House Owners

[TKWQ]

11 hours ago, venkat4u said:

New home buy chedam ani chustunna...koncham tips cheppandi, gone through the old treads mostly new home / newly constructed houses treads ekkuva kanipinchaledu. Koncham kinda vesina questions ki ans and mee salahalu suchanalu ivandi.. Thank You

1. Is this a good time to buy a house?

2. If in case buy chedam anukunte down payment 5% or 20% which is best 

3. Area preference emi chudali like good school district etc..

4. Office nundi sumaru entha distance lo tesukovochu like ( < 25mil)?

More than good or bad time, do a rent vs buy analysis. Many calculators available, you can google for it.

20% preferable if you can swing the cash for it.

Primarily people look for good school districts for their kids. Also impacts future resale. Other factors that impact a house value maybe transport options, general area safety proximity to major roads etc.

Distance from office depends on the location you are in. In the tri state area distances may be less, but commute time is still more. So look at commute costs and timing.

Also, keep monitoring interest rates. When i was buying, the mortgage company representative suggested we should both monitor the interest rate, as the builder delivery times were kind of slow and lock the rates at the appropriate time. I totally missed out on that, and rates increased by little bit by the time i could lock. Not a big difference in my case, but still its money i could have saved.

Wish you luck!

[xxxmen]

12 hours ago, Spartan said:

@solman

Enti Solman thattaya atlanta na

[venkat4u]

8 hours ago, Kalam_Youtheman said:

if newly married... schools picha lite.. neeeeku schools gurinchii pattinchikokuuu.... if pattinchukunnav ante neeku rates ekkuva untaayee... 

schools anedhiii pedhaaa waste katha in US... schools peru cheppi rates ekkuva untaayee for sure... if schools good unte 100% kids good a undaali kadha..ala undaadhu mari..it alldepends on your kid....ela learning and all... parents involvment kuda undaaali anuko...

Next go for townhome if first time , no condo no single family..condo aithe paina or kinda neghbors tho distbnc chaalaa... single ante maintenance issues.. waste karchuluuu... so first time always townhome.. if possible go for new construc,..

 

Office nunchiii max 30-40 min commute unte best.. lekapothe nee life nuvvvu 3-4 hrs daily road paina spend cheyyalsi untundhiii.... I know some one spend 4 hrs on road daily....

 

20% unte go for it.. if not 5%.... migithaa 15% emergency funds kindaa use cheskoo.... u will pay mortage insutance around 250 anuko permonth if 5% down

 

good time bad time ani emi undaaadhu..... its depends on your luck anthee....  

Thanks for your inputs bhayya...

[venkat4u]

6 hours ago, speedracer said:

you have GC?

No H1 

[venkat4u]

6 hours ago, tables said:

My personal advice- without gc don’t buy house.( you can still go for it if both wife and husband are working ), single income don’t buy without gc

ok any reason?

[venkat4u]

6 hours ago, TKWQ said:

More than good or bad time, do a rent vs buy analysis. Many calculators available, you can google for it.

20% preferable if you can swing the cash for it.

Primarily people look for good school districts for their kids. Also impacts future resale. Other factors that impact a house value maybe transport options, general area safety proximity to major roads etc.

Distance from office depends on the location you are in. In the tri state area distances may be less, but commute time is still more. So look at commute costs and timing.

Also, keep monitoring interest rates. When i was buying, the mortgage company representative suggested we should both monitor the interest rate, as the builder delivery times were kind of slow and lock the rates at the appropriate time. I totally missed out on that, and rates increased by little bit by the time i could lock. Not a big difference in my case, but still its money i could have saved.

Wish you luck!

Thanks bhayya...Will keep in mind 

[venkat4u]

Property tax entha padutundo ekkada chudali?

[no01]

8 hours ago, Kalam_Youtheman said:

if newly married... schools picha lite.. neeeeku schools gurinchii pattinchikokuuu.... if pattinchukunnav ante neeku rates ekkuva untaayee... 

schools anedhiii pedhaaa waste katha in US... schools peru cheppi rates ekkuva untaayee for sure... if schools good unte 100% kids good a undaali kadha..ala undaadhu mari..it alldepends on your kid....ela learning and all... parents involvment kuda undaaali anuko...

Next go for townhome if first time , no condo no single family..condo aithe paina or kinda neghbors tho distbnc chaalaa... single ante maintenance issues.. waste karchuluuu... so first time always townhome.. if possible go for new construc,..

 

Office nunchiii max 30-40 min commute unte best.. lekapothe nee life nuvvvu 3-4 hrs daily road paina spend cheyyalsi untundhiii.... I know some one spend 4 hrs on road daily....

 

20% unte go for it.. if not 5%.... migithaa 15% emergency funds kindaa use cheskoo.... u will pay mortage insutance around 250 anuko permonth if 5% down

 

good time bad time ani emi undaaadhu..... its depends on your luck anthee....  

