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Realistic costs of owning a house by youself..?

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AJ85
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2005/07/29 21:58:22 (permalink)
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Realistic costs of owning a house by youself..?

I've been given a payrise (well in october) and am hoping to get on the property chain while prices have stalled.

If for example i bought a place at 80,000 like a one bed room pretty modern flat

what other costs are there to consider other than mortgage repayments?

I can think of a few ie.. council tax, water, electric, gas, tv license

but what would you consider an average person to spend on such things? or what would they cost?



Oh also, i've heard about a scheme where you buy half a house, and the council pay for the other half and then when you sell up profits are divided 50/50.. does anyone have any links to info on this? As thinking i could afford a really nice first home if it's as sound as it seems..
#1

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    PAGAN
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    RE: Realistic costs of owning a house by youself..? 2005/07/29 22:03:22 (permalink)
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    Mortgage
    Council Tax
    Gas
    Electric
    Water
    Sky ?
    Tv licence
    Food
    Other 'groceries'
    Home improvements ?

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #2
    AJ85
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    RE: Realistic costs of owning a house by youself..? 2005/07/29 22:08:51 (permalink)
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    but how much would you be looking at spending? Obviously this can only be a rough estimate etc but council tax, we talking 20 quid or 200?

    and obviously the more you use electric etc the more it will cost, but if your careful with what you use leave on, what you looking at around 40 quid a month for gas electric and water each? food isn't an issue as i already pay for that now and groceries won't be an issue for a year or so!
    #3
    PAGAN
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    RE: Realistic costs of owning a house by youself..? 2005/07/29 22:23:27 (permalink)
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    Mortgage £450
    Council Tax £100
    Gas £ 30
    Electric £ 30
    Water £25
    Sky ?£ 40
    Tv licence £ 11
    Food £ 150
    Other 'groceries' £ 50
    Home improvements ?
    ????

    Only very rough off the top of my head mate , set against my bills. I have a gf and two kids and live in an ex council house in the NE

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #4
    PAGAN
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    RE: Realistic costs of owning a house by youself..? 2005/07/29 22:24:40 (permalink)
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    There not my costs incidently there what i estimate for you as a single lad living somewhere dawn sawth

    No biggie like, there are a lot worse things for you than using steroids, I mean I probably shouldn't have been smoking crack or getting into bar fights at your age TBH  - drab4

    #5
    AJ85
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    RE: Realistic costs of owning a house by youself..? 2005/07/29 22:33:48 (permalink)
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    ah that mounts up to quite a bit.. if that's anything to go by that's some food for thought though thanks


    Nobody have an idea about this scheme with the council though?? the pay half each thing..
    #6
    Marsbar
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    RE: Realistic costs of owning a house by youself..? 2005/07/29 22:43:58 (permalink)
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    gti adz .. this might be what you're after http://www.housingcorp.gov.uk/yourhome/shared.htm

    at the end of the day home ownership isn't cheap .. especially if you're on your own
    #7
    gripperdog1
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    RE: Realistic costs of owning a house by youself..? 2005/07/29 23:01:19 (permalink)
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    Dont forget u need ur own money for clothes,buying ur furniture n stuff,the car or bike and a small emergency stash for things like a pipe bursting or similar or an unforseen bill coming in.
    #8
    vikingraider1
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    RE: Realistic costs of owning a house by youself..? 2005/07/29 23:31:00 (permalink)
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    depends on how yu live. If you want a palace quickly it'll be expensive. If you are prepared to wait and do improvements gradually you may be ok. I garuntee you that it always works out a lot more expensive, no matter how much you budget.
    #9
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