So I'm currently building up my credit. And I just recently started a new job that I am hoping will be my long term career. I'm starting as an apprentice and I'll be an apprentice for 3 years. At the rate I'm being paid, im able to save up about 600$ a month. So I expect by the end of my apprenticeship to have about 20k saved, give or take. Probably more like 16k since life tends to roll funny.
Like I said I want to turn this job into my long term career so I plan on staying in the area for a long time. And a big dream of mine is owning my own home. I don't want anything fancy or expensive. But just a nice little 2-3 bedroom house. Maybe 900sqft ish. With a nice size yard. Just a comfy little place to call mine.
So would it be smarter for me to rent when I move out of my grandmother's house? (Which will most likely be in 2 years or so). Or go for buying a small cozy house to call home. There's a lot of houses that are exactly what I want, in my area. For around 70-80k. And I don't mind doing a lot of DIY fixing the place up, especially if I find a foreclosure for cheap.
So which sounds like the better choice for me? My other option is buying land for 10-20k. Then putting a new manufactured home on it for around 30k.
June 26, 2017 at 01:36PM
