do you keep the current place and rent it out or do you sell?An exit plan is in the works. Good waves and fishing in the state with lower taxes.
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do you keep the current place and rent it out or do you sell?An exit plan is in the works. Good waves and fishing in the state with lower taxes.
I've got options. House is about paid off. I want to live someplace warmer with better surf and fishing. Houses where I live now sell for stupid money. My lot is a double lot so the potential is to tear my house down and build two single family houses in its place os sell it to a developer who will do exactly that. Each new house would list for $1.3 right now. Could rent it out as a vacation rental (not a lot of interest in that). One of my kids might be interested in the place too. Lots of options.do you keep the current place and rent it out or do you sell?
I like the sand dune system of the island I assume you live on. Did those sand dunes help protect against hurricane Sandy?I've got options. House is about paid off. I want to live someplace warmer with better surf and fishing. Houses where I live now sell for stupid money. My lot is a double lot so the potential is to tear my house down and build two single family houses in its place os sell it to a developer who will do exactly that. Each new house would list for $1.3 right now. Could rent it out as a vacation rental (not a lot of interest in that). One of my kids might be interested in the place too. Lots of options.
The dunes did their job I'd say. In Hurricane Sandy we were about 12 miles south of where the eye came ashore. That doesn't sound like much but I believe it made a huge difference for us here. It was a totally different scene on the North side of where the eye came ashore. I'm about 20 miles as the crow flies from the town of Holgate which was devastated by the north side of the eye wall and then further up the coast places like Seaside Heights, Ortley Beach, Mantaloking and other towns got hammered. I'm on the widest part of this Island and I'm located 3/4 of the way back to the bay. Wave action likely won't ever reach where I'm at. My issue here was the back bay flooding. The waterline in my first floor was 41 inches off of the floor.I like the sand dune system of the island I assume you live on. Did those sand dunes help protect against hurricane Sandy?
or Did they offer no help, all beach front homes inundated?
I wouldn't sell....use it to make money. it's hard when it's (been) the family home, but for the kids to have access to it later on would be huge. I bet you could borrow against the house and pay mortgage on a new place with your rental income...a second house for free, basically.I've got options. House is about paid off. I want to live someplace warmer with better surf and fishing. Houses where I live now sell for stupid money. My lot is a double lot so the potential is to tear my house down and build two single family houses in its place os sell it to a developer who will do exactly that. Each new house would list for $1.3 right now. Could rent it out as a vacation rental (not a lot of interest in that). One of my kids might be interested in the place too. Lots of options.
around the mid-nineties i sold 705-707 3rd. St. for 93K.I've got options. House is about paid off. I want to live someplace warmer with better surf and fishing. Houses where I live now sell for stupid money. My lot is a double lot so the potential is to tear my house down and build two single family houses in its place os sell it to a developer who will do exactly that. Each new house would list for $1.3 right now. Could rent it out as a vacation rental (not a lot of interest in that). One of my kids might be interested in the place too. Lots of options.
I bought in 94 for 68K. Nearly sold around 2005 before the crash for what seemed like huge money. Glad I didn't.around the mid-nineties i sold 705-707 3rd. St. for 93K.
wish i hadn't...