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Home Addition Update

October 24th, 2016 at 01:06 pm

We got all the goat's drawn for testing yesterday, now just have to pack and ship. I'm glad that job is over and done with. I'm trying to sell a goat to try and help pay for the cost. Which is around $400.

At a recommendation I called another construction company. They came out and looked the very next day, and then gave me an estimate the following day. I was shocked. I am so used to getting the run around for months and never hearing anything back. So now we are just deciding if we are really ready to do this. Our mortgage/taxes/insurance will go up about $300 a month. Whew. Which is still within most people's mortgages, but we've been used to paying such a small amount it's going to be hard to stomach. So we need to revisit our budget, and think hard about it.

If we are okay, then the bank needs to come out and give our house an appraisal, and after that clears we will be able to get started on building. I am so excited and also nervous. I hope we are not making a huge mistake. We will be more than doubling our home debt. Which sounds scary.

7 Responses to “Home Addition Update”

  1. snafu Says:

    I wonder if it would help to write a long term [5 yr] plan to help prioritize what you both want and what it would take to make it happen. Increasing payments substantially requires a plan to increase income. What are all the wishes?

    Backing up...When you made the decision to buy the property, what was the plan? What was the income? What were the priorities? What got done? What got added? What got dropped. What went a different direction?

    Wishing you the best of results.

  2. ceejay74 Says:

    Scary ... but tempting! We've only had the money to do about 10% of the improvements we want to on our home. Trying to save up the money before each one, but it feels agonizingly slow to do so.

  3. klarose Says:

    Snafu we both want this. When we bought the property, we bought it full well planning on doing this addition. It's always been the plan. The house did not meet all our wants/needs and we bought it way cheap knowing that there would be substantial work to make it how we wanted it.

    It's just that we have gotten used to making the much smaller than normal payments, and after 4 years it is going to be hard to adjust. Although I don't think we will regret doing the addition, we are both super excited about it.

  4. Carol Says:

    I think you will love the addition. Sometimes you have to spend the money. Remember how nice the new furnace is.(Just trying to encourage you--sometimes I am loathe to spend the money and then kick myself for waiting so long.)

  5. klarose Says:

    That's true Carol. I love the new furnace, and it has saved us a lot of money. Nearly half the cost of it in one winter alone.

  6. Carol Says:

    Wow! That's some pay back!

  7. rob62521 Says:

    Since you live in the Midwest, any comments about the Cubs being goat busters coming from your customers?

    Your furnace sounds like a great deal.

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