Need Advice!What would u choose?

[northgirl]

I feel like I am between a rock and a hard place. I currently live in a small place on 1acre. I could settle for that except I have the main highway 50feet away and now they are going to widen my rural road so rigs and more people will be going by.i am so frustrated because the options are this:
1.Move farther and have a mortgage on a 200 thousand homestead(makes things tight money wise)
2. Build a big fence where i am, i only owe 35 thousand here
We truly want to get away but is that much debt reasonable or even logical?
P.S I have been in this place 6years and it has gotten busier and noisier each year

[AngieM2]

Can you find a gas station that needs a place to build and sell it to them for a huge amount and go find your dream, away location?

When they move the city out to get you, it just ruins a good thing.

Angie

[gimpy]

Angie has a good thought. If it's busy then it may become more expensive as a commercial lot

[Tricky Grama]

I'd move.

Patty

[fantasymaker]

Isnt the place you are in worth something? say its worth $80,000 and you owe $35,000 on it if you buy a $80,000 place when you move you still owe only $35,000 like you do now.
If you are on a busy road and want something more rual you should be able to get MORE for the same money.
Or are we missing something in the $200,000 comment?

of course once again we dont have a clue as to where you are.

[northgirl]

Well...I can possibly make 30 grand on this place but some of that would pay off excess bills.
As for the can I get more...yes it would definitely be more land but probably not a better house.
I live in Northern BC and the area I am in has boomed in the last five years so people are moving here in hordes for the work. Also the work is in oil and gas so that makes it harder to find a place that does not have a gas line running through it.
Long story short is I am living uncomfortably but am not sure if moving to a more rural place for a large amount of money is the right thing to do.

[Jerngen]

Build a large earthen berm & put a fence on top of that.

Stay until you have the house paid off and your other bills paid down.

Then sell and move to your dream location.

Oh yeah, plant as many fast growing evergreens as you can between you and the road

[Jim S.]

I am a real big "save your money" guy. Traffic in front of my place has increased a lot, etc., in 17 years, but I am not about to sell it now, as I owe so very little on the back acreage now and will pay it off in 18 months.

My recommendation is to build your equity. As you get closer to payoff, you can use that equity to swing a loan on another place, and rent yours out for income. You could do that now, but your income would not be suficiently higher than your payments. If you wait awhile, you could use the income from your rental to help pay off your new place. Or sell it later at an appreciated value over what it is now.

A fence will mitigate the road. We built a 3-rail wood fence, and it was amazing how much it mitigated the road.

Don't forget, wherever you move to (unless it is in the outback), growth will come there, too, eventually. Change is constant. The one thing about pesky growth in my area is that it has raised the value of my place, both as a whole and as a potential subdivision.

[fishhead]

I planted trees (white spruce) between my house and the road. It has really helped with the road noise.

[fantasymaker]

If you can make $30,000 does that mean you could sell for $65,000 ?
Then why couldn't you move to another place for the same $65,000 ? Somethings just not right about this. You should be able to go from one place to another equivalent place with little loss . Actually It would seem that with all those people moving in your place would be much more valuable than a more rural place a bit farther from the center of the boom so you should actually gain in as nice a place and bigger.
If I could work it like that Id do it in a heartbeat! What Id look for is a place I liked that I could swap for.