Buying A Home
GABride2010
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
New here -wondering about buying a house
Hello! DH and I are contemplating buying a house. I am looking to go to grad school starting in January 2013. It will take me 2 years to get through school. We are considering moving out of state after I graduate from school. Should we buy a house just to possibly move in 2-3 years? Will we get our money back in that short amount of time? Anything else we should think about? Thanks!
Married 2-20-10 Dx PCOS 1-2013 Metformin 500mg 3x/day Will Start TTC Aug. 2015
Re: New here -wondering about buying a house
NO! No no no no no no.
- We bought a house where I'm going to school because we expected to keep it long-term, but have decided not to. We just talked with an agent this week and after 3 years and getting the neighborhood steal in the first place, we can only break even, even though we've made a bunch of upgrades. Two or three years just isn't enough time for appreciation these days.- There is nothing more frustrating than being studying for exams and the _____ breaks. If you rented, you just pick up the phone and it's not your problem. If it's your house, you have to make all the phone calls, and, oh yeah, open your wallet when your family income is already strapped.
- The regular maintenance that comes with a house is a PITA with a demanding school schedule. You have to get the HVAC serviced, you have to find a lawn care company, you have get the gutters cleaned, etc, etc.
My Pinterest
The Googlesites Paint Bio
Thinking of doing cosmetic updates to a dated home? These were our costs.
I know the previous posts are probably not what you wanted to hear, but I think they are right. I feel your pain! I had to wait through my DH's 5 years of doctoral grad school (plus 2 extra years) before we are finally now buying a house...
But I am so glad we did wait. Honestly DH and I are in a really great financial state right now because of that decision. Although at times it was really hard seeing all of my friends buy houses, while we were still renting, some of those same friends are now in bad financial situations because they bought a house too early.
No
Current recommendations are you need to be in your home for 7-10 years just to recoup your buyiing and selling costs (with no additional profit).