My family just bought a new Home

[oboebrian]

Well, we've lived in the same home for about 24 years now. So we made the leap into a newer, bigger home :

it's 2,418 square feet and we're going to pay about $200k on a 55' x 125' lot that backs up to a nice green belt and great views of all the surrounding mountains. BTW it has an extended 3 car garage, 4 bedrooms, and a large den to run my REI business from.

It'll be a nice investment, we're expecting to have about $25-30k+ in equity by the time they start construction in a couple months. By the time we close it'll be more like $50k (although, with current and forcasted market and economics for the area it'll be more in the range of $75k, and about $120k within 1-2 years). Although appreciation is great, we're not counting on it.

We are also keeping our existing house and already setting up a nice rent to own situation with a great young family.

We're also looking for a couple houses for other RTO situations.

 

[Route666]

Man put a couple of gargoyles on the corners of the roof and you've got yourself a very spooky looking place lol. Just looks eerie, this grey structure against the calm sky.

Looks good though, I like it!

 

[WORTH]

Well, we've lived in the same home for about 24 years now. So we made the leap into a newer, bigger home :

it's 2,418 square feet and we're going to pay about $200k on a 55' x 125' lot that backs up to a nice green belt and great views of all the surrounding mountains. BTW it has an extended 3 car garage, 4 bedrooms, and a large den to run my REI business from.

It'll be a nice investment, we're expecting to have about $25-30k+ in equity by the time they start construction in a couple months. By the time we close it'll be more like $50k (although, with current and forcasted market and economics for the area it'll be more in the range of $75k, and about $120k within 1-2 years). Although appreciation is great, we're not counting on it.

We are also keeping our existing house and already setting up a nice rent to own situation with a great young family.

We're also looking for a couple houses for other RTO situations.

is the 125 width or depth? I built a 12 X 20 shed with 6 foot walls for cheap money that fits a mustang with plenty of room to spare , in reality if it was just for storeage, you could get away with 18 X 8. Beats the Hell out of Losing a Stang , I'd be more than happy to draw it up for you with a material list. Just let me know.

 

[65stanger]

But where's the Dawg Howse?

 

[Ozsum2]

Your family like mom and dad, or your family like wife and kids?

 

[oboebrian]

Worth,

It's 55' in width (the house is 40' wide) and 125' deep. the house is 45' deep and set back 22' from the back of curb. Plus we can't build a shed that can be seen over a 6' height fence w/o and architectural commitee approval. Thanks for the offer about the drawings, I've been doing architectural drawing for about 8 years now

Oz, my family as in my parents, lil sis, & 5 dogs. I'm only 22 (23 next month), and we're all staying together to be able to spend the $$ and credit to have a couple other rental houses

 

[jikelly]

wow that's sweet. Enjoy it.