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bearishgurl
Participant[quote=kcal09]Based on your numbers it may take up to 12 years for you to recoup the initial investment. It will only make financial sense if you plan in your home for more than 15 years.[/quote]
Just saw this and completely agree, kcal09.
Participant[quote=kcal09]Based on your numbers it may take up to 12 years for you to recoup the initial investment. It will only make financial sense if you plan in your home for more than 15 years.[/quote]
Just saw this and completely agree, kcal09.
Participanttrojan4life, I think $160 mo. is high, too, esp. since you do not run A/C. I can’t see the pool pump costing more than $12-$20 month. Are you running a spa heater as well?
I have a 2200 sf 4/2 house and my last SDGE bill was $56. It’s been as high as $88 in the winter. I don’t have a pool but I have a sprinkler system. Don’t think that uses too much elec.
That said, I have seen these installed on a few homes. At $29K, I figure it will take you about 12 years to break even, assuming a $200 mo. energy savings from it ([29,000/200] /12). This is a rough est. which assumes your bills REALLY WILL go up to $400 without the solar panels installed. If you have overestimated this, it could take 14-18 yrs. to break even.
I don’t like the looks of these on the roof, but if you insist your pool be heated so you can use it year-round, it is probably the only way to go if you can afford to install them.
Participanttrojan4life, I think $160 mo. is high, too, esp. since you do not run A/C. I can’t see the pool pump costing more than $12-$20 month. Are you running a spa heater as well?
I have a 2200 sf 4/2 house and my last SDGE bill was $56. It’s been as high as $88 in the winter. I don’t have a pool but I have a sprinkler system. Don’t think that uses too much elec.
That said, I have seen these installed on a few homes. At $29K, I figure it will take you about 12 years to break even, assuming a $200 mo. energy savings from it ([29,000/200] /12). This is a rough est. which assumes your bills REALLY WILL go up to $400 without the solar panels installed. If you have overestimated this, it could take 14-18 yrs. to break even.
I don’t like the looks of these on the roof, but if you insist your pool be heated so you can use it year-round, it is probably the only way to go if you can afford to install them.
Participanttrojan4life, I think $160 mo. is high, too, esp. since you do not run A/C. I can’t see the pool pump costing more than $12-$20 month. Are you running a spa heater as well?
I have a 2200 sf 4/2 house and my last SDGE bill was $56. It’s been as high as $88 in the winter. I don’t have a pool but I have a sprinkler system. Don’t think that uses too much elec.
That said, I have seen these installed on a few homes. At $29K, I figure it will take you about 12 years to break even, assuming a $200 mo. energy savings from it ([29,000/200] /12). This is a rough est. which assumes your bills REALLY WILL go up to $400 without the solar panels installed. If you have overestimated this, it could take 14-18 yrs. to break even.
I don’t like the looks of these on the roof, but if you insist your pool be heated so you can use it year-round, it is probably the only way to go if you can afford to install them.
Participanttrojan4life, I think $160 mo. is high, too, esp. since you do not run A/C. I can’t see the pool pump costing more than $12-$20 month. Are you running a spa heater as well?
I have a 2200 sf 4/2 house and my last SDGE bill was $56. It’s been as high as $88 in the winter. I don’t have a pool but I have a sprinkler system. Don’t think that uses too much elec.
That said, I have seen these installed on a few homes. At $29K, I figure it will take you about 12 years to break even, assuming a $200 mo. energy savings from it ([29,000/200] /12). This is a rough est. which assumes your bills REALLY WILL go up to $400 without the solar panels installed. If you have overestimated this, it could take 14-18 yrs. to break even.
I don’t like the looks of these on the roof, but if you insist your pool be heated so you can use it year-round, it is probably the only way to go if you can afford to install them.
Participanttrojan4life, I think $160 mo. is high, too, esp. since you do not run A/C. I can’t see the pool pump costing more than $12-$20 month. Are you running a spa heater as well?
I have a 2200 sf 4/2 house and my last SDGE bill was $56. It’s been as high as $88 in the winter. I don’t have a pool but I have a sprinkler system. Don’t think that uses too much elec.
That said, I have seen these installed on a few homes. At $29K, I figure it will take you about 12 years to break even, assuming a $200 mo. energy savings from it ([29,000/200] /12). This is a rough est. which assumes your bills REALLY WILL go up to $400 without the solar panels installed. If you have overestimated this, it could take 14-18 yrs. to break even.
I don’t like the looks of these on the roof, but if you insist your pool be heated so you can use it year-round, it is probably the only way to go if you can afford to install them.
