A house obsession update

So, my dream house sold, and not to us. We weren't the first offer in the line, but all signs seemed to point to our offer being the one the bank was most likely to take. Don't trust the signs. Currently the house has a contractor's sign out front and really BIG dumpster on the drive, but not much else seems to be happening. I'm scared to drive by, but too curious not to.

We also made an offer on a bank-owned house in the Edgemont neighborhood. Edgemont is a good compromise between Matt and I. The neighborhood is old enough that the houses still have character, but they don't require quite as much work as my dream house. The house in Edgemont was a really good fit for our family, but it was also a really boring ranch. The yard was the redeeming factor in my eyes. The bank liked our offer, but not our closing terms. We'd set our closing date at the end of August and they balked at having it out so far. Unfortunately, that house is now under contract.

Our house has been on the market for just shy of two months now and we've had a lot of lookers, but no buyers so far. This is good and bad. Bad because it's really a pain to try and keep my house clean enough to show at a moment's notice! A lot of our stuff is packed away and I don't feel like I can start anything that will make a mess--like making bread or sewing. The good part of all this is that, right now, there isn't a house on the market that we're really interested in, so we're not feeling rushed to get out of this one. Tonight Matt and I took some video of the best options out there right now, but we've decided we aren't going to make any offers until an offer comes in on our house. We dropped the listing price of our house today, so hopefully we'll get an offer soon.


Matt's and my wants for a house seem like they would meld the best if we could build a custom house (of course). I surfed online floor plans, looking for a house that contained all of my ideal elements--a studio for Matt, a craft/sewing space for me, a good mud room that could be the main family entrance, an eat-in kitchen with good views of the yard and at least 3 bedrooms on the same level. I actually found a plan that is almost exactly what I would have come up with if I'd been working with an architect--the Lakeland Cape Cod from simplyeleganthomedesigns.com. Here's the floor plan.


First floor:

Second floor:

I created a gallery of interior/exterior photos here.

(My only complaint is that the house is a little too big. If we were really to build I might work with the architect to see if we could scale it all down a bit.)

I was really getting behind the idea of building until we started to look at lots. Lots in the Edgemont neighborhood cost as much or more than houses! How can this be? How can anyone afford to build a house--you're instantly upside down. I guess they are depending on people who plan to stay in their house forever and don't care about the market value? The lot we really like is .31 acres and would fit this house plan really well, but it's listed for $134,900. That is $10,000 more than our new listing price for our townhouse and only $50,000 less than a house of comparable size and acreage just sold for only two blocks away. Maybe we could build the garage for $50,000 and live in a studio for a few years while we save up. I'm sure the neighbors would go for that!