Quote:
Originally Posted by AFireInside
Also I find it funny saying buy something you can afford. Often a townhome while having a lower price, will cost the same monthly as a house after you add in condo fees.
Lets see a 250,000 townhome with 200 a month for condo fees. Townhomes often don't include electricity and/or heat so add that in.
OR
A 300,000 house. Often the money per/mth will be very similar.
200 - 250 bucks per month onto your mortgage payment for condo fees is quite steep. If you move up 50,000 in your mortgage for a house it will be verrrry similar.
That said there are other advantages to a townhouse!  |
Don't forget to consider that your electricity/heat/gas/insurance/maintenance will most likely be higher as well depending on the size of your home. So don't forget that in your calculations as well.