How much do you really need to buy a house/condo ?
Recent grad living at home (moved back after going to school in another province). I will be grossing ~60-70k annually with small raises each year.
I have ~30k in debt from school, should not take long to pay off as I have minimal expenses. I'm hoping to pay it all off and start saving up for my own place (likely a condo) for mid-late 2017. If I was to be looking at a condo around 250k and have 50k for a downpayment to make 20%, how much more on top does one really need to expect? Obviously things like furniture, other fees/expenses, living costs and necessities, emergency funds.
for a 250k condo, would I essentially need 100k before its even worth considering the plunge?
To note; I live in Winnipeg, our housing market is nothing like the big cities in Ontario and BC
I have ~30k in debt from school, should not take long to pay off as I have minimal expenses. I'm hoping to pay it all off and start saving up for my own place (likely a condo) for mid-late 2017. If I was to be looking at a condo around 250k and have 50k for a downpayment to make 20%, how much more on top does one really need to expect? Obviously things like furniture, other fees/expenses, living costs and necessities, emergency funds.
for a 250k condo, would I essentially need 100k before its even worth considering the plunge?
To note; I live in Winnipeg, our housing market is nothing like the big cities in Ontario and BC