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Parents offered to put a full 2nd floor on their home... WWYD? *UPDATE*
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Re: Parents offered to put a full 2nd floor on their home... WWYD? *UPDATE*
It really depends on the cost. One of the benefits of owning a home are the tax deductions. You will be paying property taxes that you can't deduct. I would rather wait and buy my own home.
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Posted 3/14/09 9:06 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
LIMOMx2
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Member since 5/05 24989 total posts
Name:
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Re: Parents offered to put a full 2nd floor on their home... WWYD? *UPDATE*
I would def do it!! I know someone who did this and they are very happy there. Good Luck
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| Posted 3/15/09 6:35 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Parents offered to put a full 2nd floor on their home... WWYD? *UPDATE*
Find out if they are putting you on the deed. If not it's just rent.
If you are ok with that, then do it. I don't see how you will ever buy your own home if you are putting all your money towards an interest only loan for your parent's home. They are not selling you the home so you will get none of the benefits of owning like the tax deducions.
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| Posted 3/15/09 8:56 AM |
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| Pages: 1 [2] |
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