bigDogNJ23

bigDogNJ23 t1_j4bxcvc wrote

Whatever you do make sure you account for ongoing maintenance costs. Getting the money to buy the home and pay the mortgage/taxes/insurance is just the first step - you need the money to also pay for things like furniture, cleaning, landscaping maintenance (even if you do it yourself the equipment costs money) never ending repairs, etc. seriously I’ve owned two homes, one built in the 1950s and one built in 1997. In both cases there was always something going wrong that costs $1000+ to address. Like we rarely go a few months without a plumbing emergency, a leak in the roof, an appliance break down, a tree falling, and on and on. It honestly sucks but it beats paying rent (I think). At least we’re building equity. But seriously the upkeep costs are pretty shocking. We bought our first house thinking we’d save money to do some renovations but the upkeep just kept taking up whatever savings we’d manage to build. So we flipped that after a decade and used the equity to buy the newer house but the cycle just continues.

1