Sean and I (plus Karen!) are seeing a house tomorrow. We’ve been looking at it for a little while now and finally got ourselves hooked up with a realtor and made the appointment to take a look from the inside. The over-head views and photos listed online have sparked our interest enough to want to walk inside. There’s a pretty big in-ground pool so that’s a major plus for us – we’re like fish in the summer time if there’s a pool around! There’s also a MASSIVE kitchen that offers tons of storage and natural light. I’m excited to get in there to look around. It’s four bedrooms, four bathrooms PLUS an in-law suite, so if we actually do purchase the home, we’ll have someplace to stick people when they come to visit so they can have some privacy as well.
The biggest issue for me is leaving everything in NY. My entire family and all of my friends are there. One of which is kind of giving a guilt trip cause we’re coming down here and not looking in NY. The reason being – TAXES. The property taxes for a home on Long Island are in the $10,000 a year range. This is ON TOP of the $3,000 a month it would cost to OWN the home itself, so we’re looking at about $3,700 a month in outgoing bills. Where as down here, the taxes are in the $1,000 range. This is the more financially sound option for us because it would bring our monthly payments into the $2,300 range, which means between the two of us we have to make $1,500 a month in order to not only pay all of the bills, but general house maintenance as well.
What we’re looking for, as far as a mortgage is concerned, is the ability to ask for about $30,00 more than the cost of the home. We’d utilize this extra money to pay off all of our other debts so we can then bring our ‘outgoing bills’ payment to the same amount without having to worry about whether or not its going to be the car payment or the mortgage payment.
We’re jumping into this, we know this full well. It would be more financially sound for us to try to pay off more of the bills before we even consider a home, but when you just have that feeling that everything is going to be alright… you act on it. It’s the same thing I did when I left my stupid office job. As soon as my notice went in, work came spewing out of the woodwork. And since we’ve been in DE? We haven’t really been able to breath because of the workflow. If this is the sign that everything is going to be OK, then I’ll take it – and run with it.