Shortly after getting engaged three years ago, I decided that I was finally ready to take the leap with John and purchase a home of our own. Buying a home was something John had held in high regard for years and I had quite a different opinion. I was scared, quite frankly, because I had just begun working at a job where I actually made real money and could spend it on frivolous items like Burberry coats and Kate Spade handbags. I really wasn't looking forward to being house poor just to live someplace, that in my opinion, would be just like our current apartment with nicer appliances.
So, after that great trip to New York City I consented and we began house hunting. First off, we made a list of requirements (Lakeview/Lincoln Park area, vintage rehab, on premise washer and dryer, etc.) and items that we could live without (like in-unit washer and dryer, central heat and air, etc). Naturally there were some things that were more important to us as individuals as well which we chose to factor into our home search:
The items that were more important to me:
1. I didn't want to be so house-poor that I couldn't enjoy the remainder of my 20's.
2. The house, under no circumstances, could be haunted.
The items that were more important to John:
1. It would be a good investment.
2. We would want to stay long-term.
3. The re-sale value would be high.
4. It would be a good investment.
5. Good investment, blah blah blah....
6. Outdoor space for a grill.
So obviously, I left John to do the heavy lifting when it came to working out the financials and choosing a property that would be a 'good investment'. While I was more concerned with the aesthetics and finding something 'cute'. Within a couple of months of intensive searching we found a realtor along with many places we just didn't want. Some were far too small, the layouts were awkward, the building just seemed janky, etc.
Until one day, I found it online. The cutest condo ever.... EVER! In our price range, vintage rehab (built in 1904 and renovated in the 90's and again by the previous owners), close to the L, in Lakeview (an awesome block no less), good space, big back porch (grilling!), on site washers and dryers, and central heat and air (major bonus since most vintage buildings still have radiator and window units). Could it be more perfect? No? So in a rush John and I called our realtor to check this place out, and we fell in love. After a brief negotiation, in our car driving down to So-ILL to visit friends, we agreed on an offer and begun the process of buying our first home.
I have to admit, being a homeowner is a lot more rewarding than I thought it could be. I absolutely love our place. I love decorating, I love the flowers on my back porch, and I love making the place ours. Hell, I even tolerate going to Home Depot which is a place that used to send me into a hissy.
So what could spoil living in such a great, nay perfect, place? Condo Associations. Condo Associations are the bane of my sweet little buildings existence and in hindsight there are so many things that we would have watched out for "If Only We Had Known Better (TM)". It is absolutely ridiculous that my idiot neighbors can affect the worth of all the units. From having renters that destroy the common areas to a unit in foreclosure, can completely screw the environment of the building. I mega-loath Condo Associations, especially one, of which I serve as the Treasurer.
There will be more ranting on this topic to come...
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