My 2 nephews just can't seem to catch a break. First, their father died when they were both very young. Next, their mother died the following year. Their maternal grandparents adopted them and all was well until grandpa (my dad) developed Alzheimers. The oldest boy will be 18 years old in 5 months and the younger one has 3 years to go. I was really hoping that their lives would not be turned upside down again, at least not until they were out of high school. For now, both boys want to stay with their paternal grandpa. We will just have to wait and see how it goes. I told my nephew that he can come back here any time which is why I keep thinking about what I would need to do if he came back.
First, I would need to change my address back to my property address because it is in a better school district and I need to be near a bus route to get him to school and back. Then, I would need to decide if I am going to buy a replacement manufactured home, fix up the existing one, or do something else such as:
I saw a park model home for $20k on a lot near my work. Those are only 1 bedroom but they are finished inside. I'm sure heating, A/C, and moving costs are extra.
A 24' x 24' garage with concrete pad costs $16k. I would have to pay someone to finish it and do some myself.
A 12' x 16' shed costs $6k. Concrete pad is extra and I would need to finish it. I could get 2 and we could both have our own cottages.
The lowest priced singlewide manufactured home costs $50k. This is the usual 2 bedroom model. This is my least favorite option since depreciation is harsh on manufactured homes.
Additionally, I would need a used car with more seating capacity. My preference is a Subaru Forester but anything in that style would be fine. I need to be able to transport my nephew and his friends without stuffing someone in the tiny jump seat in my truck. High school boys are too big for that. Plus, we would probably be spending the weekends at my house in order to get it ready to be rented or sold and I need a car that can transport humans and dogs without anyone having to sit on each other.
And the last of the immediate needs would be the snake fence. A 5' block wall of traditional Tucson yard size (I'm not sure what that is, maybe 20' x 40') cost $6,000.
Now, to pay for all this... I only have $15k available without borrowing from my 401k. I would have to stop paying extra on my mortgage and switch to my "property improvement plan" which was supposed to come after the mortgage was paid off in 3 years or so. That would mean $1500 a month for property improvements. Maybe I should stop paying extra on the mortgage now and put it in savings just in case. I probably won't though. I can handle $6K shed + $6K fence + $1,500 in improvements at a moments notice. Hmm...that just leaves the car problem. Well, I have some more thinking to do.