Below is a little bit about what my plan is. I don't really have any outright questions, just looking for as much input from as many people as possible. I consider that my life's moto is "A fool and his money is soon parted" and I am the fool. Since that is the case I'm trying to get as much input as possible so I don't do what I normally do and jump into head first.
I never like parting with large chunks of money. Heck I haven't been clean shaven in 5 years because I broke my electric razor and never want to part with the $100+ to buy a new razor. So now that I am looking at purchasing a Condo I'm really freaking out over that kind of commitment.
I'm not real close to making a purchase and in fact I need some time to reduce my ratio of used credit to available credit. Roughly looking at a year from now starting to get serious and within 18 months purchasing. Right now I'm using 70% of my available credit which is killing my credit score. It's not a ton of money so it shouldn't be to bad paying it down into the 20-40% range in 6 months or so. Heck with tax refund and a couple of year end bonus' I should be able to cut it down to well under $3000 total debt.
I am exclusively looking at Condos, while I house is a much better investment I am pretty sure I don't want the responsibility of mowing lawns etc. Right now there is a small Studio Condo in a nearly new semi upscale building right in downtown that is well below my price range. This is awesome but I worry about outgrowing it. When I look at other Condos that offer more space they are in older, outdated buildings that are in less than desirable locations.