Yesterday in our Frugal Photo Post I posted a picture of one of our remodel projects. It is the one we are in the middle of right now. It is something the whole family pitches in on and helps. Our older boys work there when they can, making time around college and their other jobs. Hubby goes over after work and I go over when I can with the little ones. We work together on it until it is done.
When we first got married we did not want to rent so we purchased a house within the first year of our marriage. As fate would have it my husband got a job across state less than 1 year of owning the house. We tried and tried to sell it but had no luck. So we rented it out.
We had never considered owning a rental but had not choice. We lucked out and got very good renters. They paid their rent on time, took good care of the house and treated it like their own. We ended up having them as renters for over 20 years! It also began our adventures in getting older houses, fixing them up and renting them out.
We lived in 8 different houses in our first 12 years of marriage. We would move into them, fix it up, move out, rent it. We did this over and over all the while looking for our ‘perfect’ piece of property in the country. We finally found the 10 acres we are now on and decided to build. All of our previous experience was invaluable when building our own home. It saved us money being our own contractors and doing much of the work ourselves. It is also very satisfying looking around our home and knowing that is was our own sweat and labor that built most of it.
Being a landlord is not for everyone and we have decided that this will be the last until hubby retires. But with the way the economy is and with 401k’s not being what they used to be it helps to have a ‘back up’ income for emergencies and for retirement.
As nice as the extra income will be in the future what I really like is the chance to get to bring an old house back from the brink. To find the old love letters in the walls, to see the vintage wallpapers, to refinish the old growth floors, and to bring to life an old but charming kitchen. There is something about a house that is a hundred years old that almost talks to you as you work on it. There is a sense of history and depth that a modern house just does not have.
It has also given us the opportunity to learn many new skills. I can wire a house, lay tile, sheet rock, and lay hardwood. Hubby does his own plumbing and siding. The big boys know how to do all these things and more…
Of course the little ones get to learn about workplace safetly, lol!
Yes remodeling is a family affair around here!
What interesting things do you do together with family or friends?
Kim can also be found at the inadvertent farmer raising organic fruits, veggies, critters, kids…and a camel!