Buying my first home :) ****updated with pics

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Josh Langel

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I'm pretty excited about this!



After looking at 20+ homes I've finally found the Townhouse that fits me perfectly! It's a new construction townhouse by M/I Homes ... it's really beautiful and for the price I cannot go wrong (across the street townhouses are prices at almost double of what I paid). I am going to contract Tuesday and hope to close by the first week of March... :)



Well, anyway, I just wanted to share the news!:D



I'll post pics soon!!
 
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Congratulations and Happy Home Ownership. There is such a satisfying feeling when you go from paying rent to paying into something you own that will increase in value.
 
One thing to keep in mind with a new home...



You will drop $10,000 dollars on all kinds of things. Widow treatments, toilet paper holder, (if they are not there already). shelving for closets, paper towel holder, things to this nature... etc etc etc.



Good luck to you, it is always exciting..
 
Congrats....



I only cried when I saw the truth in lending form !!!!! LOL



Todd Z
 
Ownership is great, but you don't own it if you're still paying into it.



paying into something you own
Click to expand...
--fallacious statement.



Around here townhomes run in the 600,000 range....seriously.





EDIT--do you mean investing in your home with things to improve it, or paying the mortgage?

 
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Congrats. Much better than renting.



Kevin - yes, investing in a home or property.



600K for a Town home...



The median price for a home in Seattle is now 415K.



I see town homes starting at 700K that are new development.



CJ...isn't that the truth. All those add up real fast. We have 23 windows in our house that needed window coverings.
 
SST, that is exactly my point,,,

All those little things you NEED, but that are normally there when you buy a pre-lived in home...
 
Congrats. I looked at over 100 homes before we bought last year.



Being that I work for a land developer (currently developing a new "medical city" building the University of Central Florida Medical School, Nemours Childrens Hospital, a new VA Hospital and the Burnham Institute for Medical Research), i would advise you to plan on living in this townhouse for 5 to 10 years. Three years ago when the market was really hot, all these multi-family developers started building all these town homes and condos and they were selling great, they however, kept building and building, and now our very very slow market has made such a surplus of condo/townhomes market, that you will not be able to recoup your initial investment for quite some time. However, if you plan to stay for 5 to 10 years, then you will should have no trouble reselling when you are ready. Congrats again on achieving the american dream of home ownership and 30 years debt. :D
 
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tom,

i use the one of the 100 dollar bills i make on my toyota resales to soak up the oil
Click to expand...



That is why they are worth more in trade-in. I guess that is punishment we get for driving something that does not leak oil.



Here is a true story. I used to work with a guy that had a Corolla. He asked me about the engine in my Escort. I used to pull out of my parking spot spinning tires every day and was amazed that my engine still ran with over 100,000 miles on it.



I poped the hood to show him the engine. His first words were, "No oil leaks?" I said no, I drive a Ford. He said his Toyota leaks oil like crazy. I laughed, fired the engine up, pulled the E-brake, floored it, let out on the clutch, built up a smoke screen, and released the parking brake.





Tom
 
Corolla's are Toyota's cheapest car and they are made like it. Also Tom, I would expect any vehicle you own to last forever because you know so much about them and take excellent care of them. Hell, if you had bought a Hugo 20 years ago it would probably still be running perfect. :p
 
Actually, my Dad worked with a guy that owned a few Yugo's. He would run them 200,000 trouble free miles. At the end of 200,000 miles, it went to the junk yard.





Tom
 
i guess the rest of the world does not have the knowledge you guys posess. :huh:

if toyota is garbage, why are they ahead of ford?
 

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