I’m getting closer to the point where I’m ready to buy my first piece of property. While I can’t wait to build a nice little home for a family, I’m not quite there yet. A big problem with buying a house is that I don’t know where I want to live long term. For now, renting in Connecticut is ideal for me. I love it here for now, but I am not completely committed to the area, which is fine since it’s just a rental.
When I decided to renew my lease for my apartment, I did so knowing that I’m (probably) staying put until I know what my true “next move” is. I added the probably because if I know one thing, I know life can throw unexpected curveballs, so it’s hard to know anything for sure!
With all of that said, the idea of buying a vacation home first keeps popping up to me. I know it sounds kind of nuts to buy a second home before purchasing a first home, but the more I think about it, the more I like the idea. Am I completely crazy???
My dream is to have a house on Nantucket, duh. But that is going to have to remain a (very) long term goal considering I keep losing the Powerball.
I have been considering this second home thing for the better part of the past year. The one thing I keep coming back to is buying a small house in Vermont. Ideally, it would be a home I could enjoy year round. I keep having this vision of an expansive yard with the dogs (now) and kids (later) running around all summer. And then a cozy house with a fireplace we can curl up in front of after a day of skiing in the winter.
As life continues to get more hectic, with no signs of slowing down anytime soon, the idea of having a place to escape to on the weekends sounds more and more appealing.
My search has unofficially started. I’ve basically just been poring over real estate listings just to see what’s out there, but I’m probably a year away from making a legitimate commitment. Unless I find the perfect “unicorn” house, in which case, I’ll be dropping everything to make it happen. It’s been fun just to start dreaming.
Some of the things I’ve kept in mind while looking (in case you’re curious):
– At least two bedrooms and at least two full bathrooms. A third bedroom would be a cherry on the cake. A two bedroom house would be perfect for a family, but it would be nice to have an additional room (or two), so extended family could visit too.
An attic or basement that could be converted into a bunk room is my DREAM.
– Speaking of that, the house doesn’t have to be perfect now. Because it would be a second home, I would prefer to do updates and renovations over time than do them right now, at 28, without knowing what is really needed or wanted long term. This also makes it a more affordable choice as any work being done would be the bare minimum at the beginning. (This will not be some sprawling chalet featured in design magazines, haha!)
– Year round activities and usability is my main concern with the house and why I keep coming back to Vermont. If I’m investing in a property, I want it to be something I can use a lot.
– Accessibility is probably going to end up being the biggest hurdle when finding the home. I keep looking at southern Vermont because it’s the easiest to get to from where I think I’ll end up living long term. (If you haven’t been able to tell, I keep leaning farther away from Florida.😓) I don’t want it to be more than four hours away since it’d be a hopefully frequent drive.
Once I started to take the idea more seriously, I did do a little research and apparently there are a lot of people who are making the “second home first” choice, especially in/around metropolitan cities where renting is the norm and real estate prices are astronomical. Buying a house is a HUGE decision, and there are obviously a million things I didn’t cover in the post are being considered too like property taxes, maintenance, and insurance. (That is, it’s not just a fluffy dream I’m approaching with a whimsical attitude.)
So what do you think? Have you done it? Has a friend of yours? Am I crazy?