Reply to How much can we afford to spend on home?

Forum Index » Money and Finances

Reply to "How much can we afford to spend on home?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]$280k here too. We paid $850 for our place and put down $500. We then took $200 of that a year later out to remodel and expand a bit when we (unexpectedly) had a 2nd. That's a comfortable amount and still allows us to save well. At the time our income was lower and we ended up stressed over finances. Don't make that mistake.

The thing about home ownership - especially ownership in the $800's is that the houses often need work, even where you don't expect it. In the few years we've been here we've had our roof spring two leaks, a window break when I hit by accident, the exterior water spout freeze and break, our ac unit died, we discovered poor insulation in the attic, our sink faucet broke off when te kids played with it too much, our chimney needed work, we had a shared fence break when a tree sort of pushed it over, we had to replace the 1980s w-d, the garage door was in bad shape and had to be repaired, our front door mortise lock started acting up, etc. There's always something. Most of these were $200 issues - and some were just diy fixes - but they certainly add up. Be careful overextending.

We are very happy now with our modest (by dc standards) mortgage in the mid 500s and can do things friends who live in bigger houses can't (vacations, dinner out whenever we want etc).[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics