 My landlord wants to sell the apartment I rent.? |
| I live in MA. and pay my rent on time. My landlord wants me to move so he can sell the property. I'm waiting to hear from housing to get an affordable place and currently am unemployed as I was ... |
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 How much would i have to earn to be renting a house for £600 a month? |
| I've found a nice house to rent for £600 a month with my boyfriend. The agency it's with needs proof of income for renters. How much do you think our combined income would have to be a ... |
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 Real Estate Agent claims he undercharged me for sale of house seven months ago, do I have to pay? |
| I purchased a home seven months ago. Yesterday the real estate lawyer's office called me and said a mistake was made on our paperwork and they had undercharged me by $500. Apparently when ... |
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 My Mother left me Her house which is paid off, It's worth at least $400,000.00. I have horrible credit.? |
| I owe $22,000.00 in property taxes. I despratly need help, but I'm not sure what kind of help I'm looking for. I think a private investor, looking for a great return in a short period,(... |
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 Why wont my home sell? |
| My home is in a very active subdivision the longest listing being 2 weeks(excpet mine now on the market 1 month! Average home is selling in 5-6 days! We are at a good market price most home have sold ... |
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 If I apply for a mortgage with my partner, will the bank tell him the details of my credit report? |
| It might not be a good report, although I am taking care of my finances now. Will the bank tell him how much I owe, etc.?... |
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 I think my landlord came in when i wasnt home , i left a light on when i returned it was off , uncool ? |
i feel annoyed would you be ?
Additional Details
yes i made a point of leaving it on , when i got home i checked and the light was still working just off ...... |
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 Are the commercials true that you can get a home loan for like $150,000 and only pay $500 a month? |
| Are they serious about this. How good does your credit have to be? How much money would you have to have put down? Would you need a cosigner if you only have a 5 year credit history?... |
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 Does anyone have experience using LendingTree.com? |
| I'm looking for a mortgage....mid-600 FICO scores, no down payment.... |
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 Buying a house but when to tell landlord? |
| We're in the process of buying a house and everything seems to be going smoothly. We are renting at the moment and our landlord has says we can leave before our contract is up (Feb) as long as ... |
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 Do realtors have to present your bid to the seller even if they think offer is lower than the listing price? |
| If your realtor contacts the listing agent for the seller with a low offer....do they have to present or can they just say they won't present to the seller? I thought legally they were just ... |
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 What things should I look for when looking for a new apartment? |
| I will be moving into an apartment soon. What kinds of questions and situations should I be aware of when apartment hunting?... |
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 How do I find who really owns the house I am renting? |
| Wish to find out who owns the house - not sure if it is the landlord I am paying rent to. Is there a registry where I can check? Is this reliable? That is how quickly is updated? If someone offers ... |
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 Buy a house now or wait? |
| Heard a guy on Glenn Beck say he thinks housing prices will be on the decline for the next 5 years. I'm currently looking into buying a house in San Diego by summer time but I'm now ... |
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 Tenant fell down stairs - am I as a landlord responsible? |
| In May 2007, we began renting the upstairs apartment of our newly remodeled duplex to a couple. On their application, they both put "self-employed" and gave us all sorts of verbal details ... |
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 How long can a landlord leave a tennant without hot water? |
| I moved in Saturday, and since yesterday morning I've had no hot water, and I've just been told they can't do anything about it unti ltomorrow afternoon. Can they leave me this long ... |
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 How can i put a lean on a builder that wont pay up???? |
| i did some work for a builder but now he wont pay up and we didnt sign any contract since it was a one time thing so can i still put a lean on the house????... |
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 Simple living expenses question? |
i'm not saying which side i'm on or that i do this....Do you think 2 people can live on £1100 per month if the house is rented for £550 leaving them £550 to live on?
Additional D... |
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fly_your_flag_high | Would you put a huge addition on your house if it meant you might not be able to retire in style? |
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Taarvarya
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If it would make me happier in the long run, definately yes. |
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Jim K
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Doesn't make a lot of sense to me. |
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Rawrrrr
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I would compromise and put an addition on - but not one that was going to break my retirement fund. |
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Maggie LeMasters
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You do what you feel is going to mean the most to you. Do you want liquidity so you can be mobile, or is your home the center of your world and that's where you want your investment.
Are you going to have a lot of family home after your retire--will your home be central to the family?
If home's just going to be a place to hang your hat in between doing whatever it is you want to do, then why the big addition?
Also, do you need the addition for a few years, or is it a solid investment that will pay you back over time. |
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justajoke1234
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nope |
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Pancakes
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My idea is any house I live in might be the one I retire in. So it must be what I like. If the addition won't be good for your retirement home, I would consider buying a different house. |
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Ms Berry Picker
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i look at it this way, when you retire, the kids will be gone, so why do you need the big addition. wait till they leave, knock down the walls to their bedrooms and make a small addition.
we did this and made a much larger kitchen. |
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john b
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f**k yeah |
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bluealt
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Probably not. Unless the addition would give me happiness in retirement.
If you have a big house now, you may want to downsize during your retirement, or even move somewhere else. So keep your retirement money safe for retirement.' |
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leyte6519
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Save your money for retirement. When you retire you do not need a big house and besides who is going to clean it for you. |
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Raylene
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Well, you can look at this in different ways. If you add substantial square footage on your home, you are only increasing the value. In today's market it could be reason enough to make the investment, But you have to consider being able to recoup the monies needed to be in the same financial position. The answer to that may be laying in a drawer somewhere long forgotten.
For example, if you have a life insurance policy, chances are they are paying a decent interest and you can have substantial cash value available. I recently needed money fast and didn't want to touch equity in my home. I had more than enough in cash value. The best part of cash value is you don't even have to pay it back. They call it a loan against the policy, but in the event of the named insured's death, any loan amount is simply deducted from the face amount of the policy.
There are so many ways to answer this question, but without more information its hard to give you my best recommendation. At least these are things you can think of, Remember in today's real estate market, you can sell your home for much more than you would have even as little as a year ago, No, we don't know what the future holds in terms of the market, but history has shown what goes up must come down.
After the construction you can sell the home for possibly much more than the cost to add on to it. If you invested a good portion of that in an IRA if you're conservative or the stock market, if you want to take risks. If you speak with a financial planner they can recomment a nice combination of the two.
In the meantime, you can live on a modest budget to save as much as you can to add to the retirement fund. You could realize the dream of living it up in your golden years. Just food for thought.
I wish you the best.
Ciao!
Raylene♥ |
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amkornele
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Another thing to consider: Will you be over improving your home?
What would happen, if for some reason, you had to sell your home in a few years? You've spent all this money improving it and you may not recoup your investment.
When we were in the market, we found a home in which the owner spent about $50,000 over the original cost of the new home in upgrades. He lost all that money because the home didn't appraise any higher. Ouch!
How far away is retirement? If it's 30 years, then you have time to adjust. If it's 10, I don't think I'd gamble with my retirement fund.
Best of Luck!
Anne |
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BoomChikkaBoom
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Nope. |
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