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….
A few years ago, my job was thrown into an upheaval. The director of the company decided it was time for him to retire (he was actually pushed out by the board) and the company began shopping around for someone to replace him.
It was a time when I had no idea if I would have a job from one day to the next, simply because the job I do can realistically be replaced by a relatively inexpensive computer program or the tasks assigned to me could essentially be reassigned to a full time person with the stroke of a pen.
The reason I’m writing this post today, though, two years later, is I just got the word that the individual that had ultimately been given the job as director, well, he died yesterday. Now I didn’t know the man very well, I’ve really only spoke with him two times face to face (I work in the office during off hours and rarely see other employees), and only a half dozen times via email. Of course, its a tragedy when anyone dies, though he was rather ill so it might not be that much of a tragedy if he was suffering. But, I can’t help but find myself back there again, wondering, a little more anxious than I really care to be, about my own job prospects on the near horizon.
So, let’s jump in and see what calculous I’m looking at, how I will fair if I am let go in the future, and what’s next for me in this godforsaken world…