One of my most “controversial” opinions is that you should treat your house as a place you live, not an investment… because it’s not. That doesn’t mean you can’t buy a house if you want one, though. You just need to do these things first.
We bought a lot of things when we moved into our new house. Like… a LOT of things. Here’s everything that was definitely worth it, and that we’d buy again, and what we’d skip if we had a do-over.
Listen, planning to give up all the stuff you like, FOREVER, just to afford a house is a bad plan. You will cave eventually, and you will be miserable in the meantime. Here is how to balance your budget for both—your house and the stuff you love.
If you’re buying a home (in Canada), you’ll need to be really careful about planning for CMHC and other closing costs. I mean, you’ll have closing costs anywhere, sure, but these ones are what you need to watch out for here!
There’s a lot of pressure out there to omg-buy-a-house-ASAP… but it turns out, you can be a successful human who will retire just fine even if you never own property. Here’s a few of the ways people will convince you to buy, and how to reply if you’re just not ready yet (or ever).