You may have seen me post on social media a few weeks back about fiiiinally securing my forever home. Truth be told, I wasn’t sure it was ever going to happen.
I’ll get to that in a moment, but I just wanted to let you know that I’ll be posting weekly in the lead-up to the house being built and me and my partner (and the two cats, of course) moving in. Expected completion date is in September, so we’re not far off!
In this first post I’ll be discussing a few interesting scenarios that popped up on the journey toward buying the home. And then each Wednesday I’ll be sharing interiors imagery that’ll be inspiring the decor choices I’ll make, mood boards for each room, and updates on the house. This is my first real and legit chance to deck out every pocket of the home from scratch – and I cannot tell you how excited I am.
Oh and I’ll be dying to get your input on the mood boards, colour schemes and product choices too. So I hope you’re up for lending a hand!
So I didn’t get my Ideal Suburb
Having moved down to Melbourne a little over a year ago, I didn’t quite understand that renting in Richmond was only setting me up for major disappointment when it came time to purchase.
Living in Richmond, you’re literally a five minute walk to a bar, pub, restaurant, cafe, and tram. I say tram, but in all honesty, as people often told me, Richmond folks don’t need to leave Richmond, and I haven’t much. It has everything a city-fringe-dweller could want.
But sadly, it comes at a cost. And when it came time to purchase my first home, the bank account scoffed at me, and then starting rolling around the floor laughing “You can’t afford Richmond, FOOL!”.
So we had to go further out; securing a place in Reservoir, which is about 25 or 30 mins from the city. At first I outrightly declared, “I can’t live in a suburb called Reservoir. It sounds like a sewer”. But I’ve been told it’s an up-and-coming area, so I will blog away in the burbs for the next few years and wait for the boom to occur. Then, I’m moving to Toorak to become a Real Housewife of Melbourne.
That last part is a joke. I’ll never be able to afford Toorak.
Sole Trader = Undesirable Loan Applicant
Who knew that being a sole trader – as I am with my blog, styling and presenting work – would deem it so flamin’ hard to get a loan? I saw all the commercials on TV about struggling sole traders and how tough it is for them to get loan approval with what the bank deems to be an unsteady income.
But for some reason, I thought strutting into the mortgage broker’s office and saying “Didn’t you see me on The Morning Show in 2014?” would stand for something (and yes I am STILL holding onto that fleeting moment of TV fame from two years ago no matter how desperate it sounds!).
Turns out it took forever for the loan to get approved based on my income. Even though I earn more now than I did when I was working full-time. Thankfully my partner Gavin has been in full-time work forever, which stood for a lot and got us over the line in the end. Which is good, because I was ready to strut into the mortgage office again with my new book for round two of negotiations.
Now for the Hardest Part…
While we wait for the home build to near completion, I’ve come to the hardest part in the journey. I know, one might think that saving the deposit, going through the loan process, or going to look at potential homes every Saturday was the toughest part.
But no. I’ve just entered the most gruelling part of the entire first home buyer process: negotiating with my partner over what furniture and decor to keep and what to throw out.
More on that hilarious discussion next week 😉
Did you have to go further out when you purchased your first home? And can any Melbournians tell me what’s hot and happening in and around Reservoir?