confessions of a real estate junkie, part I: the saga begins
March 10, 2008
Heh. If things are quiet for a while, you can rest assured it’s because something is happening behind the scenes.
Not content with doing up our own garden, and preparing to embark on a renovation of one of our units, SO and I have decided to buy another property. When I say ‘SO and I decided’, what I really mean is, ‘I spotted a bargain, went and saw it, extolled its virtues to SO and he agreed to us buying it’. This is essentially the same sequence of events that saw us buying two units last year.
Well, more specifics. It’s a renovator’s delight (surprise, surprise). It’s a two bedroom, one bathroom (with laundry included) in Glendalough. Other than that, really, pictures say a thousand words. One shot of the bathroom/laundry:
And, just for kicks, one of the toilet:
What more can I say? Well, how about ‘revolting’? However, this is the market we’re looking at. When we’re finished, of course, I anticipate it will look more like this:
Well, perhaps not exactly, but you get my drift.
We met with our lovely mortgage broker tonight, and he confirmed that we should have enough equity to go ahead with an offer. It really depends on how much our current three properties are valued at, so at this point all we can do is put in an offer and hope for the best. We have an appointment with the real estate agent later this week, so we’re just holding fire until then.
In other news, the garden edging is now two-thirds complete. SO was up until 11pm both Saturday and Sunday doing finishing off stuff (sorry, I’m not up on the technical side of garden edging terminology). I think he’ll be greatly relieved when it’s all over. I’ll be glad too. I’m all for flogging a dead horse, but I don’t want him to actually die. He’s not exactly used to hard physical labour, and I don’t want him to have a heart attack or a stroke. Hopefully a couple more days will see it finished. I’m crossing my fingers that those couple more days happen before the property valuer comes through.
March 11, 2008 at 5:26 pm
Rehabing a property can be hard work and when you are trying to finish one project to move onto another and are exhausted you have to love what your doing. Sounds like you enjoy what your doing and even a little hard work from time to time. Being able to do two things at once and not get crazy is a good thing and this is the part that many get crazy with. Sounds like you have found your niche.