- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Buying my first house
Posted on 1/28/18 at 10:09 am
Posted on 1/28/18 at 10:09 am
I live in the northern VA area. Looking to buy in a year or so, put 10% down, and rent out two of the bedrooms. Price point is 250k-375k. How much money after the down payment should I put aside for random maintenance or an “oh shite fund”?
4
Posted on 1/28/18 at 10:13 am to themasterpater
Aside from your downpayment also remember you will likely be liable for at least some closing costs/pre-pays. You will have to pay 15 months of insurance/taxes up front. Sometimes a seller will help with these costs, but I always make sure my buyers have enough just in case.
This post was edited on 1/28/18 at 10:44 am
Posted on 1/28/18 at 10:29 am to themasterpater
I put 2% of my homes purchase price into an account for maintenance and incedentals annually. I just look at it as a part of my mortgage payment.
It’s also a good way to save for home improvements. Anything over 10k in that account is fair game to use to remodel or make our home more enjoyable.
Also depends heavily on the age and condition of your home.
If you are buying new construction, you might be able to get away with less. But if your house is 30 years old with an old roof and AC you may want to go slightly higher.
It’s also a good way to save for home improvements. Anything over 10k in that account is fair game to use to remodel or make our home more enjoyable.
Also depends heavily on the age and condition of your home.
If you are buying new construction, you might be able to get away with less. But if your house is 30 years old with an old roof and AC you may want to go slightly higher.
Posted on 1/28/18 at 11:08 am to themasterpater
Where are you going to find a place in NoVA with more than 2 BR for under $400k?
Posted on 1/28/18 at 12:36 pm to themasterpater
Check out Lake Ridge, between Woodbridge and Manasas.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News