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Jan. 14th, 2019 09:49 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
colebaltblueMy sister and I are going to try to figure out if we can afford to keep my mom's house.
The house is a nice family house in an active PNW coastal town a few hours from our house. We enjoy going over there with the kids on a near-monthly basis. It was remodeled about 5-10 years ago and is such a treat.
My dad built this house in the 1970's when my sister was a kid. She lived there both before and after her mom died. And when I say "my dad built" i mean he bought the plans and then he and a nephew worked every day and literally built the damn place. My parents always planned to retire there, but my dad's earlier-than-expected death means that my mom retired there by herself. Being in a small coastal town in the PNW when you're an introvert and not tied to the community is hard and with the expense of the house and all she decided she'd rather just live here in the valley and sell the place. That's the cliff's notes version.
My sister is emotionally invested in it and my family and I love having access to a "beach" house. We can't afford it if we can't have it rented full time, but are considering purchasing it and keeping it rented for 5-10 years as we figure it out. The financial risk for just T and I is higher than we'd like so my sister and her husband might join us. The house will pay for itself, but we need to figure out things like taxes, financing on a non-primary residence, property management expenses, etc. Kinda overwhelming when you think about it.
The house is a nice family house in an active PNW coastal town a few hours from our house. We enjoy going over there with the kids on a near-monthly basis. It was remodeled about 5-10 years ago and is such a treat.
My dad built this house in the 1970's when my sister was a kid. She lived there both before and after her mom died. And when I say "my dad built" i mean he bought the plans and then he and a nephew worked every day and literally built the damn place. My parents always planned to retire there, but my dad's earlier-than-expected death means that my mom retired there by herself. Being in a small coastal town in the PNW when you're an introvert and not tied to the community is hard and with the expense of the house and all she decided she'd rather just live here in the valley and sell the place. That's the cliff's notes version.
My sister is emotionally invested in it and my family and I love having access to a "beach" house. We can't afford it if we can't have it rented full time, but are considering purchasing it and keeping it rented for 5-10 years as we figure it out. The financial risk for just T and I is higher than we'd like so my sister and her husband might join us. The house will pay for itself, but we need to figure out things like taxes, financing on a non-primary residence, property management expenses, etc. Kinda overwhelming when you think about it.
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Date: 2019-01-14 06:19 pm (UTC)But it's also the kind of thing that you're good at thinking about.
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Date: 2019-01-19 04:56 am (UTC)no subject
Date: 2019-01-15 03:12 pm (UTC)no subject
Date: 2019-01-19 04:56 am (UTC)