What house to buy?

[krazyaboutkatz]

My vote is for house #2 or to keep on looking. Good luck with whatever you decide.

[kokopup]

When i was your age I THOUGHT I needed a large house especially one with a basement. House #2 is basically what I have now. Now that I'm old and retired I wish I had house #1 because a large house is a lot of work to maintain, not to mention cost of heating and cooling.

Since your are young I say go for it and buy house #2 and keep house # 1 for rental. Unless the tax laws are different in Utah you can come out ahead because the interest and property taxes are deductible on at least your federal tax return. if you rent for the payment you can claim a net loss also.

[Cataholic]

House #2! My house is just under 1000 sf- finished. It is too small for us, I think. I want a larger house to have an official 'office'/guest room. Plus, more cats.

BUT, I love the house payment on a small house, and the heating/air charges, the yard...etc.

[wolf_Q]

Well we have an offer in on house #2. Someone else has an offer in too, so what will be will be, not going any higher. The house has great potential if the basement was finished and some cosmetic work done on the upstairs it would definitely be worth considerably more...just for the fact of the yard alone. It's huge, fenced on all but one side, has pine trees, garden, 3 sheds, cement pad, covered patio. It's more than we need but its a good deal. We'll see.

[pomtzu]

Congratulations. Fingers and paws crossed in the hopes that you get it.

IMO you made a good decision. House #1 is so small, as is the parcel it is on. Might be fine for a single, but after a year or so as a couple, you would most likely find it very cramped, and you might not be in a position to find something more suitable.

Good luck!

[Seravieve]

Catching this rather late in the game.. but I'd go for #2 as well. We currently live in 1492 sq ft townhouse.. two people, 3 dogs.. Its enough space for us, but it'd be wonderful to have a basement of that size! We don't even have one.. much less that large.

I hope your offer goes well.. I know short sales can drag on and on!

[CountryWolf07]

Good luck, Amy! I'd go with house #2, if it falls through, I'd keep looking for that perfect house.