All Forum Posts by: Daniela R.

So after a lot of hardwork, I was able to save up for a 3.5% down and closing costs, and I am left with about 2K. I am wondering if a 225K single family is a good buy at the moment or maybe I should wait. I keep reading articles announcing an apocalyptic crash as well as inflation. So I am starting to get discouraged. I put an offer already though. But don't know if it will get accepted yet...there were other competing offers too.

If the market crashes what does it mean for homeowners who bought a property before the crash...how is money lost?

Also, where could I find good estimates for property tax for 2022? Is an increase of $120 a month a good estimate? How could I make that calculation? I am trying to make sure I have a solid budget setup for next year.

Any suggestions are welcome, as I am learning the ropes here...

Thanks!

Note: I hope to eventually get into real state investment but I am trying to get somewhere to live first.

@Maksu Ize That's a good point too. As a tenant I have always be really mindfull on how to take care of a property. But I do realize, other people are not as careful. When the time comes to rent it out I would have to figure out a way to make sure I keep up with the maintenance instead of the tenants.

@Robbie Young I didn't considered that at all. Thanks for the suggestion I will make sure to ask if my offer gets accepted.

@Scott Mac Will be doing that for sure. Thanks for the suggestions. I have put an offer on the property crossing fingers all goes well!

@Lauren Cutchen Thanks, no worries. Actually I was able to see the property today and it does have two full bathrooms they didn't specified in the pictures or description properly though.

@Scott Mac Thanks for this info, I will definetely ask them. I am putting on an offer. Let's see if it gets accepted.

@John Clark Thanks for the extensive explanation. What you mention does make sense, and I was trying to figure out what you essentially explained. Because in my opinion you do need an energy source to get things moving. I just saw the property, and it turns out the water heater is heated by gas, only saw a valve and some pipes connected to the water heater tank. Then there is another gas valve in the livingroom for the chimney. Seller doesn't want to accept many questions however regarding hvac and gas systems. I willbe putting on an offer though.

@Lauren Cutchen Let me reword my question, sorry for the confusion. Is it worth to buy a 2 bedroom single family that has gas heating but has two bathrooms, yet only one toilet? Or getting a two bedroom, full bathroom with electric heating is better in the long run.

As in, a 2 bedroom 2 bathroom property would appraise more even with electric heating than a 2bedroom with 2 bathroom and a single toilet with gas heating?

@Lauren Cutchen thanks for your reply. I'm looking near the Galveston area, zip code: TX 77058.

Yeah, all this time I had a good experience with gas heating. But wanted to know potential cons I would have to account for.

Another question, would you trade gas heating for a 2bedroom property that has 1 full bathroom and 1 bathroom with only a shower and sink? There would only be 1 toilet for the entire property.

This is only my second post in bigger pockets. I am a first time home buyer, and the first one to buy a house in my family. I am free of debt and after lot of hard work saved up for a downpayment. But I am still learning the ropes.

I think I found a house I would be interested in. It's in the Houston area.

It was built in 1988, roof is 10 years old and from the description, the heating is gas.

My only experience with gas heating is from when I was a student and rented an apartment in PA which gas heating was a huge save of money during winter.

I'm relocating to Houston, because I just graduted and got my first job. I know in TX I won't use heating as much as in PA. So is it really a money saving option monthly? Also, as a home owner what are the pros and cons of using gas? And would gas heating be something renters would appreciate if in the future I decide to rent the property?

Note: Eventually i want to get into real state investing. But first I need a place to live!

Thanks!!