Where do I Start The Process of Owning My Own Home?
By ljordan
@ptty_noel (190)
Uruguay
November 17, 2010 7:35pm CST
I live at my parents home. I mean nothing is wrong with that when you look at my age. In my country it is normal for a person to be 23years old and still living in their parents home.
However my room is just ordinary. I will love to fix it up but as the room basically belong to my parents, I have alot of restrictions.
I am employed and will love to earn my own home where I can make my own decisions.
I see persons earn very little but are able to own their own home and I ask myself why cant that be me? Why cant I be able to own my own home? Houses are so expensive. How are persons able to pay for it? How do as person start building?
I have heard of someone who was earning a very small salary however she wanted to own her own home. So she decided to build the home and not buy a constructed house. She was getting her salary on a daily basis and was only able to buy a few building supplies at a time.
Every afternoon after work she will buy two bricks, put them in her bag and carry them to the place she prepared to build her home. When ever she got extra money she will buy other supplies. But to save on transport cost she will transport them in a bag to the building site.
It took really long for her to complete her home but she was able to finish it and she currently resides in it.
For me, in this economic times that will take ages. But I want to know your stories how have you done it? What struggles did you have to overcome to obtain your home?
3 responses
@mhypie03 (683)
• Philippines
18 Nov 10
I live in the Philippines where living in one roof with the entire clan is so common and normal. I am also 23 years old but still lives with my parents (well, my mom literally because my dad works overseas) so I also opt not to move out yet or even go abroad to work because my mom will be left behind. I can actually afford to pay monthly amortization whenever I want to but I am trying to save more because I pay all the bills at home plus I have a quarterly variable life and health insurance bill to pay as well. I am too lucky to have parents who own a house I can still live in without any rental fees to worry about.Maybe in 5 years time, I will borrow money from our government (also called housing loan) to start building my own house through it.
@ptty_noel (190)
• Uruguay
19 Nov 10
Thank you for your post. I like the part where you mentioned that you can still live in the house without paying rental fees. My parents also own the house. Not having to pay rental fees is a really good thing for me but my disadvantage is not being able to make my decisions on things such as how I want the wall colour to be. I will just love to be able to decorate my home in a way I like. I also will love to have privacy.
I like also that you stayed with your mom. Most kids grow up and leave their moms behind.
My country also offers loans. To get it is like waiting for snow to fall in the Caribbean. It is a long and slow process.
I am currently saving. It is hard at times but I try to keep at it. I really home I can find my way in getting a home soon.
@mhypie03 (683)
• Philippines
19 Nov 10
Well, our house has been flooded half way our ceiling so we no longer have the interest to make it any beautiful. Yeah, my mom is a loner even though she pushes me to work overseas, I just make alibis to stay because still, there's no place like home. =)
@rovered777 (649)
• United States
19 Nov 10
Affording a home is the biggest step one needs to take before purchasing. I would start by making lots of money, whether it be few dollars over the weekends and couple thousands during the week days. For myself, I tend to work during week days, and spend the weekends supplementing my income with online work from home opportunities. In two years, this strategy will help me make enough money to buy a 800 thousand dollar colonial home.
@ersmommy1 (12588)
• United States
18 Nov 10
I think we all feel this way at one time or another before we leave our parents homes. I know that in the US you have to be at your job (at least the same field) for at least a year. Our home is forty years old. You might have an easier time buying an older, already constructed home. Building one here is pretty costly!
