RSS FeedOct 04 2008
New Math — Floating Home Finances
Early on after the purchase of my floating home, I posted an accounting of the estimated total costs of the purchase and renovations. Of course, that was written during the cheerful afterglow period of new home ownership before reality whacked me over the head with a 2 x 4. In other words, before the discovery of minor items like the fact that everything in the house was below code and that I had a colony of bats living beneath my siding.
So that no one goes into renovating an older floating home blindly bouyed on optimism by anything I’ve written, I plan on posting a series of updated accountings as the renovations progress.
Please don’t be too discouraged by my renovations costs, however. I’d like to point out that the same time my place was on the market, there was another house in the marina of about the same size, that had recently been restored, and was for sale for $65,000.
My home simply had what I felt was a much better view along the river, a rooftop deck, and a floor plan that I preferred. I fell in love with my little place, warts and all. If I’d chosen to operate from my head rather than my heart, I’d have been in a place several months ago for about half of what my place will eventually cost me.
Anyway, below is an updated accounting. As you will probably notice, there are several items on the list for which I have not yet gathered estimates. But here’s where things stand as of today.
Early on after the purchase of my floating home, I posted an accounting of the estimated total costs of the purchase and renovations. Of course, that was written during the cheerful afterglow period of new home ownership before reality whacked me over the head with a 2 x 4. In other words, before the discovery of minor items like the fact that everything in the house was below code and that I had a colony of bats living beneath my siding.
So that no one goes into renovating an older floating home blindly bouyed on optimism by anything I’ve written, I plan on posting a series of updated accountings as the renovations progress.
Please don’t be too discouraged by my renovations costs, however. I’d like to point out that the same time my place was on the market, there was another house in the marina of about the same size, that had recently been restored, and was for sale for $65,000.
My home simply had what I felt was a much better view along the river, a rooftop deck, and a floor plan that I preferred. I fell in love with my little place, warts and all. If I’d chosen to operate from my head rather than my heart, I’d have been in a place several months ago for about half of what my place will eventually cost me.
Anyway, below is an updated accounting. As you will probably notice, there are several items on the list for which I have not yet gathered estimates. But here’s where things stand as of today.
