New Plans for Past Places
There are not too many
times when an opportunity arises
that will create changes in almost
every area of your life. The
biggest challenge seems to
lie in making all the
right decisions.
When the option arose for me to
sell my properties it was
not an easy decision to
make. I purchased
the property in 1989,
and moved
my business onto this
location and at the same time
began
renovations to try and
bring it up-to-date.
The previous owners
had
occupied the residense
since 1914.
The house needed a lot of work.
My husband and I have
a passion for old houses,
so we got busy
and sanded down floors,
updated the wiring,
ripped wallpaper and
linoleum out, put in a
furnace, replaced the
plumbing and on and
on.
We are not even near being
finished, and many of the
remaining
renovations will be
expensive. Weighing
everything out, we decided
to make the sale and move
my business to a
different location.
We purchased a
building on Hennepin Ave.,
which at one time
used to be a
Theater.
There will be a
complete renovation
bringing everything up to
code and then we will
make the big move.
If everything goes
according to the plan,
I will be established in my
new salon by
October 1, 2012.
The white house on the
property is an
Apartment
house where some very
nice tenants live. We will be moving
his house
to a new location.
Opportunities bring challenges.
- Big Decision
- Should I sell or should I keep?
- Do I want to reinvest or take the money and run?
- Am I old enough to retire?
- Do I want to work for someone else?
- Will I get hit with capital gains tax?
- What types of investments are paying right now?
- Am I "OK" with having a structure demolished?
- Is relocating my business a good idea?
Big Project
Big Controversy
Big Responsibility
It is bittersweet to have this opportunity
with a positive outcome, and at the same
time have conflicting, not so positive
decisions to make.
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