Tacoma747
Well-Known Member
- Joined
- Mar 20, 2005
- Location
- Winston-Salem
Well, I am now engaged (end of June). Planning on getting married in May. So we have been looking for a house (or place to live).
Personally, I think it makes more sense to buy something, in a good part of town (near where I live now), even if it is small. I figure we can buy something, have a monthly payment of ~$700-$800/month, and then 5-10 years down the road sell and get something bigger.
Se wants to rent something for a few years, then buy something. This makes no sense to me, seems like it is throwing money down the drain... Buy something, propery normally appreciates in value, so when it comes time to sell it should be worth more???
Renting for me would have to be a HOUSE, she thought of a townhouse or something, but I and not a "subdivision" type of person, don't want to deal with any HOA crap or fees, and want a garage to park my truck in.
I found a nice house VERY closeby for $124K, with a 3 car garage, and a little over an acre of land... It was built in 1952, has a new roof (04'), and new heat pump. The only thing she doesn't like is the bedroom is small (SMALL, probably 11x13?). It has two bedrooms (small ones), and a huge bedroom upstairs (full length of house, basically a finished attic), only problem is you gotta walk in the center of the room (at least I do ) Has a nice deck, flat property, and a nice detached garage. Oil heat, and the upstairs would need a window unit for extra A/C, comes with a 1 year warranty.
Just doesn't make sense to me to spend $700 or whatever/month to rent something, when you can spend the same amount and own it, then sell it to get something back out of it when the time comes, AND not have to worry about HOA fees, where to put my truck , and crap like that.
Opinions appreciated. Thanks
Personally, I think it makes more sense to buy something, in a good part of town (near where I live now), even if it is small. I figure we can buy something, have a monthly payment of ~$700-$800/month, and then 5-10 years down the road sell and get something bigger.
Se wants to rent something for a few years, then buy something. This makes no sense to me, seems like it is throwing money down the drain... Buy something, propery normally appreciates in value, so when it comes time to sell it should be worth more???
Renting for me would have to be a HOUSE, she thought of a townhouse or something, but I and not a "subdivision" type of person, don't want to deal with any HOA crap or fees, and want a garage to park my truck in.
I found a nice house VERY closeby for $124K, with a 3 car garage, and a little over an acre of land... It was built in 1952, has a new roof (04'), and new heat pump. The only thing she doesn't like is the bedroom is small (SMALL, probably 11x13?). It has two bedrooms (small ones), and a huge bedroom upstairs (full length of house, basically a finished attic), only problem is you gotta walk in the center of the room (at least I do ) Has a nice deck, flat property, and a nice detached garage. Oil heat, and the upstairs would need a window unit for extra A/C, comes with a 1 year warranty.
Just doesn't make sense to me to spend $700 or whatever/month to rent something, when you can spend the same amount and own it, then sell it to get something back out of it when the time comes, AND not have to worry about HOA fees, where to put my truck , and crap like that.
Opinions appreciated. Thanks