(Closed) What would you do?

posted 7 years ago in Home
Post # 3
Member
3344 posts
Sugar bee
  • Wedding: August 2010

Can you turn the modular into a guest house or pool house or something in the future?

It seems like the price of land only goes up.  I think it would be a good idea to buy it now if the land is what you’re looking for.

Post # 4
Member
1090 posts
Bumble bee
  • Wedding: October 2011

I think that you should update it & live in it until you can save enough for the house of your dreams. You can always keep the modular and use it for a guest house or rent out later if you move it to the other corner of the property.

Post # 6
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

Can you not just purchase land to build on without having to pay extra for a house, repairs, and house removal?

Post # 8
Member
46159 posts
Honey Beekeeper
  • Wedding: November 1999

If you deciede you want to move up in a year or so, when your income increases, you can always sell and purchase something else.

Prices and interest rates are still pretty low, making real estate a good buy if you can afford it now. You will gain equity and be able to take advantage of the rising value of your home, even if you do sell  down the line.

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