by Heineken » Fri 02 Jan 2009, 09:41:32
$this->bbcode_second_pass_quote('Byron100', '')$this->bbcode_second_pass_quote('Heineken', 'I')t is far, far from a wreck, eastbay.
Remodeling on the scale you describe could be expensive. However, it might be possible for a reasonable price to demolish my mother's "wing"---a huge bedroom, bathroom, and walk-in closet and then wall it in. So sad to do, though. There's a basement under that part of the house, a potential costly complication.
Remember the apartment is 700 square feet, plus another 700 square feet of usable garage space under it.
To me it would make more sense, if such a thing could possibly make sense, to bulldoze the house and live in the apartment. This would drastically reduce property tax, utility, and maintenance costs for the total property.
Keep the house. Why spend $15,000 to demolish a perfectly good house that still has inherent value? You could sell your place tomorrow, if the price is right. Even in the worst of times, land and houses have value, provided it's not Detroit...LOL.
But seriously, if you want to hold on to the land after your mom is gone, you could give the IC thing a go, with a good couple that's willing to work the land, while you live in the garage apartment. If this isn't practical or desirable, I'd just go for the quick sale, such as auctioning, etc. This way you can take your capital and move to wherever you like, in the kind of dwelling that's best for you.
In any case, time is on your side - so there's no need to rush into anything at the moment, for sure.
I think I'd be bothered living in the apartment while a strange couple lived in relative luxury in the house, Byron. Just doesn't seem right after the 25 years of off-and-on work and money I've put into this place.
You're right, bulldozing the house is a silly, angry idea. Perhaps I could bulldoze the garage/apt. though. I don't really need it, and costs would come down somewhat.
Then I'd just hang on in the house until I broke MY hip, preferably within reach of my pistol.
I have strongly considered the auction possibility. The complication there is my mother and what to do with her. She's got her heels dug in now and I don't blame her for that.
If she lives another 10 years I'll be 63 and maybe too old to make a big, physically demanding change myself . . .
Realistically, I guess I'll rent it out once my ex has moved out and things have settled down. Obviously the key is finding the right person or couple.
A VA State Police woman who stopped by here once (when I wasn't living here) asked if she could rent it, but my parents said no. Not the answer I'd have given!