closed on lot today. we're land barons!
We closed on our lot today. Yeah! We now have two mortgages! Three, if you count the HELOC. Oh well. We couldn't pass up the deal we found on the property. It's my understanding that our 3.5 acre lot had to be sold first because there was a concern that it would not sell as easily as the adjacent 7 acre lot. Um, no. I think people would prefer the 3.5 acre lot. Not too big. Not too small. Juuust right (until we have to mow it). We did forget to ask about the crop lease and who to check with about extending it.When Becky gets out of school and gets a job, we'll be in a much better position. In the meantime, it's going to be a little tight. But we just set up a second checking account that will be strictly reserved for paying bills and we are setting up automatic bill payments to ensure that everything is paid on time with no late fees and we'll have to manage on what is left over along with any additional monies we can bring in other ways. I am thinking of getting a pizza route in one of the swankier communities (where you're more likely to get tipped) to augment our income a little and help us more aggressively pay down our debts. Isn't that nuts? Assume a huge liability/asset like our 3.5 acres and then get busy paying off debts? Sounds a little backwards, but you do what you gotta do. We want to be ready to build when Becky starts working. In the meantime, we have three years to plan, plan, plan (and dream a little).
I was trying to come up with an idea of how to accommodate Becky's incredibly humongo family for family gatherings. It would be cool to have the entire family sitting at a long table, but the standard dining room would simply not work (and still be re-saleable). I married this idea with another "wish" for an indoor swimming pool and thought I could kill two birds with one stone by having an indoor swimming pool with a hard wood deck cover and use that room for the large family gatherings. We would have to deal with a slight chlorine smell, but I think that would be reasonable. Throw in a waterfall for ambiance and wow, what a setting. The real trick is making it fit in the budget. Budgeting is going to be the real trick overall.
I updated the header for blawblawblog. I hope you like it. Unless you are a Ute, in which case I hope you grow to loathe it over the upcoming years as the Cougars kick your sorry piratey behinds all over the field. I think it is rather nice myself. *sigh* I can't wait for football season to start.
posted by bylaw @ 7:50 PM
1 Comments:
Hey blaw...the idea about the swimming pool is great!!! Go for it.
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