We seem to have started it all by remodeling or 1910 Portland Bungalow house back in 2006 before the downturn in the market. Our realtor suggested several things to increase the value of our home and we did nearly all of them. We made a tidy profit which we threw away by buying a weird yet often lovely piece of property on the South Coast.
I don’t know if we were the inspiration or not but the next person to do a likewise job was Johnny’s youngest daughter Shayla. She bought a house in Beaverton Oregon; bought it from her mother. It was built in the 80’s or thereabouts. I helped paint and saw much of the progression of the project, also missed many of the projects, over the course of 12 months? 16?
Their work was far more intensive than our cosmetic updates. Floors were taken up and joists replaced. Decks removed and replace entirely. Contractors ripping them off and screwing things up so bad they had to re-do it themselves. And many other projects going far beyond the cosmetic. They finally got done and ended up in the black about 20 G’s. Not really enough to stake the homestead she dreamed of. After some health problems, she finds herself back in the red.
Concurrently, our friend Chris bought a home over 100 years old, in southeast Portland, the Oregon City neighborhood.
We were just by his house yesterday and I really hope he couldn’t see how crazy I thought his whole remodeling project is. After 3 years and countless lessons in electrical and sheet rock, raising ceilings, redoing stairs 3 times, completely replacing plumbing….on and on, I can’t help but wonder if it will be worth what he expects.
He actually voiced concerns he had made a big mistake. He has bought a shuttle bus to remodel into an RV for a place to live once he can get out from under that trap. This, I’m sorry to say, just seems like an extension of his craziness. Why get something to remodel after the hell he has been through?
Coming around full circle, our abode for the last 12 years is situated on the North side of a hill, overlooking a lovely valley with ever changing moods. In the summer, there is no finer place you could be, but this time of year, I get ready to say goodbye to the sun ever hitting where our home sits.
If our winters are properly rainy, it’s not so bad, but the climate has been changing and there have been a number of sunny winters where it is obvious I sit in a shadow looking out at the sunny world. We will have to hope it sells in the summer, to folks who don’t think about the compass points, who don’t mind that the shop is 120 feet down the hill, the only really good place to grow food. I sometimes wonder if we will be able to get enough out of this property to finance the next stage of our lives, but we recently paid it off in full.
But now, we have an opportunity to buy the 3 useless acres up the hill from us. There is a very small stand of timber, and it is conceivable this could be a draw to a potential buyer, before he realizes it will be practically impossible to harvest at a profit. But if someone else buys it and decides to go for it, it could really wreck our weather and be a blight on our view….if it were to even ever happen. Pretty much, I feel this would be throwing good money after bad.
And so it goes….