We looked for two+ years for a home with acreage and privacy where my DH could have an oversized garage to restore vintage cars. We finally found one that had over an acre but wasn't way out some dangerous road. It was a foreclosure and needed cosmetics but a ten-year old house and structurally sound.
We spent several months remodeling it and buying furnishings. Now the house is like new inside with beautiful wood floors.
Just when we were close to being ready to move in, we get a notice from the county. A developer is proposing the building of 64 new homes on small lots right next to us. A lot of people in the community aren't happy about this and it may not get approved. But if it does happen we would have several houses on our property line and a busy road going right past our driveway.
So we can stay and try to fight it. Maybe get them to build on larger lots - less homes.
Or we can try to sell now before putting more money into it. Next steps are the large garage and a solar system.
It makes me sick to think of selling. We did this to our taste - not to flip. I never would have put expensive wood floors and plantation shutters in a flipper.
This situation will take months or maybe years to sort out.
The other thing is if we sell, we won't make a lot and it's hard to find a home that suits our "needs"
This potential development wasn't disclosed by the listing agent. I consulted an attorney and he said at this point we haven't been damaged. If we couldn't sell the house or had to sell at a low price then maybe we'd have a case.
Any advice?
We spent several months remodeling it and buying furnishings. Now the house is like new inside with beautiful wood floors.
Just when we were close to being ready to move in, we get a notice from the county. A developer is proposing the building of 64 new homes on small lots right next to us. A lot of people in the community aren't happy about this and it may not get approved. But if it does happen we would have several houses on our property line and a busy road going right past our driveway.
So we can stay and try to fight it. Maybe get them to build on larger lots - less homes.
Or we can try to sell now before putting more money into it. Next steps are the large garage and a solar system.
It makes me sick to think of selling. We did this to our taste - not to flip. I never would have put expensive wood floors and plantation shutters in a flipper.
This situation will take months or maybe years to sort out.
The other thing is if we sell, we won't make a lot and it's hard to find a home that suits our "needs"
This potential development wasn't disclosed by the listing agent. I consulted an attorney and he said at this point we haven't been damaged. If we couldn't sell the house or had to sell at a low price then maybe we'd have a case.
Any advice?