Showing posts with label resources. Show all posts
Showing posts with label resources. Show all posts

Thursday, January 15, 2009

How about an Affordable Classic Home?


Your best & brightest future might be... somebody else's dream home from 1970. You could be money ahead, big-time. Now the house featured here is not for sale right now, but this could be an ideal example of your best financial future and enjoyable environment.
Where are these homes now?
The older homes in Washington Township, Lawrence Township and southern Carmel are some of our region’s greatest community resources. In the future, the Indianapolis regional consumers will become more aware of the overall cost of home ownership. They will recognize the opportunity cost and make decisions considering their other lifetime financial responsibilities. Families will acquire a classic Indianapolis area home for something in the range of $135,000 to $250,000; then make improvements that go from minimal dollars for cleaning and painting through a more substantial investment that includes opening up walls and updating kitchens or baths. The net effect is that the owners will have a home which feels like something that is much, much more expensive in the suburbs, but their combined cost for acquisition, improvements, principal, interest, and taxes should be less. A prudent opportunity cost as the regional consumer becomes a more fiscally conscious individual, more aware of eventual education and retirement expenses.