My mind will not shut off.
The house hunt yesterday proved successful. The house in Trinity Park proved to need a lot more love and money than I was able to provide.
A second home in Northgate Park had much more square footage and potential, but an add on had a lot of visible damage and no telling what was not visible.
But the third, also in Northgate Park, was just right.
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| Brick bungalow in Northgate Park, Durham. |
It's true that you can feel when the house is a right fit. As soon as we walked inside we had a really positive vibe.
The house appeared to be in very good shape. The two bedrooms were a decent size but the closets were so much larger than expected. The bathroom vanity and toilet seemed very low to the ground, but it was clean and also a good size for the home.
The kitchen was workable, but that would be my main project. I would reconfigure the workspace and cut off a narrow passage to the hall and add counter and cabinet space to open it to the eat in dining area.
There was a large laundry/pantry/mudroom off the kitchen and leading to the fenced in backyard with carport and shed. It even came with a doggie door!
Now comes the hard part, what I hate the most. Deciding on an offer price. I hate the process of negotiation. It stresses me out.
Is it priced right? Too high? What is a good offer? Do I ask for closing costs?
Then because I'm doing a 203k loan, I have to include the cost of my renovations into my borrowing amount. I have a specific total borrowing g amount that I want to stay under. So can I purchase the home, plus make the renovations all under that amount? If I put more for down payment will I stretch my cash reserves too thin?
All. The. Stress.
Plus add to finding a home inspector, a general contractor to write up the proposal for the renovations and being realistic as to what I am capable of doing myself.
I am excited. And nervous. And cautious. Oh, and excited.
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