Good Morning Everyone. So far I have had some great advice on here and I greatly appreciate everyone taking the time to respond. I completely understand putting the time and money upfront, but am starting to question the return on investment.
I have purchased the parts for the windows and am in the process of fixing them myself. I am replacing the balances and pivot shoe locks. Ultimately a much easier and cheaper solution, at least for now. With the few that I have done, they work significantly better.
As I have been making my list of things to do, I am starting to get overwhelmed with the amount of things I feel will need to be addressed, either at the beginning or within the next few years. I'm really starting to wonder if the investment is worth it, to tack on time as well.
How do people prioritize major ticket items and budget it them in? With the assumption that most of these will need to be addressed in a 5 year span, how does anyone come out ahead?
Example,some more immediate concerns are the following. 1. Our front concrete steps are sinking, disconnecting it from the foundation. We have had a few quotes, most cannot just simply mud jack it, but would have to completely re-pour them. This can be a $10,000 project. If left untreated, could cause more issues down the line. There are a few temp fixes that still range in the $5000 range. 2. now add the furnace, garage door (not opener, but actual door mechanisms), front door that all will need to be replaced in next few years. 3. the gutters that need replaced now (ours are too small and its causing major overflow), and the flooring that needs replaced prior to renting it out.
These are just a few of the things we have come up with in the last few weeks thinking it through. Granted, some can hold off, but overall, we are looking at close to $35,000 - $50,000 in cost. Upfront out of pocket isn't feasible, going into debt for it doesn't make sense either. How do people manage these types of things?
Sorry, I know that was a lot, thank you for listening.
