Thinking of buying a house... - Honda Goldwing Forums
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post #1 of 29 (permalink) Old 08-27-2019, 04:21 AM Thread Starter
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Thinking of buying a house...

it may not be much of a house, but i think it is within my budget. i will have to visit my bank to see what the mortgage will look like. kind of a scary prospect, being stuck in a loan for 30 years... it would be easier if i could find a trustworthy roommate to share the cost. i don't even have money for a down-payment. i have high-hopes that there is some sort of first-time-buyer program to help me out.
I wouldn't be able to afford internet, or parts for any of my several projects, and i may even have to sign up for food-stamps (EBT). but i will know more once i visit the bank, as i have no idea what utilities will cost.
I suspect it has a well, and septic system, so those shouldn't be too expensive. on top of whatever bills i have now, i would at least have to pay for power. i wouldn't need a phone, as i have a cellular phone. i think it has propane heat, so i will have to figure out how much it would cost for heat through the winter.
as for things i will have to fix on the house, the siding looks a little weathered, but the roof looks good.


~Travis
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post #2 of 29 (permalink) Old 08-27-2019, 05:00 AM
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Is there mowing involved ?

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post #3 of 29 (permalink) Old 08-27-2019, 05:05 AM Thread Starter
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Is there mowing involved ?

...will be if i buy it. we have a push mower i may be able to use. snow removal in the winter, as well. i don't have a snow blower, but maybe i could pick up a used one somewhere.


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post #4 of 29 (permalink) Old 08-27-2019, 05:06 AM
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If there is mowing involved, count me out .

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post #5 of 29 (permalink) Old 08-27-2019, 05:11 AM Thread Starter
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Originally Posted by Chopin View Post
If there is mowing involved, count me out .

but mowing is easy, compared to snow removal, early in the morning, before leaving for work.


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post #6 of 29 (permalink) Old 08-27-2019, 06:47 AM
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Check it out and see what the bank says. I think there are some $$ issues you will have to overcome. I'm not sure the bank will look kindly on you needing to apply for food stamps.
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post #7 of 29 (permalink) Old 08-27-2019, 08:38 AM
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Travis, there are lots of things to consider in a home purchase, but you have listed most of them. I know mortgages (unlike ours) and I believe property taxes (up here they are often rolled into the mortgage) might be deductibles on your annual returns, so that helps ease the bite some. Buying into a 30 term is likely the scariest part. Utilities might be able to be put into a package so only one monthly bill? Water and sewer on acreages are usually a one time payout, but they are not without their own maintenance issues, I've been an acreage dweller for 40 years so I deal with it myself. Driveway snow removal is one thing, but check into seasonal access road maintenance as well, that can be a concern during winter storms. But it all does come down to the bank you deal with...
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post #8 of 29 (permalink) Old 08-27-2019, 08:58 AM
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I don't know how far they have to go to get good water there but down here it is around 500 feet to get to an aquifer. Price for that was about $8000 some 20 years ago. Doubled since then. The 1000 gallon septic ran close to $7000 at that time. That to has gone way up in price. So, your talking $15 to 30 k just for water and waste. Propane is expensive to heat with. My neighbor has that and has to have a 500 gallon tank re-filled about every 3 months at over $ 2 + dollars per gallon. Living in the country is great but sometimes it costs a lot to get here. Just make sure you check out all the prices prior to signing on the dotted line. The things I listed above are not included in the mortgage. Good luck and don't go blindly into a 30 year debt. And by the way, don't "suspect it has water and waste"......"Inspect water and waste" Have the well tested and the septic tested. ... Isaac
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post #9 of 29 (permalink) Old 08-27-2019, 09:00 AM
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I would ensure it has a good septic system and well as these can be very expensive to "replace". I had to replace both on the old house I bought and IMO it can be a deal breaker.
Good luck Travis!
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post #10 of 29 (permalink) Old 08-27-2019, 09:08 AM
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That looks like a lot of lawn for a push mower. We just had our septic tank pumped, 1000 gallons= $500.00 we have it done every 5 years.
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