We’ve got the new house and now the scary part begins! Why scary you ask? Well the house that we bought was for lack of a better term a frat house for old farts and they didn’t give a shit about the place and that would be putting it mildly. The house had 3 older men and one woman living in it along with 1 pug and a stray cat. The typical activity was smoking inside the house and drinking from what we were able to tell.
When we finally took possession of the house we decided to take a walk thru just to make sure that everything was left the way it should be. Upon opening the door the smell wafted out like a creature from the forgotten bogs, laced with fermented dog pee. Needless to say it was disgusting. But everything was intact and our project was about to start.
We bought the house because it was a good investment at the price, but it would need a lot of work and that work is now starting. We need to clean the place from top to bottom as a start then we have to completely gut the kitchen, bathroom, take out a wall and put in HVAC. That is to start with.
At this point you’re probably wondering if my wife and I have left the world of the sane and I am sure that in the next few weeks I will question that too. The good news is that the house will look awesome when everything is done and the property value should increase quite dramatically. Wish us luck!!
We bought a house!! Actually to get really technical we bought a house in serious need of renovations, almost a flip, staged and sold our current house and watched two months of time vanish into cleaning, banking, repairing, negotiating and many other things including keeping a 4 year old entertained!.
And that was the simplified version.
So time to give a bit more in the way of details, about two months back on a saturday morning my wife was scrolling through MLS just seeing what was in our neighbourhood. We were not looking to move or really invest in property at the time but we’ve been periodically keeping an eye on the market just in case.Most of the time this is just general curiosity.
But something caught her attention – a house, a little bigger than ours but detached with a much bigger lot very close to ours. Our attention was piqued, lets drive by and take a look we said to each other. The house looked like it had promise and the lot was amazing!
We called the listing agent in order to get a better a look at the house; we were the first people in to view the place and to put it mildly it was a complete shithole. There were 3 older gentleman living there who forgot that at 60-70 years old they weren’t in a frat house anymore.We really had to look beyond what the house looked like.
Underneath the grime, stains and stench was a house with some good bones! We were intrigued. After a bit of investigation we decided that this was a good investment and put in an offer only to discover that we were bidding against builders who were going to tear the place down and build a nice new construction home. The waiting and back and forth with our agent was emotionally exhausting.
At the end of the day we managed to get the house for a price we were comfortable with and in another week or so we take possession of the property with a 2 month overlap between the purchase of the new property and the sale of the old one. During this time the renovations will begin in order to make the place livable.
In retrospect the purchase was the really easy part – the hardest part out of the whole thing was getting our place ready for sale and sold. This isn’t the first house we’ve bought or sold and it won’t be our last but it was definitely a learning experience. I’ll be sharing more about specific items in the coming days/weeks; probably as a break from renovations or packing!