Instead of wasting our money on an apartment, my fiance plus I thought we should use it for a downpayment on a small house.
- When you live in the city, you need to have first plus last month’s rent paid ahead of time, along with a security deposit that was equal to the rent you were paying.
In more than 2 cases, this could be as much as $6000 or more. Along with the rent we would be paying while there, we could have a nice downpayment for a small lake house in the suburbs. As soon as I said this, my fiance was starting to call realtors so we could choose who we wanted to work with. The people I was with and I knew our price range, where we wanted to live, plus we wanted a current HVAC system. Along with the money we had saved on rent, we were going to forego the big anniversary plus use that $50,000 toward the home’s downpayment. When our chosen realtor thought she had the perfect home, she called plus made an appointment. Three nights later, we were looking at the house. Jill loved the lake house plus she started asking questions. The first thing she asked was how seasoned the HVAC proposal was. The realtor told us the owners had put the HVAC proposal in about 4 years earlier. After looking at the air conditioning equipment plus the furnace, I wanted to know 4 years earlier than what? WWII? I asked the realtor if she was sure they had installed a current HVAC proposal in the house. She answered by telling me she had more than one more houses to show me.