Mortgage Bound

sienna_frontWe never intended to settle into a new home when we began our house hunting adventures. After contacting John at Canning Dream Homes, I developed a rather short list of homes to tour. I can’t say they were overly impressive as the stock in Oakley was quite limited because of many ‘Pending’ offers. After our first purchase back in 2004, I would like to think we have learned a few things about the home buying process. which would not lead us down that same disastrous road we traveled when we purchased the first time. From the enter buying process to the interest free loan for the first 12 months to two bad refinances and a shitload of debt, it was amazing we survived as long as we did in our first house.

While the end result caused stress and frustration, we entered the home buying process in a much better position than in 2004. After touring 6 homes it became apparent, “our house” wasn’t “in the middle of the street” (Madness reset) or to be found in Oakley, based on what we wanted in a house. It was somewhat frustrating, as we were growing out of the renting experience and needed to reestablish ourselves in a place to call our own.

John was wonderful enough to take my wife out to a new housing development in Oakley called Emerson Ranch built by DeNova Homes. While I didn’t accompany them on the first trip to Emerson Ranch I stopped by after my wife raved about the model they were looking at. Of course, models being models are staged with great looking furnishings and have MANY upgrades added to the base home.

For a few days I felt we were rushing into a new home before seriously considering other options. Both options had good and bad associated with them. One night, while lying in bed I decided to look out towards Valley Springs and was shocked at what we could buy for $350,000 to $375,000. One of my main concerns was property size. I wanted a minimum of 3 acres, something I was not going to find in Oakley. Valley Springs was amazing. The prices fell within our range and many of the homes we looked at on Realtor.com met many of our requirements we were looking. I even found a 2500 sq. ft. home with 40 acres! Not only could I run ultras on my property, we could camp and fish in the Calaveras River, which ran through land!

Yet until the size strapped lots in Oakley, the commute and schools in Valley Springs became an issue. With a single high school and only a handful of elementary and junior high school, commuting our son to school would not be as simple as a 2 minute ride down to the corner to drop him off. Living in the foothills of the Sierras would also turn my 45 minute commute into a 2:15 commute. One way! So was buying out in Valley Spring realistic? Probably not, but I would make the sacrifice and commute if it allowed us a place to buy.

Back in Oakley, my wife and I were getting excited as we talked to our realtor, as well as Kelly and Wendy at DeNova Homes. The homes weren’t moving as fast as they had expected and there were some good upgrades and credits being offered to entice people into buying. After visiting the development a second time and walking through a few of the “Move-In Ready” homes, as well as the model, we decided to put down a soft deposit in order to hold the house. It was their only single story floor plan (Amber), which was a few hundred square feet smaller than the rental we are in. Even worse, the footprint of the slab, left very little room in the backyard to house some sort of kennel for my wife’s breeding hobby (Bengal cats).

After spending a few days reading the 3 inch binder full of fine print, rules, regulations and more stuff that I probably didn’t care about. A day later my wife, with John in tow were back at Emerson Ranch and I received a phone call about purchasing a bigger home, which was the next floor plan up, called the Sienna. This home made a bit more sense. It provided us with 4 bedrooms, 3 bathrooms, a California Room, something as a Californian since 1971 I had never heard of, as well as a fireplace in about 2300 square feet.

Not having walked the larger models I was taken back by the size of this home, it was rather well laid out, seemed to have a good flow and energy through out. The kitchen was amazing. I can’t believe the amount of storage space with dual pantries and about 30′ of counter space! I could have people in the kitchen and still be able to cook comfortably! This house was about $30,000 more, but broken down into mortgage terms that came out to about $210 a month. Then I remember the wise words of my friend Brian N, as well as our realtor, “happy wife, happy life.” I know she would love this home, as would I, so we moved our deposit to the larger floor plan and started the paperwork.

One of my requirements for a home was a 3-car garage and I missed the next floor plan up, the Emberglow had just that. I got very excited, especially since the price of this home was JUST another $10,000 (or $70/month on my mortgage). I drive out to Emerson Ranch and walked the floor plan. My main concern, the garage, which was actually a 2-car garage with a tandem garage extending one side. It worked for me, but the downstairs floor plan was terrible. The ‘Great Room’ wasn’t so great and seemed to run into the kitchen, which now included a nook. It just didn’t flow well and I knew it the moment I walked it. The master bathroom, which it offered more closet space, was smaller than the previous model, but the upstairs did have a loft, which overlooked the entry way. At over 2600 square feet, it was too much house, even though the garage was nice.

Now that paperwork has been started we are probably 4-6 weeks away from closing on our new home. Still very hard to believe we are going through the new home buying process. Unlike our previous home, where we were carrying quite a bit of debt, this time we are debt free, earn more money and the entire situation feels right.

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4 Comments

  1. Congrats…and hopefully not any of the problems that seemed to plague the old house! It looks wonderful in the pictures

  2. I sure wish you could talk like this in person. You have this amazing passion when You write. Makes me cry. I guess we need to go back to Mirc 🙂 I do love you so very much.

  3. Pingback: DeNova: Second Service Request - T H E 6 T H F L O O R

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