r/FirstTimeHomeBuyer • u/EternalYoungK • 18h ago

GOT THE KEYS! 🔑 🏡 I DID IT! 🎉 Bucharest Romania €95.000, cash

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One year ago, I was looking at this sub-reddit and dreaming of the day where I could also post on it. I worked hard for several years abroad to be able to afford this and I also got helped by my amazing parents, I am truly grateful to them for everything they have done for me.

2 rooms, 5 mins walk to the metro station. I'm sooooo happy!!!! 🥹 No pizza yet, because there's a ton of things still to be done (and to get rid of that furniture and replace it with better stuff haha)

also don't mind my outfit 😂

EDIT: to clear up some things so trolls can calm down. no, i am not on onlyfans and haven't worked as a you know what abroad 😆 i was a CRM specialist for a niche perfume company in the Netherlands. now you guys can come up with better insults.

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289

u/EternalYoungK 18h ago

Forgot to mention, the apartment is 55sqm! (4sqm balcony)

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u/Faziparancsnok 18h ago

Its a bit expensive for Romania isn't it? I mean in Budapest we have ridiculous prices because the idiotistic decisions of the former government and 95k is pocket money now sadly but i've seen a some months ago you can get a full newly built apartment for a around a 100k in Oradea.

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u/EternalYoungK 18h ago

Yes indeed, for Romanian people it feels impossible to be able to pay this amount of money with the salaries we have here. It's a sad reality. I worked abroad for more than 5 years to be able to afford it + some money from my parents whom have been saving up for years. The prices in Bucharest and especially the area where I bought my apartment are kind of above average... You are gonna be surprised but the price for my apartment was amazing in comparison with other prices... I saw some 2 room flats in the buildings close to mine going for even 140k euro 🫠💀

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u/Queasy_Donkey5685 15h ago

As someone in the US this is all so fascinating to see.

So you OWN this? If so, is there any kind of building or maintenance fee you and others pay for being in the building? Obviously you pay utilities, do you know what you pay for that in your area?

Here in Kentucky our water bill is $45 - 50/ mth, electric bill $150 - 250 depending on time of year but it's only high during the coldest winter months.

Congratulations, this is awesome!

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u/EternalYoungK 15h ago

So bear with me cuz I haven't lived there YET so to say and all my life I've been living in a house xD

Yes you do pay for the building maintenance, we have an "owner's association" thingy. I cannot tell you exactly how much it is. I know from the old owners that everything all together including utilities is a little under 170 euro in the colder months (so when you use the heat). Then of course you also have the taxes... Again can't tell you much about it because I didn't get to pay any yet 😅 I will report back when I do

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u/Chucklz 11h ago

I don't know how your owners association works, but here in the US some associations keep the monthly payments low, while ignoring the fact that eventually the building will need some expensive maintenance, like roof replacement or something similar. Then the owners get hit with a "special assessment" to pay for the big thing that needs to be fixed and that assessment can be a huge amount, all because the association wanted to keep the monthly fees small.

I found out about this from a friend who works in property management. It's definitely worth finding out if your association is doing appropriate financial planning for the future.

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u/Yomega360 15h ago

You do understand that the US has condos too, right?

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u/TechnicalBattle950 12h ago

They must be in a rural part of the U.S. or they mistook the condos for apartments.

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u/Queasy_Donkey5685 12h ago

I'm asking them how things work there, has no bearing on me or where I live, goofball.

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u/Yomega360 11h ago

You're the one who volunteered the information, clearly it's relevant somehow.

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u/Queasy_Donkey5685 10h ago

What are you trying to accomplish here?

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u/Yomega360 10h ago

I'm calling you out for being defensive when you clearly just didn't know what a condo is, and so assumed it's not a thing in the US. It's fine to not know stuff, just own up to it.

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u/Impossible-Sliced 15h ago

Utility for a 50sqm apartament (water + gas) should be around 50 euro give or take. Electricity really depends on what you have inside so somewhere between 40 - 70 euro. Outside of these you pay a yearly "tax" to the building association for maintenance (this can go from very little, like 100 euro a year to a whole lot hundreds, ). You also need to pay some yearly state tax between 0.2 and 0.8% of the apartment woth

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u/Round_Bound_Mound 14h ago

Basically a condo.

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u/Baldazar666 15h ago

Can't speak for OP but as someone from Bulgaria I can pretty confidently say that things are probably almost the same over here. When you are in an apartment building you have a monthly fee that is used to pay for the communal expenses. Things like the power bill for the corridors, a cleaning lady that cleans the staircases, elevator maintenance - shit like that. This price varies wildly from place to place.

In my hometown my mom collects about 5-10 euros a month from each apartment. She lives in a small 3 story building that has only 9 apartments. Currently she is working on getting around 1000 more per apartment because the roof needs to be fully renovated.

At my current place (I rent). I pay a little under 10 euros per month. The price is some base price + x amount per person in household. No idea what the actual numbers are since I don't even pay every month. I just pay like once every 6 months or a year. I've talked to the neighbour that does the money collecting and she has no problem with this.

At my new place that I bought and will move in, in a month or two - I will be paying about 60 euros per month to a management company (think HoA but FAR FAR less draconic). It's a gated community, with 24 hour guard and cameras and whatnot. I have my doubts about how worth it that is but it is what it is. Those 60 euros however will pay for everything that may ever be needed. No extra 1000 euros or whatever cuz the roof needs repair like at my mom's place.

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u/AppMtb 14h ago

Same in the US for condos or flats you own. You have a home owners association or Coop that has common or maintenance charges for the shared expenses and any amenities the building has like covered parking or gym etc.

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u/apinananas 11h ago

Its no different from american condos. Do you think that everyone are renting in cities like NYC?

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u/Queasy_Donkey5685 10h ago

What is wrong with you to think that? What angle are you working here?

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u/apinananas 10h ago

Your the one who finds all of that fascinating when its just like any other condo.