Well, the towel has been thrown in and we have decided to go allllll the way to the drawing board and start over. We started out only needing around $50-80k in repairs, but by the time the bank was done adding their projects that “would make the house appraise for more” and making us hire a general contractor, our bottom line total of borrowing $178k was just waaaaaaaaaay more than what we wanted to spend. So, we are pulling it all back and deciding to go with Plan A, which was, do the work ourself!
We will have to get creative on finding someone to help with the roof work (we have a LARGE roof), but the other things are just maintenance issues that we can take care of ourself. I almost feel relieved to be going back to Plan A. I trust in myself more than I do the general contractor and the bank. We also were not thrilled to add all of the things the bank wanted to add, just to make our house supposedly worth more. As you can tell from our previous blog, you can see how well their theory held.
So, we are dusting off the power tools and mourning the six months lost on filling out paperwork and getting the house appraised. We could have already gutted and redone the kitchen or bathroom by now!!! Or at least sanded and repainted a porch ballister or two 🙂 It was nice for a while to think that we could have all of the work done at once instead of laboring over it for the next ten years, but in all honesty, I think we will be more satisfied and proud to come home and see the transformation and know that we had a hand in it. So, three cheers for doing the old fashioned [hard] way!
First, we are going to gut the horrendous sheetrock and drop in ceiling job that some misguided PO attempted and try to frame up an extra bedroom, bathroom and recreation room. Even though I hate that our first project is to finish space that we don’t need yet. I mean, we have 4 bedrooms downstairs already!! But, in order to gut the bathroom downstairs, we have to create a bathroom upstairs. In our 4000 sq ft house, we only have one bathroom. YES, I said ONE bathroom! So, new bathroom upstairs first, along with the extras, then we can gut the ugly bathroom downstairs. As a woman, I would like to scrape and paint the exterior of the house first, that would be a super improvement to the face of the house, but, in the Louisiana sun, instant gratification falls second on the list to keeping cool and avoiding heat stroke! So, the upstairs it is.