Home buying thread

Lanx said:

i heard no matter where you buy a house in fl now, you need to buy flood insurance (unless you just buy it outright)

Click to expand...

Nah, we didn't have it up until last week, and that was just for my wife's peace of mind. Cost us $450 or so for annual coverage.

You do have to have hurricane (wind) coverage though, at least where we are.

Soul has been signed away. Loving the new place already and I have only moved some boxes in. The garage access is gated by RFID tags. Building access. Elevator access. Rec facility access. All gated by keyfobs. Most of my neighbors are old, wealthy, or both. The lobby is like something out of a high class hotel. Fucking A it is nice. Fuckload of work when I wake up tonight moving shit over, but I am ready.

Sanrith Descartes said:

So it will be infinitely easier for the gubmint to lock you into your place for the duration of your quarantine during the next "pandemic". How very Wuhan of you.

Click to expand...

Sort of.

Tmac said:

Was it just a lease or did you actually sign your soul away? The apartment complex gets your next born? A pound of flesh?

Why so dramatic bb?

Click to expand...

Condo, and mortgage. Bank now owns me for 30 years.

Well, got all my shit moved in and got my internet set up. Been awake 24 hours and I am fucking tired.

moonarchia said:

Condo, and mortgage. Bank now owns me for 30 years.

Click to expand...

You could pay it off early /shrug started a 30 year mortgage in October of last year, 12 years remaining.

Burnem Wizfyre said:

You could pay it off early /shrug started a 30 year mortgage in October of last year, 12 years remaining.

Click to expand...

That is the plan, hopefully. Going to be looking for a side job this summer.

Lanx said:

i thought the plan was that later in life to have a side chick, not a side job!

Click to expand...

I am trying to increase my earnings, not lose them.

Nija said:

Hmmm. There's a house for sale that's 300 yards away, that is "pending". It was listed at $1.1M. 2800 sq ft, 30x50 shop, built in '17, 4.5 acres. Modern farm house, so it's more updated than my place.

I bought my place for $515k. 3800 sq ft, 40x60 shop, 5 acres. It wouldn't take $100k to update my house to be as nice as theirs. Should I sell and get that sweet $500k of capital gains tax free?! Not sure what I'd buy. We'd have to downsize to buy in cash, as what I paid $515k for in 2020 now is apparently a million dollar house. My oldest is a senior in HS, so I don't technically need as much space as I have now... I could go without the theater room, billiards, etc.

Click to expand...

Maybe talk to a realtor before dumping money into it. It's possible in the current market, that your property can already go for close to a mil or they have cheaper ideas to get close to it. The market is always changing and many people would rather do their own thing, over your "updates."

The most frugal solution would be to buy a chunk of property and build a "barn" on it with a bare bones/minimal finish apartment in it. Move into the apartment and use the rest of the barn as storage for all your shit. Sell your current house for 1 mil, then use that money to pay off any loans and build a new house on your new property with cash. Expect for it to take up to two years, no matter what the builder says.

Sanrith Descartes said:

Yeah I am leaning towards going salt over chlorine.

Click to expand...

Friend has one of those. They require more pumping so the power costs are higher, but they're really nice to swim in.