Participant[quote=AN]I didn’t bust out the tape measure, so I don’t know exactly, but it looks like 12-16 feet between houses. Maybe 20′? I assume the 1 acre lot in Sky Ranch probably have usable space of 1/4-1/2 acre. These house are wide, so you can’t really compare with many tract homes. Like I said before, the spacing and house foot print feels like Stonebridge, but a little narrower. It’s roughly 25-50% wider than your typical tract house. That’s why the lot is big, yet there’s not an abundant yard space. The lot is big enough to fit a 3500 sq-ft single story yet still have plenty of back yard and side sitting area (back yard is probably 15-20′ deep?).
Since you’re familiar w/ Bonita, here’s a good frame of reference: http://www.sdlookup.com/MLS-100012274-529_Country_Vistas_Ln_Bonita_CA_91902. The house is probably as wide as this one, but the back yard is probably 1/2 as deep. If you look at houses in this Bonita development, I think it’s probably similar to the house size and lot size and spacing of Sky Ranch.[/quote]
AN, the link you provided is located in “McMillin’s Rialto” tract, the newest (1989-1991) and ONLY tract in Bonita with MR. These lots are a minimum of 100 feet wide. This particular lot is a “premium lot” with private concreted RV access from the back of the lot out onto Crestview. It has an uphill “bank” in back of about 12′ to Bonita Long Cyn (walking and horse trails.) This takes up about 1200 sf. of the 2/3 AC lot with iceplant and block wall. I have been to several backyard parties on this street and I can tell you that the backyards ALONE are from 60 – 110 feet deep.
My backyard is 35 feet deep on my little “city lot.”
I don’t believe the SkyRanch footprint is as big as the footprint in the two one-story Rialto models. I did not see any one-story models in the Sky Ranch pics but maybe I didn’t look thru all of them.
Weren’t the Sky Ranch plans more than 3000 sf but actually all two-stories? If so, the *true lot* they are built on (minus the steep “rattlesnake” slope) is 1/4 AC (10,890 sf) to 1/2 AC (21,780 sf). Being generous and allocating 2000 sf to their “footprint,” I would estimate them to be about 12-22 ft. apart.
Participant[quote=AN]I didn’t bust out the tape measure, so I don’t know exactly, but it looks like 12-16 feet between houses. Maybe 20′? I assume the 1 acre lot in Sky Ranch probably have usable space of 1/4-1/2 acre. These house are wide, so you can’t really compare with many tract homes. Like I said before, the spacing and house foot print feels like Stonebridge, but a little narrower. It’s roughly 25-50% wider than your typical tract house. That’s why the lot is big, yet there’s not an abundant yard space. The lot is big enough to fit a 3500 sq-ft single story yet still have plenty of back yard and side sitting area (back yard is probably 15-20′ deep?).
Since you’re familiar w/ Bonita, here’s a good frame of reference: http://www.sdlookup.com/MLS-100012274-529_Country_Vistas_Ln_Bonita_CA_91902. The house is probably as wide as this one, but the back yard is probably 1/2 as deep. If you look at houses in this Bonita development, I think it’s probably similar to the house size and lot size and spacing of Sky Ranch.[/quote]
AN, the link you provided is located in “McMillin’s Rialto” tract, the newest (1989-1991) and ONLY tract in Bonita with MR. These lots are a minimum of 100 feet wide. This particular lot is a “premium lot” with private concreted RV access from the back of the lot out onto Crestview. It has an uphill “bank” in back of about 12′ to Bonita Long Cyn (walking and horse trails.) This takes up about 1200 sf. of the 2/3 AC lot with iceplant and block wall. I have been to several backyard parties on this street and I can tell you that the backyards ALONE are from 60 – 110 feet deep.
My backyard is 35 feet deep on my little “city lot.”
I don’t believe the SkyRanch footprint is as big as the footprint in the two one-story Rialto models. I did not see any one-story models in the Sky Ranch pics but maybe I didn’t look thru all of them.
Weren’t the Sky Ranch plans more than 3000 sf but actually all two-stories? If so, the *true lot* they are built on (minus the steep “rattlesnake” slope) is 1/4 AC (10,890 sf) to 1/2 AC (21,780 sf). Being generous and allocating 2000 sf to their “footprint,” I would estimate them to be about 12-22 ft. apart.
Participant[quote=AN]I didn’t bust out the tape measure, so I don’t know exactly, but it looks like 12-16 feet between houses. Maybe 20′? I assume the 1 acre lot in Sky Ranch probably have usable space of 1/4-1/2 acre. These house are wide, so you can’t really compare with many tract homes. Like I said before, the spacing and house foot print feels like Stonebridge, but a little narrower. It’s roughly 25-50% wider than your typical tract house. That’s why the lot is big, yet there’s not an abundant yard space. The lot is big enough to fit a 3500 sq-ft single story yet still have plenty of back yard and side sitting area (back yard is probably 15-20′ deep?).
