siyuexian Posted May 26, 2010 Share Posted May 26, 2010 My boy friend bought an apartment for 200K USD before we met. Now I am going to move in with him. The apartment needs renovation and to my opinion, needs also some nice furniture. I have not discussed this with him but I want to find a best way to do so to avoid misunderstanding. I am prepared to pay half of the utilities and half of the mortage costs as rent while living there, and purchase furnitures. But I do not know how to handle this apartment and renovation thing. The renovation is estimated to cost about 20K USD. The apartment is under his name for about a year. I do not know how to arrange this financial issues with a boyfriend. If I put in money for renovation, the apartment is under his name. Once we break up (forgive me for not trusting and believing in our relationship, but this happened to me a few times before), I will get no money back. In fact, I have no interest in investing in this current apartment but more thinking of jointly purchase a house if things work out fine for us. His apartment is his, he wins on it, it is his money. He losses on it, it will also be his loss. And if it needs to be renovated, he should put money in it. Problem is maybe I have to live in it in a bad condition (he claims he has no money left for renovation) until things work out good enough for us to purchase a house together. I hope I do not sound fragual but I really think that it is much more beneficial and wise for both sides in the beginning to make things clear to avoid being ugly later on (hopefully that day will never come of course) Any advice for practical solution for this? Link to comment
This topic is now archived and is closed to further replies.