Home buying thread
- Thread starter Pasteton
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Khane
Got something right about marriage
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The same will happen to homeowners though, and everyone will always need a place to live. Rental prices didn't really move downward in 2008, and more people than usual suddenly needed to rent because they lost their home and their credit was destroyed. Rental properties are a lot more insulated from market collapses because of that fact.
People are going to take a bath no matter what, but I think the housing market is in a lot more trouble than the rental market.
People are going to take a bath no matter what, but I think the housing market is in a lot more trouble than the rental market.
Frenzied Wombat
Potato del Grande
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I don’t even want to think of all the problems those new construction homes will have. It’s like they are all built to fall apart at the 1 year mark now. Cheap Chinese lock sets dying, crap weatherstripping around doors/windows, floorboard gaps, settling carpentry gaps, hvac leak because it wasn’t hung properly, driveway cracks because they did t pour with rebar, you find out all the appliances were refurbs, window and door threshold leaks, the list goes on.
TJT
Mr. Poopybutthole
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No design options allowed anymore amigo. Outside of very specific shit like the 3 car garage I wanted.
TJT
Mr. Poopybutthole
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TheBeagle
JunkiesNetwork Donor
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Bought a new house in Northlake TX last week (a few miles from Texas Motor Speedway). 3/2, open floor plan, about 1,500 sq ft. Single developer neighborhood, Centex. $5k for cabinet/countertop/ flooring upgrade. They had three selections to choose from and we went granite/white cabs/grey vinyl wood floors/ivory subway tiles for the backsplash. We were the third house to sign in this development, really pleased with what we are getting. Prices increase $3k across the board for every 4 houses they sell. It's 1000x nicer than resales in the current market at our price range, $243k and we're out in the country. Good HOA; no rentals and no investors. I plan on running for a seat on the board once everything is settled. Construction starts in the next week or two, hopefully move in June. As a pool builder I hope to build my own backyard oasis next year. Pic of the model we got.
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So I am looking for opinions on what to do, and feel yall seem pretty informed and knowledgeable about things I am not.
My new job is taking me to Columbus, IN and its about a 1 1/2hr commute to my work if we stay in the Indy area, so that's not really possible.
We currently rent a home for around 1600 a month ( because we went monthly knowing my job situation just changed ) that's 2k sq feet. I am tired of throwing so much money away.
We have looked in Columbus for rentals ( there aren't any ) , so we started looked at buying a home. Everything that is in the 150k to 200k range seems to be old, run down homes that will need a ton of work, but we could get a new build for around 220k, so that's the direction we are leaning. We currently make about 120k year and would use a VA loan. On the flip side, there is a nice mobile home on a permanent foundation that's 1600 sq ft and only 77k, which would allow us a much lower payment.
We only plan to be in Columbus, IN until I can find a way to transfer back to TN, which is where we want to perma settle. Hopefully our time in Columbus is 3 to 4 years or less, before we can get out of there.
What would be the most sensible thing to do? Buy a new build for 220kish, buy a fixer upper for 180kish, or buy a nice mobile home for 70k and use that savings for our forever home in TN?
My new job is taking me to Columbus, IN and its about a 1 1/2hr commute to my work if we stay in the Indy area, so that's not really possible.
We currently rent a home for around 1600 a month ( because we went monthly knowing my job situation just changed ) that's 2k sq feet. I am tired of throwing so much money away.
We have looked in Columbus for rentals ( there aren't any ) , so we started looked at buying a home. Everything that is in the 150k to 200k range seems to be old, run down homes that will need a ton of work, but we could get a new build for around 220k, so that's the direction we are leaning. We currently make about 120k year and would use a VA loan. On the flip side, there is a nice mobile home on a permanent foundation that's 1600 sq ft and only 77k, which would allow us a much lower payment.
We only plan to be in Columbus, IN until I can find a way to transfer back to TN, which is where we want to perma settle. Hopefully our time in Columbus is 3 to 4 years or less, before we can get out of there.
What would be the most sensible thing to do? Buy a new build for 220kish, buy a fixer upper for 180kish, or buy a nice mobile home for 70k and use that savings for our forever home in TN?
Lanx
<Prior Amod>
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Lanx
<Prior Amod>
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is this your first home? my wife and i were in apts until we moved to ks, 3 states and we finally settled cuz honestly its stupid to rent in ks.
i say this b/c i had A LOT of learning to do my first year actually being a home owner (i lived in a house, but you know, it's different when you own it, and youre the man of it), my first year FOH helped a ton w/ a lot of first home owner questions.
It will be the first time owning a home. We rented one in Florida for 4 years, and then now in Indiana for 1. We have a little girl now, so apt isn't big enough anymore.
Lanx
<Prior Amod>
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so are you going to look at a home based on commute time, neighborhood or school zone? cuz that seems to be your big 3 imo
TheBeagle
JunkiesNetwork Donor
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Maybe it's different for VA loans but you can't finance a single wide mobile home, needs to be double wide.
TheBeagle
JunkiesNetwork Donor
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I like it. It's a clean look and goes well with the granite. Standard package was the brown cabinets, yuck.