Ok- so we are so close to signing, it’s actually pretty scary! All these feelings flooding in- excitement, nervousness, sadness, happiness. It’s all part of it I suppose!
Anyways- so we got all this paperwork to look over before the signing actually takes place- which is tomorrow. I noticed on one of the pieces that Current Use was underlined (which was in the tax document that I had requested to see before the closing). I had to question it because we were told that the property was not in current use, plus it was on the paperwork that the seller uses to list the property. I was quite frankly upset at first because I thought the wool got pulled over my eyes.
Fortunately- I decided to ask the question… to get it clarified- and the Title company told me that it was underlined because it was a question to double check on their end and they did let us know that the land, is in fact, not in current use, which obviously makes me happy because you do have to pay taxes when the transfer occurs to take the land out of current use. This is usually 10% of what the value of the land is (or what you are buying the land at). I’m sure that in different states, this is different- but in NH it’s usually 10%. We simply don’t have that extra at this point since we have literally drained our accounts. I’m on edge and nervous, but I know and keep getting reassured, that this is the best investment we could possibly make.
They’re right… even if we sit on the land for 5 years and not build at all, we could sell the property for twice what we have paid, I have no doubt. I’d rather build a house though- even though that means mortgage and financing. I’m ready for that part of my life to begin though!
I’m happy we are buying land and building. At least this way, the land is ours, the house is what we want it to be- and it’s part of our lives that will help both Mike and I grow with each other. I love that he wants to do this. I love that he wants to put a roof over my head and build something to what I want. Simply said- I love how much he loves me… but I still love him more! J
That aside- I should mention that we have had house building plans (blueprints) for quite some time. We had designed and “built” the house on Chief Architect. Mike is very talented when it comes to this. He was getting frustrated with me for a while because I had no input. The only two things I said is that I wanted a porch and I wanted cathedral ceilings in the Dining Room and Kitchen. He built those in!
As time went by, and as we continued to look at and design the house, we started changing things to make more room. Our Master Bedroom is not huge, in fact, it’s pretty much the perfect size. Our Master Bath, however, was TINY. I asked him to move it so that it was on one side of the house, instead of separating two rooms, and then make the other room larger. It was PERFECT. He was thrilled that I had some input. We literally doubled the size of the tiny Master Bath (which was probably about the size of what we have currently) and he even added in walls to keep the shower in, and the toilet is behind the bathtub/shower, so when you first walk into the bathroom- you don’t see the toilet.
I also had ideas for downstairs. I told him that I thought the best way to conserve space was a spiral staircase for the basement. Since we want to do a livable, walk out basement, we needed the room for the walk out part. That being said- the spiral staircase does not cut off where we want the sliding door.
I do want a farmers porch in the front- but Mike wants a porch in the back where the walk out basement is. I don’t disagree- I think it would be good there… but we won’t be putting that in right away. We’ll have it set up so we can put it in easily after we start living there.
Our #1 goal for building a house at this point it to build it so that the basement is unfinished- so we can live in the house and fix it up while we are living there. To do that, we have to have an occupancy permit. Our best bet is to finish off the main living area- the kitchen, dining room (which will likely be our living room for a while), two bathrooms and two bedrooms.
I can’t wait for the house building process to begin! I’m excited- and thrilled that I will be learning a new trade. With Mike by my side, I have no doubt we can make this work, and I know he will teach me everything I need to know.
But just imagine what needs to go into the house! Plumbing, electricity, heat options, windows, doors, framing, walls, cabinets, floors, sinks … the list goes on!
I’m ready to start building our home- and continuing to build our love.
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