Where We Started
My tenant told me today she is looking to move out January 1, 2015. We’ve had a good run, but now it’s time to move on. Tenants come and tenants go. I haven’t yet heard of someone renting for more than a year or two. I just don’t think it happens very much. Renters move, that just may be my experience, but it seems like the whole point of renting anyway: to move when you want.
I rented my condo for a year as well. Maybe I should have kept it; but that’s hindsight. I forget the bills it paid off and the line of credit is back up anyway. I’m sure there is a pair of shoes in the closet that the condo sale paid for.
Unlike the condo; I can’t sell half my basement (albeit if you live in the bigger cities this might be an option). I will be renting again.
Getting renting was grueling. We put in a ceiling, new kitchen, new bathroom, new walls and new floors.
It looked pretty rough when we started, and only got worse as we progressed.
I started as soon as we took possession and didn’t stop until we had a renter. I was down there every night for three months working on one thing or another.
I asked everyone I knew to devote some time to it and I had a lot of help.
I found out why they’re called walnuts when tearing out the kitchen; mice take them into the wall and all that is left is the shell; I would wikipedia that, but if it’s not true I’ll just be very confused.
To be honest, I don’t think I want to rent again, but this is what I bought, this is what I did and this is what I have to do.
Without renting I can’t afford to do as much as I am, certainly not furnish the basement as I would like. It’s not that tenants are a pain; it’s just that they can be and finding the right one is hard.
On the left are pictures of all the before and it was a lot of before.
Where We Are
And now for the right it is the after. How much is half my dream house worth? I put in a lot. (I would say about $20,000 roughly) and I love this house.
If you need cold, hard facts they are as follows:
Garden-view Apartment for Rent
1500 square feet, 2 bedroom 1 bath for Rent on a 2 acre property minutes outside of Barrie, Ontario
- 2 bedroom
- 1 bathroom
- Side-by-side refrigerator with ice machine
- private washer and dryer
- private shed
- living room/dining room
So what is all that work worth? I see 2 bedroom rentals in town (Barrie) going for anywhere between $900 and $1300 a month. Once you hit the $1400 mark, you can probably get a house. It might not be a nice house, but you certainly won’t have me above your head.
To me it’s worth three months of blood sweat and tears as I tried to pull it together from what it was (see above) to what it is (page right).
So what’s it worth?
What I want is a gold medal and I know I deserve a medal because I worked really hard to make it happen and everyone should know that and say hey you know I think you worked really hard and here’s a gold medal because you did work so hard.
So what is it worth to you?
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