher?!
The personal finance community is torn between home ownership and renting. Some people swear up and down that home ownership is the only way to guarantee financial security, while others say that renting gives you freedom to travel and to avoid pricey home repairs.
My opinion is that everybody should do what works for them.
For us, home ownership was the right choice. Here’s why we signed up for a lot of debt!
The Numbers Made Sense
I’m not kidding you when I say we did hours of math to determine whether home ownership was for us. In the end, we found that renting an apartment and home ownership were pretty much equal in our city. Neither apartments nor houses beat each other out from the perspective of monthly costs.
As an added bonus, home ownership would enable us to build equity and net worth in the long run.
Mr. Picky Pincher and I are very much about getting back to our roots. We’ve dreamed of cultivating a food forest so we can eat quality food while saving money. We did try a patio garden in our apartment, but you can only grow so much stuff in pots!
Some people don’t want the hassle of a yard, but to us, a yard is half the fun of owning a house. We also want to own chickens (yep, we’re those people) to harvest eggs, but we’ll see what the future holds! I know we’ll reap the benefits of our (extremely expensive) purchase as we’re able to produce tasty food in our own yard.
I am a persnickety old woman trapped in a 20-something’s body. It’s hell living in an apartment if you’re an introvert who hates noise. Mr. Picky Pincher and I were those neighbors who had to keep telling people to shut up. It wasn’t very fun, and I got cussed out a few times.
But you know what?
Owning a house eliminates that problem! We do have neighbors, but there’s a big difference between having someone a house away and having someone on the other side of a very thin wall.
For me, peace and quiet was worth the extra money.
Our Home Is Ours
This is the most important thing. Mr. Picky Pincher and I have dreamed of owning a home ever since we got married. While it took us a year to finally buy one, it was worth it. We wanted a space that we could own. A space where we can grow for decades and add our personal touches.
Thanks to cutting costs and living frugally
, we were able to do $10,000 worth of renovations on our home, paid with cash. I go to sleep in my house every night and I want to pinch myself, and that’s how you know you’re living the dream.
The Bottom Line
Some people might think we’re crazy for buying a home, but it was the right choice for us. Moving forward, our home will give us the freedom to pursue our dreams while building financial stability. I’d say it’s the best money I’ve ever spent!
So Tell Us: What’s the best money you’ve ever spent? Is there something that many people dislike that you find great value in?