Posted by: STUPIDA March 19, 2018
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my 0.2 cents -
focus on location, location, and location. this goes long way in the future - easy to sell as well.
If you don't mind working once in a while during weekends for small fixes, 10-15 years old is OK, But personally I choose to get new build. But do not go much much older unless you are prepared. Also new houses are build much more energy efficient these days so that is a saving on your monthly house bills. My house bill is same as my 2 bedrooms apartment.
Also, not sure how it is in MN, But in Texas all desi and most Asian communities look for kick back (usually from 2.0-2.75 %) from 3% commission from your realtor when you buy new house and 1.5 - 2.0 % on old house. Some people get more than 3% when realtor is preferred for that community. In my case i got 2.75% on new house.
Try local union banks also for mortgage. Sometimes (if new) builders preferred lender is a great option as they give you easily few grands towards upgrades and\or closing costs.
In my case I went with mortgage brokers and she was able to find me 2.625% back in 2012/2013 for 15 years.
There are many other things that we have to consider and I don't think I can easily type here. However I am talking merely on my experience in Texas on DFW area and MN might be different.
focus on location, location, and location. this goes long way in the future - easy to sell as well.
If you don't mind working once in a while during weekends for small fixes, 10-15 years old is OK, But personally I choose to get new build. But do not go much much older unless you are prepared. Also new houses are build much more energy efficient these days so that is a saving on your monthly house bills. My house bill is same as my 2 bedrooms apartment.
Also, not sure how it is in MN, But in Texas all desi and most Asian communities look for kick back (usually from 2.0-2.75 %) from 3% commission from your realtor when you buy new house and 1.5 - 2.0 % on old house. Some people get more than 3% when realtor is preferred for that community. In my case i got 2.75% on new house.
Try local union banks also for mortgage. Sometimes (if new) builders preferred lender is a great option as they give you easily few grands towards upgrades and\or closing costs.
In my case I went with mortgage brokers and she was able to find me 2.625% back in 2012/2013 for 15 years.
There are many other things that we have to consider and I don't think I can easily type here. However I am talking merely on my experience in Texas on DFW area and MN might be different.