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- Dec 3, 2007
Anyone ever done this?
I think it's easy enough if it's an apartment. It's kinda tricky if it's a home though.
What are some ground rules to live by if you're going to be doing this?
What are your thoughts on how the finances should work? Consider, for instance, this scenario:
Partner A owns a home and partner B is supposed to move in? Should the mortgage be split 50/50, or should partner B be exempted from having to pay considering (s)he has no equity stake in the home? If partner B does move in, and down the line, the home requires some kind of expensive maintenance (boiler-heater system/foundation issues, etc) must partner B contribute funds towards the fix? Again, even if his/her name is not on the deed of the home?
The splitting of food and utilities seems easy enough, it's the case of the mortgage that I find interesting.
What are your creative solutions to this 1st world problem?...
...
I think it's easy enough if it's an apartment. It's kinda tricky if it's a home though.
What are some ground rules to live by if you're going to be doing this?
What are your thoughts on how the finances should work? Consider, for instance, this scenario:
Partner A owns a home and partner B is supposed to move in? Should the mortgage be split 50/50, or should partner B be exempted from having to pay considering (s)he has no equity stake in the home? If partner B does move in, and down the line, the home requires some kind of expensive maintenance (boiler-heater system/foundation issues, etc) must partner B contribute funds towards the fix? Again, even if his/her name is not on the deed of the home?
The splitting of food and utilities seems easy enough, it's the case of the mortgage that I find interesting.
What are your creative solutions to this 1st world problem?...
...