How cheap is the cheapest home for sale in your city/region?
In Utah County the cheapest "House" for sale is 600 square feet, 2 bed, 1 bath, at $300k.
So at current interest rate it would be $1,800 a month mortgage(assuming you put the 60k down payment! A decent amount more if you do 3% down.)
The cheapest condo/town in utah valley is 205k, 1,100 square feet, on a 400 square foot lot. But due to a $500 HOA fee the monthly cost is still 1,700 a month (assuming 20% down).
With 3.5% down they'd both be closer to 2.1k +PIMI.
So yeah, how is where you live doing?
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The cheapest livable in Paris, FR would be a 35m2 with two rooms, a kitchen and a tiny basement room for 30k€. It’s actually sold by the courts in April in an auction after being seized for whatever reason and I currently wonder whether I should make an offer for it as it’s so dirt cheap and I could pay it cash.
That's stupidly cheap, especially for a city like Paris. In Swiss cities single outdoor parking spaces go for 30k. Not in the centre though.
I know, I’m Swiss and now I live in a country where no one bats an eye when I say I buy studio flats for when my kids will be students and want to live in the city and in the meantime rent them out. The 30k is the auction starting point. But if I could grab it for less than 60k and the have a cost total of 90k max with reno works, that would be splendid.
Do it!
It’s never go for 30k. I need to calculate how much I can offer for it considering they’ll probably be other people interested and works to be done.
quel arrondissement?