Bat in rented house - what should tenant expect
Lyndee Lee
5 years ago
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5 years agohazelcraddock
5 years agoRelated Discussions
What should I expect?
Comments (8)We are currently building our new home and one thing I have learned is to not freak out over time frames. Our house builder said it normally takes them around 4 months to complete a home. Right now we are on track for at least a 5 month build (if not longer). We are building in the dead of winter so weather has become a factor several times. It is VERY hard to see nothing happening AT ALL on our house for a whole week, but in the end it has just been too wet, windy, cold, or a combination of the three. So if you get behind in your schedule, just RELAX and think you would rather have them do it correctly as opposed to quickly. Also as someone else said, try VERY hard to have most things picked out ahead of time if possible. We had allowances for lighting and appliances and kitchen cabinets, we went WAYYYYY over on all three so are now paying that out of pocket. No big deal, we had the money in the bank, but will just have to have a smaller down payment when we move from a construction loan to a mortgage. So try to have a pretty solid idea of what you want ahead of time if possible. Most importantly BE patient, and scrutinize every last detail and don't let your builder/designer talk you into something you don't want just because it is easier for them. Hope that helps!...See MoreShould I buy earlier than expected, or keep renting?
Comments (20)And, sparksals, we definitely will not get into a house just so we can stop paying rent. I'm VERY picky, and it might be awhile before we find something that suits our needs. But, I think it's better to start sooner, rather than later, based on everyone's advice. It took me 7 months to find a house. I walked about 50 or so used houses, then every new housing community in 3 counties, which was a good 100 houses. We drove by others and ruled them out due to location. Well, I HATED renting. I hope never to have to go back to renting. Ever. I hate it! I hated sharing walls with others, hating putting up with others' noises, hated padding my landlord's pocketbook, hated not owning a piece of the American pie. So I'd be inclined to buy sooner, rather than later. But I agree that you should not rush into the single largest financial investment of your life. Take your time, look around, get a good handle on pricing, find a good loan, find a good realtor, etc. I grew up on the bottom floor of a 2 family. It helped my dad get the American Dream. The problem was, the house was original when he sold as he came from a poor country and did not believe in "wasting money" to update as everything worked, nor did he have a lot of time to do things due to working 5-7 days per week. Your husband is still in school, and the real estate market is not at the bottom yet. We just kept renting until my husband was finished with school. It kept the pressure off him and let him graduate. Owning a home is more than just the difference in payments--if a leak occurs, you or your DH have to fix it. Depends on where the OP is. Some markets did not have an increase so it may not matter if they wait to buy. After what I went through, I would get out there asap. There are a lot of houses for sale in most parts, it takes time to cover them all. Yes, owning a home everything falls on you. With my truck driver hubby, something always happens the rare times he drives the roads. I've dealt with storms & tree branches as well as not having water due to the softener being clogged. A few months ago we put out $7,000 on a new furnace. Not knowing what you can buy for the amount you are looking at, decide if you want an updated house or good mechanicals like newer roof, furnace, upgraded electric, central air, etc. I know someone that purchased a house they did not move into until 6 months after buying it as it needed floors redone, the master redone plus other cosmetics. The master had been torn apart by the original owner, so this was a must for them to live there. They then moved in to have all sorts of mechanical problems, water heater, electric. I see a heating/cooling truck there now, don't know if they are fixing something else or doing central air. I can't stress enough to sign up on every site you can find, even the local smaller sites to get email updates. One site gives addresses in the emails where it may not say so in the listing. This site has been very helpful to me. Good luck. It's a good time to buy a house in most areas....See Morefeeling bad about buying a house that has tenants
Comments (19)I'm interpreting your question a little differently: Are rental properties usually bought with the intent of continuing as a rental property, or to become the new owner's primary residence? Is that what you meant to ask? Yes! Thank you! I understand that the last thing we want to do is buy a house with tenants who have months remaining on the lease, and we want to look at the lease before we make an offer. I'm a renter, for heavensake, I know what rights renters have in my state. I want to know: do most of these "investor's specials" actually get bought by people who want to be landlords, or do they usually get bought by people who want to inhabit/flip the property? AND, when they ARE bought by investors who want to be landlords, do those investors usually want to keep the current tenants (as I had imagined) or do they usually empty the property and start fresh? Nosoccermom: I'm just thinking ahead in general terms. Ethically I need to decide whether I'm okay with looking at properties with renters at all (there are a few generally possible-looking ones we've come across) and then of course I need to look at each specific property for the specific tenants and lease involved. It's very important that we find a house we like and can afford because this will be our family's new (only) home -- we've been living in a place we hate for years and are overjoyed to be able to move....See MoreNeighbor is going to rent, should we be concerned?
Comments (19)Is the neighbor's house paid for? I know you probably have no idea, but maybe you can present an option like this... Can we move mom in, rent free, and we'll work to fix up the house over time agreeing to no more in repairs than $X per month (and, it'd be low, because you'd likely be diying it, and therefore contributing labor free). Anything more than that, and she'd have to pay for the fixes (something major came up). There are costs with renting. If the house is in disrepair, she is probably not going to have the funds to call (from out of state) a plumbing company to fix the clogged toilet, sink, etc that will inevitably occur, but which you, if you were the renter, would be able to easily fix. If she has no income to pay for those repairs, she won't have a paying renter for long. Maybe this would offer her a solution (though, you'd want to make sure she isn't having to pay a mortgage, because she wouldn't be getting income from you for rent). But, this way you can also help fix up the curb appeal and interior, so when it is time for you to move out/on, your house will be more attractive. I have no idea if this is possible, but with all the stuff you've done to your house it would seem possible that you might be able to "take on her house" for a year or 2......See MoreJenn TheCaLLisComingFromInsideTheHouse
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