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The good news is also bad news…

21 Aug

Addendum Note – I filed for Homestead and received it last year. If I hadn’t I would have been looking at a 24% increase if you work the numbers backwards. I didn’t buy this property to flip. But if you’re going to flip a property that’s why it absolutely has to sell within 10 months or you lost.

That’s how you become a victim of your own success. It has to move quickly. If the holding costs don’t get you the property tax will.

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The Palm Beach County Property Appraisers office released the increased values. As a county, property values went up about 4.7%.

My home’s value went up 14%. It went up far more than the county average. That’s the good news and the bad news. Yes, I know how to pick a property and I know what to do with it. This was a good investment of my money and my skills. I gutted the property when I bought it and redesigned it. The bad news is the tax bill obviously.

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I have been so go, go, go all week that this evening, I am going to relax a bit. I’m going to do a hot bath and soak in the salts, a little spa music, some beauty treatments, a little televisions, a little magazine reading, some herbal tea and a good night’s sleep.

My home is my sanctuary and the place where I relax and I love it.

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