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palimpsest

x-post selling to rent.

palimpsest
9 years ago

I have a client who wants help obtaining estimates to install central air and to refinish the floors in a small house in preparation for selling it. From my own experience, I know these two things could run $20K anyway, even with middling estimates.

The Plan of this client is to use the Net Proceeds from the sale to increase savings for retirement. My personal feeling is that the net proceeds will Not be enough to make this worthwhile. (I don't think he has a lot of equity). But this got me thinking:

How much would you need to Net from the sale of a house to increase retirement savings (and rent for the rest of your life) to make it worthwhile for you? (Assume no children/grandchildren if you can)

$50K?....$100K?....$250K?

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