Should we buy it?

posted 2 years ago in Home
Post # 2
Member
4794 posts
Honey bee
  • Wedding: May 2014

FutureMrsB123:  You’ll probably get answers both ways so be prepared! I’m on TeamBuyTheHouse! But do know that even though your mortgage may be less than rent there WILL be expenses that come up with a house. In the year we’ve been in ours the 2 things we HAD to fix were a busted pipe ($500) and a new roof partly covered by insurance (approx $2000 out of our pocket). We will also need new insulation. And those are 3 necessities. Never mind the “I wish there wasn’t tile on my living room wall” kinds of things, those cost, but aren’t necessary. Good luck!

Post # 3
Member
4794 posts
Honey bee
  • Wedding: May 2014

PS- I should add that I like the “buy” idea because I like that I can paint my walls, rip out carpet, plant a garden etc etc.

Post # 4
Member
1287 posts
Bumble bee
  • Wedding: May 2014

FutureMrsB123:  I believe that if anyone is in a position to buy a home, it is a very smart, financial decision!  However, the one red flag in your case is the location.   Location is the BIGGEST thing you cannot change in a home, period.  To buy as to not waste money without knowing that you love the location or not would be a bit scary.  So, my advice is rent for 6-7 months (as long as you are not locked into a year-long lease or whatever), and get a good feeling on how you like being there thru the winter, etc.  If your feelings have not changed, then look into buying!

Ask the owner if this could be a trial for a rent-to-own situation, OR on the flipside, if they do sell it while you are renting, are you going to get the boot?! If so, then I would probably keep looking – for something different to own that you know you will LOVE!

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