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Started By
Message
re: For you youngsters; The truth about owning a home
Posted on 12/20/22 at 10:34 am to PrecedentedTimes
Posted on 12/20/22 at 10:34 am to PrecedentedTimes
quote:
Tell me you haven’t rented in 20 years without telling me
I rent. Most of those closest to me have bought homes in the past 2-4 years. From my perspective, I'm spending way less and have less stress.
1
Posted on 12/20/22 at 10:36 am to Eli Goldfinger
quote:
Renting sucks for the lifestyle compromises, but it’s probably more cost effective.
Our mortgage is cheaper than what our rent was going to be on a new lease when we left.
quote:
Besides your mortgage & escrow, you should expect to drop another $5K/yr average on upkeep & maintenance.
That seems high. But still worth it to own a home and not be in an apartment. Full stop.
Posted on 12/20/22 at 10:40 am to Eli Goldfinger
quote:
$5K/yr average on upkeep & maintenance
Gzus - whaT is wrong with your house?
Posted on 12/20/22 at 10:41 am to Eli Goldfinger
shite I pay that a year in lawn maintenance
Posted on 12/20/22 at 10:42 am to Eli Goldfinger
This was an expensive year (new stove and hot water heater in attic totally failed causing water damage) and I still spent less than 2k on maintenance and upkeep...wtf are you doing and/or breaking every year??
Posted on 12/20/22 at 10:45 am to Eli Goldfinger
i don't really think your 5k/year number is that far off and im guessing most people are not actually itemizing and keeping track of everything that would fall into that category.
it very well might be slightly high, but it's not out of this world at all.
it very well might be slightly high, but it's not out of this world at all.
Posted on 12/20/22 at 10:52 am to rockchlkjayhku11
quote:
i don't really think your 5k/year number is that far off and im guessing most people are not actually itemizing and keeping track of everything that would fall into that category.
overseeding/renting an aerator/fertilizing in the fall will run you at least $500 and thats considering you DIY the job and not pay someone
mulch/fertilizer throughout the year is another $500+ easy
watering the lawn in the summer adds at least another $500 to my water bill over the season
pool maintenance/chemicals is at least several hundred dollars a season and for me, i have to close it in the fall to handle the weather (-1 this friday) and thats $300 to close and $300 to open in the spring
i dont consider any of those things out of the ordinary.
eta then you factor in a new lawnmower at some point $500-$1k, pool equipment replacement, the wife going crazy with buying flowers/plants/setting up the garden in the spring...)
5k is not unreasonable. normal stuff adds up quick.
This post was edited on 12/20/22 at 10:55 am
Posted on 12/20/22 at 10:54 am to CAD703X
quote:
pool maintenance is at least several hundred dollars a season and for me, i have to close it in the fall to handle the weather (-1 this friday) and thats $300 to close and $300 to open in the spring
Pool maintenance is just a black friggin hole. Over the past 2 years I have had to replace 2 pumps, several valves, a heater and the remote control to make it all work.
Posted on 12/20/22 at 10:56 am to CAD703X
quote:
i dont consider any of those things out of the ordinary.
Then you don’t live in reality. Fewer than 1% of people are spending $500+ on fertilizer, $500+ on mulch, $500+ watering the lawn, owning a pool at all. Even fewer are spending all of that combined.
Posted on 12/20/22 at 10:56 am to Eli Goldfinger
quote:
expect to drop another $5K/yr average on upkeep
if the only tool in your shop is a rolodex
Posted on 12/20/22 at 10:56 am to Eli Goldfinger
quote:
you should expect to drop another $5K/yr average on upkeep & maintenance.
Tell me you bought a DSLD home without telling me you bought a DSLD home.
Posted on 12/20/22 at 10:58 am to Ten Bears
quote:
Pool maintenance is just a black friggin hole. Over the past 2 years I have had to replace 2 pumps, several valves, a heater and the remote control to make it all work.
yep. i would love for this question to be posed on the 'home/garden board' and i bet you'd get a completely different response.
those are normal baws and we EASILY discuss more than 5k worth of home maintenance each year on that board.
Posted on 12/20/22 at 10:58 am to Eli Goldfinger
I bought a house in Austin and after 3 years sold it for more than twice as much as I paid for it. Easy/peasy $400,000 in my pocket. Couldn’t have done that renting.
Posted on 12/20/22 at 10:59 am to PhiTiger1764
quote:
Then you don’t live in reality. Fewer than 1% of people are spending $500+ on fertilizer, $500+ on mulch, $500+ watering the lawn, owning a pool at all. Even fewer are spending all of that combined.
sorry your lawn is brown and full of weeds.
i live on a little under an acre now and i need 3 bags of grass seed in the fall and those bags are $150 each.
fertilizer isnt cheap either unless i guess you don't maintain your lawn.
This post was edited on 12/20/22 at 11:01 am
Posted on 12/20/22 at 10:59 am to REB BEER
Replacing a roof could easily be $5k averaged over four years.
Posted on 12/20/22 at 11:00 am to CAD703X
I see we are now conflating luxury maintenance as normal maintenance
This post was edited on 12/20/22 at 11:00 am
Posted on 12/20/22 at 11:01 am to Salmon
quote:
I see we are now conflating luxury maintenance as normal maintenance
wait what? its luxury maintenance to maintain your lawn?
a pool is a 'luxury item'?
Posted on 12/20/22 at 11:02 am to CAD703X
quote:
sorry your lawn is brown and full of weeds
Congrats. Your lawn is your hobby and you like to spend $5k/year on it. There’s nothing wrong with that.
But stop pretending like aerating a yard for $500/year is normal home maintenance. No one has to do this.
Posted on 12/20/22 at 11:02 am to Eli Goldfinger
I bought a house that is 20 years old. I am learning most things in a home have a useful life of 20 years
Posted on 12/20/22 at 11:04 am to PhiTiger1764
quote:
But stop pretending like aerating a yard for $500/year is normal home maintenance. No one has to do this.
i guess i shouldn't trim my shrubs either. i've done this my whole life and didn't realize it wasn't 'normal'.
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