I have a big A3 poster in my bedroom and also on my bathroom wall reminding me of my goals for 2014 and also the ‘Bigger Picture’ stuff for years to come.

It takes courage to grow up and become who you really are – E. e Cummings

I’ve always been a dreamer; I could spend hours day dreaming what I want my life to look like, where I want to live, my dream wedding, children I’ll have, what I’d do if I won a million dollars (pay of debts, help my parents pay of debts, go on a holiday, buy property, and put something away for a rainy day), where I want to travel to next…You get the picture. Dreams are one thing but to make them into reality you have to have goals and plans! My poster helps me with this.

One of my biggest dreams is to buy my own home. Somewhere Coco and I can rest our heads. Somewhere I can paint the walls, rip up the carpet, change the garden or even put in a shelf and no one can tell me no…Unlike rentals where in Australia you can’t do anything permanent and your lease may not be renewed. I don’t include Manly Matt in this dream; not because I don’t want him to be (I do), but because this is something I have to strive to achieve on my own. It would be fantastic to share a home with someone I love and yes ultimately I want to get married and have a child but just in case this doesn’t happen I have to make my own way.

I have a good idea of what I want for my first home:

  • Townhouse with 2-3 bedrooms and 2 bathrooms;
  • Off street parking for at least 1 vehicle;
  • a backyard/ outdoor living area (for Coco Pop);
  • Tiles or wood floors in the main living areas (I hate carpet in the living areas);
  • Something that might need a little love but nothing too major renovation wise (I’m not equipped to pull down walls but I think I could handle a paintbrush and replace a door or 2);
  • Storage (this needs to be underlined about 5 times);
  • Pet friendly and fenced (I’m negotiable on the fencing – but where I go Coco goes);
  • Within 45-60 minutes drive from work;

Overall pretty sensible hey? Not quite the playboy mansion is it? Looks like I’ve got this growing up stuff nailed…It’s only taken 33 years ha ha.

I’ve found a bunch of options on the real estate guru http://www.realestate.com.au and all are under $350,000. Why $350k you ask? Because according to a bunch of helpful mortgage repayment calculators that’s what I (and a flatmate or 2) can afford to pay back…

BIG DREAM!

Seeing this today made me realise that my dream of owning my own home is very achievable. One of the biggest concerns with home loans is people over-borrowing and then not having enough money left over at the end of the day to have a life with as well as a mortgage. These repayments will allow me (with the help from a flatmate or significant other assisting by paying rent/mortgage) to have a life. I’m pretty sure I’ll never be returning to the days of spending silly and buying everything that caught my fancy but now I’m older (and some might even say wiser) I realise that there just things and sometimes waiting/saving to buy something makes it so much more satisfying.

how much can I borrow

Thankfully the powers that be see it this way too as after using even more online calculators I can see that I can borrow anything from $223,000 – $375,000, talk about a broad spectrum. Obviously these calculators are a guide only and don’t take into account deposit saved. For the record I don’t have a deposit saved (YET)…That’s why this is a BIG DREAM. I’m giving myself 3 years to save like a mad woman for a deposit. Hopefully during that time I may also be able to manage a pay increase and also grow my little side project (I make little prints of quotes/birth announcements you can hang in your home http://www.facebook.com/madebybandc) so it may be able to be counted as some sort of income to keep the home loan givers even happier.

What’s your big dreams? Do you use a dream board, pinterest, poster or just keep it in your head?

 

 

 

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