I want to get a vague sense of how much this would cost without doing the thing where I put my email and phone into some website and have 50 different people blowing up my phone for a week. Has anyone in the city had this done recently, and what did the labor cost?
After saving for years, finally ready to buy my first tiny-ass little home of my own ❤️. That being said I find the whole process confusing and daunting, and I want to find a good lawyer who will look out for my interests and not screw me around with tons of sketchy added fees. Anyone ever worked with someone good for a brownstone coop purchase?
Thanks!
I was expecting to rent for a few more years, but a friend just alerted me to a beautiful two bedroom in my price range in a neighborhood I've lusted after for years. I would have a 15 minute commute and be very centrally located to my friends/family/interests.
From a purely crunching numbers perspective, I can afford it, factoring in closing costs, maintenance, insurance, moving, taxes, etc. I likely qualify for a very good mortgage rate through my work as well (~5%). I could afford a 20% down payment, and the total monthly costs would leave me with around $6k per month (after maxing out 401k and HSA). I typically spend around $1.5k-2k/mo, after rent, so I would still be able to save and invest, just not as aggressively as I have been.
The thing that spooks me is that it's such a commitment -- I know that I want to stay in the city where I live and I would very likely want to be in this neighborhood long term, but I worry about how I would deal with a layoff or if I saw a really appealing, lower-paid opportunity if I would feel resentful that I couldn't easily pursue it.
How did you all decide you were ready for that kind of commitment?