September 23, 2007

A place to live

Filed under: A new life — theratra @ 3:32 pm

In the spring of 2007, I bought a house.

I began my search as I still occupied a room at my parents place. I knew I needed to get out; it was just a matter of where I wanted to live and whether I was going to buy or rent. I eventually decided that I wanted to purchase my own property (for cash, if possible). Once I had that, I’d have something that no one could take away - no matter what happened. Well, provided I didn’t fall behind on my taxes.

Yes, to have a place of my own - paid for – to do with as I wanted – to live as I wanted – freedom.

A main component of my plan was to try to conserve money whenever possible. Paying interest to a bank, or rent to a landlord, would not be part of my living expenses if I could help it.

Unfortunately, in order to pay for the place in cash, I’d have to settle for what was certain to be “substandard accommodations”. In fact, the money I had to spend on a house was almost laughable – nothing more than a down payment for any “real” property. Still, I knew there was something out there for me – I just had to look a little harder.

Home ownership was nothing new. After all, I’d owned a few homes in the past. However, this would be much different.

Why? Well, for one thing, this house was a shack. In fact, some might have considered it uninhabitable. And yes, upon first inspection, I would have come to that exact conclusion if not for the fact that it was intended to be strictly functional and nothing more.

At roughly one tenth the price of my previous home, it was listed as a real fixer-upper – a handyman’s special. According to the real estate agent, most of the value was in the land and that the “premium lot” would be well suited to the construction of my “dream home.” I said nothing. It was no one’s business how I used the property. I suppose she automatically assumed the house should be demolished. Little did she know that I’d planned to get many more years of use from this property – as is.

I questioned my intentions many times while going through the buying process. Perhaps I could have spent a little more money and got something nicer. However, I made a commitment to change my life and this house would fit right in with my new low-consumption lifestyle.

Finding a place like this was no easy chore. It had to be in a certain geographical area, have at least an acre of land, and be bargain basement cheap. With those requirements, I knew that whatever I bought would be short on curb appeal.

3 Comments »

  1. good for you phil - im eager to hear more!

    Claire

    Comment by claire — September 29, 2007 @ 2:53 am

  2. Hi Phil, just come across your site - very interesting. I’ve also just quit my job with the aim of generating a modest income for myself and enjoying a simpler life. I feel very happy about it at the moment even though I am sure there are challenges ahead.
    Looks like you haven’t posted for a while but your story is very interesting so I hope you’ll pop back to update it soon.

    Comment by Sally Drop-Out — October 8, 2007 @ 3:45 pm

  3. Hi Phil,

    I have been reading your entries with great interest. Very well written, and honest. I know that a lot of people can be helped by what you have shared.

    I left the corporate world five years ago and haven’t looked back. I agree that it is quite an adjustment if you have been in the “rat race” over 20 years, as I was. For so long you dream of having your own schedule and your own life, and suddenly it’s yours.

    I think it’s important to find others who also have the courage to lead unconventional lives and follow their dreams. Otherwise it can be a little isolating.

    I’m looking forward to hearing more!!

    Comment by Thelma from Montreal — October 17, 2007 @ 10:13 pm

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