redant Posted August 22, 2009 Posted August 22, 2009 If one person owns the home and the other wants to make changes and improvements and expects the other to pay for the home improvement expenses is that right? I'm conflicted in this because I'd rather be doing this as a team together somehow. Makes me think I'm doing things backward. But maybe there's a solution? Anyone know understand this situation?
Trialbyfire Posted August 22, 2009 Posted August 22, 2009 redant, that's a vague opening post. It's reliant on who, what, when and how. The implications of that post can be tremendous, from a legal/financial perspective, down to personal preference. Can you provide more detail?
Vet Posted August 22, 2009 Posted August 22, 2009 If one person owns the home and the other wants to make changes and improvements and expects the other to pay for the home improvement expenses is that right? I'm conflicted in this because I'd rather be doing this as a team together somehow. Makes me think I'm doing things backward. But maybe there's a solution? Anyone know understand this situation? If I can assume from your post: You and your boyfriend have decided to move in with each other, and he wants to make improvements to the house on your dime. You're asking if you should or if that's right. Is that a correct assumption? If so, I would be very cautious in spending any money to improve a house that is not yours (i.e. your name is not on the deed). You will never see a return on that money unless you get married, and even if this relationship is straight out of a storybook, you can't assume that you will. If I were going to move in with a girlfriend (which, I think is a bad idea in itself, but that's another thread) and I owned the house in this hypothetical, I would have a lease drawn up with a reasonable amount of rent (like half of the mortgage) expected each month. While yeah, it may take out some of the romantic notions, it's the only way that both parties are protected. Any improvements to the house would come from the owner.
Author redant Posted August 22, 2009 Author Posted August 22, 2009 Two people decide to live together. One moves in and has alot of great home imp ideas e.g., landscaping etc. Great ideas but since the house is owned by the other he/she feels they should not pay for things that will add value to the house, he/she will pay for personal and things that both may want but not specifically for the big house improvements. I guess it makes sense since he/she does not own the house but will work in making the improvements but not pay for the materials. So the owner just has to say yes or no if he/she does not have the funds. Sorry if confusing.
Author redant Posted August 22, 2009 Author Posted August 22, 2009 Thanks vet. Well yea I thought it might be smooth but little things like this make me question myself. Thanks
Vet Posted August 22, 2009 Posted August 22, 2009 Two people decide to live together. One moves in and has alot of great home imp ideas e.g., landscaping etc. Great ideas but since the house is owned by the other he/she feels they should not pay for things that will add value to the house, he/she will pay for personal and things that both may want but not specifically for the big house improvements. I guess it makes sense since he/she does not own the house but will work in making the improvements but not pay for the materials. So the owner just has to say yes or no if he/she does not have the funds. Sorry if confusing. Wait, so you're moving in, and you have ideas about things that will improve the place, but want him to foot the bill for them? If you want things done bad enough, pay for them yourself. Otherwise, don't bring them up and then expect not to pay for them.
You'reasian Posted August 22, 2009 Posted August 22, 2009 If you want things done bad enough, pay for them yourself. Otherwise, don't bring them up and then expect not to pay for them. Excellent advice.
Recommended Posts