Post # 1
As a first time homebuyer time has flown by soon it will be a year since we moved in and has made me reflect on the shitty apartment I used to live at for more then what I pay for my mortage now.
So let’s share
My old apartment
1 bed 1 bath plus Den
910 sq feet
3 beds 2 baths
2 car garage
1526 sq feet
600 sq ft screen in patio
$738 includes insurance and taxes
Post # 3
$875 for a nice yet small studio in a cool old building in a good part of town.
Now we pay $1400 on a 15 yr mortgage not including taxes or insurance for a 3 bed two bath house. 1950 sq ft with a deck and fenced in yard
Post # 4
We had an 800sqft 2BR 1BA that we paid $775 for
Now our mortgage is $900, but with insurance and escrow stuff it’s $1315 … But it’s an 1800sqft 3BR 2Ba with 2 living rooms and a bigggggggg backyard
Post # 5
Our old apt
2 bed 1 bath
715 a month
3 bed 2 bath plus den
795 with insurance and tax included
may I add our huge corner lot plenty of space for my flowers
Post # 6
Main level of house, 900 sq feet, 2 bed, 1 bath
$800/month (and this was in Toronto!! But we rented from friends and they gave us a huge deal)
1470 sq feet, detached home, single garage
$704/month (variable mortgage) but we pay $1200 month (as if we got a fixed) Proerty taxes are $326/month, insurance is rolled in with my auto insurance and I don’t even know how much :p
Post # 7
So jealous of wherever you guys all live! Here in Boston you’d be hard pressed to find anything cheaper than $1200 for RENT (and it’s probably a very tiny apartment!)
Mortgages will run anywhere in the $2000-$2500 a month range for a smaller standard 2 bed / 2 bath house. Outrageous for anything bigger than that!
And this is why DH and I are living in our parent’s rent-free in-law apartment! 🙁
Post # 8
Apartment living in now:
-650 per month, about 700 sf, 2 bed, 1 bath
House we are closing on at the end of the month:
-950 per month (including taxes, home insurance), about 1,300 sf, excluding full basement, 3 bed, 2 bath.
LOVE IT! Is move in ready, but since I am an interior designer, I will be changing a ton, but all on a budget! SO EXCITED
Post # 9
SO jealous of the mortgage some of you pay! I’m just over $2000, not including property tax. Its ok, I still love you, Vancouver! lol
Post # 10
Wow, our rent is $1300 a month. I’d love to live where some of you do! We’re hoping to buy within the next year and will be looking at around $1500-$1700 for a mortgage payment. Currently we have a 2 bed/2 bath condo with attached garage and will be buying atleast a 3 bed/2 bath, 1500+ sq ft single family home.
Post # 11
For 2 bedroom 2 bath appartment with view and 800 sqft we paid $800 a month
Now our 3 bedroom 2 bath, 1500 sqft house on a half acre is $1600 a month. $275 of our mortgage goes to PMI though.
Post # 12
@MrsMaine: I was just about to say the same thing!!! We live in a TINY apartment and we pay $1400/month (likely going up to $1500 in Sept) plus we spend $125.00 on a rented parking spot.
We don’t have laundry in the unit, no central air but we DO have a dishwasher. Score! We have a living room, kitchen, bathroom, and bedroom. I would say maybe 450-500sq ft?
We also don’t have mice. Which is like, huge, for Boston with all of our old buildings.
We plan to upgrade and with the current rental market will need to spend at least about $2,000 to stay in Boston for a place with all of our “wishlist” included.
You would be hard pressed to find a home within an hour of Boston for less than $350,000 that is somewhat updated.
Post # 13
When I lived alone in a 1-bedroom apt, 630 sq. ft: $760/month
When I rented a house with a friend, 3bed,2 bath, not sure of sq. ft: $1360/month
Our house: $1175/month (4bed, 2bath) with a 6.8% interest rate, husband had less than awesome credit when he bought the house in 2008. We’re closing on the refinance at the end of this month, added me and my good credit to the mortgage, and knocked the interest rate down to 4.2%! Our new payment will be $950 – you have NO IDEA how excited I am.
Post # 14
1 bed, 1 bath, 700 sq ft, no covered parking, $779/month (but free heat!)
now, 4 bedroom, 2.5 bath, 2 car garage, 2200 sq ft plus yard, about $1500/month
Post # 15
@misspeanut: wow!!! thats fantastic congrats!!
Post # 16
@Miss Orchard: I agree. We live in the Boston area and just moved from a rental to a house.
1000 sf, 2 bed 1 bath = $2150
2500 sf, 4 bed 1.5 bath = $3400 (including real estate taxes which are ~$650/mo)