Originally Posted by Thystle
Do you actually own any of the land the mobile home is on?
If you did move what would you do with it?
Is the new place closer to your work?
Yes, it is on about 5 acres, and we own all of it. Taxes are about $500/year. If we move, we will retain the property. As there are no monthly payments, and the insurance is very low, we're not too concerned about this. The property is used jointly with my parents as a family garden plot, so we'd most likely keep the MH here, and vacant for use when people visit, as well as as a place to come inside to get out of the sun and have a cold drink on occasion.
The ultimate goal will be to rehab and renovate the stickbuilt house (it was gutted at some point in time) on this property but that's at least 5-10 years off financially. At that point, the MH will be removed from the property as well, and a garage will be put in its place.
The other location is only a few blocks away, so location isn't such an issue.
Oddly enough, the more reasons coming up not to take the rental, the more I come up with justifying that choice. I think my feeling is that the quality of life change would be worth the added expense- provided we have the income to cover it without leaving ourselves up a creek. I desperately want my kids to have a safe, clean, bright place to grow up, with a safe kid-friendly yard to play in. We've made great progress here, but the reality is that if there had been any other options at that point in time, we would not have moved in here. There weren't, and we've done a lot to improve it, but it is not going to feel like home to me, and I feel like I need to decide what value I place on that.
The property here is great, and we are absolutely wanting to do it for the long-haul, but I'm so stressed, and cramped living in a construction site while the kids are small... adding to that that in order to stay in this place we need to build a new roof (it leaks when it rains or melts,) insulate everything, put in all new windows, and there's no way we can sell the MH for anywhere near the amount we'd have to invest... I feel like we're throwing money at a money pit. You know- the money to put windows in here could go to windows in the home we want to have renovated as a forever home- same with roofing, etc and so on...
I feel like emotionally I know what I want to do, but logically it's far from clear.