Tag: Renovating Foreclosures

July 2019 Wrap-Up

My July 2019 began and ended in Florida. But the whole month was not spent in the Sunshine State. In addition to driving a southern route from the High Plains to the East Coast, I also spent a short time in the State of Indiana. As a result, my writing suffered a tad bit.

In addition to visiting family, I have embarked on a major project. Along with a family member, I am working on bringing a foreclosed property back to life. The house has some problems, but it is structurally sound.

Foreclosures from the Great Recession

The United States is still working through a backlog of distressed property. This particular home has been empty the better part of a decade. As with many of these properties, the house was purchased as is. We did pay for some inspections. We were not allowed to turn on electricity or water. Therefore, we planned on major overhauls of these two functions.

Many homes built on slab during the latter part of the 20th Century have problems with the pipes. Thus, we were not surprised by the need for re-piping. This is achieved by piping through the attic. Another of my Florida relatives had just had this done. Thus, I was familiar with the pricing.

For the most part, the electrical system was in good shape. But, the air conditioning was shot. I can’t imagine a house in the interior of Florida without air conditioning. The replacement is scheduled for later this week.

Much of the remainder is cosmetic. My family member, with a little design help from me, will tackle this. The process has been interesting.

Rehabilitating Foreclosed or Distressed Properties

There are many, many distressed properties. Homeowners for one reason or another fail to maintain their homes. Under the best of circumstances, the houses fall into mild disrepair. But the worst cases result in foreclosures with a loss of equity and the ruin of credit.

It is hard to determine exactly how many properties are falling into disrepair. Not all end up as foreclosures. I thought a neighboring house had also been abandoned due to the evident neglect. However, an elderly couple, (possibly on a fixed income) reside in the home. This is anecdotal. But may happen more often than one would believe.

Unfortunately, a certain stigma is attached to buying such a property. A few contractors have refused to work with us. Perhaps there is a feeling that we are gaining from someone else’s misfortune. Perhaps they do not understand the gratification which comes from making something bad into something good. Currently, I see little if any monetary gain, but that may change.

Other Activities in July 2019

Of course, the summer months mean time in the garden. I am delighted in the continued success of the Raised Row Garden. The cabbages are gorgeous and the beets delicious. I will not be home for the County Fair. So no blue ribbons this year.

I plan to be home in time for some major canning mid-August. In the mean-time the garden is being watered by the man of the house. He reports the eggplants are abundant and tasty in eggplant parmesan.

July 2019 Reading

Unfortunately all the travel and planning have cut into my reading of novels. (I am always reading, just not always for fun.) This month websites and design magazines have stolen the show.  I may need to borrow an idea from my favorite South African blogger and keep posting with Just A Paragraph if life remains hectic. If you like blog reading, visit her website at despatchesfromtimbuktu.

Visiting The Little One

Perhaps the best part of July 2019 was the 24 hour trip to the Front Range. I was able to spend some tummy time with the newest member of the family. She makes such funny faces, I predict she will have an amazing personality.

Thank you to all my loyal readers. I appreciate your bearing with the less than regular posts. But, I wouldn’t trade this experience for much. Life is interesting when it is unpredictable. Bringing a foreclosed home back to life certainly qualifies as making life interesting.