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Reply to "Feelings about house when you bought it vs. reality "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The costs and hassles of maintenance are high. Even on a property that's generally in good shape, there are always things to fix, replace, etc. [/quote] This. I wish I had 100k set aside for upkeep in addition to the down payment and closing costs. And [b]never get so desperate that you waive inspection[/b]. This 100k is assuming that the property passes inspection. Assume you will have to hire a plumber, electrician, and replace the HVAC and water heater as soon as you move in unless the units are less than 10-15 years old and you can verify this by asking the seller and looking up the serial numbers.[/quote] Before someone says it's hard to land the contract if you have an inspection contingency, you can often inspect before you make an offer. We did that on a hot home we bid on (and wound up not making an offer because there were foundation issues). [/quote]
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