Ah, the benefits of home ownership. NOT.
I have TWO properties to look after - one is the family home; Mom refuses to leave there, and my condo.
Need to put the condo on the market even as bad as things are here in SE Michigan. Try to sell it or rent it. Well, I am having to sink a bunch of money into it to make it saleable - Just in the last week - new furnace, new A/C and new water heater. It also needs a new garbage disposal, some minor patch and paint, new window treatments.... and the list goes on. I am hoping to recoup that when I sell - not get it back in the sale price but retire the debt on the equity line.
Non-benefit #2 - Mom's house. Drain line from an upstairs toilet leaking badly... damaging the ceiling in the kitchen in a hard-to-get-to spot over the sink. Turns out that line is rotten practically to the basement! Anyplace it is horizonal it is weakened and cracked. Sigh...... They may have to rip up a good chunk of the kitchen wall - cabinets, backsplash behind the range, etc. to get to it to fix it. THAT is covered by insurance. But the plumbing and the deductable are not.
Total cost to me so far: approx $7,000.
And the meter is still running...
Also - this is now two large claims in two years for Mom's house. I can only imagine what is going to happen to the premiums.
And no, I am not working.
I have TWO properties to look after - one is the family home; Mom refuses to leave there, and my condo.
Need to put the condo on the market even as bad as things are here in SE Michigan. Try to sell it or rent it. Well, I am having to sink a bunch of money into it to make it saleable - Just in the last week - new furnace, new A/C and new water heater. It also needs a new garbage disposal, some minor patch and paint, new window treatments.... and the list goes on. I am hoping to recoup that when I sell - not get it back in the sale price but retire the debt on the equity line.
Non-benefit #2 - Mom's house. Drain line from an upstairs toilet leaking badly... damaging the ceiling in the kitchen in a hard-to-get-to spot over the sink. Turns out that line is rotten practically to the basement! Anyplace it is horizonal it is weakened and cracked. Sigh...... They may have to rip up a good chunk of the kitchen wall - cabinets, backsplash behind the range, etc. to get to it to fix it. THAT is covered by insurance. But the plumbing and the deductable are not.
Total cost to me so far: approx $7,000.
Also - this is now two large claims in two years for Mom's house. I can only imagine what is going to happen to the premiums.
And no, I am not working.
