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IT BURNS posted:So MY WIFE and I are getting ready to buy our first home. We have a sizable down payment saved ($60k), no debt, stable jobs, and the homes in our area aren't astronomically expensive ($180-$200, which is our range, gets you a nice place with a pool, or at least a community pool). You can't accurately gauge what will be more valuable to you in the future: your emergency fund or the lifetime savings of gutting your principal and consequently your interest. I'll go a LITTLE against the grain of the thread and say that if you put down 20%, budget intelligently, and then put 50% of your savings to mortgage principal and 50% into your emergency fund you can get exposure to both without correctly predicting the future. Once you top up your e-fund to an acceptable sum, you can focus entirely on the mortgage and get it paid down entirely. Then maybe like, look at FIRE!
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Apr 13, 2017 19:13
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Do not spend your emergency fund on your down payment. That is a short path to your sewer main exploding and the roof collapsing. Doing the 30 year loan in 15 thing is a really good way to be secure in the fact that if you do hit financial hardship your emergency fund can last you a very long time.
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Apr 13, 2017 19:15
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just finished closing this morning, time to clean up after the previous owners because they didn't do a very good job.
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Apr 13, 2017 19:44
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Photex posted:just finished closing this morning, time to clean up after the previous owners because they didn't do a very good job. I suggest going to the hardware store and picking up new toilet seats, aerators for the sinks, a new water filter for the fridge, new matched locking doorknobs, led lightbulbs if not already installed, and a programmable thermostat if one isn't there. Oh and picture hangers and a folding chair to put in your garage so you can sit there alone and drink beer. e: I would have said an air filter for your furnace but you should order that online from nordic pure. But I did forget: replace your CO alarms while you are at it - they expire. Bozart fucked around with this message at 20:04 on Apr 13, 2017 |
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Apr 13, 2017 19:59
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If there is paint in a shed outside and you live somewhere that it gets cold, just toss it because it's probably no good anymore. Haha. "If there is paint in a shed outside." Of COURSE there is paint in a shed outside. There always is.
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Apr 13, 2017 20:03
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HEY NONG MAN posted:If there is paint in a shed outside and you live somewhere that it gets cold, just toss it because it's probably no good anymore. Write down the paint codes just in case before you properly dispose of it. (Latex you can just let dry out and trash, other haz mat.) You never know if a part of the house will fall off and you want to match before repainting the whole thing.
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Apr 13, 2017 20:23
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daslog posted:Thinking of buying a house and not spending the 250 dollars on an inspection of your sewer pipe? Check out the video Drain pro just sent me. We have been having some problems with a slow drain. It doesn't really get good until about the 2 minute mark. You're making me nervous for what my upcoming drain inspection is going to find. J/K, I know its gonna be a couple grand to fix, I just don't know what part of my basement is gonna get tore up.
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Apr 13, 2017 21:05
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Bozart posted:I suggest going to the hardware store and picking up new toilet seats, aerators for the sinks, a new water filter for the fridge, new matched locking doorknobs, led lightbulbs if not already installed, and a programmable thermostat if one isn't there. Oh and picture hangers and a folding chair to put in your garage so you can sit there alone and drink beer. These are all things we're planning on doing, we've already ordered air and water filters for everything that has one. LED Lightbulbs will be a thing as well (all recessed lighting so I have to see what's needed) and luckily we have programmable thermostats in both zones already.
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Apr 13, 2017 22:39
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Speaking of LED lighbulbs, our Costco sells the nice 60-W replacements for about $1 each in a 10-pack. I was pretty floored and replaced all of our vanity lighting (a line of incandescents in every bathroom) on the cheap. I wouldn't normally go to Costco for hardware... but there you have it, check places you wouldn't normally think of
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Apr 13, 2017 23:17
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Finally set a completion date for my flat sale. Can't wait! The UK freehold / leasehold system is really stupid and I never want to buy a leasehold again.
