- 5 years ago
- Wedding: April 2012
I know I’ll get varying opinions here, but…Darling Husband and I have always rented, never bought yet. We have pretty healthy finances, and would eventually like to buy. We are living in a new city in France and have a very large apartment we are renting, so large and expensive that we will either want to get roommates (at least temporarily) or move out. When we eventually move out, we could:
A) rent something very small and cheap, so need for roommates, continue aggressive house saving
B) buy a small, inexpensive apartment (that we would eventually grow out of)
Have any of you done this kind of shorter term buy (the B option) ? On the net we’ve found things that are nice, and renovated for 70,000 euros ( 93,000 US) This is a uni town, and so it could eventually be used as a rental property. We would be able to put around 70% down. Does this sound like a good move? I know also that selling can be difficult, which is kind of why I think it would be good to buy something inexpensive, which would be easier to resell than something expensive?
Do any of you have stories to tell of starter investments?