Sometimes it's a good idea to take a cue from the rest of the pack, and right now the pack is packin' up boxes and moving in to their own condos and homes.
Kate sez it's time to do the same.
I have a confession: I've long battled a bit of the Peter Pan Syndrome, a fear of growing up and handling the responsibilities that come with age. I grew out of the party scene a little later than most of my friends, and up until recently I've really been procrastinating on getting my finances in order.
But I'm taking some steps to stride into 30 with a bit of maturity and sense under my belt. About two months ago I enrolled in my company's 401K plan. I figure there's nobody but me to plan for my retirement, and there's no time like the present. I'm also chipping away at what debt I have (really, not that much considering I haven't used any credit cards in two years) and hope to be completely debt free in a year or so.
Now I want to buy property.
I've started sniffing around the neighborhoods and opportunities around the greater Cincinnati area, and am looking for a tricked-out condo. I am deciding against a house since I will be the only person living in said domicile and I'm really anti-yard work and absolutely don't want to be burdened with shoveling sidewalks or cleaning out gutters.
Already I've found a bunch of condos in a price range I think I can afford. Lots of em' have granite countertops and ceramic tile in the kitchen. Stainless steel appliances and fun stuff like shiny hardwood floors and exposed brick.
I'm starting at square zero and have a bunch of questions. How much can I really afford? What if I have crappy credit? What if I've got, like, four dollars in my savings account? Who should I meet with first: a realtor or a lender?
Am I crazy for even thinking I could afford/be lent enough cash to buy a condo?
So many questions. A good journalist can track down the answers...