Your First Home

[saks]

Re: Your First Home

@WendyDarling

It depends on where in the US you live. Homes and property taxes are so high where I live. I mean a decent move in ready single family will cost you no less than 450-500k .. if you want a nicer one you gotta up your price to atleast 600k and even those homes aren’t perfect Prices depend on how good the school district is here, the better the schools the higher the prices.

The home we’re living in right now is our first home. We bought it in 2010, I won’t disclose the price though. It’s a townhome and has no garage or basement. It’s a 3 bed 2.5 bath and has an semi open concept living downstairs. We have no backyard but we do have a deck. It was not cheap, considering what we’re getting for the price … which is not that much. We pay an HOA fee of $290 every single month! And our taxes are crazy … CRAZY!!! But we live in a town with blue ribbon schools … our kid is 2 and won’t be going to school for another 3 years

We did have money saved up for the down payment.

Whats an HOA fee? Is that like a monthly maintainance fee? My parent old townhouse has this fee as well and they hated it.