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House plans

July 9th, 2006 at 12:10 pm

I'm hoping to start looking for a mortgage and house soon, so I've been making lists. Since I'm single, I'm very worried about getting in over my head & I'm trying to think of all the possible things that I will need to do/buy up front.

Currently, I know I will need funds for:
-earnest money
-down payment
-moving costs (for the inherited furnature)
-emergency fund (3 mos income),will also
have some funds in the form of cds and 401k
-money for deposits on utilities (this can be costly in my area)
-appliances (depending on the house deal, I might need washer/dryer, fridge)
-groceries, cleaning supplies
-lawn mower
-paint & supplies
-small fund for minor repairs
-carpet cleaning (necessary due to allergies)
-blinds(if not left by prev owners)
-furniture for family room--most immediately I would need a sofa, tv stand & tray tables to be used as end tables--all else can wait)

My current savings total is $20894.09 (not including 401k).

I've decided that I'm going into deep frugal mode. I need to get in that mode because when I do buy the house, my cash flow will be tight (not strained, but I do not want to take away from any money going to savings during that time).

I plan on taking on a roommate after the first few months in the house. Having a roommate will give me some extra funds to do upgrades, create a larger savings and will give me someone to hang out with Smile

During the next week, I begin training at my new job. I'm also in the middle of my last graduate class. I will not be looking into mortgages, but once the training & class are over, I plan to start.

In the meantime, I'm taking a look at my lists, prioritizing things, really digging into wants versus needs, and looking into ways to save on my list.

Today is a no spend day. I need to go to the grocery store, but I'm waiting until tomorrow to check out the work situation-is there a fridge? A cafeteria? Any supplied lunches? (thats been known to happen with this company). Once I get a feel, I plan to go to the store tommorrow night. I'll stock up and take all my food---no eating out.

1 Responses to “House plans”

  1. Ima saver Says:

    Don't forget closing costs, title insurance, attorney fees, etc.

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