I have been checking out real estate in the capital city lately because this is actually a good time to purchase property with the soft market due to the weak economy and the interest rate for home loan is at a low point right now. But at this point, even with the cheaper property prices, I realize that I could only afford either a low cost house or a small apartment unit.
My parents' home, although old, is very spacious and I have a large bedroom to myself. Living in a small apartment would take some adjustment. I don't mind so much but if I were to share it with one or two people, it would feel quite suffocating. After all, the size that I could afford right now is only five times the size of my bedroom!
I also realize that if I were to set up a house, I would not be able to save money by taking some furniture at home along. They certainly wouldn't fit. I would need to get some furniture custom made and since these would not be standard size, I would also need custom made sheets and even custom made Decorative Throw Pillows.
Of course I could take out a larger home loan to be able to afford a larger home but I am not keen to be in a long term debt. Sigh, at this rate, it will take me another five to ten years of savings before I could consider buying a larger home.
My parents' home, although old, is very spacious and I have a large bedroom to myself. Living in a small apartment would take some adjustment. I don't mind so much but if I were to share it with one or two people, it would feel quite suffocating. After all, the size that I could afford right now is only five times the size of my bedroom!
I also realize that if I were to set up a house, I would not be able to save money by taking some furniture at home along. They certainly wouldn't fit. I would need to get some furniture custom made and since these would not be standard size, I would also need custom made sheets and even custom made Decorative Throw Pillows.
Of course I could take out a larger home loan to be able to afford a larger home but I am not keen to be in a long term debt. Sigh, at this rate, it will take me another five to ten years of savings before I could consider buying a larger home.
*** This post brought to you by Custom Cushions
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