Quote:
Originally Posted by Ryland
A new boiler should last 20 to 50 years tho and a new shower should last about the same if done well.
I'm looking at maybe buying a house to rent out because the income from it would pay me back in 3 to 5 years.
I get to pretty much live in my house for free because my room mate pays enough to cover utility costs and a fair amount of the taxes.
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Colleague I car share with:
Flat is 12 yrs old..
New boiler (combi)
New Electric Shower
New Electric Oven...
Colleague I sit across from
New Combi Boiler (previous one lasted 11 years).
I hear you re the payback period vs lifetime and also renting out room, but I'm of the opinoin that
a) Money is better spent on experiences/beer (delete as appropriate!)
b) Its hard enough to live with a girlfriend, never mind a "room mate".
Any house I've been in has always just been an equal split of costs for all parties (rent/elec/taxes etc)
However, I'm aware that by 45, some of my friends will be mortgage free/living the highlife with equity etc, so can see benefits on both sides.