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Apr 16, 2017 08:18
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knox_harrington posted:Finally set a completion date for my flat sale. Can't wait! The UK freehold / leasehold system is really stupid and I never want to buy a leasehold again. I gather leasehold is a lot more common in the UK, but I don't really know the reasons for it. In about 5 years dealing almost exclusively with home refinancing in the US, looking at thousands of loans, I think I have seen one or two leaseholds. It seems like it is only common here in indian reservations.
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Apr 17, 2017 14:13
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Spent almost $600 the first weekend in my new house 
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Apr 17, 2017 18:47
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Photex posted:Spent almost $600 the first weekend in my new house Congrats on the cheap move in.
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Apr 17, 2017 18:51
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couldcareless posted:Congrats on the cheap move in. Yeah, get ready Photex. EAT FASTER!!!!!! fucked around with this message at 20:01 on Apr 17, 2017 |
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Apr 17, 2017 19:21
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couldcareless posted:Congrats on the cheap move in. Half of that was light bulbs, the rest was like a ladder, some patch and paint. Now I need $1200 to replace the in wall AC units
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Apr 17, 2017 19:31
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I spent nearly $100k on my house this year so at least I'm getting a tax refund 
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Apr 17, 2017 19:48
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Photex posted:Half of that was light bulbs, the rest was like a ladder, some patch and paint. Now I need $1200 to replace the in wall AC units $300 worth of lightbulbs?
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Apr 17, 2017 19:55
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Leperflesh posted:$300 worth of lightbulbs? Someone doesn't know that Costco has a contractor pack of 10 60W LED bulbs for $10...
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Apr 17, 2017 19:58
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Leperflesh posted:$300 worth of lightbulbs? I too wish I had my living room outfitted with hue bulbs
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Apr 17, 2017 19:59
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couldcareless posted:I too wish I had my living room outfitted with hue bulbs I mean you can laugh but $300 would literally only buy you like, 6 Hue bulbs. We have 9 regular sockets, 5 recessed cans and 2 ceiling fan bulbs in our living room alone, making a Hue installation more than $700.
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Apr 17, 2017 20:04
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I think I spent like $120 on led can retrofits so that doesn't seem wholly implausible.
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Apr 17, 2017 20:05
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If you're spending fifty bucks a lightbulb you don't get to complain about how much your move-in home improvements cost because you are a rich person.
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Apr 17, 2017 20:15
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We need dude to itemize his purchase so we know whether or not to nail him to the wall for being too bougie. Come on and do the needful.
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Apr 17, 2017 20:19
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EAT FASTER!!!!!! posted:Someone doesn't know that Costco has a contractor pack of 10 60W LED bulbs for $10... Aren't those the terrible blue-white ones?
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Apr 17, 2017 21:07
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Subjunctive posted:Aren't those the terrible blue-white ones? You can get temperatures at either end of the spectrum, from warm to cool.
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Apr 17, 2017 21:09
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Photex posted:Looks like our appraisal went without any issues, is it pretty much smooth sailing from here on out? Can I loving breath already? Photex posted:Just over a week till my closing, is it okay to have a nervous break down yet? Photex posted:Someone want to let him in on the secret? Photex posted:Just got my final closing cost its $1000 less than I expected and the seller has to cut me a check for $650 Photex posted:Spent almost $600 the first weekend in my new house This progression in a month and 10 days is hilarious. I spent $600 on a new sink fixture ($450 on kitchen sink fixture, $150 for a plumber to install it right then and there) after I broke the old one attempting to add a 50¢ brass cap to the 2-outlet cold water valve under my sink the day I took possession.
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Apr 17, 2017 22:58
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therobit posted:I gather leasehold is a lot more common in the UK, but I don't really know the reasons for it. In about 5 years dealing almost exclusively with home refinancing in the US, looking at thousands of loans, I think I have seen one or two leaseholds. It seems like it is only common here in indian reservations. Hawaii has a bunch too. Mostly it's people who don't want to let land leave the family, so they lease it out on really long terms. I saw one lease that can run into the 2900s if the tenant keeps excersising their renewal options, although the ground rent never increases so I assume the landlord will be increasingly likely to find something to evict over during the intervening centuries.
