Home Owners - Experience Based Question...

[Beck]

@JustinH

That area is very nice… If you live in a house out there, you would be sending your “kids” to private schools anyways I’m pretty sure.

I’d pick that area of lockport over amherst regardless of cost.

I would think the taxes there in Niagara county would be a little cheaper than Amherst, not by much but a little cheaper.

Don’t forget to get your $8000 in free money from obama in your taxes next year.

I prefer public education over private education, for a number of reasons. However, this may change by the time I have kids.

Taxes are cheaper…about $2k a year cheaper.

I’m only pulling the trigger on this so soon because of the $8,000 and how low interest rates are. It’s almost stupid not to buy a first house based on these two things alone.

[walter]

@Fry

But on a serious note, once you own your own place for a couple of years you start to learn about what you really want in a house. I now know that my next house will have minimal carpeting and a kitchen that can be easily blocked off for the dogs, and a big mud room with a bench for coming in and out. I never would have thought twice about that when I was looking for this house. First floor laundry would be nice. Second floor laundry would be a godsend.

Just sayin.

Exactly, no matter how much you think you know what you want, or how much advice you get, it is ultimately a starter house… you’ll learn what you want and how to do it better the next time around. Anyone that says otherwise is just too easy too please :spank:

[Beck]

@Fry

I thought you were going to be making like 5 times what you make now within a couple of years? Why would you stay in a $75k salary house when you’re making $225k? Living way below your means doesn’t really seem like your thing. :gotme:

But on a serious note, once you own your own place for a couple of years you start to learn about what you really want in a house. I now know that my next house will have minimal carpeting and a kitchen that can be easily blocked off for the dogs, and a big mud room with a bench for coming in and out. I never would have thought twice about that when I was looking for this house. First floor laundry would be nice. Second floor laundry would be a godsend.

Just sayin.

A couple years? Naw.

However, you bring up a very valid point.

[deebo]

OR buy a super shitty house. and remodel it!

i do it fo cash moneys

[Beck]

@walter

Ultimately, the only thing that matters, is if you like the house. If you like both houses, then you have some thinking to do.

Age of the house doesn’t really mean anything, neither are coming with warranties, and both will be priced accordingly in respect to their current state, need for repairs, style, etc. A good home inspection will let you know if there are items of concern that may cause you to want to run for the hills.

Typical thought is that houses in better districts are more valuable, and carry higher taxes. However is it going to appreciate significantly faster? If the houses are close in value, its unlikely.

it is more about the house than the concerns you had. All things being equal (loving both houses) I’d say that it sounds like the EA house is better b/c you don’t want to move, leading me to believe (based off of 50 words) that you’d be happier there.

It is all relative though, where I stop paying for location, someone else may think it is worth it. There really isn’t enough info in here to give you advice other than general ramblings.

Being young, single, and mildly retarded, it is entirely likely you dont’ know now what you’ll want 10 years from now, much less where you will be living and what kind of lifestyle you’ll be living.

Buy the house you can see yourself happy in, don’t worry about school districts for kids you may never have and other things like that. By then you will likely have an entirely different set of priorities, different income, different desires. Say, how is that IS-F?

LOL. Thanks.

The IS-F is great, thanks!

[Jack]

@Beck

Taxes are cheaper…about $2k a year cheaper.

You know thats less than $170/month and not a huge consideration, because your appraisal could possibly put you up that much more anyway.

[walter]

@Beck

I prefer public education over private education, for a number of reasons. However, this may change by the time I have kids.

Taxes are cheaper…about $2k a year cheaper.

I’m only pulling the trigger on this so soon because of the $8,000 and how low interest rates are. It’s almost stupid not to buy a first house based on these two things alone.

$8k doesn’t expire until December, and rates are only continuing to get lower.

Have you been pre-approved for a loan yet? Are you planning on FHA (I would assume?). You realize they are going to base a lot of the decision off of your '08 Tax Return, esp. in a new job with variable commission based income? Lots of people I know (who have good credit, good downpayments, and good income) are having a hard time with loans right now. It is just finally starting to open back up. Banks were closed tighter than a virigns clam on prom night for a while.

