What a difference for our future a few weeks can make.
Chad and I have been planning on building a house for some time now, and while we are still on a two- to three-year plan for actually moving, we have been casually looking at properties (empty lots) for some time now. We had several in mind: First, we considered half-acre lots in Wexford Commons, a newer subdivision in Danville. Then we were drawn more and more to Woodfield on Washington, an older community in Danville that still has a few empty lots but also has another entire section set to open sometime in the future. We had considered (ever so briefly, for me) finding a random plot of land in the country, too, but for various reasons (lack of city water and lack of neighbors, for two), I just couldn't see myself living completely outside of a subdivision. So until a couple of weeks ago, we had decided to wait things out, to see if and when Woodfield opened its third section and to see if anything fell into our laps that we couldn't live without.
And that's exactly what happened.
On March 10, a Tuesday, two weeks ago today, Chad was driving home from work and drove past a sign announcing a couple of acres for sale. We drove out there that night to see it, and we knew almost instantly it was where we wanted to live for the rest of our lives. It has everything going for it: It's close to town, there will be neighbors when all is said and done, it is surrounded by residential property (so no industrial parks or dense residential neighborhoods/apartments/mobile home parks or worse will spring up in our potential back yard any time in the future), and it is secluded from the hustle-and-bustle of traffic and noise. It is bordered on one side by a creek, on two sides by trees and on the fourth side by a cornfield that has already been platted for a nice neighborhood. The developer raves about the deer and wildlife he sees out there regularly, and we could actually hear birds and — gasp! — silence in the middle of a weekend day. (At our current house, all we hear is the constant traffic of the nearby US highway.) It's beautiful. And it feels like home, even without a house on the property!
We dug a little deeper. The price turned out to be nearly twice what we had planned to spend, but we would be getting more than five times the amount of property (depending on how you look at it, another story for another day). And this subdivision doesn't require land owners to build within a year, like every other property we've considered before has. So we can sit on the property and pay it down long before we decide to build — perfect for our two- to three-year plan. Another benefit to that is not feeling like we have to rush along the way. We'll be able to take it easy and go one step at a time. Neither Chad nor I, after all, can afford to take on too much more stress right now.
Ah, stress. That's where we are now. We don't even officially have the property, and it's stressful.
Why? Only three days after seeing the land for the first time, we applied for a loan at a local bank. I guess I was naive in thinking we would have an answer quickly, much like we would if we were applying for a loan for a car. (And I think when we applied for the loan for this house that we didn't have to wait long, if at all, either.) Not so much. We just found out yesterday (a week and another business day after the application) that we were approved for the loan, but the extension in the amortization that we had been pulling for would not be approved for another week. Then today, more news of waiting. It has been delayed again. So we will wait yet another week. (Seems everyone and his brother is refinancing houses right now, and the mortgage department is swamped.)
We want to go about things the right way, so we are waiting to make an offer on the land until we know for sure we can afford it. (Logical, I suppose!) And while we could technically afford the loan as it was presented and approved for us, it means we would have close to nothing left to save toward building the house. Not good. I don't want to live in this house another 10 years! So as much as we really want that lot, we might have to take our chances and let it go until we can save enough to be able to afford the current loan as we were approved. I am still hopeful that we won't have to, but it will be almost two more weeks (UGH!) before we know for sure.
So we wait. I try to be patient with most things in life, but I'll tell you, it's stressful. To think we know where we want to live, (we even know what could be our next and final address!) and that we are this close (picture my thumb and pointer finger about a cm apart) to getting it — but that at any time, someone else might sweep it out from under our feet — is completely nerve-racking. And because this is a small town, and there aren't tons of lots available here, and someone I know and/or who reads this blog could very well be eyeing the same property, well, I need to not share too many more details about where it is or what it looks like. I'd really hate to lose it to someone I know! :o) We have lots of pictures, though, and as soon as I'm confident it will be ours, I'll be sure to share! Until then, I'll pray hard for patience, and I'll have to accept that if it doesn't happen for us, God must have another plan. But boy, that's hard to remember in a time like this!
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Our future house has been on our minds a lot, lately. And I use this blog as a journal of sorts for my own personal well-being — as well as for sharing info with our out-of-state relatives (hello, Dad, Anita, John, Colette, Seth and Sheryl - if you're reading this!) and friends (there are several of you), and in-state relatives and friends. So bear with me as I am likely to share more details about our house-building project over the coming years than you probably ever cared to hear!