Tuesday, January 29, 2008

Buying our First Home

In 2004 we decided renting was not the way to go. It was just like throwing money away and never getting anything in return. We decided to purchase a home that I had previously rented and had lived in for 5 plus years. The mortgage combined was less then what we both were previously paying for rent. So we were saving money monthly, plus eventually our money would come back to us.
Our goal for this property was to fix it up slowly while living there and eventually rent it out or try selling for a profit.
In a 3 year time frame we had redone almost everything.
Refinished the original hardwood flooring.
New flooring throughout.
We gutted out the kitchen and did a total makeover.
Repainted every room.
Put new sidewalk in the backyard along with a new fence.
Reseeded the grass.
It was a lot of work, but it was also fun at the same time.

I'm hoping to be a future flipper some day!!

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