looking to buy a new built house....recommendations??
- Thread starter chris82
- Start date
TIGERLILY- Nobody is worked up. Please re-read the title of this post for information on what this topic is actually about. Thanks for the bump.
Crabcake- I don't have doubt but there is always a chance of not making it. But wouldn't signing papers when buying a house, such as that of a prenup, be kind of a smack in the face of the other party involved. I would take offense to that if someone that supposedly loved me did that to me. Opinions on this?
DoWhat- Her mother is awesome, that was the first thing I looked at when we starting dating....
Crabcake- I don't have doubt but there is always a chance of not making it. But wouldn't signing papers when buying a house, such as that of a prenup, be kind of a smack in the face of the other party involved. I would take offense to that if someone that supposedly loved me did that to me. Opinions on this?
DoWhat- Her mother is awesome, that was the first thing I looked at when we starting dating....
nomoney
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chris82 said:There is a chance that it will turn into a mess if we do end up not making it. I completely realize that and this could be the determining factor in that. But at the same time I feel that there is that same chance of being married and having to go down a sloppy divorce road. There are so many variables that it is hard to even imagine doing this to begin with but I can't deny what I want and who I want it with. I'm trying to weigh all the options but I want to live together before I get married so that I don't have something that I'm not sure of after I'm married. And i'm not going to be married and living at home....something about that bothers me.
oh; so you're not even living together with her yet?? and you want to buy a house with her?
so not only will you have the pressures of a new house-you'll have the pressures of seeing her take a crap for the first time and her biatching at you for not cutting the grass........
(just something to think about) I lived in an apartment with my hubby before we even thought about buying a house.....I at least knew then that the house we bought had to have his own room(not bedroom); so I could lock him in it every now and then and get some peace and quiet.
We have experience living together. We lived together for a few months when she was having problems at home....and that wasn't a big deal. Its not as though we haven't....just not for extended periods of time. I'm pretty used to the complaining that she does now. But yes the house we are looking at is three stories so the basement will be my venting grounds. There are going to be some tough times getting used to everything...im positive of that. I know this is a big step, we both have talked about it so much it makes my ears bleed but we both want to make sure that we are comfortable getting into this situation.
nomoney
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chris82 said:
while looking to buy you should definantly consider getting into a month to month lease somewhere. That way you get used to paying the rent every month; figure out how much extra the mortgage vs the rent is going to be and put the extra in the bank-just to get used to the strain right off the bat......
you'll get used to her that way too :shrug: it wouldn't hurt-I mean none of this stuff you're talking about will happen over night anyhow
Very true. This isn't going to be something that happens in the next month or even in the next six. If we get the house we are looking at it won't be finished until next summer sometime. I'm just trying to get my ducks all in a row and get some advice at the same time. I have thought about the apartment thing alot actually. But after looking at the price of apartments it isnt' much cheaper than buying a house. Still a possibility though, although I hate the thought of spending money on rent and getting nothing in return for it.
workin hard
Icebox
Honestly I would go into the whole renting situation. Just because you never know what may happen when you guys do decide to live together. There are people who just can't live together.chris82 said:
What you are getting in return for renting is the experience of living together and dealing with each other. No dollar amount can be put on that. You also get used to paying rent and bills ( not that you don't have bills now) but paying nothing and then going and paying a mortage payment takes quite alot of adjustment and I really think renting would help you ease into the situation of a mortage and living together.
men 
Vince
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Your relationship is yours. Houses. Do's and don't's. Don't do an ARM. There are plenty of mortgage companies out there that will give you a good rate on a 30 year fixed. Don't buy more house than you need. A starter home will do, and with upgrades you can sell when you're ready and still make money. Then you can buy another to fit your needs.
trying to find an older house for the same money as the one we are looking at isnt' that easy in this area. Usually I have found they are more expensive....i know I haven't sat down with a realitor yet either. So I'm not positive what is out there but I look at real estate almost daily. Wouldn't it be a wiser investment to buy new rather than an older home?
Oz
You're all F'in Mad...
chris82 said:
Property acquisition is legal, and business - NOT LOVE!
If you reach an agreement that is fair and equitable to each of you, then it is not a smack in the face at all. What is a smack in the face is if you each have attorney's deciding who gets what a few years down the road.
