Thursday, May 04, 2006

The plan

This is a rough outline of all the tasks we need to accomplish in the next 3 months, really for my benefit, since you really don't care, but since I can't think of anything else to blog about....

We are closing on the little, old house May 15th. The house was built in 1914 for the sugar factory workers. The house has since been remodeled (badly) several times, stripping the home of any original details. The house happens to be sitting on a beautiful lot, located in a transitional neighborhood that we love and we feel will aggressively grow in value.

The original plan was to sell our home, move into little, old house until we get our plans together to build. Unfortunately, there is a potential mold issue with the house and the inspector did not recommend us living there.

The little, old house
We have three options:
1) Tear it down. This is the option I like least as it does have a history and I would like to see it renovated and preserved.
2) Sell house and they can move it off our lot. We will consider this option, but only if we can get some money for it.
3) Buy a lot, move the little, old house and renovate it. Sell or rent. Obviously the most difficult and time consuming option, however this might be the most profitable.

Our house
Prepare house for sale. Sell and/or give away stuff we don't want to move. Rent a storage space. Sell or rent house.

New house
Find and hire an architect. Decide on plans. Decide on materials. Get construction loan. Find and hire and manage subs. Try not to get divorced. Build house. Try not to get divorced. Move into house and live happily ever after.

Depending on the timing of everything above, we may or may not have a place to live. I guess we will deal with that issue when we get to it.

3 comments:

Sara said...

You forgot:
"Move into parents' house. Try not to get divorced."

:)

Darkle said...

Wait, there is yet another option! House mysteriously burns to the ground. Collect insurance. I don't particularly recommend this one though. I do suspect that having driven though that neighborhood some have selected that option.

Lee said...

It will be alright on the night...