Wednesday, February 24, 2010

Forest Creatures!

Who would have thought we live 1 mile from one of the busiest highways anywhere!





Look at the baby!


They've been visiting us pretty regularly since the snow started melting but this was the first time we've been able to get pics without them running off!

Tuesday, February 23, 2010

Living Room - Afters!

Micheal was a rock star this weekend and got the living and dining room painted!

Before


After


Before


After


And the progression of the TV wall...

Stage 1 - Someone get the pole

You know you like those mirrors...

Stage 2 - Chipping away the tar


In reality this was like the end of step two, ALL of those spots were thick with black tar adhesive, so annoying.

Stage 3 - Sand


Stage 4 - Patch and Sand


Stage 5 - Prime


Stage 6 - DONE!!


So I realize that my before and after pictures at this point may not be very glamorous, but man a lot of work goes into them. At some point we'll go for glamor, right now we're just going for done. :)

Monday, February 22, 2010

What we learned this weekend

We had a productive weekend! I made good progress on my dissertation and Micheal was a super champ and painted the walls!

What we learned:

1. Mushrooms must be next to black olives in the Pizza Hut prep bin.

2. When painting walls watch for kitties, they don't read wet paint signs.

3. When applying joint compound you should splurge and get yourself a larger Hammer End Joint Knife

Micheal tried to use a cheaper flex spreader that we already had and it drove him crazy until we got the nice one!

4. If the snow is wet and fluffy it actually makes for pretty good footing on the roof!


5. Our gutters were totally frozen and nothing was draining...


6. Dunkin Donut Sunday mornings are awesome (as is my husband, very awesome.)

I didn't so much learn this as realize it - my step-dad asked for more pictures on the blog but also said pictures of us would be nice too. So I thought about it...why don't we have pictures of us? Oh yeah, we get up on Saturday and Sunday and start working right away without primping and let me tell ya, those pictures would be SCARY!! :)

So I'll think about trying to take some pics when we're presentable just for you Bob! :) Have a happy week! Painted living/dining room pics to come tomorrow!

Saturday, February 20, 2010

Living Room - Patch and Paint

In preparation for hosting my first event I decided that what absolutely needed to be done so I wasn't embarrassed to have people come to my house was to have the living room/dining room and hallways totally painted. (Holy run-on sentence batman!)

Last weekend we got the hallway done and it looks excellent! Now on to the living/dining area. Unfortunately there is still a bit of prepping to do before the paint can go on, so that's what Micheal is working on this morning while I dissertate.


Lots of random cracks and blemishes that need to be patched.


Patching where the drywallers decided not to tape and mud the seams...(bangs head on table...)


Before


Before

Stay tuned for the afters!

What is a Short Sale?

One of the original purposes of this blog was to help educate my readers about purchasing a foreclosure and since my busy academic life is now affecting our renovation progress I'm going to revisit this notion.

So let's talk about our house search and the types of listings we considered.

We would have loved to consider conventional listings - houses listed for sale by the owner through a real estate agent. Sadly, once we began looking we realized that it was unlikely we would be able to afford such a house, at least one we'd be willing to live in and in an area that wouldn't require flack jackets.

Next then were the options of listings on the market as foreclosures or short sales. Both of these have been major buzz words since the bottom fell out of the real estate market. Despite all the negative press around short sales I was SURE that we could successfully find, make an offer on, and purchase one of the great deals. I mean, I grew up in real estate right? Wrong... so wrong... The process was so exhausting, fruitless, gross and difficult we ultimately decided it wasn't for us.

What is a short sale you ask? That is a popular question. Here's the quick and dirty:

1. A short sale is a home being put on the market by the owner of the house, not a bank.

2. The owner of the house is often significantly behind on their payments and/or is experiencing extreme financial difficulty.

3. The house is no longer worth what was paid for it or the owner is upside-down in the house. This could be due to market trends or damage/condition of the home.

4. The owner is going to submit a request to the bank to request that they accept less money than they actually owe as full payment for their loan.

5. By no means does "short sale" mean it will be a short process, it can take months and only a very small percentage actually go to sale.

6. Often times many offers are being submitted and considered on a short sale at one time.

7. This may not be true of all short sales, but was true of all the ones we saw. They are not going to be in good condition. We went into some very gross houses and if they weren't gross, they still had significant issues that would need to be resolved. Also, unlike foreclosures the family may still be living in the home.

8. Expect to pay more than the listing price. My agent explained it well when she said they could list the house for $1 if they want. Essentially they're putting in a low price to solicit offers from multiple buyers.

Let me give you an example. Mr. & Mrs. Smith bought their house in 2006 for $400,000 with an interest only loan. In 2009 Mr. Smith lost his job and now Mr. & Mrs. Smith are behind on their payments and are at risk of losing their house. They have their house appraised and because the housing values have decreased in their area their house is now only worth $315,000 - $85,000 less than the amount of their loan.

