This is going to be a relatively short entry.
Today is the 1 year anniversary of the day I landed the deal to buy my townhouse. So in the last week, I’ve been looking around at house prices for the fun of it. To the house pricing in my home town, all I can say is, WOW!
Last year, I looked around my home town area for a couple of months. I almost bought one place, before pulling out of the deal after the inspection revealed several major, likely expensive problems. There were a number of other places that I could afford, but there was just one too many things I didn’t like about them. Some needed a bit too much fixing. Some were just a bit too small. I was hoping to be able to rent out a room, but many of them only had one dedicated parking spot, and my most likely roommate also owned a car. But I could still easily afford a place that was big enough if I decided to put up with some of their flaws.
Now, not so much. Based on what I had last year, I’ve been completely priced out of the market in my home town. I wouldn’t even be able to afford a 434 square foot condo in the downtown area. That’s not much more than half of one floor of the place I ended up with, and I’ve got 3 floors if you count the basement. Those are pretty much Downtown Toronto prices. And as crazy as that sounds, they’re still selling. The only places I could afford are major fixer-uppers, or in locations that would put me even further from my current job than where I lived before.
As for the town I live in, there aren’t any places for sale that compare to mine, but there are some decent places I could have afforded if I spent an extra year saving money. That goes both for in town, and in a smaller town about 20 minutes away. In fact there are several fairly nice places in that town I could have afforded. I doubt I would have bought them, as it would mean I’d live over an hour away from all my closest friends. Even with all that said, I’m glad I bought my place when I did. I like the place I ended up with, even if there are definitely things I plan on upgrading as time goes on.
I don’t have too many updates on the upgrades I’ve made since my last post. Although, I did replace a ceiling fan with a light fixture that I found at a furniture focused thrift store. The ceiling fan never worked to begin with, and considering I’m planning on adding central air conditioning this spring, I won’t need it anyway. The fixture fits better with the wall colour than the fan did anyway. But the best part is, I found it at the thrift store for $20, and it looked brand new. This past Thursday, I found the same fixture at Home Depot for $163. I think I did ok.
Since my last post, I’ve had several groups of friends over who hadn’t seen my place yet, although with a lot of bad weather last month, I haven’t been able to see my friends from back home nearly as much as I would have liked.
Anyway, the next post will likely be on the 1-year anniversary of the day I moved in. I’ll make sure to include some before/after pictures for that post. It might be the last blog post I write about my adventures in home ownership, but there’s a chance I’ll think of other things worth posting about in the future. We’ll see.