Excluding mortage, the montly cost of owning my house is 275€ which includes water and electricity.
That’s also excluding regular maintenance or emergency repairs that a landlord would be (often reluctantly) responsible for. It is also possible to do big, expensive, necessary renovations on a house and have it hardly affect the value at all.
It is also possible to do big, expensive, necessary renovations on a house and have it hardly affect the value at all.
Isn’t this kind of irrelevant unless you’re a house flipper? If you own a house and make renovations to it, it is because you find some practical value in it.
That’s also excluding regular maintenance or emergency repairs that a landlord would be (often reluctantly) responsible for. It is also possible to do big, expensive, necessary renovations on a house and have it hardly affect the value at all.
Isn’t this kind of irrelevant unless you’re a house flipper? If you own a house and make renovations to it, it is because you find some practical value in it.
No, increasing the value of your home is one way to get out of PMI payments. And it also helps if you get a reverse mortgage.