March 24, 2008

To sell or rent

Filed under: For Sale — Tiffany @ 11:03 pm

So the whole debate is on between Ryan and I….rent or sell. hmmmmmmmmmmmm

So of course - I feel like I know this house, I feel confident in retaining this property - its a solid house with a great finish - a good reason to keep a house right? Well, Ryan has a good point - all of the finishes are new - and commonly new finishes do not stay new very long with renters. So I guess the debate rages on - are there really good renters? hmmmm I think so.

I know I should not feel any emotion about this house - but somehow that is just not possible. This was not just a basic “flip it” house - I wanted to put touches on the house that you would not commonly find in that price range. Hunter fans, nice lighting, functional kitchen cabinets with panache’, stainless steel appliances, beadboard, new bathroom with a spa like feel and so on. I spent weeks picking the right colors, the right lighting, the right cabinets - all of which I weighed carefully against other potential improvements. At this point - I would not change 1 thing with the choices I made. So again, rent or sell? I want to rent it, put the rental payments towards the mortgage and work on getting the entire loan paid off in 3 years or so and then owning it outright. It seems so much more logical than just selling it for someone else to enjoy. I have looked at TONS of houses at this point - all up to 100k and a little over and nothing even comes close to this house. Heck, I can even put a FULL 3rd bedroom in the basement with a full size window…blah - I have every reason why I should keep it…Guess we should just see, maybe no one will want to buy it! *wink*  Whoops did I say that?

Tiffany

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