Forget about a pre-nup right now.
Even the way your property is titled will give you each specific rights. Will you hold it as joint tennants with right of survivorship? How about tennants in common? Or will you create a revocable living trust to hold title to your property? The way your property is titled is important, because suppose some tragic accident takes one of your lives. Do you want the other to sell the house because your heirs get your half? Do you want the mortgage company to call in the note because one person on the title is deceased? Do you want a probate court to decide what happens to your assets after your death, and in effect decide if your girlfriend can keep the house or not?
At 23, starting a career, you have everything to lose. Some people here are simply outlining a safety net for you.
i feel for ya chris82. i asked for some help here not too long ago and was just amazed, if not stumped by some (few, luckily) of the replies. some people really have nothing better to do than reply with things not even remorely related to what you started the thread about, to top it off they justify it and really DO believe it is acceptable. your words "pathetic"
summed it up, almost.
see that house for 280k? nice, big grassy yards on 1acre. big house with a full basement, built in 1977. Nearby is a 285k house on 0.2acres, 2 story house built in 2003 with just enough yard for your future beings to run around in and have a garden and porch in the front. lets see, big old house VS new small house. the way i thought of it was, big old house with lots of hidden repair costs vs more expensive "smaller" house with less repair costs. i tried to balance the 2 often (real estate agent helped). i figured do I really need all that running room back there when i am literally sorrounded by parks and other recreational areas within walking distance? but it ended up that a house is a house big or small, they still have the similar prices, but one has less work to do that YOU will have to do, or pay someone else outrageous prices to do it (like everything else). time is money, your work required to do your "little fix ups" is money not including the heardaches of maintenance with a house. i dont know if you are the "fix it up" type of person, im not. a house should be ready as is when sold and nothing less (unfortunately they're not sold that way). i walked into a house for sale that literally smelled like the zoo with holes in the walls selling for 260k. if you are that type then you would probably not mind fixing up some "older" homes. im just the type who believes that after aggreeing to pay quater million for it (or over half after 30yrs), everything better be dang ready for me to settle in to with a bag of chips and 3 dips.
summed it up, almost.
chris82 said:
see that house for 280k? nice, big grassy yards on 1acre. big house with a full basement, built in 1977. Nearby is a 285k house on 0.2acres, 2 story house built in 2003 with just enough yard for your future beings to run around in and have a garden and porch in the front. lets see, big old house VS new small house. the way i thought of it was, big old house with lots of hidden repair costs vs more expensive "smaller" house with less repair costs. i tried to balance the 2 often (real estate agent helped). i figured do I really need all that running room back there when i am literally sorrounded by parks and other recreational areas within walking distance? but it ended up that a house is a house big or small, they still have the similar prices, but one has less work to do that YOU will have to do, or pay someone else outrageous prices to do it (like everything else). time is money, your work required to do your "little fix ups" is money not including the heardaches of maintenance with a house. i dont know if you are the "fix it up" type of person, im not. a house should be ready as is when sold and nothing less (unfortunately they're not sold that way). i walked into a house for sale that literally smelled like the zoo with holes in the walls selling for 260k. if you are that type then you would probably not mind fixing up some "older" homes. im just the type who believes that after aggreeing to pay quater million for it (or over half after 30yrs), everything better be dang ready for me to settle in to with a bag of chips and 3 dips.
Oz
You're all F'in Mad...
The reason that newer houses are on .2 acres, is that our current zoning ordinance requires our developments to be clustered. So, if you have 100 acres and use TDR's to maximize the density, you will have to preserve 50 acres right from the beginning. Then use the remaining 50 acres to organize your project, build roads, and carve out lots for people. The result are the small lots, fewer disturbed acres, shorter roads, ability to have a central well and maybe even a small waste facility for the neighborhood to share.
If you buy an older house, even one that was built 5-10 years ago in a neighborhood before the current zoning laws, you may actually get some land to go with your $300K house. 1-2 acres is a nice manageable size, and you won't be 15 feet from the next house.
If you buy an older house, even one that was built 5-10 years ago in a neighborhood before the current zoning laws, you may actually get some land to go with your $300K house. 1-2 acres is a nice manageable size, and you won't be 15 feet from the next house.