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Old 06-23-2007, 06:31 PM
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Esther Esther is offline
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Join Date: Feb 2007
Posts: 12,362
Decisions, Decisons, Oh What To Do????

I can so relate to the place Sherri finds herself.

Since my husband got a promotion and now works from home, we need a large place.

He thinks he is about 10 years away from retirement. That translates to we don't want to have any debts be then at all.

We have about 10 years left on the mortage where we are at.

Here are our options as I see them, but hopefully someone may have a better one.

1. Buy a larger home and lease this one out for an investment.
2. Buy an existing home that is larger with some acreage, for gardening, etc.
3. Build a home. That seems to be very expensive.
4. Buy a modular or manufactured home at a "possible" lesser price.
5. Remodel this home by adding on which my realtor says you will not get 1/2 of it back when you go to sell.

I have found a possible home with 3 acreas. However, it is a MH and ususally they depreciate instead of gaining value. Although the land could gain in value. Also, this would be in a lower tax bracket.

Any other options anyone can think of???
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