be less than it is for rent at my apartment. But, with living in a bigger house the electric bill will be a little bit more. Is the space going to be worth it? Do you think I should go for it?
2007-12-21 03:22:21 · 13 answers · asked by bonstermonster20 6 in Business & Finance ➔ Renting & Real Estate
if you are worried about utilities being higher ask him to pay the difference.
I could never live in apartment again, I would go for it.
If he is your friend help him out, but make sure you know what each of you expect from the other. You need to find out who will have power of attorney over the home will he is deployed. Decisions may need to be made in his absence. There may be periods of time where you will not be able to contact him. Who ever he appts as power of attorney should be aware of the your arrangement. There should also be funds set aside to handle issues/repairs with the home
2007-12-21 04:37:41 · answer #1 · answered by Ross 6 · 0⤊ 0⤋
You can have it both ways. Make the effort to conserve power while using the larger apartment. Keep the heat down. See if you can avoid heating those parts of the apartment that you are not using. Wear a sweater. Use an extra blanket. Get some compact fluorescent bulbs. Don't run the hot water more than necessary. Consider turning down the temperature on the hot water heater. Check the refrigerator to see if it is on optimum setting. For other ways to save power see this site: http://www.flexyourpower.com/
2007-12-21 11:30:28 · answer #2 · answered by artwhiterealtor 3 · 1⤊ 0⤋
Depends. What other expenses will you have? Who makes the mortgage payment, taxes, heat, and other utilities? The electric shouldn't be much more, unless it has electric heat. Then all bets are off.
I'd ask for copies of his utility bills so you can see what the costs have been.
The other problem would be that you will have to move twice in the next 18-20 months. If that's not a problem, great. But how much will you save to make that a worthwhile effort?
Also - what happens if he gets severely injured or killed? Will you suddenly have to move out if he needs to sell the house? It's unlikely, but possible, so you should consider that.
2007-12-21 11:29:13 · answer #3 · answered by Ralfcoder 7 · 0⤊ 2⤋
Not really true. Although it will be a little higher, as long as your usage is about the same it will only increase by probably $50 max.
I left my 1BR apt paying on average $100 a month. I am currently in a 3BR home and still average $100 a month. Could be that the appliances were crappy at the old place too. I don't think they were very efficient.
2007-12-21 11:29:06 · answer #4 · answered by Veritas et Aequitas () 7 · 1⤊ 0⤋
It will actually be a lot more, so will the heating bill. At my apartment I spent $20 on electric and all other utilities were covered. In my house there is electric, gas, water/sewage/garbage. Each one of those bills is over $125 each month.
2007-12-21 11:27:44 · answer #5 · answered by Steve is cool 5 · 0⤊ 1⤋
He's using you
Instead of getting a management company to rent out his house (and pay them a fee), he's using your trust to look after his place better than a normal tenant.
What happens if something goes wrong with the house? If the landlord is abroard, who will pay for fixing your boiler?
You'd be much better with a straight forward tenancy.
If you go ahaed, and I strongly recommend that you don't, make sure there is a lease to protect you if he comes home early.
2007-12-21 11:34:56 · answer #6 · answered by rosie recipe 7 · 1⤊ 1⤋
Look, sounds like a pretty good arrangement to me. The electric bill can't be that high and if it is, just cut back. You also doing our serviceman a huge favor. Thank you. Merry Christmas
2007-12-21 11:38:06 · answer #7 · answered by Alterfemego 7 · 1⤊ 0⤋
well it all depends in a way yeah why not it will help u save some money and its a bigger area and is also a place of some1 u know.... but do you need the bigger space? and is it going to end up as the same with a higher elctricity? just small details u would have to think of
2007-12-21 11:30:33 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Ask him if he is willing to pay you for house sitting. That means you stay in your own place while checking on his house at least once a week. That way the utilities will not become an issue,the house is still being cared for and no one is taking advantage of the other. It would be a win-win situation for the both of you.
2007-12-21 11:49:24 · answer #9 · answered by Anonymous · 0⤊ 2⤋
Tell your friend your concern and ask if you can see a couple of his electric bills. If they are higher, then you gotta ask yourself do you really need more space? Is it a shorter commute to work?
2007-12-21 11:29:07 · answer #10 · answered by acadicon 2 · 1⤊ 0⤋