The Cookout

[sourgrapes]

I mentioned in a few other threads that I plan on buying a house next year. Assuming I get enough debts paid off, I can swing it on my wages. I am looking at getting a raise as well within the next 6 months. I was thinking about this though. Like I am going to be a single homeowner. What would be the best approach when I meet a guy in terms of our housing situations. Like do I invite him into my house and put him on the house as an owner with me? This is after marriage, not before. I feel like if I keep the house in my name, it will be protecting it as an asset but I know once I start having kids, I am not going to want to work. I want to focus on being a mother so he'd have to take over paying it. Or what if he owns a house himself?

 

[Jay]

I feel like owning the house will become a burden because your overall goal is to find a man who can provide for the family and lead you all to success while you raise the kids and handle the administrative tasks. With a purchase so permanent you should really wait until you meet the man first and then purchase something together. If that’s not a possibility then future proof your purchase:

• Buy something you can easily sell or rent out
• make sure rents in that area cover your mortgage payment
• Buy something that can appreciate
• Buy something that is in good condition so it’s not a liability.

The house that worked when you were single could easily become and albatross around your neck when it’s time to get married. What if he doesn’t like the house and wants to get another one? Now you gotta figure out what to do with yours. What if you cant sell it or if you can’t get rents to cover your mortgage? The 2 years you lived in that house before meeting your hubby will suddenly not have been worth it. You would realize that you could have just rented in that time frame and would be ready for ever now that you have a hubby.

 

[Blackgravity]

I mentioned in a few other threads that I plan on buying a house next year. Assuming I get enough debts paid off, I can swing it on my wages. I am looking at getting a raise as well within the next 6 months. I was thinking about this though. Like I am going to be a single homeowner. What would be the best approach when I meet a guy in terms of our housing situations. Like do I invite him into my house and put him on the house as an owner with me? This is after marriage, not before. I feel like if I keep the house in my name, it will be protecting it as an asset but I know once I start having kids, I am not going to want to work. I want to focus on being a mother so he'd have to take over paying it. Or what if he owns a house himself?

If you own a house before you find the man/woman you'll be committed to, don't put anyone's name on you're house unless you are married, if they have a house also i'd figure which would be faster to pay off and either sell or pay off then rent out, only if you are going to marry this person. even after a marriage I wouldn't put the name of my spouse on my house unless we put in a few years first... at least 5.
Houses are huge responsibility's I've owned my house for almost 18 years ... it can be a headache!

 

[DaBeast]

If you can, don't sign any co-ownership over. Wait until after marriage, or until you know full well he is going to be the one. It would be your house, and you don't have to sign anything over. You could allow him to live there. The only issue, is that if you two were to break up, there may be some issues with kicking him out. He could probably say he's a tenant and idk if true, but it could take up to 30 days to kick someone out, or so I've heard.

 

[Goldilocks]

Why exactly do you want a home?

As an unmarried woman and somewhat of a business woman, my personal philosophy is to own what I rent and rent where I live to reduce my tax burden.

I don’t pay any money that I can’t write off. I don’t see myself buying a home unless I am renting it out. Other than that I’d like the day to day maintenance to be the responsibility of someone else.

I probably won’t be buying a house to live in unless I get married one day and that’s what he wants to do and we need the space.

In the event I do get married and have a home there is no way in hell I am putting anyone else’s name on it. If anything, as soon as it’s paid off it’s going in a trust for the children.

 

[sourgrapes]

I feel like owning the house will become a burden because your overall goal is to find a man who can provide for the family and lead you all to success while you raise the kids and handle the administrative tasks. With a purchase so permanent you should really wait until you meet the man first and then purchase something together. If that’s not a possibility then future proof your purchase:

• Buy something you can easily sell or rent out
• make sure rents in that area cover your mortgage payment
• Buy something that can appreciate
• Buy something that is in good condition so it’s not a liability.

The house that worked when you were single could easily become and albatross around your neck when it’s time to get married. What if he doesn’t like the house and wants to get another one? Now you gotta figure out what to do with yours. What if you cant sell it or if you can’t get rents to cover your mortgage? The 2 years you lived in that house before meeting your hubby will suddenly not have been worth it. You would realize that you could have just rented in that time frame and would be ready for ever now that you have a hubby.

These are some hard truths right here that I didn't really consider. Going to really have to think this through now.

If you own a house before you find the man/woman you'll be committed to, don't put anyone's name on you're house unless you are married, if they have a house also i'd figure which would be faster to pay off and either sell or pay off then rent out, only if you are going to marry this person. even after a marriage I wouldn't put the name of my spouse on my house unless we put in a few years first... at least 5.
Houses are huge responsibility's I've owned my house for almost 18 years ... it can be a headache!

I think you are right, giving it a 5 year trial period is probably smart. A lot of marriages fail these days within the first 5 years.

If you can, don't sign any co-ownership over. Wait until after marriage, or until you know full well he is going to be the one. It would be your house, and you don't have to sign anything over. You could allow him to live there. The only issue, is that if you two were to break up, there may be some issues with kicking him out. He could probably say he's a tenant and idk if true, but it could take up to 30 days to kick someone out, or so I've heard.

Yeah, this wouldn't be happening until we were married. I have lived with a boyfriend before and the breakup was a mess. We had split but I had to remain there for another 3 months until I was able to get on my own feet again. It sucked!

Why exactly do you want a home?

As an unmarried woman and somewhat of a business woman, my personal philosophy is to own what I rent and rent where I live to reduce my tax burden.

I don’t pay any money that I can’t write off. I don’t see myself buying a home unless I am renting it out. Other than that I’d like the day to day maintenance to be the responsibility of someone else.

I probably won’t be buying a house to live in unless I get married one day and that’s what he wants to do and we need the space.

In the event I do get married and have a home there is no way in hell I am putting anyone else’s name on it. If anything, as soon as it’s paid off it’s going in a trust for the children.

This is a smart approach. I mean I hate paying rent cause I know paying for a house would be cheaper for me. I am paying $1,300 right now in rent and I could get a house for under $1,100 in my area.

A friend of mine told me to consider doing one of those manufactured homes instead but that seems like a hassle.

 

[Jay]

These are some hard truths right here that I didn't really consider. Going to really have to think this through now.

I think you are right, giving it a 5 year trial period is probably smart. A lot of marriages fail these days within the first 5 years.

Yeah, this wouldn't be happening until we were married. I have lived with a boyfriend before and the breakup was a mess. We had split but I had to remain there for another 3 months until I was able to get on my own feet again. It sucked!

This is a smart approach. I mean I hate paying rent cause I know paying for a house would be cheaper for me. I am paying $1,300 right now in rent and I could get a house for under $1,100 in my area.

A friend of mine told me to consider doing one of those manufactured homes instead but that seems like a hassle.

You can find a house for 200 cheaper but what happens when the hot water heater breaks? If your maintenance costs on your house are more than $2400 in a year then you should have just kept renting.

 

[sourgrapes]

You can find a house for 200 cheaper but what happens when the hot water heater breaks? If your maintenance costs on your house are more than $2400 in a year then you should have just kept renting.

Maybe I should just look into renting a house then? I mean right now I am renting out one of those single-level apartments where it is like side-by-side living. I could probably find a whole house for around the same cost.