Our home buying experience has taught us a lot. Flipping is a great way to work your way up to a home you otherwise couldn’t have afforded. If you make smart purchases and upgrades to your homes and always keep in mind the possibility of selling it for profit, not only are you being cautious for the unexpected possibility of needing to sell your house for any number of reasons, but you’re also giving yourself the freedom to be able to sell and “buy up”. We have learned that it’s good to buy under your budget. It’s hard to go for the outdated fixer upper that’s $50,000 less than what you’re pre-qualified for when you could pay $70,000 more for that immaculate move-in-ready home and stretch what you can afford- and of course everyone’s capacity for “fixing up” is different and depends on your stage in life, your resourcefulness, your time and your access to handymen/handywomen. But we have learned first-hand why buying under your budget can pay off if your goal is to flip your way up to your dream house without stretching your budget too much. Flipping is also a great way to make some extra money if you have the expendable income to invest in homes and the guts to take on the risk of a fixer upper.
And then every once in a while, you get lucky enough to find a home that you wouldn’t flip for anything and that’s kind of how we feel about our house now. A lot of things fell perfectly into place when we bought this house and we know that we can’t possibly take credit for all of this, because there was undoubtedly divine intervention. We are beyond thankful for the opportunity to live in our dream home and have the ability to house friends and family who need a roof over their heads.
This is the house our first daughter is growing up in and the only house she remembers (she was just barely 5 months old when we moved in).
Our second daughter was born in this house (literally born at home) but this is more than just a house for us. This house is huge– 3,500+ square feet not including the 350 square foot unfinished mother-in-law suite we have out back. We knew we always wanted a big house. It was one of our top priorities for our “dream home” for lots of reasons.
I’m a bit of a closet introvert and a homebody, so that combined with the fact that I work from home means I spend a lot of time in this house and I like to feel relaxed and recharged when I come home (or stay home all day). I believe that “our homes should inspire us to go out into the world to do great things & then welcome us back for refreshment.” -anonymous
I also love to host- I think I got this gene from my mama. While I am an introvert, there is something nice about being able to share my home with others, and maybe it’s because if I get overwhelmed by so many people, I can focus on refilling the food bowls or straightening up while my extroverted husband and toddler talk and entertain the people. We compliment each other nicely in that regard.
I also like having the extra space to offer a room to anyone who needs one. This big house has housed many friends and family- the people dropping by for a quick overnight stop before heading elsewhere and the people wanting to settle in and visit awhile. Our guest bedroom currently houses a family friend who’s finishing up college and I love being able to say without hesitation that we are happy for her to stay as long as she wants while she searches for jobs, and works on figuring out where she wants to go next. This house was home to a 10-year-old orphan from Latvia over the 2015 Winter holidays and we loved learning about the Latvian and Russian cultures and watching Markuss light up about the American skateboards and trampoline parks and our family dogs.
There is beauty in living small, but there’s also beauty in living big and the more space we have, the more we can grow our family and offer a piece of our home to others as well. We have big plans for our detached mother-in-law apartment and I’m thankful for every opportunity and blessing that has led us to where we are now. I know we call ourselves the Phillips Flips, but right now we’re just too flipping in love with our home and all the potential we’ve got. So hopefully you will love following along as we continue to flipping love and live in this home of ours.
When you find the house that holds your family with room to grow together, space to thrive independently and that extra something that reminds you that no walls or ceiling can hold back your potential, then you may have just found the house you shouldn’t flip- not because you can’t, but because who would want to? I know that it’s not the home you live in, but the people you share it with that really matter, but when you’re lucky enough to find the right space to share on top of it, each of those moments are infinitely more vibrant and you can live more peacefully with all the people (or animals) that make your house a home.
Photo Credit: Petal & Vine Photography -The good, high quality photos in this post set in our master bedroom were from my sweet friends over at Petal & Vine, but I added in a couple selfie’s and iPhone pictures too.