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btrflygrl
me and baby #3!
Member since 5/05 12013 total posts
Name:
Shana
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I don't get how you all are doing it!
you'all are buying houses (which is SO hard in NY) and then you're turning around and redoing them....
how are you affording that? Am I missing something? I've been in my BRAND NEW house for 5 months now and we've yet to paint a single wall or buy anything new for the house.
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Posted 10/8/05 12:51 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
amarto
LIF Adult
Member since 7/05 908 total posts
Name:
Allison
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Re: I don't get how you all are doing it!
It has took us just over a year before we started doing anything to our house. We're finally starting to make it our home, but is has been a while.
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| Posted 10/8/05 1:31 PM |
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Re: I don't get how you all are doing it!
I was wondering the same thing. We just sold our 1 bedroom co-op and decided to just rent a 2 bedroom for now. We plan to move out of state in a couple years.. probably down south somewhere and we wanted to have the $$ we made from the co-op available if we decide to purchase something while still living here. What stinks that is that me and DH make good salaries and still can't afford a house. Its very discouraging.  More power to anyone that can do it!
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| Posted 10/8/05 1:33 PM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: I don't get how you all are doing it!
Danielle and I are lucky because we have her father who knows how to do all home renovations, and we have her brother in law that installs carpet and Pergo floors, and we also have the ability to do some of the other work ourselves. Even though we are still spending money, we arent spending as much as we would if we had to hire outside labor.
We wanted to make sure we had all the big messy projects done before we moved in. We are also lucky that we arent in a rush to move in, and the apartment we live in now isnt going to be rented out to someone else soon
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| Posted 10/8/05 1:40 PM |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
Name:
Did I ever tell you that I hate people?
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Re: I don't get how you all are doing it!
Instead of putting more $$ down on the house, we did an 80/10/10 so we would have some $$ for renovations.
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| Posted 10/8/05 2:13 PM |
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amarto
LIF Adult
Member since 7/05 908 total posts
Name:
Allison
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Re: I don't get how you all are doing it!
We are also doing all the work ourselves- too expensive to hire someone.
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| Posted 10/8/05 2:34 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: I don't get how you all are doing it!
I started buying four years ago when the prices were more reasonable. Now i have extra cash from sales profits.
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| Posted 10/8/05 2:43 PM |
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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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Re: I don't get how you all are doing it!
Posted by DjPiLL
I started buying four years ago when the prices were more reasonable. Now i have extra cash from sales profits.
Same here - my DH and I both bought apt's 5 years ago - Now we rent them out and the extra income helps us pay for our house.
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| Posted 10/8/05 2:50 PM |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
Name:
Did I ever tell you that I hate people?
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Re: I don't get how you all are doing it!
I just want to add that we are doing whatever work we possibly can ourselves. We gutted our house, and did all the demo ourselves!!!
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| Posted 10/8/05 4:56 PM |
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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Re: I don't get how you all are doing it!
We bought our house a little over a year ago and have almost everything finished, BUT, DH is incredibly handy so we've done most of the work ourselves. We purchased all the supplies on a zero interest credit card and made sure we paid it off over the year... that's how we did it!
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| Posted 10/8/05 6:51 PM |
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Re: I don't get how you all are doing it!
Posted by LisaW
Instead of putting more $$ down on the house, we did an 80/10/10 so we would have some $$ for renovations.
Lisa, what is an 80/10/10??? TIA!
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| Posted 10/8/05 6:56 PM |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
Name:
Did I ever tell you that I hate people?
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Re: I don't get how you all are doing it!
Posted by FireIslandLove
Posted by LisaW
Instead of putting more $$ down on the house, we did an 80/10/10 so we would have some $$ for renovations.
Lisa, what is an 80/10/10??? TIA!
We put 10% down on the house, and took out a mortgage for 80%, and then a HELOC (home equity line of credit) for the remaining 10%. 
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| Posted 10/8/05 6:59 PM |
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ckdk
My girls
Member since 5/05 7027 total posts
Name:
Cheryl
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Re: I don't get how you all are doing it!
We had a co-op to sell and saved lots of money and didn't spend all of it on the down payment. We knew we would need money to do work and buy furniture, etc..
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| Posted 10/8/05 7:42 PM |
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LIPrincess
Foxy Lady
Member since 6/05 1610 total posts
Name:
Jaimie
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Re: I don't get how you all are doing it!
My husband is doing all the work. We also took a 0% credit card and am now paying it off. Also, I do real estate pt for extra money.
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| Posted 10/8/05 7:45 PM |
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Re: I don't get how you all are doing it!