For future re-sale / renatal ki school dist. is very very imp. Nuvvu rental house lo unde plan aithe then it makes sense if you are single / newly married or new born kid...other wise for future re-sale point it always safe to look for school dist. 

I agree top school dist. lo chadivinantha maathrana pillalu manchi grades thechukuntaaru ani kaadu....adi okka reason ey kaadu. Usually top school dist. unna areas anni high rents and high priced houses untai...which means families who earn good amount will stay in those area.....ade low school dist. lo lower income families untai...which includes ppl who might have criminal records etc....so alanti families lo perigina kids ela untaro you can guess...and you dont want to put to kid in the same school where their kids are going. Its a bad bad influence on them.

At the same time, top school lo rich family kids unna danger...they buy drugs etc etc and do nasty things which they are afford.

kani desi's usually buy homes in good school dist. and now almost anni top cities lo mana desi kids population baaga peruguthundi anni schools lo.....and usually we do take care of our kids and their education a lot and we always watch on our kids....so school lo majority desi kids unte better....at least mana kid ki bad influence unna friends undaru....I know too many desi kids unte malli India laaga avthundi ani...but end of the day, we want our kids to be good (not just grades....character wise)...dont care if they only mingle with other desi kids...we want them to be safe anthe....adi imp.

[tables]

2 hours ago, venkat4u said:

ok any reason?

how confident you are that if you loose a job you will find one in the same city in 2 to 3 months? (given that you have 3 months emergency fund, which includes your EMI also).  now a days not many employers are sponsoring h1 , so we may end up in contracting which might force you to move out of city. there are people who do job in a different state (and their family stays in another state).

how satisfied are you with your current job? say if you get a promotion and a good opportunity in texas? will you make a move with all the hassle?  

ivanni might cases ee undochu..but try to balance them out and make a decision. at least wife working unna you can get into H4 and get a job; GC unte inka better. 

[megadheera]

9 hours ago, tony12345 said:

chester springs, kottaga TB vadu townhomes open chesadu

Check your PM

[speedracer]

3 hours ago, venkat4u said:

No H1 

Full time or contracting?

[Kalam_Youtheman]

4 hours ago, no01 said:

For future re-sale / renatal ki school dist. is very very imp. Nuvvu rental house lo unde plan aithe then it makes sense if you are single / newly married or new born kid...other wise for future re-sale point it always safe to look for school dist. 

I agree top school dist. lo chadivinantha maathrana pillalu manchi grades thechukuntaaru ani kaadu....adi okka reason ey kaadu. Usually top school dist. unna areas anni high rents and high priced houses untai...which means families who earn good amount will stay in those area.....ade low school dist. lo lower income families untai...which includes ppl who might have criminal records etc....so alanti families lo perigina kids ela untaro you can guess...and you dont want to put to kid in the same school where their kids are going. Its a bad bad influence on them.

At the same time, top school lo rich family kids unna danger...they buy drugs etc etc and do nasty things which they are afford.

kani desi's usually buy homes in good school dist. and now almost anni top cities lo mana desi kids population baaga peruguthundi anni schools lo.....and usually we do take care of our kids and their education a lot and we always watch on our kids....so school lo majority desi kids unte better....at least mana kid ki bad influence unna friends undaru....I know too many desi kids unte malli India laaga avthundi ani...but end of the day, we want our kids to be good (not just grades....character wise)...dont care if they only mingle with other desi kids...we want them to be safe anthe....adi imp.

mana indian mentality enti cheppanaa bro... inka manam konaakamundheee sale chese dhaaani gurinchii ekkuva alochisthaammm..... 

 

Also u r kids wont mingle with ppl other than brown skin... diversity undaaali bro... growing kids ki chaaala imp..... also mana vaaala ekkuva indians unte akkadene illlu kontaaaru... ento adhi matram ardham kaaaadhu.... illu sale cheyyalanaaa desi a konaaali malla

[AlaElaAlaEla]

H1s meeda unte buying home ane option koncham hold lo pettadam best given current situations. And the housing market is slowing down, less buyers because of increased interest rates, monne oka agent told, open house ki vellinappudu.

[venkat4u]

On 7/22/2018 at 8:38 PM, tables said:

how confident you are that if you loose a job you will find one in the same city in 2 to 3 months? (given that you have 3 months emergency fund, which includes your EMI also).  now a days not many employers are sponsoring h1 , so we may end up in contracting which might force you to move out of city. there are people who do job in a different state (and their family stays in another state).

how satisfied are you with your current job? say if you get a promotion and a good opportunity in texas? will you make a move with all the hassle?  

ivanni might cases ee undochu..but try to balance them out and make a decision. at least wife working unna you can get into H4 and get a job; GC unte inka better. 

ok bhayya...thanks

[venkat4u]

On 7/22/2018 at 9:13 PM, speedracer said:

Full time or contracting?

Full time