 |
|
09-23-2010, 04:56 PM
|
#1
|
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
Disowning a home
And while we're at it: how do I go about having a house torn down?
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
09-23-2010, 04:59 PM
|
#2
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
I have never done this, but have seen plenty of it here in New Orleans during the past five years.
I would suggest starting by looking up "Demolition" in the Yellow Pages. The demolition companies probably know of any paperwork that needs to be done. I think it costs about $5K or so, depending on the difficulties, size, and whether or not you want the slab broken up (if there is a slab). Of course you will have to have the gas, electricity, and water disconnected and so on.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
|
09-23-2010, 05:01 PM
|
#3
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
Maybe you could donate it to the city and get a tax write off. Some fire depts use old houses for training, then demolish them when done.
__________________
Numbers is hard
|
|
|
|
|
09-23-2010, 05:02 PM
|
#4
|
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
I do want to do it correctly: sewer water gas electric...
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
|
|
09-23-2010, 05:03 PM
|
#5
|
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
 Quote:
Originally Posted by REWahoo
Maybe you could donate it to the city and get a tax write off. Some fire depts use old houses for training, then demolish them when done.
|
A nearby house was burned for practice; don't know if mine is too close to other structures.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
|
|
09-23-2010, 05:04 PM
|
#6
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
|
I understand the need to just disown a house you are fed up with and start all over again. But where will you live? Would you build another house on the same spot? If you just want to move, why not just sell the house?
|
|
|
|
|
09-23-2010, 05:12 PM
|
#7
|
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
The building is falling apart. The only thing keeping me here is the cat.
I could move across the street to an apartment.
I could move to various parts of the country to be near people who would take care of me but leave me alone.
I'm trying to discern my future.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
|
|
09-23-2010, 05:45 PM
|
#8
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
|
Do you owe anything on the place? If yes, can you walk away from the mortgage and let the bank worry about it? If no, can you sell it dirt cheap and at least get something?
I've seen pictures of your place and it looks pretty. Someone might want to take it on as a fixer upper.
__________________
I purr therefore I am.
|
|
|
|
|
09-23-2010, 05:53 PM
|
#9
|
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
Paid for long ago. Maybe worth $40K on a warm day.
Maybe I'll just give it to the neighbor and let him worry about it.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
|
|
09-23-2010, 06:02 PM
|
#10
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
|
If you're thinking about moving, you may want to consider keeping it for a while. Could be you'll decide you want to go back. After a period of time has gone by and you don't feel the need...sell it.
__________________
There's no need to complicate, our time is short..
|
|
|
|
|
09-23-2010, 06:04 PM
|
#11
|
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
I'm getting restless.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
|
|
09-23-2010, 06:06 PM
|
#12
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by Khan
Paid for long ago. Maybe worth $40K on a warm day.
Maybe I'll just give it to the neighbor and let him worry about it.
|
What is the worry? It is a city house with city water and sewer and a foundation. Someone will fix it up and either rent it out or live there.
Be careful of letting a temporary down mood lead you to to make bad decisions.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
|
|
09-23-2010, 06:19 PM
|
#13
|
|
Full time employment: Posting here.
Join Date: Jul 2008
Posts: 619
|
Quote:
Originally Posted by haha
Be careful of letting a temporary down mood lead you to to make bad decisions.
Ha
|
^^ This. Think it through, Khan.
|
|
|
|
|
09-23-2010, 06:27 PM
|
#14
|
|
Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
|
Quote:
Originally Posted by haha
What is the worry? It is a city house with city water and sewer and a foundation. Someone will fix it up and either rent it out or live there.
Be careful of letting a temporary down mood lead you to to make bad decisions.
Ha
|
Been thinking about such for several years.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
|
|
|
|
|
09-23-2010, 06:29 PM
|
#15
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,298
|
Have to be purely awful for it to be worth more as a vacant lot. Purely awful hasn't sprung to mind on any of the pictures you've shared.
|
|
|
|
|
09-23-2010, 06:30 PM
|
#16
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
|
Mmmmm....well, perhaps you could have someone take care of the kitty; then take a few bucks out of your retirement fund, go somewhere and clear your head a little.
Drive...better yet, book a flight to Vegas. I guarantee you will find quite the experience. A lot of fine people watchin' can be had there for the 'restless' spirit... 
__________________
There's no need to complicate, our time is short..
|
|
|
|
|
09-23-2010, 06:34 PM
|
#17
|
|
Recycles dryer sheets
Join Date: Oct 2009
Location: Los Angeles
Posts: 50
|
You could get some money out of it and not have to pay for the demo by calling up a recycling / salvage company.
Tell them they can take all they want from the house for a set fee and as long as they demo and remove at the end as well.
Should make it worthwhile for a recycling / salvage company who can strip the piping, etc etc.
OR... just rent it out really cheap? $400/month?
Why get rid of it when you can turn it into a monthly recurring income stream
|
|
|
|
|
09-23-2010, 07:02 PM
|
#18
|
|
Recycles dryer sheets
Join Date: Jun 2010
Location: Seatlle
Posts: 185
|
Just Sell it! 
Someone somewhere is gonna pay some dough for it - shabby house & all.
Then take the money & run!!
You will feel so much better once you jettison the place. 
(At least that is what I am doing right now.....  )
|
|
|
|
|
09-23-2010, 07:04 PM
|
#19
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
|
Quote:
Originally Posted by Khan
Been thinking about such for several years.
|
OK, so there's no urgency to make a decision right now. Sometimes the change of seasons inspires a wish to change your life. I've felt that before. Take your time and explore some options. There are always options Khan.
I just hope you decide on the one that's best for you in the long run.
__________________
I purr therefore I am.
|
|
|
|
|
09-23-2010, 07:10 PM
|
#20
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
Quote:
Originally Posted by haha
What is the worry? It is a city house with city water and sewer and a foundation. Someone will fix it up and either rent it out or live there.
Be careful of letting a temporary down mood lead you to to make bad decisions.
|
+1
If you sell it to some one who can fix it up rather than having it torn down, it will provide a low cost home for some family. That's a good thing.
__________________
Numbers is hard
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
