For example, I recently bought a house for 200k. It might be the best thing you ever did.Īs mentioned already, Zillow does not include PMI, Insurance, and property taxes which will add around 20-30% to your mortgage. Moral of the story: look at all of the programs that can put you into a home of your own. Because of this, our overall monthly expenses actually decreased, even though the home's cost is significantly more than what we sold the condo for ( and a hell of a lot more than what we bought the condo for). We paid off all of our school loans, other debt, and still have some left over. We put 20% down on a nicer place than I thought I'd ever get into at this point in my life. We just sold it this past summer with an 80% ROI. It turns out, when we closed in September 2011, it was the lowest point of the downturn in our community. So even if we didn't make anything or lost some when it was time to sell, we would have lost money anyway on a crappy rental. We figured that even though the market continued to tank, rentals were terrible in our area. No money down, 30 year fixed with super low interest. We bought a condo with a USDA loan in 2011. The trick is knowing when you reach that point. ![]() Only call in a pro when you can look at something and see that it is beyond your ability to reach it. You may spend some money on tools and invest time in learning, as well as a little blood here and there (maybe some dignity such as when I put my foot through the ceiling from the attic. If you are putting in new plumbing then you may be required to have a plumber do that install (requirements vary) or an inspection done, at the very least.īottom line: Learn what is within your abilities to fix around the house. Throw in a roof with a steeper pitch and it can be dangerous, even lethal, for someone without the proper tools and experience. Asphalt shingles on a low-pitch roof are easy. Oddly enough, roofing is incredibly variable. Paying a professional is for someone who cannot do it (physical problems, time constraints) or who simply has enough money they aren't worried about it. I truly hope your house was 100% done right, but you've still gotta expect a few hiccups.īasic plumbing, such as replacing the plumbing on a tub are extremely easy to learn. The whole thing was being held together by the 1/8" grout lines between the tiles.Īnyway, we currently have no kitchen floor (we will this weekend this is all super recent) and are expecting the total bill for demo and replacement to be around $3500. Then they cracked, and we called in a tile guy who discovered that whoever installed the kitchen flooring had absolutely butchered the job, not even anchoring the Wonderboard to the subflooring and then using 7/8" of levelling goop beneath mastic that had been left to dry for so long that the tile couldn't even properly adhere to it. A couple months ago a few of the kitchen floor tiles started shifting and making grating noises when you walked on them. It's only now, two years later, that we've discovered that the kitchen tile was a bit of an afterthought slapped together when the investors realised they'd poured way more time and money into the house than they could hope to recoup. Literally everything had been gutted to the studs and redone: plumbing, electrical, insulation, walls, etc. Ours was a flip, too, and appeared incredibly perfect inside and out. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |