Browse Forums Building A New House 1 May 01, 2013 2:15 pm Hey all,.
I am getting married in October wedding is about $15,000 - yet we have enough money saved now for a deposit on a house. So wondering what would you do buy the house first or pay of the wedding. We both have full time jobs and make good money.
Re: Wedding or house 2May 01, 2013 2:18 pm I would get the house and go with a smaller wedding that costs less. I got married in 2003 and we lost count at $22,000. Yes it was a nice day and we had a good time, but to be totally honest I think it was a waste of money. Thinking back now, I would have rathered a cheaper wedding and used the rest of the money to put more money on a house. Modified Fernside 38 Rawson Homes Blog: http://www.thehousethatmatandjenbuilt.blogspot.com Build Thread: https://forum.homeone.com.au/viewtopic.php?f=31&t=60501 Re: Wedding or house 4May 01, 2013 2:55 pm I agree with previous posts, a house last a lifetime, a wedding last just for one day then its only a memory to remember. Re: Wedding or house 6May 01, 2013 3:01 pm Dont 'waste' money on the wedding. A friend of mine spent over 30k on his wedding because they had to please the parents and inlaws. My other two friends learned from the mistake and spent 2k and 5k for their weddings. One in the registry office and the other just church and then a booking to a restaurant. Everyone ordered what they wanted (about 40 people) and loved the food and desert. 10 times better than any reception food! Used the money saved towards the house. Re: Wedding or house 7May 01, 2013 3:05 pm My partner and I have been engaged for nearly 2.5 years. We are building the house, the wedding will happen eventually but I can just think of so many other ways to spend that kind of money. If we knew someone with a big backyard we would be having a backyard wedding with a BBQ or spit roast. I have been to weddings that have cost from $5000 -$25000+ and I enjoyed them all because I was celebrate two friend celebrating their love. I don't think the people or the couple at the $25000+ wedding enjoyed themselves 5 times more then those spending $5000 and those spending less havent spent the next two years paying it off Re: Wedding or house 8May 01, 2013 3:08 pm Definitely a house - for a few reason - financially it is a sound investment. Also, if you plan on getting married then building a new house will definitely test your relationship! LOL! Esp if you both have different tastes! Building with 101 Residential in Falcon. Re: Wedding or house 9May 01, 2013 3:18 pm We've been engaged since August last year and will be building our house late this year. Just yesterday we settled on November 2014 for our wedding. Seems relatively straight forward but we went from May the 4th, 20-something of August and now November so we can set ourselves up in our own home (no more renting!) and give us time to save for the next milestone - our wedding! Looking to spend about $10k on our wedding too but can budget for it Build thread: viewtopic.php?f=31&t=63784 Re: Wedding or house 10May 01, 2013 3:19 pm We spent about $23 - $25k on our wedding day. Beautiful day and i wouldnt trade it for the world... or a cheaper wedding. It was the day i dreamed of and I can honestly say I probably would have regretted doing anything smaller or less than what we did. But that is a personal choice and NO ONE can tell you if its a waste or if it's what you should do. These things are all relative to the people involved... However, we could have waited a year or 2 and still had the same wedding, but already be in our house and probably have bought the land for bit less than we have now! It also depends on how quickly you save money too. If you can pay for your wedding, then quickly bounce back and have similar savings in another 6 months, then it wont matter really. If, like some people it takes a long time to save a deposit/wedding type amount of money, then maybe think about going the house option first. Thread: viewtopic.php?f=31&t=66299 Slab: 16/6/14 Frame: 4/7/14 Roof: 22/7/14 Lock Up: 20/8/14 Fixing: 26/8/14 PCI: 9/10/14 Handover: 20/10/14 Re: Wedding or house 12May 01, 2013 3:27 pm Quote: However, we could have waited a year or 2 and still had the same wedding, but already be in our house and probably have bought the land for bit less than we have now! Very true. We bought our land April last year and it was $220,000. Same size land in the area now is $260,000. By putting off purchasing a house/land or building may cost you more as prices do increase over time. Modified Fernside 38 Rawson Homes Blog: http://www.thehousethatmatandjenbuilt.blogspot.com Build Thread: https://forum.homeone.com.au/viewtopic.php?f=31&t=60501 Re: Wedding or house 13May 01, 2013 3:47 pm I agree with most of the others. We had a $20,000 wedding in 2011, and I'm not going to say I regret anything, but I really wish we had thought it through more, because thinking back, I agree that a house is more "important" (as in a bigger investment), and a wedding is what you make of it no matter the money spent. I wish we had been cleverer with our money, and yes, I wish we had bought a house first and then saved up for the wedding, because once you start spending money on a house, it puts things in perspective in terms of what is worth spending money on and not. Even though we probably have enough savings to have the same wedding now as we did in 2011, I don't think we would spend as much on it, because we've just come to realise that other things are more important. I'd rather spend the money on an investment property now rather than a big fancy wedding! Settlement: 10.02.13 Slab: 06.03.13 Frame: 08.03.13 Lock-up: 05.04.13 Handover: 03.06.13 Build thread: https://forum.homeone.com.au/viewtopic.php?f=31&t=59555 Brisbane Photography Re: Wedding or house 14May 01, 2013 4:16 pm A house is a tangible asset of which you have something to show. A wedding comes and goes once with little to show for it after. Building a Delta 21 at Craigieburn - http://homeofzero.blogspot.com.au/ Deposit: 26/02. Contract: 22/05. Settlement: 29/05. Site start: 18/10. Re: Wedding or house 15May 01, 2013 4:37 pm deluxes We spent about $23 - $25k on our wedding day. Beautiful day and i wouldnt trade it for the world... or a cheaper wedding. It was the day i dreamed of and I can honestly say I probably would have regretted doing anything smaller or less than what we did. But that is a personal choice and NO ONE can tell you if its a waste or if it's what you should do. These things are all relative to the people involved... Agree with the above. We got married in October 2010 and indeed we did spend money we otherwise could have used for our house. But I am glad that we did it this way! Now May 2012 we have our block, or as soon as we receive our titles, house will follow shortly after. Just my 2 cents, but would so do that wedding again. Less pain to get it organised compared to the build of a house Re: Wedding or house 16May 01, 2013 4:53 pm DoubleDutch deluxes We spent about $23 - $25k on our wedding day. Beautiful day and i wouldnt trade it for the world... or a cheaper wedding. It was the day i dreamed of and I can honestly say I probably would have regretted doing anything smaller or less than what we did. But that is a personal choice and NO ONE can tell you if its a waste or if it's what you should do. These things are all relative to the people involved... Agree with the above. We got married in October 2010 and indeed we did spend money we otherwise could have used for our house. But I am glad that we did it this way! Now May 2012 we have our block, or as soon as we receive our titles, house will follow shortly after. Just my 2 cents, but would so do that wedding again. Less pain to get it organised compared to the build of a house Exactly. Some people are happy with a $5000 wedding. Some people are happy not to get married at all... some wont spend less that $50,000! I dont think I should point fingers at anyone and tell them whats a waste and whats not. Its perspective. And we are all different! What is a waste of money to some, its everything to another. Same as hoildays, cars, furniture, TV's etc. We all spend money on things that our neighbours and friends wouldnt and vice versa. Getting back to the original question... Yes, a bricks and mortar investment is the wisest choice first, 100% agree and in hindsight we should have done it before the wedding... I think the question that was being asked is which one FIRST? Not, how much they should actually spend on their wedding when they do do it... that's a personal choice Thread: viewtopic.php?f=31&t=66299 Slab: 16/6/14 Frame: 4/7/14 Roof: 22/7/14 Lock Up: 20/8/14 Fixing: 26/8/14 PCI: 9/10/14 Handover: 20/10/14 Re: Wedding or house 17May 01, 2013 4:58 pm Heh...my preference would be based on my experience of being married twice. One wedding was done cheap, the other all out. Don't regret a cent of the expensive one. The cheap one...always regretted not being able to spend more on it. Cheap photos, cheap honeymoon, cheap cars, it was a regret I lived with and even now look back on and wish I could have put more money into it. It was a nice church and a nice reception venue (that I got a great deal on as I worked for them as a DJ) but when you get a cheap photographer to cut costs, you get cheap photos and an album of proofs you just shove in a drawer because, well, they look cheap. Probably choosing a one eyed photographer didn't help... hehehe I'd do the expensive one again in a heartbeat...great photos, could invite more people, amazing wedding cars, over the top hotel suite, and a honeymoon in Fiji. Ultimately it's what is important to you. Nobody can tell you what you should do. Finances should play a part. My first wedding was cheap because that's all I could afford. My first house was a fixer upper but in a good area and a sound investment ultimately. It served me well for 13 years. My second wedding I was in a much better position financially so it didn't really matter. Completed a knock down and rebuild in northern Melbourne. Handover completed 27/09/2013 and now moved in. Re: Wedding or house 18May 01, 2013 5:01 pm Quote: I think the question that was being asked is which one FIRST? Again I would say wedding..... With our age is had to be the wedding first (41 and 35, at the time). Yes we are a bit old for our first home, but I must admit it is my second one, just the first one in Australia. Gosh I love a nice wedding, and indeed price range is up to the couple. Re: Wedding or house 19May 01, 2013 5:13 pm House. You can still have a giant wedding if you want to, just a bit later. The housing market goes up and down, interest rates change, bank rules and fees change - so if you can get a house now, I would. We brought our house and got married three years later. We spent $20k on our wedding and another $10k on the honeymoon. Just because you buy a house doesnt mean you have to go without these things! We just saved and did it all a bit later. - MrsT Brought first house in 2008. Renovated...a LOT. Built in 2013. Our thread: viewtopic.php?f=31&t=67954 Re: Wedding or house 20May 01, 2013 5:19 pm I guess it depends also where you are in your life? After my wedding which we did it on the cheap, i said that I would recommend to anyone 'go overseas with close family and friends' On sunrise today, they said that a new study show that the average cost of a wedding is $55K that crazy. I think people are forgetting about the real reason behind 'marriage' and focus on 'wedding' You’re on the right track, wire brush in a grinder then a zinc rich epoxy primer then a top coat of some sort, like a waterproofing membrane. Raising the concrete would… 1 7020 How good is Simeon?! Always taking time to help others out! Wish we were building in NSW and could work together. Thanks for all that you do! 7 6550 Really tight at the top of the stairs- how to get furniture into those rooms? Study books - does anyone really use them these days? Large storage closet would be more functional. 2 6882 |