The hub and I are discussing the possiblity of selling the city house in order to get the flywheel turning a little faster on our long term financial goals.
We went to the country house today, which I have not been to in over a year. I was sadly surprised at the condition of the house. It is not being cared for and it will take some expensive repairs to get it to a condition I will feel comfortable living with. Pets and carpets definately do not mix when pet owners arent being responsible. All of the carpets, and possibly the sub-flooring will have to come up. And the list goes downhill from there.
But for long term goals, it is something we have to tackle head on. The current renter is the hubs nephew. To his credit, he has taken care of the hubs 2 dogs for him (the dogs live in a 60 X 60 pen outside- the pet that has destroyed the carpets is the nephews lab). He pays $350 per month, which is often less than the electric bill- so we will offer him the trailer my parents lived in for free to care for the animals...and then empty and gut the house and start fresh witht he repairs. Once we have a good amount completed, we will put the city house on the market.
Thats our plan for now. First of course, we need to set some timelines and goals and a budget. DD2 stopped by with her kids while we were out there and it brought back REALLY good memories of the little ones having two acres to run around on. They were having a blast.
Nothing is set in stone yet. We are still just decidiong what is the right thing to do. I am ready to concede that one house payment is more realistic for our goals.
The amount of work to pull this off seems overwhelming today. But that is why I will break it down to step by step goals and timelines. And determine a budget that aligns with the goal.
Stay tuned. I am sure this is the first twist to a very wind-ey goal.
Getting the financial house in order...one house at a time
April 22nd, 2013 at 04:46 am
April 22nd, 2013 at 09:00 am 1366621239
If you move out to the country house, would you have a tough commute to deal with?
April 22nd, 2013 at 12:21 pm 1366633295
April 22nd, 2013 at 02:10 pm 1366639844
April 22nd, 2013 at 02:58 pm 1366642699
The water and septic problems, I am told, have been fixed...and so with our goals, it makes more sense to move back out there and only have one house payment. If all is as promised, we get the repairs done, and I can sell the city house...
April 22nd, 2013 at 09:47 pm 1366667249
Does the trailer have no value as the dog will likely demolish so much less sturdy a structure when bored, untrained and unchallenged . I don't wish to sound rude but nephew needs a wake-up call if his rent hasn't always covered utilities and these exceptional circumstances have given him somewhat of a free ride.
April 23rd, 2013 at 02:20 am 1366683625
Is there a way you could keep the city house and sell the country house with the provision that DH can have access to the woods?
I'm with Snafu on holding the nephew responsible for the carpets.