House purchase tips

[MeetFriendz]

4 minutes ago, chicchara said:

kids lekapotey...dont think abt schooling and all. school ki velley families ey nee house kontaru ani rule ledhu..

kids puttina...it takes 5 more yrs from now for them to go school.. so aa time ki u dont know if u still want to stay in same home.

class 1 nunchey 10 rating school lo esi kuda em peekuthaam... 7-8 rating is good enough

ok

 

[MeetFriendz]

3 minutes ago, chicchara said:

houses built before 1970 have lead in them. those emissions are poisonous.. 

especially kids crawl and go in to sneaky places within house where adults dont go... so think again about buyin such an old home

Oh avuna .. then will try to aviod it.

[Bitcoin_Baba]

Don't go for too old houses, daantlo emem repairs untayo neeku idea undadhu and you end up paying more in repairs. Lessthan 10year old is a good buy emanna better price ki dorikithe. And rent save avvuddi anedhi misconception, nuvvu ippudu katte money property tax+ home insurance + maintenance of the house kindha pothai, nee EMI anedhi investment kindha untadhi anuko.

[chicchara]

3 minutes ago, Bitcoin_Baba said:

Don't go for too old houses, daantlo emem repairs untayo neeku idea undadhu and you end up paying more in repairs. Lessthan 10year old is a good buy emanna better price ki dorikithe. And rent save avvuddi anedhi misconception, nuvvu ippudu katte money property tax+ home insurance + maintenance of the house kindha pothai, nee EMI anedhi investment kindha untadhi anuko.

adhi kuda after first 7 yrs of interest payment tarvaatha. initial yrs lo principal amt ki very takuva velthundhi kadha..adhe saving ankovali

[Bitcoin_Baba]

1 minute ago, chicchara said:

adhi kuda after first 7 yrs of interest payment tarvaatha. initial yrs lo principal amt ki very takuva velthundhi kadha..adhe saving ankovali

agreed bhayya

[tom bhayya]

1 hour ago, chittimallu2 said:

but why

Sellers market lo illu konadam waste , 6 years back manchi time ippudu peaks lo unnayi prices. Next year correction start avuthundhi 2020 lo padey chances unnayi antunnaru. Cash untey padinappudu konukkovadam better. 

[dkchinnari]

1 minute ago, tom bhayya said:

Sellers market lo illu konadam waste , 6 years back manchi time ippudu peaks lo unnayi prices. Next year correction start avuthundhi 2020 lo padey chances unnayi antunnaru. Cash untey padinappudu konukkovadam better. 

vision 2020 antav?

[tokkalogola]

1 hour ago, MeetFriendz said:

denials choodaledhu kani rfe choosa bro. 

cash bank lo petti unnecessary ga bank vadini poshistunna and car loan lekunda katesdam ante house ki use avutundhi ani loan lo car tesuko manaru .. 

2010 nunchi yevee vintunanu visas ravadam ledhu h1 ravadam ledhu ani so delay chestu potunte  previously $1 vachedi future lo adhe danini $100kontunamu anipistundhi

unless you are on a high intrest car loans usualy ga very low rates ki untayi.. which doesnt make sense to pay off...

[Original Profile]

53 minutes ago, tom bhayya said:

Sellers market lo illu konadam waste , 6 years back manchi time ippudu peaks lo unnayi prices. Next year correction start avuthundhi 2020 lo padey chances unnayi antunnaru. Cash untey padinappudu konukkovadam better. 

appudu entha padutundho teliyaka bayapadi konam....so konadam eppatiki jaragadhu 

[Simple123]

1 hour ago, tom bhayya said:

Sellers market lo illu konadam waste , 6 years back manchi time ippudu peaks lo unnayi prices. Next year correction start avuthundhi 2020 lo padey chances unnayi antunnaru. Cash untey padinappudu konukkovadam better. 

ekkada vundi bhayya ee analysis.  Stock market raise lo vunnatha sepu , there is no downfall for homes

[srdh21]

 

3 hours ago, MeetFriendz said:

Yeah ala ane tesukunte atleast manam bear cheyaleka pothe situation ni ammeyochu anee point tho looking bro. 

Kani yedhi tesukovali anna dani meedha confusion lo vunna.

Town house (TH) or independent house: mari anadaru kontunaru or lavish ga bratakali or choopinchukovali ani kakunda neat ga vundi chinna gaa vunte chaalu ani what i believe and good schooling vunte atleast rate yekuvayena problem ledhu ani anukunna as kids will or should have good education or in case ameesina school district choosi anna kontaru ani, naa situaton ki TH should be 2 bed - 2 bath .. family increase iyena that should be sufficient ani anukunna but HOA fee gooranga vunayee like 250+ to 300 min.  ofcourse HOA fee do include external infrastruction of our house and cleaning, but vunatakalam katuukuntu vellali. 

Independent house lo more rooms .. rent ki  yevali anna its not in a way that privacy vallaki kani manaki kani vundadhu ledha alla use cheyakunda vunte waste ani anipistundhi, but point i have observed in Independent house is appreciation after certain time period like 5 + yrs in good community which is not in case of TH .

prefer a single family home if you want your privacy and also expecting appreciation

do not buy homes older than 2008, energy efficient homes started around this time frame, the type of materials and insulation used is what defines energy efficiency of a home, some old homes are also upgrades, so check with them before bidding 

in places typically classified a uninhabitable as per Dallas desis standards, energy efficiency is a key factor, you will end up with $300 electricity bill for 2500 sq ft home

TH is typically meant for couple who are working and they want to stay closer to urban centers without much commute, the HOA itself is a big no go for many potential home buyers

2000-2200 sq ft is a perfect home for small families without feeling the need for too much compromise

first year of home ownership lo chaala costs untaayi.. be it lawn mowing, tool,s, pest control, some broken aspects etc.. slow ga they tend to go down when you acquire DIY skills such as Lawn, painting, plumbing, lawn thatching and aeration etc

 

as far as the economy is concerned, i have seen people enjoying their lives all along even when the market is down, simple way is to live within your means.. this lifestyle will always ensure you have enough cash in hand for any short term exigencies

even if you buy now at 400K, it will reach 420K before it falls during so called 2020 recession (doom porn) to may be 350K, you may lose your equity only if you see it, if you continue to live in it, whats the harm for you in economic sense,  all you need is a job to pay mortgage.. werent you suppose to pay rent even when you dont have a job anyway right ??

home purchase is an important decision, do not delay it if you think you have worked hard enough to achieve and go for it

if you are one who are buying for the sake of peer pressure without having enough savings.. apartment is right for you have no debt and atleast 20% cash in hand (you can pay 10% towards home and 10% as economic stimulus fund)

 

 

[tom bhayya]

1 hour ago, Simple123 said:

ekkada vundi bhayya ee analysis.  Stock market raise lo vunnatha sepu , there is no downfall for homes

https://www.marketwatch.com/story/americans-havent-been-this-optimistic-about-buying-property-since-just-before-the-housing-crash-2018-05-07