Buying a Home at 19: Taylor's Mortgage-Free Cottage

Questions and Answers

How old was Taylor Henderson when he bought his own house?

19 years old (correct)

21 years old

18 years old

20 years old

What was the original plan of Taylor Henderson when he first saw the house?

To rent the house and live there

To buy only the garage and renovate it (correct)

To demolish the house and build a new one

To buy the entire house and renovate it

Why did Taylor Henderson have to build the house as a new build?

Because the house was too big

Because the house was too old

Because he wanted to make it more modern

Because he relocated the house out of the district (correct)

What was the condition of the house when Taylor Henderson bought it?

It had 30 years of neglect and rot Signup and view all the answers

How did Taylor Henderson come to know about the house?

He drove past the house and saw furniture on the side of the road Signup and view all the answers

What was Taylor Henderson's age when he was interviewed by Checkpoint?

22 years old Signup and view all the answers

Why did Taylor Henderson not need to take out a mortgage on the house?

Because he had saved enough to buy it outright Signup and view all the answers

Why did Taylor Henderson decide to relocate the cottage to Featherston?

Because of his choice of lifestyle Signup and view all the answers

Why did Henderson move the cottage out of Lower Hutt?

He felt the house didn't fit in with the local character. Signup and view all the answers

Which of these statements accurately describes Henderson's parents' involvement in the project?

They offered advice and physical assistance. Signup and view all the answers

What challenges did Henderson face in restoring the cottage?

He struggled to find information about the cottage's history. Signup and view all the answers

What aspect of the cottage's location does Henderson find particularly appealing?

The rural setting and lifestyle. Signup and view all the answers

Which of the following is NOT a source Henderson used to find furniture for the cottage?

Local craft stores. Signup and view all the answers

According to Henderson, what makes his cottage's lifestyle unique?

The off-grid living. Signup and view all the answers

What is Henderson's primary motivation for restoring the cottage?

To preserve its history. Signup and view all the answers

What is the main reason why Henderson finds it difficult to learn the history of the cottage?

The lack of records kept by early settlers. Signup and view all the answers

Study Notes

Home Ownership at a Young Age

19-year-old Taylor Henderson bought and renovated a character cottage in Lower Hutt, now relocated to Featherston.
He used his years of savings to buy the cottage mortgage-free.

The Discovery

Taylor found the cottage while driving to work, noticing furniture on the side of the road and an open garage.
He met the owner and decided to buy the cottage instead of just the garage.

The Renovation

The cottage had 30 years of neglect and rot, requiring a complete rebuild.
Due to relocating the house, Taylor had to build it as a new build, resulting in a 200-year-old house rebuilt to last another 200 years.

Financial Planning

Taylor saved enough money from working and his building apprenticeship to buy the house without a mortgage.
His parents helped him save his pocket money since he was three years old.

Lifestyle Choice

Taylor chose to relocate the cottage to Featherston for a quieter, country lifestyle with a larger block of land.
He has sheep and chickens roaming around the property.

Family Support

Taylor's parents were very supportive of his decision, offering advice, guidance, and physical help with the renovation.

Historical Significance

There is speculation that the house is the oldest in Lower Hutt, built by one of the first settlers.
Taylor has been in touch with a historian to date the house and keep the renovation historically accurate.

Furnishing the Cottage

Taylor's parents inherited heirloom pieces of furniture for the cottage.
He also found pieces online to fit the cottage's style.

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Description

Taylor Henderson shares his story of buying and renovating a cottage at the age of 19. He used his years of savings to buy thecottage mortgage-free and renovated it himself. https://youtu.be/mgr30MlYs54?t=107