When our child told us that they were home hunting I was undoubtedly surprised.
They’ve only been married a couple of years plus my buddy and I figured that they would wait at least a couple before they decided to make the leap into home ownership… What undoubtedly surprised us was the fact that they were looking for not only a arena for themselves to live but a arena that would have a home affixed to it as well.
This meant that they would not only be home owners but proprietors as well plus this concerned me slightly, then only income property can be elegant as far as the cost Factor but it can also mean a headache when it comes to maintaining both your own home plus that property. My associate and I tried to caution them on the fact that they would need to keep at least a few thousand dollars in the bank at all time so any Appliance breakdowns or major repairs to the rental machine could be done in a timely manner, and problem with several of the doubles for sale in our area is that the sellers try to hide any major problems with cosmetic improvements. They do not necessarily disclose problems with things like the Heating plus Air Conditioning system or the ventilation system. My associate and I made sure to tell our child plus her husband to have the inspector check those out thoroughly before they even put in a bed as those can be undoubtedly costly repairs that need to be done instantaneously. Replacing a window or painting your room can be done over time but you can’t spend the winter season without heat plus neither can your leaseholders.