So Preston will be inheriting AD's home.
This brings up the question: what are we going to do with it? 2 options, as I see it: sell it or rent it out. (It is in a great location, but it smaller and older than our current house, so we don't want to live there. Though it isn't beyond the realm of possibility that we'd eventually tear it down and build on that lot. That is common in that neighborhood.)
I always figured we'd rent it. It is paid for, in a desirable neighborhood with a great school, and we've always been vaguely interested in the landlording business. I figure if we're going to try it, there's no better time.
Then Preston went to talk to his (CPA, lawyer) best friend, who advised him to sell it. Thinks we'd lose money, or at best, break even. This really freaked us out.
So we're still on the fence. In the meantime, since Mr. CPA, Esquire caused us to re-think, we've been trying to figure out what we'd do with the money if we sold it. One of the options is to take that money, sell our own house, and upgrade to a newer, better house in the same neighborhood. They just happen to be building a new subdivision very close by, so yesterday we drove over.
Nice houses. They cost more than we could ever afford... if we didn't sell AD's house.
There's even one that is currently being built, and for sale. So I went online to the builder's website to look at the floorplan.
Oh. My. God.
This house is *perfect*. Perfect y'all. Freaking perfect. 4 bedrooms, 3 baths, a 2 car garage extended so we could get cars AND tools inside. Walk in closets. A walk in pantry. Open floorplan. Porches. A study. Oh my god, I want this house. Like yesterday. Wow. Wow, do I want that house!
And therein lies the danger of thinking too much. (Or rather, getting ahead of yourself. We are probably a year away from being able to buy. Unless AD's house sold quickly. (In this market, ha!))
No comments:
Post a Comment