What was the first house you purchased?
I will be looking to purchase in the next couple of months. The current housing market has me confused as to which way to go.
Which would make the most financial sense?
Do I purchase a new home, with the plan to sell it in 5-8 years?
Do I purchase a pre-owned home, with the plan to sell in 5-8 years?
Do I purchase land (1-2 acres) and put a small barndominium on it, in the location of where I would want the shop, and then build a house in 5-8 years? This would likely max out my budget.
My end goal is to have a couple acres to live on and not have to deal with HOA, and have a shop for ranger, boat and projects.
On the other hand do I sit tight and hope for the housing market to cool off? House prices are absolutely insane right now, and raw land prices are not far off.
-Stephen
I will be looking to purchase in the next couple of months. The current housing market has me confused as to which way to go.
Which would make the most financial sense?
Do I purchase a new home, with the plan to sell it in 5-8 years?
Do I purchase a pre-owned home, with the plan to sell in 5-8 years?
Do I purchase land (1-2 acres) and put a small barndominium on it, in the location of where I would want the shop, and then build a house in 5-8 years? This would likely max out my budget.
My end goal is to have a couple acres to live on and not have to deal with HOA, and have a shop for ranger, boat and projects.
On the other hand do I sit tight and hope for the housing market to cool off? House prices are absolutely insane right now, and raw land prices are not far off.
-Stephen
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