I’ve written a few post lately about things that I’m not too fond of when it comes to being a homeowner. Writing about the realities of home renovations and surprise repairs can be a little pessimistic though I like sharing my experiences so that others can do better and gain some knowledge from what I have gone through. But today I want to share the things that I love about having my own home. 🙂
Ah, this one is really the main reason we bought our home in the first place. We had been renting a one bedroom apartment and we were frankly running out of space. There was nowhere to escape for alone time. We were either in the living room or the bedroom. We also wanted a second bathroom. I was sure I didn’t want a huge home. I’ve always been a fan of smaller homes because they require less cleaning time and lower heating/cooling costs. Another item on our list was having a finished basement where we could setup a lounging area or home theater as we enjoy watching movies. Our home is a ranch style with 800 sq. ft in the first floor and 800 sq. ft in the finished basement with a bathroom in each floor. There’s actually a kitchen in the basement but we don’t use it. It’s like having two one bedroom apartments for the price of one. We each get our own space. My husband gets to escape to the man cave and home theater he always wanted. I get the first floor and everyone is happy.
Our own laundry room
One of the things I really hated about apartment living was having to share the laundry facilities. We would never be able to do laundry on the weekends because everyone was doing laundry then. I always did it on weeknights. Then we had to deal with people not remembering to get their clothes out of the machines in time. So, their they were hogging up the machines. Ugh, It was so annoying! I always thought it was rude to take people’s clothes out of the washer or dryer. My husband on the other hand did not hesitate and he would take it right out and dump it on top of the machine or if they left a basket he would put it in there. I guess it’s fair to do that especially when we were all sharing facilities and honestly nobody has time for that nonsense. Now I do laundry whenever I want. I don’t have to be aggravated by anyone forgetting to pick up their laundry and hogging up my machines and my time.
Peace and Quiet
We were lucky to live on the top floor in our old apartment so we never really had much noise from upstairs but we would sometimes hear our neighbor’s music downstairs or outside in the parking lot. Now, I enjoy music and I usually have my Pandora playing in the background but I don’t like disturbing others or to be disturbed myself. When you share walls that is difficult to avoid. One time in my old apartment we were woken up by loud hammering at 8:00 am on a Saturday morning. It was my new neighbor installing curtains. Ugh, how rude! Really lady, you couldn’t do that later in the day? Well, she later apologized and told us she was sorry that it was the only time her friend was available to help her. She didn’t cause much disturbance after that but it was enough.
We now have our own garages and don’t have to worry about digging out the cars after a big snow storm. In my old apartment building parking could be difficult sometimes if you got home too late at night especially on weekends. I remember living in another apartment where we had street parking and that was a nightmare. I vowed never to put up with that again.
Freedom to Renovate
I enjoyed renovating our home to our taste. One of the things I didn’t like about are old apartment was the carpets. They always seem dirty to me. I feel like you can never really get them as clean and you can get hardwood or tile floors. Plus they create a lot of dust in my opinion. In our home we installed hardwood floors and tile. We knocked down walls and added new ones. We painted as we wished.
Building Home Equity
Let’s talk about the financial perks. After purchasing this home we ended up having $93k in equity. That was really great. What helped us here was that we put a 20% down payment and we bought at the bottom of the market. To make things easier we also bought a home we could afford on one income and we had additional funds saved to make the renovations we wanted, though they were not enough but it was helpful. Since we have made so many upgrades to this home, we probably still have that same amount of equity or close to it. We don’t plan on selling any time soon. That equity will continue to grow as we pay down our mortgage and hopefully be much higher by the time we are ready to sell.
We didn’t have many tax deductions when we where renting. Now we can take advantage of tax benefits such as deductions on our mortgage interest and property taxes. If you have a home equity loan you can deduct the interest paid on that too.
What are some of the perks you love about homeownership?
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