What's it like being a home owner?

We all know that the cost of living is rising, pay is not, for the most part.

I worry about the increasing price of rent, especially while being single.

I'm wondering if I should start planning on buying a "fixer -upper" in the next few years since a monthly mortgage payment is cheaper than apartment rent.

I understand I'd have to get everything that breaks down, fixed in a house.

I'd have to pay property tax, and higher bills.

Any thoughts or advice?

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WillaKissing · 56-60, M

I would sub jest a fixer upper if you have the knowledge and skills to do the work yourself. Because bathroom remodels if you pay someone to do a bathroom can run you $10,000 or greater, and I heard kitchens are $25,000 or greater. So, if you have the skills and can do the work yourself then a fixer upper is the way to go because you will only have material costs.

I rented once in a condo complex when I went through a divorce, and I paid more there in association fees and bills than I did for a house I bought later.

The greatest thing about a home or condo that you buy is if bought in the right area it appreciates in value and as you pay the loan down you are putting money back into your own pocket and not a landlord. I highly sub jest to anyone but VS renting.