Since you’re familiar w/ Bonita, here’s a good frame of reference: http://www.sdlookup.com/MLS-100012274-529_Country_Vistas_Ln_Bonita_CA_91902. The house is probably as wide as this one, but the back yard is probably 1/2 as deep. If you look at houses in this Bonita development, I think it’s probably similar to the house size and lot size and spacing of Sky Ranch.[/quote]
AN, the link you provided is located in “McMillin’s Rialto” tract, the newest (1989-1991) and ONLY tract in Bonita with MR. These lots are a minimum of 100 feet wide. This particular lot is a “premium lot” with private concreted RV access from the back of the lot out onto Crestview. It has an uphill “bank” in back of about 12′ to Bonita Long Cyn (walking and horse trails.) This takes up about 1200 sf. of the 2/3 AC lot with iceplant and block wall. I have been to several backyard parties on this street and I can tell you that the backyards ALONE are from 60 – 110 feet deep.
My backyard is 35 feet deep on my little “city lot.”
I don’t believe the SkyRanch footprint is as big as the footprint in the two one-story Rialto models. I did not see any one-story models in the Sky Ranch pics but maybe I didn’t look thru all of them.
Weren’t the Sky Ranch plans more than 3000 sf but actually all two-stories? If so, the *true lot* they are built on (minus the steep “rattlesnake” slope) is 1/4 AC (10,890 sf) to 1/2 AC (21,780 sf). Being generous and allocating 2000 sf to their “footprint,” I would estimate them to be about 12-22 ft. apart.
Participant[quote=AN]I didn’t bust out the tape measure, so I don’t know exactly, but it looks like 12-16 feet between houses. Maybe 20′? I assume the 1 acre lot in Sky Ranch probably have usable space of 1/4-1/2 acre. These house are wide, so you can’t really compare with many tract homes. Like I said before, the spacing and house foot print feels like Stonebridge, but a little narrower. It’s roughly 25-50% wider than your typical tract house. That’s why the lot is big, yet there’s not an abundant yard space. The lot is big enough to fit a 3500 sq-ft single story yet still have plenty of back yard and side sitting area (back yard is probably 15-20′ deep?).
Since you’re familiar w/ Bonita, here’s a good frame of reference: http://www.sdlookup.com/MLS-100012274-529_Country_Vistas_Ln_Bonita_CA_91902. The house is probably as wide as this one, but the back yard is probably 1/2 as deep. If you look at houses in this Bonita development, I think it’s probably similar to the house size and lot size and spacing of Sky Ranch.[/quote]
AN, the link you provided is located in “McMillin’s Rialto” tract, the newest (1989-1991) and ONLY tract in Bonita with MR. These lots are a minimum of 100 feet wide. This particular lot is a “premium lot” with private concreted RV access from the back of the lot out onto Crestview. It has an uphill “bank” in back of about 12′ to Bonita Long Cyn (walking and horse trails.) This takes up about 1200 sf. of the 2/3 AC lot with iceplant and block wall. I have been to several backyard parties on this street and I can tell you that the backyards ALONE are from 60 – 110 feet deep.
My backyard is 35 feet deep on my little “city lot.”
I don’t believe the SkyRanch footprint is as big as the footprint in the two one-story Rialto models. I did not see any one-story models in the Sky Ranch pics but maybe I didn’t look thru all of them.
Weren’t the Sky Ranch plans more than 3000 sf but actually all two-stories? If so, the *true lot* they are built on (minus the steep “rattlesnake” slope) is 1/4 AC (10,890 sf) to 1/2 AC (21,780 sf). Being generous and allocating 2000 sf to their “footprint,” I would estimate them to be about 12-22 ft. apart.
Participant[quote=AN]I didn’t bust out the tape measure, so I don’t know exactly, but it looks like 12-16 feet between houses. Maybe 20′? I assume the 1 acre lot in Sky Ranch probably have usable space of 1/4-1/2 acre. These house are wide, so you can’t really compare with many tract homes. Like I said before, the spacing and house foot print feels like Stonebridge, but a little narrower. It’s roughly 25-50% wider than your typical tract house. That’s why the lot is big, yet there’s not an abundant yard space. The lot is big enough to fit a 3500 sq-ft single story yet still have plenty of back yard and side sitting area (back yard is probably 15-20′ deep?).
