Thanks, yeah I think their appetite and experience with risk is very different from mine. It’s very much like the culture I’m from and many of my extended family are like that. Nothing’s ever officially done, everyone knows a guy who knows a guy.
But tbh for an asset that has huge safety implications, I think it has a huge impact on resale value to not document regular servicing. I might trust my cousins, but how could I expect a total stranger to if my cousins can’t put their name on it? Especially as you can’t make up for missed services later…
Anyway, I definitely feel more at ease with my decision. I do want to live frugally but I’d like to be smart and realistic about where to save the money.
Thanks, yeah I think their appetite and experience with risk is very different from mine. It’s very much like the culture I’m from and many of my extended family are like that. Nothing’s ever officially done, everyone knows a guy who knows a guy.
But tbh for an asset that has huge safety implications, I think it has a huge impact on resale value to not document regular servicing. I might trust my cousins, but how could I expect a total stranger to if my cousins can’t put their name on it? Especially as you can’t make up for missed services later…
Anyway, I definitely feel more at ease with my decision. I do want to live frugally but I’d like to be smart and realistic about where to save the money.