Comments on: 9 Questions to Ask Before Buying a House https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/ Money | Minimalism | Mohawks Sat, 30 Mar 2019 21:54:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Joel of GrowthRapidly https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276713 Sat, 30 Mar 2019 21:54:39 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276713 In reply to J. Money.

Thanks, and after further research, I think I will go for the duplex. It makes more sense financially for me. Live in one unit, and rent the other.

]]> By: J. Money https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276674 Thu, 28 Mar 2019 22:08:03 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276674 In reply to Joel.

People RAVE about that duplex idea, at least in this online community :) It’s like every other article on real estate sites, haha….

]]> By: Joel https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276648 Thu, 28 Mar 2019 15:05:18 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276648 Great tips! Buying a house, while exciting, is major financial decision. I am myself in the process of buying my own place. I am still deciding whether to buy a duplex, live in one unit and rent the other one, or buy a condo. Either way, I’ll have to come up with the 20% down, which is a challenge.

]]> By: J. Money https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276372 Tue, 26 Mar 2019 09:55:48 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276372 In reply to Luis Jara.

Damn – no kidding!!! And exactly what scares me about owning again, ugh…

Hopefully you got all the nasty surprises out of the way though and you’re now good for a while!

]]> By: Luis Jara https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276359 Mon, 25 Mar 2019 18:24:22 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276359 8/9
In our home for about 1 year and a half and the maintenance stuff got us good.
1. A/C compressor went out in first 2 weeks. Whole system replacement recommended due to older freon. (Covered by warranty after a long fight) $2,600 3 days worth of work.
2. 3 Months later electrical issue with living room lighting. (Contractor friend helped fix) $65
3. 6 Months later refrigerator goes out. (Warranty would not cover. Learned to fix on my own) $65 1/2 day worth of work.
4. 1 year later Water Heater goes out. (Warranty wouldn’t cover since parts were under manufacturer warranty. Contractor friend helped to replace and manufacturer provided most of the cost for a new water heater). $500 A days worth of work.
5. 1 year later Garage Door Opener goes out. (Replace on my own with higher horsepower unit and learned the hard-way that I needed a stronger anchor with more horsepower). $150 a days worth of work.
6. Last month the fence came down after a wind storm. (Contractor friend just fixed it up). $850

All in all. It’s good to have a contractor friend who could help with tips, a hand and even get the work done at a decent cost when needed. It’s also a good idea to learn how to work on your own home.

]]> By: J. Money https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276352 Mon, 25 Mar 2019 18:03:48 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276352 In reply to Jules.

I’m glad to hear that :)

And thanks for the well wishes! I’ll take as much as I can get these days, haha…

]]> By: J. Money https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276351 Mon, 25 Mar 2019 18:03:08 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276351 In reply to Suzie.

Def. keeping my eyes open on that HOA stuff! An aunt of mine used to pay over $1,000/mo for her HOA dues! Granted she was in a condo complex, but still – the money alone could be just as annoying as the rules you need to adhere too :) (I remember once seeing a place in NYC for sale for only like $200k and was wondering why it wasn’t selling for a while, and then eventually found out – the monthly dues for almost $2,000/mo – more than the mortgage payments! Yikes!)

]]> By: Jules https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276317 Sun, 24 Mar 2019 16:31:52 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276317 Congrats on being soooo close to getting into a house, J! This checklist would have been helpful for me about a month ago, when I was in the middle of escrow.

But thankfully, even though it’s all said and done now, I scored 8 out of 9! Phew.

]]> By: Suzie https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276314 Sat, 23 Mar 2019 16:23:31 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276314 Good points and good comments. I would definitely second the comments about property taxes and property elevation. Just two more quick pieces of advice. The first, VERY IMPORTANT! Is there an HOA (Homeowners Association for the uninitiated). These can be both expensive and a royal pain in the butt. Second suggestion, just a thought. If possible do some online research or even ask your insurance agent if possible to see if you can get a feel for whether insurance rates for both cars and homes may be more expensive in that area. Where I live in the mid-west car insurance rates can fluctuate a lot depending on the area or suburb. Not to mention the infamous “flood plane.”

]]> By: J. Money https://eliteedgemoney.com/questions-to-ask-before-buying-a-house/#comment-276280 Thu, 21 Mar 2019 22:04:50 +0000 https://staging.eliteedgemoney.com/?p=59934#comment-276280 In reply to Kanna456.

Yes – great points!!

We’re putting down 20% so thankfully we’ll avoid it, but never thought about the “keeping track of equity” part to nix it once it’s time! Very smart.

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