A Real Life Fixer Upper

Hi guys!

So a few months ago, I told you all that we finally closed on our first home. It was the longest, most emotional roller coast ride of our lives for 6 long months. When we first saw the home, I was like ehhh. It was old and dingy and dirty. It was no where near move in ready and I wasn't sure I wanted to commit to a complete remodel even though it has always been a dream of mine. I was scared and nervous and couldn't see what it could be, only what it was. After thinking about it for a few days, we decided that for the amount of land, almost half an acre and the price and taxes it made total sense. If you don't know, we live in Northern New Jersey where houses are ridiculously priced, so our first investment had to be a fixer upper no doubt. So we put an offer in and they accepted! Easy right?! Think again, you'll see what I'm talking about it a second.

Right away, we went to the drawing board, we kind of had an advantage because my dad is a contractor and also has the talent of an architect. We decided we were going to go half on the house with my dad and build a Father-Daughter style home. A 2 family, but not really. We were super excited that it was all coming together and could not wait to close on November 29th. Well, fast forward to March 6th, when we actually closed it was finally done. But it was NOT easy, so many let downs, so many uncertainties and even more back and forth's with t he seller that was of no assist to us.

Part of the reason why it took so long is we decided to take out a FHA/203K Home Renovation Loan in order to cover the costs of our renovation as well as addition. Anything that has to do with the government is never easy, FHA had so many restrictions that we were running in circles at the town trying to find information on the home that no one had record of. We could barely get our hands on a survey and could not locate the well head. The original owner had past away and the seller had absolutely no documents. We were to the point that we thought it just was not meant to be, but had already invested thousands of dollars in inspections so it was really hard to walk away. So we continued on our journey and here we are.

We are in phase 1 of the construction process and have the remaining structure gutted, reframed, rough electrical and plumbing down, HVAC system done, as well as new roofing. The reason we are doing it in 2 phases is because the addition needs a variance to be approved, that takes a few months especially with COVID-19 going on. So, in order to move in quicker, we will do the existing structure first and then move onto the addition once it gets approved.

With all this being said buying a home is not easy, buying a home and adding a 203k loan is even harder! But I can tell you one thing, if it is meant to be, it will be and you will see a light at the tunnel. Look at the progress we've made in just a few weeks!

I am so excited to continue sharing this journey with you and I can't wait for you all to follow along!