As a last ditch effort not to be foreclosed on they list their house on the market as a short sale for $315,000. I make an offer of $315,000 and then Mr. & Mrs. Smith must submit this offer to the bank with the financial hardship letter asking the bank to accept my $315,000 to pay off their $400,000 loan (essentially, they are "short" the amount of money owed - hence the "short sale.")

This is where the process hits the stopping point - banks take forever and don't have any real incentive to accept this sale as they are taking a loss. Sometimes it makes more sense for the bank to let the house go into foreclosure if they can make a better profit selling it themselves. The bank will likely ask me to pay more or tell the family they have to bring money to the table both of which may kill the deal. This can take months - I've heard of people submitting an offer and not hearing anything for up to 6-8 months (if ever.)

Is it impossible to purchase a short sale? In a word, no. I know a few people who have successfully navigated the process. Is it easy? No. Is it fast? No. Is it a huge PITA? YES! Can you get a good deal? Maybe.

Things to look for or consider that may help ensure a successful short sale purchase.

1. The seller has already submitted their letter of financial hardship to the bank and the bank has approved it.

2. The bank has already set a price of what they would be willing to accept.

3. A seller that is only submitting one offer at a time. (Often times sellers will submit any and all offers throughout the entire process which makes it infinitely more complicated.)

4. A patient real estate agent who is well versed in the short sale process.

5. Find out which bank the short sale is being submitted to and do research about whether or not they regularly accept short sales.

6. ALWAYS get an inspection!! The house may have fallen into significant disrepair during the owners financial difficulty.

If you're planning on shopping for a short sale I wish you luck and patience. We decided to move on from short sales to foreclosures, a summary of that will come next!

Monday, February 15, 2010

What we learned this weekend

Finally, a weekend with NO SNOW!! It was fabulous, so fabulous!

What we learned...

1. Painting makes SUCH a huge difference. Even if it's just white/primer to linen it looks so much more finished and clean.

2. Home Depot and other tool companies really know their market... I asked Micheal to pick me up a new candle lighter, like this one -->


And he comes back with this -->


Don't get me wrong, it's awesome but I just find it hilarious! If the power goes out again I might be able to heat the house with that bad boy!

3. Whomever hung the sheet rock in our living room decided the step of taping the over the seams was unnecessary. Which has lead to cracks (which we simply attributed to regular settling) above the windows and doors.


4. Moshe is a great helper...

Friday, February 12, 2010

MBR Ceiling Fan

I'm so excited, all the finishing touches on the MBR are coming together!! We decided to take advantage of our snow days to get some work done. :) We removed the can lights from our ceiling about 3 months ago, patched and painted the holes so there were no overhead lights in the bedroom. So we were installing a ceiling fan without an existing fixture/box.

Micheal used the junction box to trace and cut out the hole in the ceiling.

We learned at this point that we should have cut from the bottom up because cutting from the attic down caused chipping on the ceiling.

When installing a ceiling fan you need to purchase a mounting kit that will go between the joists in the ceiling. This is necessary to support the weight and movement of the fan.


Next Micheal attached the main assembly of the fan.


We had to again fight the crazy wiring as the fan required more wires than were available in the box. On my first wiring attempt the fan dimmer instead ran the lamp/outlet on the side wall...FAIL! So I went back to my handy dandy picture:

...and was able to make it work!!


After the electrical was complete we just followed the very detailed instructions and voila!





I love it!

Thursday, February 11, 2010

Small Victories

The electrical wiring in our house has become my enemy. Whoever did the wiring was not terrible, but was by no means excellent. They took a lot of short cuts, ran crazy wires all over the place and did a TERRIBLE job mounting the boxes. Pretty much it looks like they used a hammer and just punched a hole in the sheet rock and tore the hole to about the right size with their hands. Annoying.

Also whenever I open up an outlet I find just a crazy mass of wires with no real rhyme or reason. Several of the switches in our house are so crazy old and have been painted over so many times I'm amazed that they still work!!

So when the power went out on Saturday we decided to do some electrical work. :) Micheal started working on the ceiling fan and I started switching out the light/outlet combo in the guest bathroom.

Before

(I cheated, this is actually the light/outlet combo from the MBR, but they're the same.)

I cautiously removed the faceplate and found this...

Looks scary doesn't it?


I always make sure to take a picture of the wire setup before I disassemble so that if it doesn't work I can go back to the picture to see what it looked like when it did work. As I removed wires from each outlet I tagged them with color coded sticky tabs (I know you love that Bridget!) so I could remember which wires were attached to the switches.


I added a level of complication by choosing to do a stacked light and full outlet vs the outlet/light combo that was originally there. I'm going to refrain from posting my "how-to" until I get my dad to approve my electrical methods. Some lessons I learned though are:

1. Even though there are 5 wires running into your box not all of them have active electricity running through them. You need to determine which one is bringing the power to the box (which one is "hot".)

2. Getting all of the wires into the box is a process that needs to start at the very beginning. As you start connecting things you need to think about the wires and how the can be folded back into the box. Pushing everything in at the end is not going to work.

3. The sides of the two receptacles cannot touch - it causes a mini-explosion! Use electrical tape to cover the exposed sides that might touch each other.

