Financial Planning – Tenir Bon House

Cat’s In the Cradle

In the post “Where we began”, we shared that our main goal is to create a legacy home, a place we can retire but also a gathering place for our families for years to come. While the “home” part is further away, the gathering place doesn’t have to be. On a couple of occasions,Continue reading “Cat’s In the Cradle “

“525600 Minutes”

One year ago we purchased TenirBon. It’s been an exciting personal learning journey as we’ve navigated the start of this adventure. Looking back, we’d like to share our most read and liked posts and photos over the past 365 days. Enjoy, subscribe, and continue on with us on our journey into our second year. https://tenirbonhouse.com/2022/02/06/the-perc-of-the-property/Continue reading ““525600 Minutes””

Posted

Raw land that has been abandoned for sometime comes with the challenges of trying to “control” access to a vacant property; and until we begin living at TenirBon more permanently, we actually have little control and recourse for such a large and remote parcel. However, there are a few significant steps that we made toContinue reading “Posted”

The Perc of the Property

Part 2: Walking with Jack Jack, a geological engineer before retiring, came through for us again, and nearly 80 years young, he met us at the property and walked the land to help determine soil depth and potential building sites based on his experience doing the same for NYS. Armed with a soil coring toolContinue reading “The Perc of the Property”

“Jack” Pot

Our realtor and lawyer recommended a few local surveyors and perc testing companies; but even with leads in hand, this next step proved more difficult and time consuming than anticipated. The few vendors that actually answered our calls informed us that the sheer volume of home and land purchases during the year had outpaced allContinue reading ““Jack” Pot”

Not Your Average Conditions

What IS a contingency: condition(s) that either the buyer or seller (or both) must meet for the sale to go through. Expanding on the deliberation of our offer details in the previous blog, we must not forget to review the contingencies we asked the sellers to meet before closing. Why? Well, to put in perspective,Continue reading “Not Your Average Conditions”

The Future is Financed?

Raw land purchases are usually a ‘cash is king’ proposition and we were prepared, to an extent, because of savings and “Crunching the Numbers”. However, before parting ways with a large amount of savings, we had other concerns to mull over. One obvious factor was the land was more than twice the size of whatContinue reading “The Future is Financed?”

Crunching the Numbers

I was grounded, not in the no TV no hanging with my friends type of grounding, but grounded back to the reality of needing to make sound decisions (with real information) as a family about our future. Since the beginning, my wife has encouraged financial stability and health, not because we were good at it,Continue reading “Crunching the Numbers”