When I was supposed to be painting my wedding toenails last night, I slacked off and made a simple website for my condo instead.
By the time I was done, I was ready to buy it myself. What a nice place, I thought. I have committed the number one sin of real estate. I am emotionally, sentimentally, deeply attached to my property. I cannot bear the thought of selling it, and yet I cannot bear the thought of the downward spiral into debt and more debt. Just imagine if I were trying to sell my car instead!
3 comments:
To see the condo before Turbo, Kraiger, Polly's Al, and I got our hands on it, check out my "Before" photos here.
So really... you've just answered the question about whether to sell your flat or not. You probably shouldn't, and in the end it will probably be a lot cheaper to stay in the apartment you already love then to follow out your plan of selling, renting for awhile, and then buying a small house.
Remember to figure in costs of real estate commissions, excise taxes, moving expenses, a new mortgage with a higher interest rate and closing costs, and making changes to the new house you will eventually buy, (there is ALWAYS something that has to be changed) when you look at the whole picture. Also, owning a stand alone house has its own set of issues as well. If it needs a new roof, its ALL you. A rule of thumb in the real estate world is that it costs 12% of the house you sell to switch houses.
I would suggest a meeting of the minds with those involved in wanting to replace the roof. If the roof really is as new as you say it is then there is no reason for it to be replaced again. If they fail to see it your way then a casual mention of a "misappropriation of maintenance funds" lawsuit might be in order. Sure, it isn't very neighborly and you won't likely sue the Association, but it might help with their being able to see it from your perspective. After all, its your money they will be wasting and in essence they are forcing you out.
If that doesn't work, just sell lots of copies of your new book, buy the whole building, kick those goofballs out, and maintain it as you see fit. Then you can rent out the extra flats to low income, interesting artsy people. That would be cool, wouldn't it?
It's up:
http://www.delfornorealestate.com/sales_maincondoslofts.html
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