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

    <p>It had 30 years of neglect and rot</p> Signup and view all the answers

    How did Taylor Henderson come to know about the house?

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

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

    <p>22 years old</p> Signup and view all the answers

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

    <p>Because he had saved enough to buy it outright</p> Signup and view all the answers

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

    <p>Because of his choice of lifestyle</p> Signup and view all the answers

    Why did Henderson move the cottage out of Lower Hutt?

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

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

    <p>They offered advice and physical assistance.</p> Signup and view all the answers

    What challenges did Henderson face in restoring the cottage?

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

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

    <p>The rural setting and lifestyle.</p> Signup and view all the answers

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

    <p>Local craft stores.</p> Signup and view all the answers

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

    <p>The off-grid living.</p> Signup and view all the answers

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

    <p>To preserve its history.</p> Signup and view all the answers

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

    <p>The lack of records kept by early settlers.</p> 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

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