Hi, Guest
03-01-2006, 01:51 PM
Okay, in terms of buying a place, the last thing you want to be right now is "house rich/cash poor" IOW it's never a good idea to buy as much of a place as you can afford, better to shoot lower and have that extra room.
Whether you buy a house or a condo depends entirely on whether you want to have the full care and control (not to mention the responsibility) for all the bills you may never think of now (Heat, hydro, utils, water, property taxes) and the maintenance and upkeep of the property.
Closing costs is a nice gotcha to watch out for including a nice chunk for lawyers fees, I caught a break because it's a lawyer in the same building where I work and I've done him favours before, but it was still $500.
One other thing. Set aside an amount of money to buy yourself something nice for your new home. It doesn't have to be extravagant and can actually be something you need, but it helps to give you that sense of "home" seeing that item when you come back to your place.
NefCanuck
Whether you buy a house or a condo depends entirely on whether you want to have the full care and control (not to mention the responsibility) for all the bills you may never think of now (Heat, hydro, utils, water, property taxes) and the maintenance and upkeep of the property.
Closing costs is a nice gotcha to watch out for including a nice chunk for lawyers fees, I caught a break because it's a lawyer in the same building where I work and I've done him favours before, but it was still $500.
One other thing. Set aside an amount of money to buy yourself something nice for your new home. It doesn't have to be extravagant and can actually be something you need, but it helps to give you that sense of "home" seeing that item when you come back to your place.
NefCanuck