Tuesday, June 16, 2009

What's next?

Ok. I've mentioned in a few posts in the past that my next step was to purchase the other half of the semi-detached house. Check.

So, what now?

Well, the first thing is to save up a little bit of money again. It's time to invest into the properties that I own. I need to upgrade things like the heating and cooling systems. I might even try to build a deck in the back yard. I'm going to add some value to the existing properties, and I am considering selling the Stittsville property in the near future. The Stittsville market seems pretty hot at the moment, and it seems as if it is a good time to cash out.

On the other hand, the current tenants have been good. There really is no rush to dispose of the property. If the Stittsville market is hot, I might as well let it fully appreciate. I should do this for two reasons. First, I should try to maximize the value I get for the house. Second, I can maximize the value for the house as I continue to save some money and do a few little upgrades that will expediate the sale.

There is the latest.

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