4. Drawing a diagram of how everything should fit together is very helpful. You can quickly get bogged down in the wires once you dive in.

5. If you elect to insert the wire into the back of the outlet versus hooking it over the screw it can be difficult to remove if you need to change anything. You need to twist it out like a screw instead of pulling it out.

Once you've got all that done and everything is hooked up right you get a beautiful new switch plate! (Ignore the scuffed wall and ugly trim, those have not yet been addressed.)


***DISCLAIMER*** Working with electricity is tricky business, F2F does not condone working with electricity without any pre-existing knowledge of how to do this safely. If you do not feel comfortable or experienced enough to do electrical work consult a professional. Fortunately I have one on call at all times. :)

And here is a sneak preview of the fan process!!

Wednesday, February 10, 2010

Snowmageddon 2 - The revenge of the flakes...

This is really just getting silly people! The federal government has been closed for four days now (including tomorrow), they had to call off plowing for blizzard like conditions today, and the majority of people out that the reporters could interview were from places like Canada or the Czech Republic!

I have never seen snow like this in my life and Micheal and I have joking about how in 30 years we'll be telling the story of the blizzard of 2010 to our grandkids. :)

This was the start of the snow over the weekend (Saturday) when we lost power -->


This was Sunday when things were all said and done (we still had no power...)-->


We made our own Snow-refrigerator (Snowgerator?)...




The kitties did not love the house at 50 degrees - they all found this one patch of sunlight, it was pretty funny. :)

Moshe found a warm place to hang out -->


Micheal traipsing around looking for power -->


Power finally came back on Monday morning around 5am and the snow stopped - which gave us reprieve for all of 48 hours before it hit again. Snow started yesterday afternoon leading to blizzard like conditions. We did not step foot outside today as it looked nasty and cold. Maybe tomorrow we'll go play in this:

Patio furniture? What patio furniture? :P

Monday, February 8, 2010

What we learned this weekend

Wow, what a weekend it was!! The entire Washington, DC area was under a severe storm warning starting Friday afternoon through the weekend. It started snowing on Friday and came down hard throughout the night. We lost power on Saturday morning about 10:30AM and power was not restored until this morning at 5AM!!! It was a super long two days without power and a total of 20 inches of snowing sitting outside our door. I'll upload pictures soon of the chaos.

Here's what we learned on this snowy weekend.

1. A power outage is novel at first, the novelty wears off after about 6 hours and the temperature begins to dip.

2. We have no insulation in this house (okay so we already knew that but were strongly reminded of it this weekend.)

3. Without heat our house will get down to 45 degrees overnight! AH!! That was cold.

4. Down comforters are Ah-mazing.

5. Gas cooking and gas hot water are also Ah-mazing.

6. Attempting to heat your house with water boiling on the stove can cause a condensation rainstorm!

7. DC predictions of snow are much more reliable than Kansas predictions.

8. A small bobcat front-loader is a WAY better snow removal tool than the big scrapers!

9. The Shoppers employees are WAY tougher than those Home Depot wusses!

10. A 5000 watt generator costs $600.

11. The campground/pool area behind our house (that had power!!) is protected by barbed-wire fence...

12. When the power is out this is a great time to work on electrical replacement tasks!

It was quite a weekend!

Friday, February 5, 2010

Snowmageddon!

The second official blizzard for the WDC area has begun! A month ago we underwent the "Snowpacolypse" and now... "Snowmageddon!" No one ever said that the Washingtonians weren't creative. :)

It's been snowing since about 11 and this is what we have thus far:

They're calling for anywhere from 15 to 30 inches!

Since we'll be snowed in this weekend we're planning on doing some long awaited renovations.

My friend Ashley over at Decorating Obsessed posted about her plans for placement of her new floating shelves, so I'm stealing her idea and doing the same!

The idea is to balance out the random small window by evenly spacing the top shelf with the outside of the window.

I'll keep the updates coming over the weekend! As long as I don't lose power ;)

So far we've transformed a 7 foot piece of vintage white oak into these two shelves:

The bottom one has obviously been stained (the same color as my dresser) and the second has since been stained.

We're planning on placing them above our headboard like this:

Monday, February 1, 2010

What we learned this weekend...

Woo hoo! Back on the Monday schedule!

What we learned this weekend:

1. That evidently I (Kari) am a walking disaster. Within two days I managed to sand my hand with a power sander (blood was shed) and burn my arm on the heater vent pipe. (Which I now maintain is WAY to close to the washer/dryer.)

2. That Micheal is more Holmes on Homes and I am more Designed to Sell.

3. That no matter how desperate I am for Dr Pepper I will not drink flat Dr Pepper. I got a soda out of a vending machine, opened it…BLECH! Totally syrupy. Look at the expiration date? 4/9/09 – AWESOME. I made SuperFresh trade it in for me.

4. That bath fans are WAY more expensive than I thought!! $100 (ish) for a BATH fan?? Can’t I just light a match?

5. That Community Forklift is having 40% off weekends for the next two weekends for anything in the store! WOOHOO!

I think that’s about it…it was a pretty slow weekend…