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second home

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  • second home

    Purchased second home in 2008 for $325,000 invested $35000 in improvements.
    House now worth $300,000.
    Want to make a keep or sell decision.
    Keep: Value increases at 1.5% After six years house possibly worth $327,000.
    Sell: Invest $300,000 with at least 4% return after six years investment worth $379,595.
    Is my reasoning correct what am I missing.

  • #2
    Gee, I hope your crystal ball is right...but what facts are supporting your suppositions?

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    • #3
      The 1.5% for the house is just WAG. The 4% on investment is not too hard to do.

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      • #4
        You are near about correct but we don't know after six years how much its value will be it, So may i know how you came to know that after six years its value will increase at 1.5%.

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