We have never owned our own home.
About three years ago, we decided that it was time to get a home if our own – but we weren’t ready financially. So we moved into a cheaper smaller rental property – one that really is too small for our family – in order to save money.
Unfortunately, the rental market in Cairns is very tight – so our rent has risen. We are almost paying as much in rent now as we did before we left our previous rental property.
The plan was to save money for a deposit and pay off a chunk of our credit card debt so that we can refinance the debt into a personal loan – and then get a loan for a house.
But it hasn’t quite worked out that way. We haven’t saved any money and the credit card debt remains the same. There just always seems to be some kind of bill or expense that comes along that erodes our savings.
Just over a year ago, it was our car. It broke down. We spent a fair amount of money to get it fixed enough to drive – but it had a lot more work that needed to be done. Being a Kia Rio, it was also too small for our family. Miss O was very squished between the boys two booster seats.
So we felt like the safest option was to upgrade the car. So we sold the Rio at a bargain basement price, and opted to get a novated lease for a new car through my husbands work.
We wanted something with a lot if space, but also something that would be fuel efficient, easy and comfortable to drive. We also didn’t want to put too much pressure on our budget – so it had to be a really good price.
After much careful consideration, we chose an X-Trail 2 Wheel drive. It was great quality for the money, and ticked all of the boxes we required.
Getting the X-Trail has been wonderful for our family. We have made a real effort to get out and enjoy the beauty that Cairns and the surrounding regions have to offer.
However, we have not made any headway towards getting a new home. Despite being great value for money, a lot of our budget goes towards the car lease. Factor in the rent we pay each week and childcare and after school care and even though my husband and I both work full time it seems like each week we are living hand to mouth, juggling the credit cards, the electricity and phone bills and groceries.
I work so hard juggling all of these to try to maintain a good credit rating so we will be able to get a house loan in the future that it is exhausting! I feel like the bad guy, being the one that says “No, we can’t afford it” all the time.
But last weekend we decided it is time to get serious. It is time to knuckle down and do what we can to make owning our own home a reality.
For those of us who rent, we all imagine and dream of the day we will own our own home.
But just what does that dream look like? What does it feel like? Is it a new house, or is it an old house? Big or small? What colour? How many rooms?
How would you feel if you could see it, touch it, feel it, stand inside it right now?
So my husband and I decided to go check out some display homes.
We were hoping that this would inspire us and motivate us.
Almost every single display home that we looked at was gorgeous – and most of the salespeople were really nice and had lots if helpful tips.
We *think* that we have found perfect design for out first home. It is functional and modest but it feels spacious and will suit the needs of our family perfectly. Compared to where we are right now it would be luxury! But the best thing is – we think that it is affordable enough to be in our reach sooner than we expected.
The kids are all excited too. They wanted to move into the display home! We had to explain that’s not exactly the way it works.
So right now it is all systems go. We are on the same page and we are looking forward to the dream of owning our own home.
Building a home is a big deal. There are so many things to organise. The land, the finance, all the nitty gritty details need to be planned and thought through.
But we have a dream.
Our dream can become our reality.
We will make sure it does.