That was good advice for a conventional house buy. Could be you are one of those people who need to look outside the box? Like the guy on thesurvivalistblog who lives in a travel trailer on a paid for lot? That is 'out of the box' thinking.
Are you the sort of person who could do it themselves or do you really need to buy a ready to go place?
A lot depends on where you are, who you are, the climate, the laws and culture. Can you afford to buy just the land (a building lot or maybe acreage)? Can you put up a pole barn and park your travel trailer in there while you build a house.
Will a real 'fixer-upper' work for you? Can you live in and fix a place at the same time? Can you do it paycheck to paycheck and with scrounged materials? There is a whole world of shelter ideas and thoughts (and advice type help) out there if you are able to go 'out of the box' in your search for shelter.
We bought out first place on a land contract out of the back of a magazine. After several years we paid the land off and everything we did to the place was ours.
There are risks but it can be done.
TOR here: Interesting question. As for unconventional housing I think generally speaking we (if you don't include your spouse in the decisions your asking to become single, sorry but its true) are pretty open minded. For a time we lived in in RV both on a relatives land and in a trailer park. Glad we did it but also glad it is over. Can't say we would never do it again but it would not be our first choice.
I have gone over most of the outside the box options in the past and there are some possible options.
Could we do it ourselves? The short answer is YES! We do have the rather unique situation that at least for the foreseeable future we will be moving every 3 years or so. This means it is not worthwhile to do the sweat equity thing that will create a cheap long term place to live unless we could get out money back out of it. Factoring in what our time is worth lots of the conventional outside the box housing ideas do not make sense in this context. Mobile homes don't move real well and finding land that you can purchase which is hook up ready is fairly rare, certainly not something you would want to try and find every 3 years.
I could build a pole barn (be on the phone to my Uncle every few days but that is OK) but again putting improvements into land just to sell it and gamble we will get the $$$ back isn't something I'm going to do.
Of all the ideas you have mentioned getting a real fix er upper is very realistic for us. As long as a home is structurally sound I can do just about everything. The idea of living in a home for a few years during which we do a lot of repairs and increase the value is realistic. Since we are going to move anyway it would fit into our plans pretty well. I think depending on the overall situation (how much we pay for the place, what needs to be done, the market, etc) doing repairs/ improvements as cash comes is would be doable. As for scrounged materials they can work but as I have seen at friends places the end result is a scrounged mis matched place which can hurt value on resale.
Buying land, paying it off and then building (and or fixing up) down the road is a real possibility. It will depend a lot on when we finally settle, our financial situation at the time and what is available. Living in a travel trailer while we substantially repair or build is a very valid option. Wifey's folks lived in a travel trailer and had their stuff in the barn while their home was build and we may well emulate that plan.
Did I miss anything?
“A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects.” — Robert A. Heinlein
Sunday, May 31, 2009
Unconventional Housing Question?
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8 comments:
You asked "did I miss anything?"
Sort of ...maybe...
Is there some place you like now, someplace where you'd be comfortable if your current job ended tomorrow? Some place where you could buy a few acres now (or at least start buying them)?
To go through a 'traveling' career and not have SOMEPLACE you can call home is a drag.
Maybe not a drag today or tomorrow but when you start seriously looking at leaving that career (8 or so years ahead of that time) you'll see the value of having something somewhere you liked, a place to go to.
The other point is the really successful ($$$) folks that I saw during my 21 years in a career where we moved a lot were those folks who always bought a home, always. Maybe they sold to buy a better one, maybe it was rented out but it was building wealth. -shrug- Those were different times but you still need shelter.
I have a few regrets, one was getting an old mobile home rather than having a pole barn put up for the same amount of money.
The other was not buying that 6 acres with an old MH & barn out in the country not far from where we were stationed.
I convinced 'us' we couldn't afford it. 10 years later it would have been a GREAT place to have. We could have afforded it, I was just frightened of spending the money.
You are dead on about getting your spouse involved in all of this. Having to convince 'us' that this hair-brained idea is a good one at the very least spreads the blame -grin-
9:56, With my job some places buying won't be an option, as with my next assignment. After that I should be in a financial place to buy.
As for buying some land in a place I might want to live I will do some thinking and probably write about it tomorrow. The simple answer is 'after a house'.
That 20 or 30 year mark sneaks up on you fast.
Be a shame to be another retired vet looking for an apartment to rent because they lost the quarters when they got out.
3:24, Great point. Nowhere did I say I don't intent to purchase a home in the near future. Depending on exactly how things go we are 3-5 years from purchasing a home. Intend to purchase a home everywhere we go unless it is OCONUS.
Living on post has some advantages but I would rather have my mortgage paid with BAH.
One big problem with buying junk land is,how much longer will it be "junk"?When I moved to AZ in 85,I'd drive north about 20 mile's to go ride my dirt bike.Middle of nowhere,no house's for mile's,seemed like perfect junk land.Close enough to drive to town,yet isolated.Last time I went riding up there last year,the area is covered with million dollar home's!Even out beyond the city limit's,there were small acreage's all over!Now had I bought the land back then,I'd be a multimillionaire!! A buddy of mine actually did,he is a vet and breed's horse's,so he had 30 acre's. The only good deal's on junk land will have to be so far out in the stick's that it will never be built near in our lifetime.
Dean in az
Dean, Is land you purchase getting surrounded by homes and such a horrible thing? If nothing else sell it (probably at a good profit) and then buy somewhere else. Or just hold onto it.
TOR:
Had I bought it then,I'd have sold out quickly to one of the developer's!I was young and stupid in my 20's then,and had no money anyway! Aside from that,I'm amazed how fast the Phx metro area has grown in 20 year's.My father in law grew up here,and tell's storie's about how the city "ended" at 7th street in the 50's..Now we're up to over 300 st and ave! If one could make a living out on junk land,without the need to go to town for anything,that's great.From what I've seen here,the cheapest junk is still 4-5 k an acre.
Dean in az
Dean, I can see that.
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