Thursday, March 17, 2011

We sold the rental and are moving foward

As I mentioned in a post several weeks ago, we had no intention of buying a home and we had a headache rental that we desperately wanted to sell.  WELL , PRAISE GOD!!!!!  We officially sold our P'cola Rental (that our previous tenant destroyed) on Feb 28, 2011.  We have seen God truly move great obstacles and open doors for us and we have moved forward to purchase a new home.
Its so crazy because this is the 7th property that I buy but I am soooo nervous/anxious (the 1st time I have ever felt like this when buying a house).  I just keep asking God to CLOSE the doors if its not His will.  I don't know if its age.  I think when you are younger you don't really realize the responsibility and all the things that could go wrong with a house.  There are so many things to consider now.  I used to buy a property and not even think about the future.  I didn't think about what the resale value might be at a later time. I just knew I liked the house and the market was so good that it would only be worth more later. We have always bought the smallest house in great neighborhoods.    Primarily because i would fall in love with the neighborhood and then attempt to find the best house I could find in our budget  (which was always the smallest).   
so now i have all of these thoughts running through my mind:
...this is a great time to buy houses  but is the market going to keep going down? 
....  are we buying a house only to end up having another house that is worth less than we paid for it in a few years (like my beloved home in FL-  p.s  I love that house and neighborhood  even though its worth 150K less than we paid- I still have no regrets and I lOVE IT-wish i could sell it but i do love it)
.....for the 1st time we settled on an average neighborhood so we could have a bigger home.  was this a good idea or should we have followed our M.O.
.... what happens if for some reason our Florida Home is void of a renter at some point , which we all know will one day happen, it inevitable (we have no mortgage there but the ren t income will pay for our new home)
....What if God moves us again and we can't sell?


OHHHHHHH, so many insecurities. 
 WE (the coach and I) have prayed dligently and have earnestly asked the Lord to not allow this to happen if its not mean to be and up until now He just keeps opening doors.  While I love that house there is such peace that comes with not having that mortgage.  For now we will continue purchase this home unless God leads us in another direction.  We are set to close on April 20th.  
for the 1st time i won't be able to go in and buy all new furniture and change/add anything i want.  We have made a commitment to stay debt free (minus the mortgage and 1 car)  so all purchases will be made in cash.  We will have to prioritize and save for everything that my heart desires.  We have committed to saving 3 months worth of  mortgage payments and we will be trying to pay the car off so I suspect that it will be several months before any purchases or changes can take place.

So on to the house.  While I love the space in the house and the double oven and the gas range, upstairs laundry room, desk in the kitchen (i have alsways wanted that) and the big bonus room I don't like how vanilla the house it.  it has no molding and more carpet than I would like. 
gas range

kitchen work space

see the double ovens

bonus room

This is my list (and it will all take time- lots of it)
1.  paint (we need to get rid of the builder white)
2.  blinds, window treatments (every window in the house is bare- we will start off with home depot paper "blinds"

3.  crown molding on the 1st floor, wainscotting in the dining room
view into the dining room

4.  living room furniture

this is the sofa that I want


5.  new dining room furniture (dont' know what i want or what style i want)
6.  new kitchen table
7.  furnish and decorate the bonus room (will probably go with an modern ikea look)
8.  stain the deck and front porch (need to do this asap)
9.  continue the hardwood floors into the family room and living room (right now its only in the entryway, dining room, family room walkway and kitchen)
10.  change carpet on the stairs to wood

The house is brand new so this is all icing on the cake.. Its just what i want to do to make it more to my taste but all in its proper timing.  

I will keep you posted on the journey and the progress.

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