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Progress

July 9th, 2014 at 04:26 am

No progress on the mortgage side; I'll just get that out of the way. Still waiting for promissory note and 401(k) statement.

The contractors are trucking along at an amazing clip! The tile backsplash has been installed and grouted. The minor paint flaws have all been fixed. The shower has been regrouted and all the gross discoloration is completely gone, replaced by bright clean grout. The balcony closet door has been replaced.

The main guy thinks it can be mostly finished tomorrow! That would be stunning; he still has to replace the kitchen flooring, fix a hole in the kitchen wall, install bedroom closet doors, remove and replace the mirror and light fixture in the bathroom (and fix any damage that causes to the wall), grout all the rest of the bathroom tile, and replace the sink top.

I may have to take a reserve line loan to pay the second half of the contractor fees; we're down to $300 in the checking account until payday on Tuesday. I never expected them to finish before payday since everyone says renovations always take longer than expected! I'll be happy to pay a few bucks in reserve line fees in return for getting the renos finished so fast.

We're going at a good clip too, considering we're working around kids and full-time jobs. We've done two coats of paint in the grownup bedroom, moved all the kids' toys to their room, replaced a dimmer switch with a regular one, and decluttered/boxed up some more stuff.

What we still need to do:
- Paint kids' room
- Tape and paint kitchen
- Tape and paint bathroom
- Put handles on kitchen cabinets
- Replace toilet seat
- Install curtain rod and hang curtain in kids' room
- Clean all kitchen appliances thoroughly
- Move more stuff into storage
- Call the floor guy to schedule his part of the work
- Staging, and assessing whether we need any more staging elements (we're thinking nightstands in our bedroom, but we'll see) -- this includes adding protective runners to metal rocking chair, replacing brown couch cover with white, and adding art to walls and other finishing touches
- Get real estate pics taken
- Fill out paperwork to list our place

I can't tell if it's feasible to get it all done by Sunday afternoon. Part of me thinks it is, but I also realize it's a ton of work. And sometimes a single task will end up being dozens of little tasks.

Our realtor emailed to say that a couple of the really low-priced condos have been sold. That's good news because there aren't any crazy-low 2-bedroom units on the market right now. I checked out the "competition" after her email and I'm feeling pretty good. There's a 2-bedroom listed for a price we'd be happy with -- $154900, so about $3K more than we owe on our mortgage. The condo is decorated in gaudy greens and blues and has a strange tile floor. It's got a city skyline view unlike ours, but it's on the 11th floor vs. the 18th. I'm interested to see if/when it sells and for how much. I hope our neutral mostly gray palette and parquet flooring is more appealing to buyers. The only other 2-bedroom I could find currently listed is on the 2nd floor, with a view of a concrete wall. It's listed at $149900. Heck, that would only be losing a couple grand for us, and I feel we have more selling points. But again, it remains to be seen what they actually sell for. The 2nd-floor one has been on the market for months.

Hoping for mortgage news tomorrow and more successful renovation progress!

4 Responses to “Progress”

  1. Looking Forward Says:
    1404880270

    Your apt already sounds much nicer than the other two.. even with construction going on. Smile

  2. My English Castle Says:
    1404883313

    That would be amazing to have it done early. One of our MN friends just sold their condo very easily. They're just across the river by Surdyk's, and they're closing at the end of July. The market seems good?

  3. creditcardfree Says:
    1404910215

    Your contractor is doing great!! Amazing. If we were in the same town, I'd ask for his information. I bet your going to sell FAST with all those updates.

    I'm painting today in our bathroom since the weather is cooler.

  4. CB in the City Says:
    1404916095

    Those are good prices for two-bedroom condos. I think they cost more around here. I figure my one-bedroom is worth about $140,000.

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