Posted by LisaW
Posted by FireIslandLove
Posted by LisaW
Instead of putting more $$ down on the house, we did an 80/10/10 so we would have some $$ for renovations.
Lisa, what is an 80/10/10??? TIA!
We put 10% down on the house, and took out a mortgage for 80%, and then a HELOC (home equity line of credit) for the remaining 10%.
Thanks! Is that to avoid PMI?  (We're now in the "researching our options" stage  )
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| Posted 10/8/05 7:49 PM |
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LisaW
Time for me to FLY!
Member since 5/05 13199 total posts
Name:
Did I ever tell you that I hate people?
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Re: I don't get how you all are doing it!
Posted by FireIslandLove
Thanks! Is that to avoid PMI? (We're now in the "researching our options" stage )
Yes, we avoided PMI by having the 2 loans, and also had extra $$ by only putting 10% down!!
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| Posted 10/8/05 7:53 PM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: I don't get how you all are doing it!
We bought over 5 years ago, and are still doing work. The good thing was we paid so little compared to what the house is worth now. But one project at a time is what helps save as you go.
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| Posted 10/8/05 10:26 PM |
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dengal
Dad of Twins
Member since 5/05 1385 total posts
Name:
The 80's Man
Let's Go Mets!
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Re: I don't get how you all are doing it!
We bought a condo for a low price 5 years ago, sold it for a high price 3 years later. Used profits to have house built.
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| Posted 10/9/05 2:13 AM |
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peabody
Love green icing!!!
Member since 5/05 4691 total posts
Name:
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Re: I don't get how you all are doing it!
We save a TON OF $$$ because Phil does all the work himself.
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| Posted 10/9/05 2:36 AM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19461 total posts
Name:
L
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Re: I don't get how you all are doing it!
Well, although we qualified for a lot more than we took out, we only used part of our savings and did not take out the huge mortgage. Instead of getting a home we went with a town home. We are using some of the money we could have spent on a bigger home on furnishing the home that we purchased. We want to live within or below our means so that we do not have to worry about money.
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| Posted 10/9/05 7:24 AM |
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lorimarie
AHHHHHHHHHH!!!!!!!!!!!
Member since 5/05 3753 total posts
Name:
Lori
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Re: I don't get how you all are doing it!
DH and I have done everything in our house. My dad is a contractor so we paid his guys to come in and do our upstairs bathroom (DH did the one on the lower level himself).
DH installed the flooring on the lower half and for any stone/tile work we had my dad's 2 workers who are awesome come in b/c we didn't want to screw it up LOL.
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| Posted 10/9/05 11:49 AM |
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Re: I don't get how you all are doing it!
Posted by LisaW
Posted by FireIslandLove
Thanks! Is that to avoid PMI? (We're now in the "researching our options" stage )
Yes, we avoided PMI by having the 2 loans, and also had extra $$ by only putting 10% down!!
Got it! Thank you so much!
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| Posted 10/9/05 12:31 PM |
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HarleyGirlFLA
Come on in
Member since 5/05 9674 total posts
Name:
Mel
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Re: I don't get how you all are doing it!
Furniture wise it's one room at a time. We haveour bedroom and the formal living room left to furnish.
I got lots and lots of stuff from my bridal shower that has helped us with things around the house, his family gave him lots of gift cards since I had a bridal shower to home depot and other places.
My parents came down in August and mom was on a crazy shopping spree. Seriously I did not even own a toaster until mom came down.
We hade a gift card, coupons and store credit at bed bath and beyond and gots lots of good things thanks to those items.
As cosmetic, their are a few little projects I want to do like finish the flower beds, paint and hang a few things but that is all one project at a time.
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| Posted 10/9/05 12:46 PM |
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Bebalina
<3
Member since 6/05 2922 total posts
Name:
N
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Re: I don't get how you all are doing it!
well paint we get hook ups thru a friend , so thats discounted.
and a lot of the work we're doing ourselves...the bigger work, we'll do slowly.
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| Posted 10/10/05 1:28 PM |
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cloddy
Holiday 2011 photo
Member since 8/05 8088 total posts
Name:
Kristen
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Re: I don't get how you all are doing it!
If it makes you feel any better, not all of us are redoing our houses. We spent every dime we could borrow to get the house we wanted and there's nothing left. Now, other than paint (which is cheap, but even with that DH will only let me do one room every six months or so, only three are painted in two years) and furniture that can be purchased at the Salvation Army, we can't afford to do anything with it, but I'm trying to be patient. After all we've got a lifetime to make it our own. If I did it all right away, I know me and I'd probably get bored and want to re-do it!
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| Posted 10/12/05 5:23 PM |
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