As many of you know, my husband and I bought a renovation property at the very early part of December. It was a long, complicated process. The property is on deeded land, with two buildings, one of which was never finished..the other never received its certificate of occupancy. So, what's the story?
I meant to create a blog specifically dedicated to the renovation but the truth is, it's just not going to happen, so instead, I'll post updates here!
This all started last April 2014 when my husband's brother started talking about moving back to Delaware. My husband started looking at properties in the area and scouting them out for his brother's family. During the process, he started teasing his dad that since he and his brother would live so close, it would only make sense for his parents to move to the area too. Gentle recruiting. Since Zillow is the worlds easiest way ever to get sucked into looking at real estate for hours...my husband had now found a new hobby, shopping for other people.
Sure enough he came across this adorable 1 bedroom cottage:
And then, there was a picture of this in the same listing.
Our interest was peaked so we decided to go have a look. It was a whim...and outing. I never in a million years could have imagined what that whim would evolve into. We met with the realtor and she told us there was already an offer on it but the financing was not working out.
Fast forward a few weeks and we get a phone call that the offer fell through and it was still available.
We started making phone calls. We called realtors, looked for comps, called appraisers, called banks, called contractors, and just about anyone else that might have a valuable opinion.
At the end of the day, it all made sense. There was no way we could afford this size house, in this part of Delaware for this price. We put in an offer.
The biggest hold up was waiting for the Certificate of Occupancy to be issued by the county. The bank had made the loan contingent on the Certificate so we wrote it into our offer. It took a lot longer than anticipated but finally came through the first week of December.
So now what?
We had to get the cottage ready ASAP in order for renters to move in. This was the only way we could stay in our current house and be able to handle the 2nd mortgage AND the renovation costs.
So that weekend we got to work. The work was minimal in the grand scheme of a renovation but it sure took a ton of man hours. We repaired and sanded all of the walls. That alone took an entire weekend. Then we painted every square inch of wall and trim. We had a family friend come balance the ceiling fans which took the greater part of an afternoon, we replaced the leaking fridge and old utility tub.
Three weekends later with both of our dads and family friends putting in some elbow grease and we were ready for renters.
We had over FOURTY different emails about renting the place. I was blown away. In fact, we still get inquiries even though the renters we chose moved in January 1!
So, here we are...just over a month later and the cottage is finished and rented!
The shower floor:
This is the view from the bedroom. Cottage Renovation Cottage Renovation Cottage Renovation McLeod Family October 2014 - Lindsey Mix Photography-46 McLeod Family October 2014 - Lindsey Mix Photography-47 McLeod Family October 2014 - Lindsey Mix Photography-43 McLeod Family October 2014 - Lindsey Mix Photography-44 McLeod Family October 2014 - Lindsey Mix Photography-2
So, where are we with the main house?
Well, we've been working with an Architect for a few weeks now. Working within the confines of the walls, keeping the windows in place has turned out to be pretty tricky.
I'll post more about that soon!