Hey folks!
We are still beside ourselves with just how well our first flip went. We are hoping the second turns out just as well!! While the first one took about 2 1/2 years to complete, we envision the next one taking even longer. We have a little boy now and progress is slow.
It has been a while since I last wrote! A lot has happened in the meantime. The current house to flip is where we are residing, so projects/updates are fewer and farther between.
You can review the last post about our current house here.
I would like to give an overview of where we are headed with this one. Since I last wrote, we had big plans to renovate this house eventually--tripling the square footage of the home. This plan has been put on hold since there has been some community developments come up that we weren't aware of when we initially made the investment in the property. There are two water towers that have been approved for a nearby conscientious development with million dollar homes next door. The towers will be a stones-throw from our property (visible from our land). We have heard rumblings from developers (my dad is doing some architectural work about 5 miles down the road) nearby that say there is the possibility of re-zoning which would potentially enable us to sell our property without doing any major renovations at all. We are planning on sticking around through the coming community development changes (hopefully it won't take too long for things to pan out!!) to realize this potential doubling of our initial investments. This is not something we knew going into it, so here's hoping we are playing it smart!!
In the meanwhile, we are making "small", more cosmetic changes to the property that will improve our own quality of life living there. Generally speaking, we would like to finish most of the 1000 sf unfinished basement. Specifically, this includes an alteration of the basement stairs to make way for a bedroom and bathroom addition in the basement that makes sense. A rec room/livable space is in the works as well as sectioning out a good chunk of space for storage, tools and the like. These endeavors will permit us to live more comfortably in our 1000 sf home, with the thought that we would like to expand our family someday.
House project details to follow soon!
