Newly Engaged Chicago Couple Searches for Their First Home Together

Feb 04, 2010 on HGTV at 10:00 PM

Summary

Josh and Michelle have been dating for over a year and he recently popped the question. Now this engaged couple is ready to find a home and start their new life together. They both currently live the Wrigleyville area of Chicago and since their renta... (more)l leases are nearly up, the time seems perfect to buy a home together. They'd like to stay in the Wrigleyville area; unfortunately most homes in that area are above their $400,000 to $450,000 budget. Another option they've considered is purchasing a multi-unit property and becoming landlords. The additional income from a renter means their budget could increase to $600,000. Their realtor starts off buy showing them a single family home that falls within their budget. It's a 2-bedroom coach home listed for $440,000. A coach home is typically a single-family home located behind a main property. This one is behind a condominium unit. The next place they look at is a multi-family property priced at $575,000. It has a 2000 square foot owners unit and 2 rental properties. The next option is a $574,000 multi-unit property. This one has a 1700 square foot owners unit and 1 rental property. Josh and Michelle have a big decision to make. Do they want to go with a single-family home or be responsible for rental units in a multi-family home?

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Newlyweds Search for Their First Home in Vermont
Season 40 Episode 2

Feb 11, 2010