Skip to main content

Do you believe two people living off a combined income of 1500/1800 a fortnight can afford all the parts that come with home owning, with the mortgage paid off, and I have 50k savings

So basically, i am about to win a fair bit of money in a victim claim, 500k to 1 million (rough number but have been guaranteed a min of 500k). I will be using this money to move out of Perth to Bridgetown. I am currently on disability which will expire in 2 years, where I will work part time to support any other bills i may need with my mortage paid off. So what i am asking is i have a partner of 5 years, I am going to marry this man, who has supported me through everything and has never asked for a penny. He is currently unemployed, to start studies and eventually a part-time job when we move (could take over a year to find one due to low job opportunities, although both happy with retail, supermarket any little job). When we move the understanding is we will split all bills and council rates, as charging him 'rent' isnt something i find necessary as the mortage is paid off and i wouldn't charge him anything as this has been OUR blessing (however we both agree the house will remain solely in my name (unless we split when married or defacto relationship is eventually relevant and to split all other relevant house costs/repairs/maintenance etc). As I have never bought a house, do you believe two people living off a combined income of 1500/1800 a fortnight can afford all the parts that come with home owning, with the idea that the mortgage is paid off, and I have some savings in a high interest savings account.

Any tips will be most appreciated. Id like to quickly add me and my partner have both suffered from mental health, so neither of us want to work full-time if we can avoid it. he is considering getting his marketing degree and working from home as a social media manager, or simply pick up a cruisey part-time job within a 30/40min drive from where we live. House wise, something not too old with a managable garden to avoid tree lopping costs and major repairs. Grocery wise, 2 big costco trips a year and shop at woolies in Manjimup- Cheers

submitted by /u/AndersonFrogB32
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1anddh1/do_you_believe_two_people_living_off_a_combined/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear
1 comment
Read more

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th
Post a Comment
Read more

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/
Post a Comment
Read more