[Beck]

@deebo

OR buy a super shitty house. and remodel it!

i do it fo cash moneys

New thread.

Check out what I just spent $34,000 on and it doesn’t even have wheels!

[Beck]

@Jack

You know thats less than $170/month and not a huge consideration, because your appraisal could possibly put you up that much more anyway.

I’m not worried about the $170 difference a month. I’m worried about the $20,000 more I’ve spent in 10 years if I don’t end up keeping the house. That could be 401k monies.

[Beck]

@walter

$8k doesn’t expire until December, and rates are only continuing to get lower.

Have you been pre-approved for a loan yet? Are you planning on FHA (I would assume?). You realize they are going to base a lot of the decision off of your '08 Tax Return, esp. in a new job with variable commission based income? Lots of people I know (who have good credit, good downpayments, and good income) are having a hard time with loans right now. It is just finally starting to open back up. Banks were closed tighter than a virigns clam on prom night for a while.

Yeah, I’m pre-approved at Citizen’s right now. However, I want to check out what Wells is offering right now. As far as new job, you’re right but I’ve been with the same company for a couple years now. They based it directly off my 08 W2. I’ve been warned that it is going to get slippery when it comes time to verify income as far as commissions/bonus, but I have an awesome guy helping me out. I think I’ll have to worry about this, when it comes time to close though. IDK, really know the whole process. I need to find a house first that fits my specs.

[Beck]

I’m still so lost. OH well, thanks boys.

[JayS]

I’m gonna +1 walter because I’m on my iPhone and typing a lot takes too long. He hit it pretty much dead on.

[cougarspeed]

What are you so lost about? Be more specific then. BTW if you need a realtor mine right now works her ass of for me would recommend her to anyone. Post links to the houses?
I was considering nicer houses that were around 170k but i think i am going to go with something in the 120k range instead to have more financial freedom but that is just me. But then again I want to live in North Buffalo…where people get shot all day.:roflpicard:

[deebo]

@JayS

I’m gonna +1 walter because I’m on my iPhone and typing a lot takes too long. He hit it pretty much dead on.

i posted this from my iphone! omgz!

[LZ1]

When you buy said house can we get pics of IS-F parked infront of 250k house with paystubs…

Edit: and a penny

[Joe]

I would go with the nicer house in the crappier school district, AS LONG as you have no intention of working anywhere else for a good period of time. You drive to work more often than you drive anywhere else, and even then it’s not that far to hop on the 990. I was actually looking at a place on the close side of lockport just because the distance is manageable. You have to look at your house every day. You have to commute almost every day. If you’re talking kids in 10 years plus, who knows how much demographics could change. Clarence was a rural shitty district 20 years ago. If you invest the difference on the taxes and build equity you could have enough to buy a nicer house in a nicer district by the time you’re ready to pop them out.
For every person that will pay a premium for a great school district, there’s another thats turned off by the taxes.

EDIT: This is what I was looking at in Lockport. With 10k in taxes, the escrow payment was simply too damn high. My social life budget would be out the window. But 3 acre 4500 sq ft house FTW.
http://property.buffaloniagarahomes.com/property/detail.cfm?mlnum=328076&property_type=1

[Choda]

@Beck

I kind of really don’t want to change my location from East Amherst to Lockport. :roflpicard:

amherst and east amherst is turning more and more ghetto. look around. south lockport ( all the new builds ) are deff the new east amherst. Lancaster is also turning into a upper/middle class.

lockport isnt really “that far” out, transit to millersport to 990 and your anywhere.

right now closer to work is best. thats what i did too. When i have kids ill be heading back to the sticks.

[Choda]

@LZ

When you buy said house can we get pics of IS-F parked infront of 250k house with paystubs…

Edit: and a penny

:word:

[bing]

beck, why are you pretending to be mature?

rent a $300 room in some house and buy an MK4 Supra and put big numbers out…

[Locutus]

typically developments are made with construction grade materials… I would never move into one personally unless it was there watching the build and I was satisfied with the work.