The Mudcat Café TM
Thread #87911 Message #1694548
Posted By: katlaughing
15-Mar-06 - 06:43 PM
Thread Name: BS: Adding on to home-questions to ask
Subject: RE: BS: Adding on to home-questions to ask
Well, it has taken us three months, but I can finally post an update for all of you oh-so-kind people. First, thank you very much for all of the help.
Now, what have we done? Well, someone mentioned that a better use of our equity would be to buy another house and have equity building in both at the same time. This made a lot of sense, financially, so...today we signed closing papers on a really neat circa 1900 house only four doors down from us! It needs a lot of elbow grease as it was a repo and had been empty since last summer, but most of it is just cleaning and cosmetic work. Our dau. and grandson will move in when it is ready. I am glad they will be so close and that we will all get back some privacy and space!
The plan is, in a couple of years, we sell it to her, then get back our downpayment and some equity, what she doesn't earn in sweat, then we will most likey, finally, add on a master bedroom and bathroom UNLESS Rog talks me into an RV to go visit Mudcatters when he retires, then all bets are off!
Anyway, it's been a long, frustrating and exciting time and we are all breathing a big sigh of relief it is done and over, well the buying part at least. We got a good deal, too!!