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?

  • hackerwacker@lemmy.ml
    0·
    10 months ago

    315k GBP for a 2br ‘period property’ (aka a disgusting dilapidated horder house with the energy efficiency of a tent)

    Figure in another 100k and a year to fix it, due to how UK contractors work.

    • Tak@lemmy.ml
      0·
      10 months ago

      Does energy efficiency make a big difference in the UK? I was under the belief yall had a pretty tame climate. In Arizona it’s not uncommon to have days around 45 degrees for months so I know the efficiency really matters.

      • Big P@feddit.ukEnglish
        0·
        10 months ago

        Its all relative really, because we don’t experience extreme temperatures the smaller variations in temperature make a bigger difference to us. It might get up to 25 degrees on a typical summer day and as cold as -10 in winter, but the difference between a day for shorts and a day for a jumper could be only 3 or so degrees

        • Tak@lemmy.ml
          0·
          10 months ago

          Totally and the cost of gas or electricity could be higher and that makes it a bigger impact.