Home Improvement, Home Living, and Real Estate Blog » Retire http://www.devilsbackyard.com Home Improvement, Home Living, and Real Estate Blog Wed, 10 Nov 2010 14:01:23 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Las Vegas: A great place to retire http://www.devilsbackyard.com/2009/10/15/las-vegas-a-great-place-to-retire/ http://www.devilsbackyard.com/2009/10/15/las-vegas-a-great-place-to-retire/#comments Thu, 15 Oct 2009 11:07:34 +0000 admin http://www.devilsbackyard.com/?p=121 lake-las-vegasI live in a small single family home in one of the beach areas in Southern California. And have spent the last few years witnessing my home appreciate in value at a level that is unbelievable. I have a thirty-year mortgage on my home that will be paid off in another 10 years. My current payments are $1435.00 plus $ 600 in property taxes each month. Ten years ago I would have never believed that this type of appreciation would be possible. And other than a slight “adjustment in the market” There seems no end to it. In studying comparative sales in neighborhoods close to me, it looks like I have about $300,000.00 in equity. This is Unbelievable, and gives me retirement opportunities beyond my wildest dreams.

So now I am in a quandary on whether to sell my 20 years old home or remain where I am and refinance. So I am exploring the following options:
Refinance and remodel or upgrade my home and pay off the pesky credit card and car loans.
Refinance and with the proceeds invest in another piece of property, in such hot markets as the Green Valley area of Las Vegas. Rent the property and then I can have the tax benefits of a rental property.
Sell this property and move to a beautiful new home in the Las Vegas area. I can purchase a home in Nevada and live mortgage free.

As I explore all my options I am beginning to believe think that the smartest thing I could do is purchase a new home in Lake Las Vegas.

]]> http://www.devilsbackyard.com/2009/10/15/las-vegas-a-great-place-to-retire/feed/ 0