2009-07-09

Renovations & Maintenance

We're looking at a considerable outlay this summer, but it looks like we'll do it without going into debt.

The roof needs repairs and replacing, the siding needs repairs and painting, and we need a storage building for lumber, yard equipment, and construction related materials.

It's a flat roof, and little has been done on it in the 33 years we've lived here. Presuming it is still sound, recovering it combined with replacing flashing and a variety of other items looks to run us $9,862.00, with a 15 year manufacturers warranty. More if they have to patch the roof, of course. DialOne Roofing of Oregon.

Big square building, cedar shakes, some of which need replacing and many need reattaching. Plus flashing, and the chaps we're tending towards suggest re-stapling the shingles with snazzy stainless steel staples; the bid we're tending towards is a firm which doesn't just paint, they also do siding and window installation, the sides of buildings are their thing. So we're looking at $2,497.00 for shingle repair, replacement and re-stapling, and flashing on the corners and one window. Then $15,889.00 for all the stuff involved with painting the building, including this snazzy paint from Sherwin-Williams which has a 25-year manufacturers warranty. Oh, and while we're at it, repainting the entry hallway which is this immense two story with stairs space, and which hasn't been done since we moved in, might be an idea, and enough of a pain that paying $1,395.00 to have it done sounds real good to me. Total bid: $19,871.00. But wait, 10% discount somehow comes into play, which knocks it down to $17,802.90. And anything not covered in the bid but added later at $35.00/hour, most reasonable, it's a good detailed bid. C&K Home Improvement.

Storage shed. Say about 18'x8'x8', sloped roof, gutters, windows [we've got one's we've replaced running around, still good double pane, whyever not use them?], 4x4s instead of 2x4s on the south side so lumber storage shelving on iron pipe racks is fully supported, built to last for decades, none of this chintzy backyard storage shed stuff that's falling apart as soon as you finish building it, like the shed we just took down. The idea is that all the lumber in the basement will have a good home, as will the yard tools & supplies, and hopefully the various construction supplies we keep on hand. Get this stuff out of the basement. Clear out the Furnace Room, and make the major plumbing pipes accessible without struggling. Let the shop be a shop. Make it possible for me to move back into my old room in the basement, so we can get my current apartment back on the market as a revenue source. Bill's working up a bill of goods for this, after which he can give us an estimate as to what it will cost. This will go against his mortgage payments. There's around $16,000.00 left on his mortgage, so this will be no out of pocket on our part. Bill will have the mortgage paid off before the end of next year, at which point we have to start actually handing him money when he does work for us.

Once all that stuff gets done we start looking at other things, like the floor work in the apt. 3 bathroom, which is partially rotted out, and the need to replace the buildings plumbing as the old iron pipe is getting clogged with rust.

But the stuff currently bid on, we've got the cash on hand to cover, between what I've had mom socking away for periodic expenses and my Social Security lump sum back payment, which can repay the support mom provided for me prior to it coming through. And my budgeting for periodic expenses will be improved based upon these expenditures, so with care we won't need to go into debt for future repairs, either.

It's nice owning the building free and clear. It's nice to have zero credit card debt. And I plan to keep it that way if I can.

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