I've a house that requires unaffordable major repair. Can I dispose or think other options.?

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Property (about 2,200 sq.ft) is at Chennai fast developing area very close to MRTS Stn., Air Port, TIDAL PARK IT corridor, adj. to very big School. Option open to me is to go for out right sale and look for new property within the budget and without any hassle.. Alt. can I construct 1+2 floors, sell one floor and retain 2 floors (one for Residential and other for SME - say Business Centre with all infrastructure-Office sharing. As per the market rate sale value of one floor will finance me surplusly to finance the entire activity. I need not take any loan. I am about 62 years with 40 years experience in Office Management & also const. work -- I can work for another 8 years and transfer the business to my children. If I sell the property,it is next to impossible to acquire one in the nearest area and I will be pushed only to a remote.place. Which one is wiser to do. Is there any more or other options that can be evaluated. Please help me.

I've a house that requires unaffordable major repair. Can I dispose or think other options.?

IN VIEW OF DEPRECIATION VALUE OF PROPERTY IT IS BETTER TO CELL THE PROPERTY IF YOU GET GOOD VALUE OF PRICE FOR THE PROPERTY TO GET MENTAL PRICE AT THIS AGE. PURCHASE A SMALL ACCOMODATION HOUSE AT GOOD PLACE AND ENJOY THE REST OF LIFE.

I've a house that requires unaffordable major repair. Can I dispose or think other options.?

Place this info in the storeonwheels group in yahoo! groups.


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