I'm noticing the angle of the sun and the shadows as of now (peaked at 20 degrees during the summer, suspect it's near 30 degrees now), and there is quite a shadow being projected on the backyard by the trees. So, to implement solar, looks like I'd need to raise the panels some 20 feet or so off the ground for more continuous sun exposure.
I was getting concerned about the implications about this long shadow in my backyard... might be difficult growing vegetables during the non-summer months.
The other possible place to put the panels is in the front where there's a 60 foot gap with the large trees on the opposite side of the road. But that does end up broadcasting to the world "STEAL ME!", lol.
Anyway, in terms of projects, looks like solar has a place for energy expenditures for living, but not for the high energy needs of industry, so I could reasonably get something in after the more important projects like...
1) Bedroom [$750]
2) Fence to around the bedroom [$150]
3) Grid underneath the sod and bunny around the bedroom. [$150] [This might be impractical since it's shady; grass doesn't grow well in the shade?]
4) Dog, chickens [$200]
6) Lap pool [$1000]
7) Solar with support structures to raise off the ground [$500]
At the current pace, looks like I could probably afford it all after Christmas.
So far, about $1000 has been put into property improvements. I think I would actually want to put as much of my savings into [high ROI] property improvements as possible as a longterm wealth building strategy. Much of my other dollars has gone into equipment this year, I'd estimate $2000. Equipment tends to be a low ROI investment, so it's not really a solid wealth building strategy, just something necessary to get the job done.
The issue of house maintenance costs does put into perspective the time pressure for resale. I'm thinking a property I intended on building and selling would be best to sell within 5 years of the majority of new construction, to minimize the maintenance cost burden.
This particular property I don't think I'd intend for major longterm investment, I'd likely have higher ROIs in better areas with more widespread market appeal. And the lack of electric available is a major hit in terms of marketability / return on investment. [Would I see a profitable ROI after wiring electricity here? Possibly not. Example, $5000 to wire it up, increases property value by $1500.]
In my situation, property improvements (And land appreciation) seem analogous to increases in equity and appreciation in classical mortgages. It's just that, in my situation, with similar income levels, I have far more potential than someone of similar age to increase that since I don't have mortgage interest and other mortgage related "fees" and mandatory financial costs (such as full coverage insurance) sapping my income.
But, as stated, I think my property improvement dollars would be better invested in more marketable properties. So, longterm, I think I'll be capping property improvement dollars to a reasonable minimum amount fitting for the area. So maybe something like a small cabin.
I was getting concerned about the implications about this long shadow in my backyard... might be difficult growing vegetables during the non-summer months.
The other possible place to put the panels is in the front where there's a 60 foot gap with the large trees on the opposite side of the road. But that does end up broadcasting to the world "STEAL ME!", lol.
Anyway, in terms of projects, looks like solar has a place for energy expenditures for living, but not for the high energy needs of industry, so I could reasonably get something in after the more important projects like...
1) Bedroom [$750]
2) Fence to around the bedroom [$150]
3) Grid underneath the sod and bunny around the bedroom. [$150] [This might be impractical since it's shady; grass doesn't grow well in the shade?]
4) Dog, chickens [$200]
6) Lap pool [$1000]
7) Solar with support structures to raise off the ground [$500]
At the current pace, looks like I could probably afford it all after Christmas.
So far, about $1000 has been put into property improvements. I think I would actually want to put as much of my savings into [high ROI] property improvements as possible as a longterm wealth building strategy. Much of my other dollars has gone into equipment this year, I'd estimate $2000. Equipment tends to be a low ROI investment, so it's not really a solid wealth building strategy, just something necessary to get the job done.
The issue of house maintenance costs does put into perspective the time pressure for resale. I'm thinking a property I intended on building and selling would be best to sell within 5 years of the majority of new construction, to minimize the maintenance cost burden.
This particular property I don't think I'd intend for major longterm investment, I'd likely have higher ROIs in better areas with more widespread market appeal. And the lack of electric available is a major hit in terms of marketability / return on investment. [Would I see a profitable ROI after wiring electricity here? Possibly not. Example, $5000 to wire it up, increases property value by $1500.]
In my situation, property improvements (And land appreciation) seem analogous to increases in equity and appreciation in classical mortgages. It's just that, in my situation, with similar income levels, I have far more potential than someone of similar age to increase that since I don't have mortgage interest and other mortgage related "fees" and mandatory financial costs (such as full coverage insurance) sapping my income.
But, as stated, I think my property improvement dollars would be better invested in more marketable properties. So, longterm, I think I'll be capping property improvement dollars to a reasonable minimum amount fitting for the area. So maybe something like a small cabin.