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plans for the upstate house
Jan. 13th, 2012 04:30 pmMike and I went to Negaunee on Tuesday last, and came back last night. We got quite a bit done but it always seems like not enough. Dad is still working on the rewiring. He has the bathrooms mostly done. We hired Geriann's son-in-law to clean out the basement, and he's doing an excellent job.
While the house is empty, I'm paying the mortgage and my folks are paying the utilities. Dad is buying most of the materials, like the wiring and the stuff for the bathrooms. Most of the stuff he's getting, like the bathroom vanity and toilet, are from the Habitat Re-sale shop, but it's in good, solid condition.
I'm buying the windows. The house needs 17 windows replaced, and they'll cost about $200/ea. I'm getting custom vinyl replacement windows that we saw at Menards. The installation is simple, and the windows should last, well, ten or fifteen years, anyways.
I figure that it's going to take Dad until June to get the stuff done that he wants to get done before everyone moves in. In the five moths before Carl, Crystallyn, Seth, Jareth, Sam, Kayla and Torrin move in, I want to buy a window each month. After they move in and start paying the mortgage, I'll buy two windows per month for the next six months. And that should do it.
After that, we have one year to save up for the downpayment to buy the place from my parents. They're asking $70,000 -- and I figure that we'll need at least 20% down. But split three ways, that's only about $5000 each. Not too bad.
Now let's see how it goes.
While the house is empty, I'm paying the mortgage and my folks are paying the utilities. Dad is buying most of the materials, like the wiring and the stuff for the bathrooms. Most of the stuff he's getting, like the bathroom vanity and toilet, are from the Habitat Re-sale shop, but it's in good, solid condition.
I'm buying the windows. The house needs 17 windows replaced, and they'll cost about $200/ea. I'm getting custom vinyl replacement windows that we saw at Menards. The installation is simple, and the windows should last, well, ten or fifteen years, anyways.
I figure that it's going to take Dad until June to get the stuff done that he wants to get done before everyone moves in. In the five moths before Carl, Crystallyn, Seth, Jareth, Sam, Kayla and Torrin move in, I want to buy a window each month. After they move in and start paying the mortgage, I'll buy two windows per month for the next six months. And that should do it.
After that, we have one year to save up for the downpayment to buy the place from my parents. They're asking $70,000 -- and I figure that we'll need at least 20% down. But split three ways, that's only about $5000 each. Not too bad.
Now let's see how it goes.
