WE are having a really hard time right now deciding what to do. Let me explain...We are pre-approved for a loan for a house and have found a couple places that we like. We even have an offer that has been accepted at one. Meanwhile, Adam still looking for other places found a Salon for sale right by where we live right now. Seriously, across the street and down a few feet. It is a great deal. It just needs a bigger clientele.
So we need to choose what we want to do with our money right now.
The salon is very much in our budget, to buy. But if we don't get more clientele coming in fast then we won't make rent (like the owner right now). With Adams accounting skills and me being a hair stylist...we think we could make it work. It has always been a dream of mine to own a salon, I was just putting it off until our kids were in school. Adams dream has also been to own a business and has wanted to help me with a salon. It is in a great location, on two busy streets and freeway exit and entrance. If we could get it back up and running (like it used to), we would have an entire extra income. We love Bountiful and friends have already offered to help with the girls. But what if we can't get the clientele we need and what if I end up having to be there so much that I miss out on my girls...I really only want to work from 9-12 with an hour break to take lunch with the girls and back to work while they take there naps and then home after that. Will it be too stressful or with mine and Adams skills put together would we make a great team and create an amazing business??
One of the houses we are looking at is in Layton. It has 3 bedrooms and a huge fenced in back yard. Adam called the Bishop of the ward we will be in and it seems like it would fit us well. A mix of every age. A huge park just around the corner with a playground, a walking path, a duck pond, and huge play area. I have great ideas for decorating it and making it our own. I could really see us staying there for a while and even adding on to it to make it bigger and nicer. The other one is a condo in Bountiful just up the street a little ways from where we are right now. In Bountiful that is really all we can afford, is a condo. It is also a 3 bedroom. It is remodeled and really nice on the inside. It doesn't have a very big yard...but the location is great. It would be easy to rent out after we moved to a bigger place (when we had the budget in a few years). The government is also offering an $8,000 housing tax credit when you buy your first home. So come next year when we get our taxes...just add $8,000!!!! How could we miss out on that if we can afford it. But we aren't even 30 yet and we would have a 30 year mortgage already. If we chose the Layton house we would be leaving our friends that we have here and have to start over again. We do also have to take in account hope repairs and other expenses that are unknown.
What do WE do??? What would be best for us and our family right now?? WE have been praying every day about it and I still feel 50/50! I have great ideas for a new house and great ideas for owning a salon and getting it back in business. I am constantly thinking of both and not ever leaning either way more than the other. We even considered buying the condo in Bountiful and the Salon...but the risk just seems too high! So we have to choose. What do you think?? Please help!
* Decorating and painting books
(thanks to Stephanie R. again)
