The Pros how to get rid of ants in ur house and Cons of Moving From a Condo to a House – Retire by 40

We’re moving! We are putting our condo on the market and moving how to get rid of ants in ur house to our rental duplex next month. It’s not a huge change because we’re moving just 2 miles away and the size is how to get rid of ants in ur house about the same. However, this is causing all kind of anxiety for mrs. RB40. She hates moving with a passion. Luckily, she’s going along with it this time and she’s been doing the bulk of the packing and organizing. I really hope this works out because this move is how to get rid of ants in ur house mostly my idea. Today, I’ll share my thought on moving from a condo to how to get rid of ants in ur house a house. Duplex recap

Here is a quick recap of this duplex. We acquired this duplex in 2014 with the 1031 exchange. We sold our old rental home and put the money how to get rid of ants in ur house into this duplex to defer capital gain tax. At the time, I planned to move into the property in a few how to get rid of ants in ur house years so we can take advantage of the home sales how to get rid of ants in ur house exclusion rule. Basically, homeowners can sell their primary residence and avoid paying taxes how to get rid of ants in ur house on $500,000 (for married couples) of the capital gains. This is a big tax break if the value of how to get rid of ants in ur house your home increased over the time you live there. We’ll still have to pay taxes on the depreciation taken how to get rid of ants in ur house when we sell, but that’s another story. Anyway, we purchased the duplex with the goal of moving into how to get rid of ants in ur house it at some point.

Now it’s 2019 and I’m ready to move. Why now? There are many factors. I’ll go over them and list the pros and cons how to get rid of ants in ur house of moving from a condo to a house. I’ll also figure out if this move will help us how to get rid of ants in ur house reduce our monthly housing expense. It should, but I haven’t crunched the numbers yet. BTW, we’re moving into one unit of the duplex. Currently, the other unit is still rented out. Why move this year?

• the real estate market is softening. I think we need to sell our condo while we how to get rid of ants in ur house can. If we wait any longer, the condo market will soften even more. Like many cities, portland had a construction boom over the last few years. There will be many condos and apartments coming online this how to get rid of ants in ur house year.

• we need to simplify our investment. I’ll have to spend more time in thailand to help how to get rid of ants in ur house my mom and mrs. RB40 doesn’t want to be a landlord. She had to replace a GFCI outlet while I was how to get rid of ants in ur house gone for 5 weeks. It was a debacle and I’m never going to hear the end of it.

These are the reasons why I want to sell and how to get rid of ants in ur house move. We’re happy in our condo so we didn’t mind the status quo for a long time. However, it is the time to get going. Who knows what the housing market will be like next how to get rid of ants in ur house year. I definitely don’t want to be stuck paying multiple mortgages. Pros of moving to a house

We lived in our condo since 2007 and it’s been pretty good. We have an awesome view. I’m really going to miss that. Also, the condo is centrally located so it’s very convenient. However, I’m looking forward to moving into a house too. Here are the pros of moving to a house.

• better price appreciation – disappointingly, the price of our condo hasn’t increased much since we moved in. Of course, we purchased at the height of the housing bubble so how to get rid of ants in ur house it’s somewhat understandable. However, I still think the house will appreciate more than the how to get rid of ants in ur house condo.

• noise… – usually, this is a big complaint about living in a condo. We’re surrounded by other units. However, it hasn’t been too bad for us. Our building is made from concrete (mostly) and the disturbance has been minimal. About 5 years ago, we had a neighbor upstairs that played loud music at how to get rid of ants in ur house 9 pm before going out on saturday night. But that was pretty infrequent and he’s gone now. The house should be much better. Our renter is a professional and he’s a reasonable guy.

• size – the size of the living area is about the same, but eventually we’ll have more space. We’ll remodel the basement and add some living area there. Also, our tenant will move out eventually. Once he left, we’ll have plenty of space. I might turn the upstairs unit into an airbnb rental, though. We’ll have to evaluate the situation later.

• the view – we have a spectacular view of the willamette river and how to get rid of ants in ur house mount hood from our condo. We have the privilege of seeing the sunrise every morning how to get rid of ants in ur house and it always lifted our spirit. This view makes a huge difference in a rainy city how to get rid of ants in ur house like portland. In a house, we’ll just see the rainy street with gray sky above. In the condo, the view is beautiful even when it is raining. I’ll really miss this incredible view. This is the main reason why I was reluctant to how to get rid of ants in ur house move.

• 1 bathroom! – unfortunately, our unit will only have one bathroom. I don’t think it will be a huge deal, but who knows. It’s not like we spend a lot of time in how to get rid of ants in ur house the bathroom. We’ll just have to manage our bathroom time more efficiently how to get rid of ants in ur house and leave the door unlocked… eventually, I plan to finish the basement and add a bathroom how to get rid of ants in ur house down there.

• no dedicated parking spot – this house was built in 1890 and there wasn’t a need for a garage back then. I assume the residents took public transportation or just park how to get rid of ants in ur house their carriage in the backyard. Maybe there was a carriage house back then, but the lot has been subdivided and built over. Anyway, we’ll have to park in the street. Mrs. RB40 is unhappy about this because she needs to work how to get rid of ants in ur house on her parallel parking skill.

That’s all I got for the pros and cons. These aren’t big factors that swayed us to move or stay. It’s really a move with an eye on the future. Eventually, we’ll have a bigger living space and some money on how to get rid of ants in ur house the capital gain tax. This is a long-term play that should pay off later. In the short term, I’m pretty sure the move will reduce our cost of how to get rid of ants in ur house living. The finance of moving into a house

Now, it’s time to crunch the numbers. This is a little tricky because it’s a duplex and one unit is rented out. I’ll assume the rented unit will pay 50% of the mortgage, property tax, and other shared costs. I’ll add a 3 rd column for after our tenant how to get rid of ants in ur house moves out. We’ll assume 100% of the housing cost then.

As I suspected, living in one unit of the duplex will reduce our how to get rid of ants in ur house monthly expense by a good amount. However, the monthly housing expense will shoot up once our tenant how to get rid of ants in ur house leave. That’s in the future, though. I’ll worry about it later. For now, the number looks good to me. The only thing I didn’t add here is entertainment. We’ll probably spend more money on entertainment after we move how to get rid of ants in ur house to this more walkable neighborhood. There is a great ice-cream shop just a block away. It’ll be much easier to eat out too. There are a bunch of great restaurants in the neighborhood. I’ll have to keep an eye on that expense and how to get rid of ants in ur house try to keep it down.

Lastly, our rental income will drop significantly. This reduction will be a big hit for our passive how to get rid of ants in ur house income. However, we’ll get some cash infusion from the condo sale. I’m planning to invest this money in dividend stocks and how to get rid of ants in ur house real estate crowdfunding. There are a lot of moving pieces here. I’ll have to wait and see how it goes.

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