Build your own?

Ok, so kinda a lot has happened since my last post...

We had the inspection on the house, and well, just to get it up to city code, it would be about $12,000. Which, essentially would jack the price of that house up to $200,000 without even doing any work WE wanted to do. So we withdrew our bid. Sad, but happy at the same time.

We started to get really antsy, because once we decided to back out of that house, the pressure was on. Our lease ends on October 6, so we'd REALLY like to be out by then to avoid going month-to-month, which generally is an extra $300+ per month... We looked for more houses, and it seems like the SECOND we found one, I'd get an email that it was under contract. Grr.

Yesterday we went driving around Green Valley Ranch to see if there were any houses for sale, and happened upon a new development. We walked though all of the model homes, and are pretty sure that we're going to just build a house!! YAY! We get to completely customize the house, floor layout, cabinets, countertops, carpets, cutouts, wall colors, EVERYTHING basically, and all for about the same price as if we bought a house that was built in the 80's. The only problem is that it takes 4-5 months to build the house, so we wouldn't be able to move in until the end of November... so we'd have one-two months of month-to-month... but i'm thinking that it might be ok because in every other instance, the first two months of a mortgage are "free." So if we could manage to move in on Dec 1, then we wouldn't have a house payment for December or January.

So that's what's going n with that.