Well, I started looking almost 6 months ago, but I've finally found a home to purchase. Its a 3 bedroom Cape house, very close to my job. I'm obviously pretty excited about this; I was fine with renting, but it wasn't really making sense financially any longer, as rent of my 1 bedroom apt isn't much less than the total of mortgage/taxes/insurance. Plus, rents are probably going to continue to increase yearly here, while my mortgage is fixed. You could make the argument that I could move and try to find something cheaper, but this will be my 3 move in the past 3 years; I'm kind of tired of moving.
|This isn't the actual house, but it looks pretty close. An actual picture coming soon!|
You might be wondering, where does this leave my dividend investing? Well, first of all, no shares of stocks were sold to pay for any house-related expenses, as I have been saving for this for a while. Second, dividend investing is still going to be an important part of my investment strategy (probably even more so now), as I have taken on quite a bit of debt and need to "diversify" some away from relying predominantly on my income from work. That being said, I imagine that I'll probably have to do a bit less dividend investing in the short term as I look to also pay down my home some. I will say though, that I have some fresh capital in my account that I'm ready to use soon... stay tuned!