Originally Posted by
4wrestling
Originally Posted by
ooIRON MANoo
4wrestling- That is a
spot. How much did it run you?
They were asking $274,900, and I got them down to $250,400. I put 20% down and have a
30 year fixed at 5.0%.
Putting 20% down will definitely pay off in the long run (avoiding the mortgage insurance), but for the short term, my pockets are pretty tight.
I plan on making a major post in this thread or possibly creating a house transformation thread of my own. I have been going through each and every page to get inspiration for my new house. I just bought an older two level home that was absolutely disgusting inside. It wasn't health hazard dirty, but the decor was absolutely hideous. Wallpaper on every wall, 20 year old carpet and draperies, wood molding everywhere and weird upgrades.
I paid 200k and got a 30 year fixed @ 4.5% with half a point in lender credit. The money saved at closing (small down payment) enabled me to completely re-do everything on the inside. I know the smart investment move would be to throw as much down and pay off the house as quickly as possible and upgrade over time, but I want to live comfortably in a house that I enjoy.
As it stands now I have purchased the following:
- New 4 piece stainless steel appliance set
- Laminate flooring (Toasted Chicory from LL) for the dining and living rooms (concrete slab living ftl)
- Granite countertop getting installed Friday
- New undermount sink installed Friday
- New breaker panel and all new electric
Currently, every floor is stripped down to the subflooring. Every wall has been stripped of its wallpaper and I'm in the process of patching and priming. I have to buy a new back slider as well as a new front door. The kitchen cabinets are getting painted white with all new hardware. I've built a pantry in a storage closet. O yeah, I'm putting in a new bathroom in the master.
The projects are endless and I probably won't get to buying all the furniture/accessories for some time now, but seeing what is in this thread is definitely motivating me to push forward.