Reply to sell as-is vs renovate

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[quote=Anonymous]You'd benefit from retirement planning, probably with assistance from a fiduciary like Vanguard or Fidelity, e.g., https://investor.vanguard.com/advice/personal-financial-advisor

As part of the planning process, you need to refine your vision for the long-term, i.e., will you still have 3 dogs, what kind of housing do you want to live in when you're more frail or begin to experience physical or cognition issues, can no longer drive, etc?  Aging in place requires more than the installation of a stairlift or elevator and replacing door knobs with lever mechanisms.  Do you want to move to a CCRC and, if so, how will your financial resources match up with those costs?

With respect to your house, continued deterioration will probably result in it being eventually purchased so that it can be torn down and replaced with a more modern design, so it may not make sense to put a lot of money into it except to the extent necessary for your health and safety.  This is especially true if you have seen such in-fill activity in your neighborhood already, where older homes are replaced by larger and more modern designs.

Start with retirement planning, since your future financial resources will define your future options.  And, as previously noted, holding such a large percentage of your portfolio in cash for the long-term is unwise.  You'll be much better served, and more likely to stay ahead of inflation, with a balanced portfolio of low-cost diversified bond and stock ETFs in an asset allocation appropriate to your goals and timelines.[/quote]

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