<prompt> Human: Hi everyone,My girlfriend and I are looking to put a bid on a property after a very long and protracted house hunt. Weve already gone through the pre-approval process.The house is situated in a great area with great schools, with taxes not being too high. From what we can see, it is slightly undervalued for where it is. Sale price of the house is 395,000. We feel as though we could end up paying as high as 410,000 when bids are in. Taxes on the property at the moment are 9,000.We feel the house needs work. My father, who has built houses for a living, estimates the total cost of a renovationaddition would be around 100,000.After speaking with my mortgage representative, we were offered the following: 500k loan, 100k downpayment, bank becomes responsible for dispersal of all funds to contractors. From what I understand, we could also go the route of pursuing a PMI loan, putting the minimum down, and using cash on hand of which we have about 110-115k to use for the renovation, and then refinancing the house afterwards once there is over 20 equity in it.Im really completely unsure of which way to go, and would appreciate some help from those of you who may have been through the process before. Sorry if some of this is confusing - I can add clarification as needed.edit: Just wanted to add this for visiblity. Weve been together for 9 years. 3 of which she has had full access to my money, and I hers. We currently live separately. Call me old fashioned, but I havent wanted to propose and not have a home for my family. We have always had the option to rent, 3 dogs - two of which are pitbulls please keep opinions regarding breeds to yourself, this isnt the place - has always made it a very difficult prospect. I understand and appreciate the concern about buying a house with a non-spouse, but if shes going to fleece me 9 years in, I deserve it for wasting all this fucking time.Assistant: Its highly recommended not to be buying a house together with someone you arent married to. If you have a breakup one of you guys is getting screwed out of money and there isnt legal protections. Aside from that I wouldnt buy a first home that needed 100k in renovations.Human: Ring is on hand. Weve been together for 9 years this coming July.Assistant: Ring is on handSo youre married then?Human: No. Meant it as I have the ring on hand. Proposal has not happened yet.  <response>: No spouse, no house. The legal protections of marriage are a requirement for joint property ownership IMO. 