Since my divorce My daughter and I live with my mom to help us and to financelly help her. She got a large inhert. and no longer needs help so were moving. I got a 1 bdrm coz I spend all my time in the lvg room and ktch anyway. I do not think I need to spend 100 extra to make someone else rich when I could save it for a downpayment on a house. Good or bad idea?
2006-09-10 04:06:11 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I forgot to mention that my daughter is getting the bedroom I am getting a daybed for the living room because she is a teenager and needs her own space
2006-09-10 05:39:22 · update #1
Hi,
I think you have made your decision and your cozy little home sounds wonderful. I to a single mom and live in the home of my brother and his family, I can somewhat relate. Having been a real estate agent, if you are renting a 1 bedroom and saving money good for you. When you decide that you are ready to start looking for a home to buy always remember the re-sale value, though in your heart you may feel you will never move again, you might and you would want to get back more on your investment.
I think you have a great idea.
bmore4us
2006-09-10 05:14:08 · answer #1 · answered by bmore4us 2 · 0⤊ 0⤋
Hello,
what you should do ,and I dont know what type of relationship you have with your mother but sounds streong, Have her loan you enough for a sizable down payment so your payment wont be out of reach or stressful in a nice new housing developement so everything is new and warrenteed, again less stress, having to fix things in a home and pay for It can be overwelming, then refinace 2-5 years down the line and pay her back, the tuffest part of home ownership is just getting in the door,100 a month saved wont cut it and you and your daughter need it now and housing is going down and with enough down payment you could get a good fixed loan with low interest rate, dont waste time kiss moms *** now, this could be the beginning of a hole new life for you and your daughter, IM PRETTY DAM SMART
2006-09-10 08:41:31 · answer #2 · answered by matt_cruz@sbcglobal.net 5 · 0⤊ 0⤋
short term it is okay but depending on how old your daughter is she is going to want her on room so your logic is correct and sounds like you have a plan the only thing left is for you to follow through. Buying a home is a big investment and can be intimidating but remember there are thousands that do it everyday explain to your daughter what your plans are and live life eachday as it were your last good luck and I hope this helps you
2006-09-10 04:12:54 · answer #3 · answered by Kenny 2 · 0⤊ 0⤋
Given you have a kid it sounds like your thinking for the future, good for you. Anytime you can save money towards the acquisition of a home it is a good idea, you might also check your section 8 programs in the municipality you live in, sometimes they have programs for single mothers that will allow you to save even more money.
Good luck and "your not fired"
2006-09-10 04:13:24 · answer #4 · answered by newmexicorealestateforms 6 · 0⤊ 0⤋
you should attempt making issues as uncomfortable on your boyfriend's brother as they're for you. advise : video clips of organic childbirth. Ask him to be your lamaze coach, because you could continually anticipate him being round. tell him sorry you peed on his air mattress somewhat. Pregnant women each and every each and every now and then have somewhat situation with incontinence. someone change into interior the lavatory, so that you sat down, attempting to carry it. regrettably, once you stood up...Then supply him a urinal. He doesn't quite opt to apply the lavatory if all he has to do is pee, precise? purchase a lot of massive cumbersome maternity pads and save them on your the front room. enable him understand he doesn't ought to agonize about them. you'll initiate making use of them after the toddler is born, because it is going to likely be like having a heavy era for 6 weeks. Have somewhat one bathe, and make him play each and every of the most obnoxious video games. Get a breast pump, and keep it assembled on the kitchen counter. Then, tell him now to not use the milk interior the little bottles. do not tell him until eventually he has had a sip.
2016-10-15 23:56:24 · answer #5 · answered by ? 4 · 0⤊ 0⤋
I think it is a good idea.
I have a bedroom but I sleep in the living room because I like to.
Why pay for an extra room that you don't need?
2006-09-10 04:47:13 · answer #6 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
Sounds like a good idea to me and it's a good lesson for your daughter to see you make sacrifices now so that you can have more in the future. Point this out to her and hopefully she will apply it to her own life.
2006-09-10 07:44:04 · answer #7 · answered by Not Laughing w/ U 3 · 0⤊ 0⤋
Depends, how old is your daugther? Social Services, has laws about that when children reach a certain age, they need to have a room, seperate from their parents.
2006-09-10 04:12:29 · answer #8 · answered by Linds 7 · 0⤊ 0⤋
Sounds like a plan!
2006-09-10 06:56:48 · answer #9 · answered by Bostonian In MO 7 · 0⤊ 0⤋
what about your daughter.
2006-09-10 04:13:19 · answer #10 · answered by sujith 2 · 0⤊ 0⤋