Comments on: Part IV: Financing the Disaster in the Bathroom http://www.mapgirl.net/mfc/2008/04/21/part-iv-financing-the-disaster-in-the-bathroom/ Just tidbits about money and finance. Wed, 03 Dec 2008 20:36:15 +0000 http://wordpress.org/?v=2.5 By: budgets are sexy http://www.mapgirl.net/mfc/2008/04/21/part-iv-financing-the-disaster-in-the-bathroom/#comment-193275 budgets are sexy Mon, 21 Apr 2008 21:18:01 +0000 http://www.mapgirl.net/mfc/?p=1103#comment-193275 All i know is having a goal is key! and it looks like you're on the right track Mapgirl :) at least it's an adventure, right? All i know is having a goal is key! and it looks like you’re on the right track Mapgirl :) at least it’s an adventure, right?

]]> By: lanea http://www.mapgirl.net/mfc/2008/04/21/part-iv-financing-the-disaster-in-the-bathroom/#comment-193253 lanea Mon, 21 Apr 2008 19:06:18 +0000 http://www.mapgirl.net/mfc/?p=1103#comment-193253 We're almost done remodeling our downstairs full bath, so I should be able to do some math and figure out what the whole thing actually costs us within a few days. We had no ceiling collapse, of course, but we're replacing everything but the toilet and only doing the painting ourselves, so should be able to give you an idea of real costs in the area right now. We’re almost done remodeling our downstairs full bath, so I should be able to do some math and figure out what the whole thing actually costs us within a few days. We had no ceiling collapse, of course, but we’re replacing everything but the toilet and only doing the painting ourselves, so should be able to give you an idea of real costs in the area right now.

]]> By: donna jean http://www.mapgirl.net/mfc/2008/04/21/part-iv-financing-the-disaster-in-the-bathroom/#comment-193235 donna jean Mon, 21 Apr 2008 15:22:23 +0000 http://www.mapgirl.net/mfc/?p=1103#comment-193235 My advice (ha!) is fix the bathroom and stay put. If you're not leaving the area or needing to move closer to work, then it just seems like a transition that you should hold off on for a little while. As for wanting to fix other stuff if you stay - thats fine, but I'd still wait until the bathroom is done and paid for. Then see where your finances are and if there are any other life changes before taking any more steps. I've found that putting remodeling steps on hold for a few weeks or months really changes my perception about them - most the time I get caught up in the idea of something new and eventually realized there are better places for my to spend my energy and money and that the place really isn't as bad as it seemed last month. That or something else major breaks and I'm thankful that I have the resources to cover it. My advice (ha!) is fix the bathroom and stay put. If you’re not leaving the area or needing to move closer to work, then it just seems like a transition that you should hold off on for a little while.

As for wanting to fix other stuff if you stay - thats fine, but I’d still wait until the bathroom is done and paid for. Then see where your finances are and if there are any other life changes before taking any more steps.

I’ve found that putting remodeling steps on hold for a few weeks or months really changes my perception about them - most the time I get caught up in the idea of something new and eventually realized there are better places for my to spend my energy and money and that the place really isn’t as bad as it seemed last month. That or something else major breaks and I’m thankful that I have the resources to cover it.

]]> By: Twiggers http://www.mapgirl.net/mfc/2008/04/21/part-iv-financing-the-disaster-in-the-bathroom/#comment-193232 Twiggers Mon, 21 Apr 2008 13:58:55 +0000 http://www.mapgirl.net/mfc/?p=1103#comment-193232 Well, it does sound like you have everything figured out to pay for the bathroom. Is there a reason you NEED to rent out the place and move? Financially, it just doesn't seem like the best option for you right now. Maybe you can compromise. Stay there to save the hassle and money, and tell yourself that you will make small repairs AFTER paying off so much debt, and only pay for the repairs/upgrades in cash! If you decide to rent why spend a ton of money on kitchen stuff? Renters aren't going to appreciate the nice, new stuff and may even trash it. Well, it does sound like you have everything figured out to pay for the bathroom. Is there a reason you NEED to rent out the place and move? Financially, it just doesn’t seem like the best option for you right now.
Maybe you can compromise. Stay there to save the hassle and money, and tell yourself that you will make small repairs AFTER paying off so much debt, and only pay for the repairs/upgrades in cash!
If you decide to rent why spend a ton of money on kitchen stuff? Renters aren’t going to appreciate the nice, new stuff and may even trash it.

]]> By: Dedicated http://www.mapgirl.net/mfc/2008/04/21/part-iv-financing-the-disaster-in-the-bathroom/#comment-193231 Dedicated Mon, 21 Apr 2008 13:20:10 +0000 http://www.mapgirl.net/mfc/?p=1103#comment-193231 Hi Mapgirl - just an FYI, unless you are starting a rental business - your appartment rental (investment) would go on a Schedule E. Wouldn't want you getting into some Self-Employment Taxes from this. :-) Hi Mapgirl - just an FYI, unless you are starting a rental business - your appartment rental (investment) would go on a Schedule E.

Wouldn’t want you getting into some Self-Employment Taxes from this. :-)

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