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Starter Home or Run?

It has come the time to buy a house and become a more adultier adult. I'm sick of renting and I'm just throwing away money.

I absolutely love a house I looked at the other day. I've been approved for a fantastic amount at a low rate and payments. For reference I'm in Manitoba.

This house is beautiful and completely redone inside. Open concept kitchen and living room with an island. Finished basement with 4 bedrooms, 2 bath total. Technically about 900 square feet but main and finished basement add to the space. An above ground pool stays and I've got a fenced yard! But... when I asked about hydro budget I was told $310 (YIKES).

Upon further investigation from me and my realtor we learned the husband is a hunter trapper and has 5 large deep freezers, 3 full sized fridges, and 4 air conditioners, none of which are newer. The sellers estimate without all this, hydro would be $150-$175. They have electric baseboard heat and new insulation/doors, and the house does stay cool in summer with 1 window air conditioner. Confirmed the latter as it was 32C outside yesterday and the house actually seemed cooler than I like.

Is this a good estimate for hydro expenses for winter? What do you or people you know pay? Summer I'd obviously turn the baseboards right off. I'm used to either wood stove heat or gas/electric with forced air.

submitted by /u/FellowCanadian_
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/otzuef/starter_home_or_run/
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