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The trouble with buying a place

2011-02-01Uncategorized Standard

Lately, Finnur and I have been looking at houses/townhouses/row-houses to buy. To do so, we’ve been watching fasteignir.is, which is the main real-estate website, and lamenting how very primitive it is.

For example: They do not offer a map-view of all the properties for sale (check out redfin.com and zillow.com for a good example, we used to live in zip: 94043), nor do they actually list the number of the property, only the street-name. I guess this is for ‘privacy’, but then anybody at all can ‘send in a request’ and get emailed a ‘sales-sheet’ which lists ALL the information. I would argue that all this stuff should be on the website. It sure would save me a lot of trouble!

Also, there is no way to look up what other properties in the same neighborhood have recently sold for.  And we’ve been told that the asking prices are in some cases totally insane, but gauging just how insane is hard.  This is partly because many of the larger real estate deals these days are ‘swaps’, because financing is hard to come by, and during a ‘swap’ it is beneficial for all parties to significantly inflate the prices of both properties.

Anyway, leaving aside the map-handicap, and the price-handicap, Finnur and I have now looked at enough properties to get a small sense of another problem we face.  Ourselves.  As in: We’re lazy, so we’d like to buy something that doesn’t need a lot of work. The big question is: How much work is too much work?!

For example, if a kitchen is in pretty good shape, but the doors are ugly, and we’d like to get new ones, is that ok?  What about replacing an old kitchen, particularly if the layout of the place is perfect, just old?  How crazy is putting in a new kitchen?  And just how expensive?!

Bathrooms are another headache. We looked at a place where the main bathroom looked really nice, and was probably only slightly over 5 years old. The problem was that the owner was a ‘bath’ person, so the bath was under the large window, while the shower was tiny, smelly, cramped, dark, still wet from usage from floor to ceiling, and in an inside corner – aka utterly unusable.

In that case, the rest of the house was pretty ok, so the bathroom would be the only thing to go, but is it defensible to rip out a perfectly functioning bathroom just because one would like the shower in a different spot?

Making things ever worse, in my mind anyway, is the fact that I know that I have really really crappy ‘taste’.  Well, let’s put it this way: I like things to be rainbow-colored.  Like our plates for example.  I think they’re very pretty plates, and just the sight of them makes me happy.  Happy colors = Happy Hrefna.  The trouble is that rainbow colors translate very poorly into room design, which these days is all monochromatic, dull and duller.

Which is all a long winded way of saying that I don’t trust myself to ‘design’ or even just ‘decide’ on designs of others.  Well, that’s not true.  I know I would make decisions (I’m good at doing that), but I fear that in the grand scheme of things, they would add up to crazy cacophony.

Now, perhaps I’m wrong, but I’m starting to suspect that this may be a renter’s affliction.  As in, we’ve always rented, and therefore have never really had any say what so ever in the look of our housing, just the furnishings.  (The only exception was our first five years living together, where we were free to paint the walls, and did so with really quite atrocious results in some cases.  Perhaps I’m still damaged from that!)

So yes, finding the ‘perfect’ place will be neigh impossible I fear.  And boy oh boy will the two of us have to brush up on our communication skills if we’re ever going to get through this without grievous injury!

COMMENTS

Rajan P. Parrikar 2011-02-02 at 10:24 -

One disease Iceland is not infected with (I hope) is the desire to change homes as one moves ‘up’ in life. Here in 94043, where we live coincidently, and surrounds people never seem to be satisfied with where they are unless it is a, let’s say, a $5 million home.

Hrefna 2011-02-02 at 10:39 -

HAHA, you live in 94043?!?! That’s funny! 🙂

Going for extravagance these days is said to be “soooo 2007”, but still, Icelanders don’t really mind living in mansions any less than other nationalities.

Before the crash, almost all of our friends were in line, or thinking about, or applying for patches of land to build houses on. Some actually got land early, and built houses, while others weren’t so ‘lucky’, got land late, and were able to return it to the municipality. Others sat still in their original apartments, and are now looking for larger housing to fit the kids in more comfortably.

So no, I’d say that among our circle of friends at least, the aim isn’t the $5 million house, but rather something that is large ‘enough’. But then again, our friends are mostly level-headed engineer types so they’re not exactly representative of the general population… 😉

Rajan P. Parrikar 2011-02-02 at 10:56 -

Yes, for me the choice has always been between Mountain View/Palo Alto and Goa (where I am typing this right now). Since Goa is now ruined beyond recognition by uncontrolled tourism/in-migration (both issues Iceland needs to watch out for), Mountain View it is 🙂

Finnur 2011-02-02 at 12:34 -

Just to be clear: Hrefna is pointing out that it’s a funny coincident, because we lived for two periods of the last decade in 94043.

Rajan P. Parrikar 2011-02-02 at 14:01 -

Finnur,

I understood what Hrefna meant, and would have understood it even minus the smiley 🙂

Una 2011-02-02 at 20:24 -

I’m curious about this rainbow effect. 🙂 You don’t like to look at houses in colors you don’t like?
A tiny bit of imagination helps you picture the place as it could be in your ownership. No problem to paint and put up rugs and drapes and so on with all the colors of the rainbow! Key word: accessories. Because they’re quite easy to change.
Don’t put up a new kitchen in 5 different colors, or floors, doors and so on. Keep the “stuck” things simple. And yes, if the place is otherwise perfect and you’re in love with it, I’d say you can justify changing a bathroom and shower.

Hrefna 2011-02-03 at 23:32 -

Nonono… you misunderstood me… 🙂
We doooo look at houses in colors we don’t like – we do understand that walls are paintable. It’s just that I fear that our choices would be, erm, not up to ‘societal standards’. Yes, I agree with you on the accessories, but not that they are easy to change – we are that lazy. Once something is in place, and it serves its function adequately, it generally stays until it falls to pieces.

I probably wouldn’t put five different colors in a kitchen, but for example, we looked at a kitchen that had bright blue tiles, which seemed like happy blue tiles, so probably would have gotten to stay, but the doors were rather meh. So then the trial becomes to try and imagine what would go well with the blue tiles. And that is the problem: imagination or a lack thereof when it comes to interior decorating. It’s just not something I’m good at, but I imagine that with some work I could get better!

Now, on to the final thing: Being ‘in love’ with a place. I’m such an engineer, that I’m not entirely sure I’m capable of being ‘in love’ with a place. A place either functions for us, or it doesn’t – as in: Does our furniture all fit in? Is the layout good (i.e. master bedroom not on a different floor than the kids’ bedrooms?), is it in decent shape etc. etc… Sure, I can walk into a place and pretty quickly decide if it’s even a remote possibility, but outright falling in love?… I remain doubtful! 🙂

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