Your first house...

Re: Your first house...

Re: Your first house...

Oy....

We're in our first house already. It's a blessing and a curse, really. We are so lucky to have a house, I know. But FH bought the house from his uncle, and his grandma lent him money for the downpayment (this was 5 years ago when FH was in his mid 20s). So there are a lot of family ties and that really complicated everything. For one, his uncle was cheap and so a lot of stuff was wrong with the house, which we didn't find out until after we moved in. It also had not been updated since the early 80s - there were a lot of combos of red, black and white and wallpaper with like shapes and squiggly lines all over it. He bought the house for $300k. It is a 3 bedroom ranch in Huntington.

We've been putting so much into the house. Until you own one, you never realize how much work and how expensive it is. We remodeled the bathroom on a $4,000 budget and ended up spenging $9,000 Things like that make it emotionally, mentally and financially draining. But, in the end, we own a house so I guess it's hard to complain.

We won't be staying here forever, though. The house appraised at $100k more than what we bought it for, and now the principal on our mortgage is finally starting to shrink after 5 years. We're hoping that after I'm practicing for a year we can sell and upgrade to something that is newer and not as much of a fixer upper. Even 5 years later, there are still so many things that we need to do. Our office still has a 6 year old girl's wallpaper on it, including the glowing stars on the ceiling.

Re: Your first house...

Re: Your first house...

We'll probably get a really great first house for about $300-350K.

Re: Your first house...

Re: Your first house...

we wont be able to buy a house...but steves parents are up there in age and wehn the time comes that they pass we are taking their house iun farmingdale. His sister and his 1 brother already gave us their part of the house cauyse they are older and laready have houses and families. We might have to buy out his other brother tho.The house is all paid for and taxes are up to date. We will live in an apartment till then.

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I think we are going to buy a foreclosure and make it a fixer upper and then flip it in order to buy the house we really want, however, if we like our foreclosure and all the fixing up we may do....we may just end up staying there!

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Probably 500 we want to buy in Staten Island

Re: Your first house...

i think that if we didnt buy land in florida and didnt have to save for the wedding we could afford to buy a house here in staten island - between paying the RH and our land off we are paying a mortgage but we plan on moving to Florida a year after the wedding. my family is there and FH can transfer to a Bank of NY office there and we will be able to live off just his salary - we woud never be able to do that in staten island - at least not for awhile......its good because I will work for awhile and then whenever we decide to have kids i should be able to stay home with no problems.....houses we are looking at there are on a 1/4 acre of property (which we already have) and the one we are looking at is about 135K new construction without upgrades (3 bedrooms, 2 baths) of course we'll want to upgrade the shiiiit out of it and build a pool and do up the backyard - hopefully it won't cost us more than 250K.........for 250K in staten island you can get a shack in the ghetto

i am just terrified to move! but we really want a house and we want to live comfortably so it seems like the best choice we can make at this point......but still very scary!!

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Re: Your first house...

we cant afford one for a while

Re: Your first house...

fh and i bought land and were building our house, we live in pa. our cost when all said and done will be around $200,000.00. and i gasp every time i see that # . but at the same time i'm so excited.

Re: Your first house...

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Posted by kristi313

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Posted by jteach711

I think the house we buy after the wedding is the house we will be in for a while. The area that we want we can get a nice house for around $400,000 and I get sick just thinking about it, but what else can ya do if you want to live on the island ya know?

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$400,000 is really what you're gonna spend if you want something that's nice ya know. it's so expensive to live here. it's really hard for young couples starting out. i lucked out that FH already had a house - but the bills add up it's hard

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maybe in suffolk. nassau and queens are still way more than that, unless it's a fixer upper. my place is a co-op and i spent close to 300; houses in my area aren't even an option so I'm trying not to think about it. we'd like to look in RVC but starting out fixer uppers are around $500k; near baldwin where FH lives prices are a little more reasonable. We're waiting a few years to save b/c i already have a place... i'm not sure what's considered a starter house anymore - used to be $200k bought you a starter house; now a starter house is a co-op or if you're lucky a condo. I hate NY sometimes

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catsgirl....where in PA do you live? I am jealous I would love a new house for 200,000.....I wish my FH would move:(

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Re: Your first house...

I'd say $400k is average for a home on LI...it's nuts because when we were looking for a house anything that was under $400k would fly off the market, we'd see an ad online or in the paper and go to call about it and it would be sold, have offers, etc. (very frustrating...but they just weren't meant to be). We bought our house as a starter home in April (2 Bedrooms, 2 Bathrooms)...but hopefully when the time is right we'll make it into our dream home! But in all honesty I love my house just the way it is, my retro green kitchen and all, it's perfect for the 2 & of us...plus Daisy of course!

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Re: Your first house...

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Posted by cbcf

Right now FH and I will be living in an apt for atleast 2 years after the wedding. We want to save enough money to put a down payment on a house as well as having extra $ left over for emergencies or any fixing the house needs!

We both want to live in Sufflok though. And I am hoping that can come true because FH took the Suffolk Police Exam and has a really good chance! But we are staying in Suffolk regardless. My parents live in Babylon and their house is going for $700k and it is an old house (not apperance wise though). And I know Suffolk is not cheap anymore. yea Nassau is a little more expensive but on the real down south shore and the real north shore (on the water) it is expensive!!!!! So I think we might end up in West Islip or maybe even Islip, Patchouge (near FBIL and wife) or somewhere further Suffolk just not too far!!

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Come to West Islip...we'll be neighbors

Re: Your first house...

i noticed that youns pay alot more for things there than we do here,

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I dont think we'll ever be able to afford anything on LI . We are thinking out west (Vegas, Phx). If FH could have his way, we'd move the day after our wedding. I think we should get an apt. here for a little while, get married and settled then move, but who knows. We haven't even started looking.