Since you’re familiar w/ Bonita, here’s a good frame of reference: http://www.sdlookup.com/MLS-100012274-529_Country_Vistas_Ln_Bonita_CA_91902. The house is probably as wide as this one, but the back yard is probably 1/2 as deep. If you look at houses in this Bonita development, I think it’s probably similar to the house size and lot size and spacing of Sky Ranch.[/quote]
AN, the link you provided is located in “McMillin’s Rialto” tract, the newest (1989-1991) and ONLY tract in Bonita with MR. These lots are a minimum of 100 feet wide. This particular lot is a “premium lot” with private concreted RV access from the back of the lot out onto Crestview. It has an uphill “bank” in back of about 12′ to Bonita Long Cyn (walking and horse trails.) This takes up about 1200 sf. of the 2/3 AC lot with iceplant and block wall. I have been to several backyard parties on this street and I can tell you that the backyards ALONE are from 60 – 110 feet deep.
My backyard is 35 feet deep on my little “city lot.”
I don’t believe the SkyRanch footprint is as big as the footprint in the two one-story Rialto models. I did not see any one-story models in the Sky Ranch pics but maybe I didn’t look thru all of them.
Weren’t the Sky Ranch plans more than 3000 sf but actually all two-stories? If so, the *true lot* they are built on (minus the steep “rattlesnake” slope) is 1/4 AC (10,890 sf) to 1/2 AC (21,780 sf). Being generous and allocating 2000 sf to their “footprint,” I would estimate them to be about 12-22 ft. apart.
ParticipantMaybe a Pigg in the lending biz would know more but from what I know, they can be six points or more up front. There is a cap on the loan and some RE commission also built into the contract for the lender to unload them upon move out to relative/board and care or death. The cap is set lower than the lender thinks it’s worth at the time of making the loan so they will have $$ to unload it. Any remainder would go to the heirs.
It’s like an expensive open HELOC, whereby if your mom could just document some kind of “income,” she might be able to take out a modest HELOC for free (lender typically pays costs for a HELOC).
toots, can you or any of your siblings take turns going back there to perform repairs?? Perhaps you mom can pay for some inexpensive mat’ls or you all can split this cost. (She doesn’t *need* granite and Pella windows at this late date.)
If most of the work is just lumber, shingles, etc. and elbow grease, I would go back and help clean out and fix things for awhile or at least supervise a handyman or “Got Junk” crew if my mother was 80 (mine lived to be 59). This will preserve you and your sibling(s) inheritance. Otherwise, the reverse mortgage $$ may be squandered on unscrupulous “contractors” if your mom is not closely supervised.
If your mom is able to qualify for a “free” HELOC of say, $5-$25K (for mat’ls), either you or another sibling must set it up so that this lender is paid at least the miminum payment by the due date EVERY MONTH. Otherwise you could be “asleep at the switch” living in another state and an NOD/NOS (or whatever they call it back there) will be posted on the door and your mom may not even know what it is.
IMHO, the best thing to do in this case is get with your siblings and eyeball the mat’ls/repairs needed and see if you can pool some $$ together to make this happen. And then sit down with your mom and tell her what you are doing and make sure she has a will and/or trust that has been reviewed by a lawyer and gives you each a copy. She is “80,” after all.
In your case, I think I would veto a reverse mtg. if it’s just for repairs and she doesn’t need the $$ to live off of.
ParticipantMaybe a Pigg in the lending biz would know more but from what I know, they can be six points or more up front. There is a cap on the loan and some RE commission also built into the contract for the lender to unload them upon move out to relative/board and care or death. The cap is set lower than the lender thinks it’s worth at the time of making the loan so they will have $$ to unload it. Any remainder would go to the heirs.
It’s like an expensive open HELOC, whereby if your mom could just document some kind of “income,” she might be able to take out a modest HELOC for free (lender typically pays costs for a HELOC).
toots, can you or any of your siblings take turns going back there to perform repairs?? Perhaps you mom can pay for some inexpensive mat’ls or you all can split this cost. (She doesn’t *need* granite and Pella windows at this late date.)
If most of the work is just lumber, shingles, etc. and elbow grease, I would go back and help clean out and fix things for awhile or at least supervise a handyman or “Got Junk” crew if my mother was 80 (mine lived to be 59). This will preserve you and your sibling(s) inheritance. Otherwise, the reverse mortgage $$ may be squandered on unscrupulous “contractors” if your mom is not closely supervised.
If your mom is able to qualify for a “free” HELOC of say, $5-$25K (for mat’ls), either you or another sibling must set it up so that this lender is paid at least the miminum payment by the due date EVERY MONTH. Otherwise you could be “asleep at the switch” living in another state and an NOD/NOS (or whatever they call it back there) will be posted on the door and your mom may not even know what it is.
IMHO, the best thing to do in this case is get with your siblings and eyeball the mat’ls/repairs needed and see if you can pool some $$ together to make this happen. And then sit down with your mom and tell her what you are doing and make sure she has a will and/or trust that has been reviewed by a lawyer and gives you each a copy. She is “80,” after all.
In your case, I think I would veto a reverse mtg. if it’s just for repairs and she doesn’t need the $$ to live off of.
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