(September 9, 2017 at 6:01 pm)Cthulhu Dreaming Wrote: Whatever you decide is best, Brian - sounds like you have some deep roots. I hope you end up with a place that's comfortable for you.
It isn't a matter of deep roots. Mom raised me in Northern Va. I value my memories of her no matter where we live. This is strictly economics. It seems to me a risk either way. I could dump money into replacing then rely on resale to make up for my investment. I don't want to do this like a flipper because my interest is not profit. But the unit is old.
I can remember seeing an add for a same sized trailer home in horrible condition for 75k when my mom bought me this place. That says to me the structure has no value and the location is the real price.
So it amounts to the risk I want to take. Putting a new home on my property I could afford, even the middle to high price range. The risk is selling it over time. I have lived here for 12 years and seen property sit for years.
If I stay here, which seems less complicated, and remodel, although a risk too, It just seems cheaper.
Replace seems to be the path of those intending to make a profit. I just want my property to pass insurance codes so that if something does happen I can file a claim.
