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No. of Recommendations: 1
I have been considering this house as more a good place to live than an investment, because obviously as an investment I am losing my shirt.

I might have tried too soon here - it is just that there is a chance I might get married and even though he probably has an OK credit rating, I hear it's more complicated in that situation.

Since I bought it, I've replaced 2 picture windows (not just cosmetic, they needed it), had a bathroom fan put in, added more insulation in the attic, replaced gutters and downspouts, had the roof done (they tore off 2 layers of shingles, installed new shingles and ridge vent), installed soffit vents, improved the grading near the house and fenced the back yard. (Also installed electricity in the garage and evicted squirrels from the attic, but I'm not mentioning that.)

Been paying extra and the balance is down to about $51,000.

Anyway, the assessment came out at $50,000. Sounds low to me. I suspect a lot of it is that the area has been recovering slowly from the recession. It does not look like Detroit, though. Most of the foreclosure houses have probably been sold off and there are very few boarded-up buildings in the neighborhood now. But also the assessor was bothered by the kitchen cabinets (which need to be stripped and painted, it's just that when I've had time to do it, the weather has not cooperated. Either beastly hot or pouring rain. I'm considering just taking the doors down to the basement.) Possibly the mixed neighborhood bothered him too, I don't know.

So I might go with paying it down. I just can't do as much as they want right away because I dipped into savings to pay for the roof. At least I heard a number this time...

Actually I had not looked at WHEDA because I would like to get away from the really long owner-occupancy requirement. I'll check, though. I want to stay here & that's what I plan on doing, but stuff happens to people. If something happens that I can't stay here I would like to be able to rent the place out (as opposed to, say, just losing it.)

- Paint
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