Because the house that you toured last Thursday is a ‘new’ house that’s been well maintained . It’s clean, dry and probably mould free. It’s got plenty of Windows to let the sunshine in. In fact, even though the property isn’t anything exciting, it’s easy maintenance and is FOUR times the size of lot you currently own.
The home you currrntly own hasn’t had the needed maintenance done to it. Whether that was to save money or that you couldn’t hire the right contractors, the work didn’t get done.
With water leaks, they get worse. They breed black mould which is deadly. In fact there’s a really good chance that once your house finally gets the work done on it, it will be condemned as unsafe and hazardous to live in. It’s most likely infested with rodents which leave holes in your insulation as well as their waste in your walls. When this type of damage happens your house isn’t worth the money you think it is. You will most likely be selling your property for it’s lot value only if not much more.
The good news is that you aren’t waiting for the government to step in and condemn your home as unfit to live in. You are dealing with this while you still can and hopefully you will make a ‘wise’ choice.
Money isn’t everything. There’s more to life than worshipping money. Money is needed to get the things you want and need so you can enjoy your life. There’s no sense whatsoever in having a million dollars and not spending it cause money by itself is otherwise pointless and meaningless.
What I honestly thought you were going to do is buy this house so you could deal with your current one which I think would be brilliant.
Here is the post I had written until I saw your post above .
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Maybe she can get it even with low balling but it would be a shame if she loses it. I think she knows what she’s doing. At first I thought she’d have to list and sell her house as well as all its contents but she’s got enough money to actually purchase this with cash and if she does, she should get an extra good deal.
The house is in the area she lives so she’ll know everyone. While there’s an acre of land, it’s easy mowing and with an apartment complex going in down the road she’d have more people to possibly hire for help. In fact, Deb might meet quite a few people from the building and have some nearby friends and associates.
This house has plenty of trees on the apartment side to assure her privacy. The family units could be an asset. The streets would be ploughed early since there would be kids needing to get bussed to school. Public bus routes will probably be available which will be good for when she can’t or shouldn’t drive any more and if and when she sells it, she will have made a substantial profit, especially considering the low rate she is getting it for.
With purchasing this house it will leave her other one vacant so she can better sell the contents and possibly deal with the main renovations that need doing ( if she goes that route )
The new one will be like a breath of fresh air. The laundry room could be moved up into one of the bright cheery bedrooms. With such few trees, she will get plenty of sunlight which is great for moods and well being. Her health will probably improve, she will get the extra space and privacy as well as being in a better position to deal with her other house.
That would be a smart way to use her money as well as start a new life.