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Reply to "Knowing when to cut your losses"
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[quote=Anonymous][quote=Anonymous]OP here Condo is in South Arlington/Arlington area. Buildings are older but solid. It is a very nice and well maintained community. Condo association is in very good shape and all that. Our unit will eventually need some work though- kitchen is older but looks nice, bathtub could stand to be replaced, windows are older but fine. I just worry about having to do all that at some point. I also worry that while condo prices may eventually go up, our unit's worth will go down as it gets older and beat up. I also hate dealing with finding new renters every year. I'd be fine if we found someone to stick around for a few years. I'd also love to get the money back that we have tied up in the condo so we could do some big projects around our house. I guess we will see what happens and maybe review things next year. [/quote] As a renter, I don't care so much if the kitchen, bathroom and windows are older. As long as everything is clean, doesn't have grim built up from the years, and the grout looks new. Old window are only an issue if they are poorly insulated and I am paying utilities. Spend the money on renovating your house instead.[/quote]
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