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Buying a townhome

Discussion in 'BBS Hangout' started by ToyCen428, Sep 24, 2010.

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  1. G0 R0CKETS

    G0 R0CKETS Member

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    1 person likes this.
  2. ToyCen428

    ToyCen428 Member

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  3. DrLudicrous

    DrLudicrous Member

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  4. bnb

    bnb Member

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    That's a nice house. (hover requirement for the car notwithstanding).

    But $964/mo seems mighty low for a $222K house. Read the fine print. (looks like it's net of tax benefits and before HOA and other costs).

    Good luck.
     
  5. ima_drummer2k

    ima_drummer2k Member

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    LOL, pretty sure those are model homes, guys. Model homes put sales offices in garages. Standard procedure.

    This is the model we're looking at. Pretty obvious where the garage will go. :)

    [​IMG]
     
  6. tinman

    tinman 999999999
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    go to the homeowners association meeting if you can, you'll find out what the issues are in the community.

    have the homeowners taken over or is it still owned by the developer?

    keep in mind your HOA fees will go up
     
  7. ToyCen428

    ToyCen428 Member

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    why exactly would they go up? Im not schooled on home owner lingo like I should be.
     
  8. tinman

    tinman 999999999
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    the developer is paying for most of the costs, so when the property is sold out, the owners take over and pay for the whole thing.

    the person who's in the main office of a property, that person gets a salary.

    things break, crap happens.

    HOAs going up is like predicting if fish swim

    ask them for a copy of the fiscal budget
     
  9. DCkid

    DCkid Member

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    Man, $160k for a brand new townhome? Give me two of them. A home like that would cost upwards of $600k in the DC metro area. I know they're not as common in Texas, but townhomes are pretty much the norm in many parts of the country.

    As far as fees, townhomes have HOA fees, but they are typically nothing compared to condo fees which are usually about four times more expensive.
     
  10. DCkid

    DCkid Member

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    That's for a condo, right? Certainly not for a townhome?
     
  11. ToyCen428

    ToyCen428 Member

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    This is in between Williamsburg, VA and Richmond. Williamsburg was too expensive so we went looking outside the city a bit.
     
  12. cheke64

    cheke64 Member

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    I cant live in townhomes or duplexes. I need my space.
     
  13. ToyCen428

    ToyCen428 Member

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    wow, apparently there is a waiting list to get in line for the irate Ryans Homes customers...

    http://ryanhomesnightmare.com/ryan_emails.html

    Really makes you think twice, they get you in with the good price and good sq. footage but cheaply, and carelessly build your home.
     
  14. Baqui99

    Baqui99 Member

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    Yep, this is why I don't own yet. :(
     
  15. juicystream

    juicystream Member

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    $200 more than my mortgage including escrow. :eek:
     
  16. ima_drummer2k

    ima_drummer2k Member

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    People are going to have complaints about every home builder. Take it all with a grain of salt.
     
  17. CHI

    CHI Member

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    Which building do you live in? My building charges $530 HOA per month
     
  18. Baqui99

    Baqui99 Member

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    I'm out in North Beach. The $530 sounds on par with some of the newer places in SOMA.
     
  19. jondoe654

    jondoe654 Member

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    I've lived in a townhouse for 3 years now and it isn't all that bad. Two floors with one shared wall built in 1991. My neighbor is really quiet and I rarely him at all. This includes opening and closing doors of any kind, running water, or really loud farts. The HOA dues are $190 a month and include exterior insurance which has already replaced my roof, fence, replaced sections of my sidewalk, cut down two trees in my small yard, and the landscaping is clockwork. Because I live off a city street I pay water/waste while the rest of the community pays a higher premium to include these services. The rest of the utilities are up to you. I do miss having a yard and a driveway (for extra parking when friends are over) and the ability to really turn up the TV loud when the Rockets are stomping the Jazz. Because my choices were to live in a nice neighborhood while living in a townhouse or live in a regular house in a not so savory neighborhood for the same price, I still don’t regret the decision. Home is what you make it.
     
  20. K LoLo

    K LoLo Member

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    don't forget that when you buy the house, you don't just pay the down payment, you'll also have to pay the closing costs. Normally you can get the seller to help, but not always. They paid about half of mine.
     

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