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Apr 17, 2017 23:04
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EAT FASTER!!!!!! posted:Someone doesn't know that Costco has a contractor pack of 10 60W LED bulbs for $10... 18 Dimmable LED 60W PAR Cans (6 in the living room, 8 in the kitchen, 4 in the Bedroom) 6 Non-Dim LED 60W PAR Cans for the hallway 9 Standard LED Bulbs for the bathrooms and basement The dimmables aren't cheap.
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Apr 18, 2017 00:03
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Photex posted:18 Dimmable LED 60W PAR Cans (6 in the living room, 8 in the kitchen, 4 in the Bedroom) look at this guy hallway lights doesn't exactly match the living room and kitchen
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Apr 18, 2017 00:09
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Bozart posted:look at this guy hallway lights doesn't exactly match the living room and kitchen EXCUSE ME SIR THEY ARE ALL 5000K DAYLIGHT (go ahead tell me how wrong I am for my love of real white lights)
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Apr 18, 2017 00:13
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Photex posted:EXCUSE ME SIR THEY ARE ALL 5000K DAYLIGHT (go ahead tell me how wrong I am for my love of real white lights) I'm sure it provides the comfort of the shop rite milk aisle and the county jail, home is many things to many people
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Apr 18, 2017 00:17
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Bozart posted:I'm sure it provides the comfort of the shop rite milk aisle and the county jail, home is many things to many people working in live production I like my white balance to be even, so yeah it's a lot like jail.
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Apr 18, 2017 00:29
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Dwight Eisenhower posted:You can't accurately gauge what will be more valuable to you in the future: your emergency fund or the lifetime savings of gutting your principal and consequently your interest. I'll go a LITTLE against the grain of the thread and say that if you put down 20%, budget intelligently, and then put 50% of your savings to mortgage principal and 50% into your emergency fund you can get exposure to both without correctly predicting the future. Once you top up your e-fund to an acceptable sum, you can focus entirely on the mortgage and get it paid down entirely. Then maybe like, look at FIRE! When I bought I put everything into the deposit. Things were tight and the first month I had to temporarily borrow some extra money, of course some of my clients were slow paying that month so that made things worse. Some sort of cash buffer is needed when buying a house. Of course I had to spend $5k on furniture, whiteware and new TV. None of this cheap $600 moving into a new house. Then 18 months later needing to spend $70k on a retaining wall because water really is the enemy. That's where high savings rate for FIRE stops you from being completely hosed.
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Apr 18, 2017 00:34
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Photex posted:EXCUSE ME SIR THEY ARE ALL 5000K DAYLIGHT (go ahead tell me how wrong I am for my love of real white lights) Daylight bulbs are definitely the best bulbs.
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Apr 18, 2017 01:03
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I prefer cool white (just 1000K warmer, and more readily available) but I agree that warm light should be for listening to vinyl records in lamp lit rooms only.
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Apr 18, 2017 12:46
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Bozart posted:I'm sure it provides the comfort of the shop rite milk aisle and the county jail, home is many things to many people Lmfao
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Apr 18, 2017 13:13
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Bozart posted:I suggest going to the hardware store and picking up new toilet seats, aerators for the sinks, a new water filter for the fridge, new matched locking doorknobs, led lightbulbs if not already installed, and a programmable thermostat if one isn't there. Oh and picture hangers and a folding chair to put in your garage so you can sit there alone and drink beer. Why are nordic pure filters better?
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Apr 19, 2017 17:05
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No Butt Stuff posted:Why are nordic pure filters better? They're pretty cheap and people like them
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Apr 19, 2017 17:16
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poo poo I keep forgetting to replace my filter. I'm sure I'm breathing in all sorts of gross crap since I moved in a few months ago. Time to go find out what filter I need!
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Apr 19, 2017 17:22
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Drunk Tomato posted:poo poo I keep forgetting to replace my filter. I'm sure I'm breathing in all sorts of gross crap since I moved in a few months ago. Time to go find out what filter I need! I set up a calendar reminder with an email notification every three months, I'd never remember otherwise.
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Apr 19, 2017 17:23
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