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May 19th, 2014 10:41 PM #1
Hi guys, I'm hoping to be able to work towards having my own house in the next 3-5 years. Thing is, I'm pretty clueless on where to start.
Currently
- I'm able to save about half my monthly income
- I have an emergency fund of about half a year's worth of expenses
- Rest of my savings goes to investments
- Single-parent home with 2 siblings still in high school/college
- No own home, currently renting
- Planning to get married in about 5 years
Not so keen on getting a condo since it's pretty hard to dispose in the long run. I must say though, I'll really miss the convenience of being near everything.
Right now, am pretty overwhelmed with the thought of home ownership.
1. How does one start looking for a house?
2. Is it still possible to live in a decent neighborhood in the metro for under 10M?
3. Where's a reasonably good place to live?
4. Is it better to buy a built house or just a vacant lot and have a house built (I have an aunt with her own construction firm, I might be able to save a little on building costs)?
I'd appreciate any inputs on this..thanks!
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