A few posts ago I broke down the approximate costs that would be required if I decided to remodel my house in town before I put it up for sale and if the ROI was worth it to me to do it. In the end (at least at this point) I’ve concluded that it really is not worth the extra year and many, many hours of work during that year and the additional $20,000 to invest in the materials (I would have to do the work myself which is also a problem to be factored in), to only realize an $18,000 profit at best (if everything goes perfectly along the way and I can actually find a buyer who will pay $100k for a house with no foundation and will pay cash – I doubt any lender will give someone a mortgage on a house in this dead beat town). In the end, I’ve decided it would be better to just clean the place up, run a broom through it, take down some of the cobwebs, maybe even plant some grass in the front yard (right now I spray the entire property since I’m not here much anyway to do maintenance), and then throw it up on Craigslist in hopes I can hook a young couple who are smart enough to realize they can buy a small starter house in a sleepy coastal town with just a 30 minute commute, put $20,000 in over the course of just a few years, and either live in it for the rest of their lives or wait 2-5 and catch the market at a peak and sell it for cash and then roll that over into a bigger house down the road.
But, say I’m able to do this and I can sell the house in the next year to a cash buyer and I then can move to the Eden property full time (dependent of course on how this summer and this fall go on getting the property prepared for winter living), there is then the question of what improvements do I want to put into the Eden property.
I figure it would be a good idea to lay these options out as well and that’s what I plan to do with this blog post. So, let’s jump in and see what options are available and what exactly I might want to do with this paradise property in the future….
I finished several books this week as part of my Unschooled Master of Theology Program. You can check them all out here. In this frantic reading sprint, the second book I finished was Celibacy in Crisis, which was supposed to be a treatment of celibacy in the Church. I assumed the “crisis” portion of the title was referencing the lack of celibacy given the modern compromising culture we live in today, but instead, the bulk of the book focused on child abuse by the hands of priests. Despite this, I persisted and found some interesting ideas, even though it was a bit off the subject of my current research.
Let’s take a look, shall we?