Buying a house with BTC
Roy Fernandes
4 years ago
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lafdr
4 years agoRelated Discussions
Buying home, lower cost or more expensive house.
Comments (14)It does make sense to get what you want but I do believe you can find a house in the lower price range that you would be very happy with. I don't think you have to compromise and buy a house you absolutely hate! Look for a house in a cul de sac. You get more privacy and more land (most of the time). Look for a house in an older subdivision. It's going to take a lot of getting out there and looking! Sure, you can make an extra payment or send a little extra in each month, but in reality, how many people who say they are going to send in that extra money ACTUALLY do it? Have you thought about how expensive child care is for the future little one(s)? Consider the "what ifs" like if your child was sick a lot and your wife had to give up her job to take care of your child? The big question to ask yourself is can you make the house payment, car payments and all the other bills just on your salary?? Don't most moms like to stay out of work with a newborn for at least six months or longer? If it's imperative that you MUST have two incomes EVERY month, then I would go with the lower mortgage. If you have everything tied up in a higher house payment, it's less vacations you can enjoy, less cruises! Don't forget to figure in $400-$500 a month for child care. Don't stretch your budget so much that you would be living/working only to pay the bills with no freedom to enjoy the important things like a cruise to Alaska! I guess I just think of all the foreclosures that are in the millions, and I wouldn't want this to happen to you....See MoreBuying an old house vs a newly built house
Comments (16)We are on our 5th house, three were brand new, one was old, and our current house was three years old. There are trade offs in every decision. Brand new houses have no maintenance, but they do involve expenses to put in a water softener, window coverings, landscaping. A brand new house can have some mistakes. Our second house didn't have duct work to one of the bedrooms. They forgot! The nice thing was, with a brand new build, it came with a warranty and all that little stuff was fixed for the first year. While I disagree that all new builds are shoddily built, that one was, but it was priced as such, and what we could afford at the time. With the old house, we had had problems with plumbing and electric, it had an old furnace that had oil heat when every other house had natural gas, and wasn't in the best neighborhood. It didn't have a lot of amenities, not even a dishwasher. It also came with costs to update decor as well as infrastructure, and even with the money we put into it, it was a beast to sell. Older homes generally don't have the features we like. Both Mr. Hammer and I enjoy having a master bath. I don't want to go down the hall to the bathroom in the middle of the night. Master suites are more common in new builds than old. I also like first floor laundry and a mud room, and Mr. Hammer insists on not only an attached garage, but a three car attached garage, other things that are unlikely in old builds around here. I want to add that we are in a time in our lives when we are very busy with family life with kids growing up. Someone said 10 years go by quickly and you need maintenance on a new build, but if you are putting braces on your kid and paying doctor bills for those 10 years, that grace period is a blessing! I am the happiest with our current house, which was 3 years old when we bought it (family was relocating). They already did all the initial costs of putting in landscaping, window coverings, the water softener and upgraded the appliances. They even put in a raised garden bed and storm doors on both the front door and the door leading to the garage. We also have the newest thing around here, a covered patio. It is wonderful! Although frankly, I think we have more things we love in our home because we paid for it. We are in a much different financial place than we were when we bought that shoddy new build with a blacktop driveway and no heat to the baby's room. What amenities I have now, I paid for them!...See MoreHome Warranty Plans--Should we buy one on a 11 year old home?
Comments (6)The sellers of a place we bought a few years ago as a second home were devout home warranty insurance customers - so they told us. They included a one year policy with our purchase. About 6 months into our new ownership, while washing pots, water started running out of the kitchen sink cabinet and onto the floor. I turned off the water, opened the door, and saw water freely running out of the bottom of the garbage disposal. OK, I thought, fair enough. The place is 20 years old and the unit looks to be original. Need a new one. I started flipping through Yelp to find a plumber and remembered the home warranty policy. I called the company and they gave me the name of a plumber to call. I called and learned that there were no appointments available until the same day next week, 7 days away. I said something like "Are you saying I need to wait a week to get this fixed and be without a kitchen sink?" and the response was "No, we won't fix it on the first visit, we need to determine the cause of the leak. After that, we'll schedule another appointment to come fix it". I hung up, found a plumber who showed up the next morning with a replacement unit in hand and fixed it. I think it was about $225 parts and labor in my high cost of living area, which I thought was quite reasonable and I gladly paid, Which experience would you prefer having?...See MoreI’m buying a house that has tongue and groove paneling everywhere…wall
Comments (2)You will need gallons of paint stripper, and in the end, the paneling may not be worth redoing. Unfortunately Its like the brick houses people paint. They can never be the same again. If the painted paneling bothers you that much, maybe it is the wrong house for you. In any case, it will probably take months, if not years, to get it all stripped....See Morejlhug
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