Tag: Home Design

  • Renovation Check In

    Renovation Check In

    It’s been three months since my last blog post and we moved into our new house. I’ve been wanting to write a post for two months but have honestly not known where to start. The project is so large it’s hard to sum up in a few paragraphs, but I’ll try and be succinct.

    I mentioned in the Our First House post that we had specific requirements for our first house. Our idea was to purchase a house where the basement could be converted into Income Suite. My parents introduced me to the idea with their handful of income properties when I was a teenager. Scott McGillivray further sold me on the idea with his dreamy hair and “cheques to the bank” battle cry.

    But what fully convinced me to go down the investment property route, was the book Wealth Magnet, by Dr Dolf De Roos. In it he explains his buy and hold philosophy and turning your biggest debt into a positive that brings in monthly income as it appreciates. As great as being a creative entrepreneur is, I think it’s smart to diversify my streams of income and have something stable to count on when my art isn’t selling.

    So far we have demoed the basement; replaced and resized a window; added a walk in shower to the bathroom upstairs; and started about half the reframing in the basement. Still left to complete is EVERYTHING! Jobs have been started but nothing is fully fully complete yet and it’s starting to get a little overwhelming to say the least.

    Basement Demo | Tracey Cameron Creative

    We need to; demolish the basement bathroom; dig and trench the basement floor for the new bathroom location; finish framing the basement bathroom; insulate the ceiling with safe & sound; hang, mud, and tape drywall; insulate the cement floor; install vinyl plank flooring; install cabinets; … oh my this list is getting long and it’s not even complete.

    Our timeline is to have the basement finished and rented for June 1. Three more months? Can it be done? I have to keep reminding myself that little steps add up overtime so I don’t let the to do list feel insurmountable.

    Renovation Progress Upstairs Bath Sneak Peak | Tracey Cameron Creative

    One positive is the upstairs bath is almost complete. Just some waiting on faucets to arrive and to choose a paint colour. I will feel much better when the bathroom is done! It was a big difficult project to start with so it will feel like a major accomplishment to have it completed. Look out for my next post (it won’t be in three months I promise!) and I’ll sum up the upstairs bath project.

  • Our First House

    Our First House

    Two weeks ago, my boyfriend and I did something I’ve been dreaming about for a long time… We bought our first house!!!

    You may or may not know but I am a huge home fan. A little bit of a home body, but more of a interior decorating fanatic. I love to watch people smash down dark dated walls and build a beautiful bright airy space in its place. I’ve had my hand in a few interior projects, mainly my family’s Inn, The Prairie Creek Inn, but this is the first space that I can call my own. And I have to say I’ve been dreaming about our first house for a while.

    The actual purchase and transfer of our first house was a bit stressful for us. We have specific plans, that I will expand on in a later post, which required a bit of a different layout, so finding the right house proved to be a challenge. After two months, 60 viewings, a very patient realtor, and two failed offers, we finally found our home.

    I feel like this home was waiting for us.

    The seller, put off listing for months, and when he finally did list, I saw it online and knew we had to see it in person right away. It was in the neighbourhood we like, had great curb appeal and a willow tree (a wish list item of mine!). We weren’t the only ones that were excited about this house. They had so much interest in the first few hours that we had to share our viewing spot with four other couples, according to our Realtor, that is usually not done in the home selling game.

    After a rushed 20mins of walking through the house, and less decision time than it normally takes me to buy a sweater, we decided it was the one and put in an offer that evening. To my disappointment so did three others! It took 30 hours and a bit of back and forth, but late the next evening we heard the good news, the seller picked us!

    It took 40 days to close escrow. I’m glad it wasn’t three months because I might have gone nuts with anticipation! But during those 40 days I was distracted by the piles and piles of paperwork required. I’ve discovered that working with a bank to get a mortgage is a little like standing naked in a cold room as people point out all your flaws. I felt like such a dirt bag. Being a self employed creative has not had me rolling in the green, YET, and they made me feel like such a loser for it. My issues I know, a future blog post I’m thinking, but thankfully my boyfriend has a steady job and his strengths balanced out my weakness and vice versa.

    Moving day finally did come.

    I was so excited I had most of our house packed up the week prior, but I can’t say the same for the seller. I don’t know the particulars but it really didn’t seem like he was as excited to move as we were and that was clearly evident when we did our final walk through. 12 hours until he was suppose to hand over the keys to us for good and he didn’t have one packed box in the house. All we saw were his possessions in piles on the floor everywhere! We took it in stride and hopped he was a night owl who would put on his superman cape and miraculously get his house all packed up.

    Turns out no cape

    He is a mere underprepared mortal who was still packing and moving his stuff out when we arrived with our full moving van the next day. We actually had to help him. An hour after we had legal possession, we were packing and moving boxes for this guy. Three hours after having legal possession he finally had moved all his stuff to the lawn where he proceeded to shove it in a rented van. Turns out though he forgot a few things, like the contents of the entire garage, eight bags of garbage in the backyard, bottles in the fridge and to clean the kitchen or bathrooms!

    Needless to say it wasn’t the best first house buying moving day and it actually made our Realtor very mad. With his encouragement we contacted the lawyers and the seller agreed to give us some financial compensation for the state of the home. It didn’t bring back a nice happy moving day into our first home, but it did cushion the blow a little, and a least we have quite the story to tell!

    So we have been in our first house for just over two weeks now.

    The demolition has already started and our plans for the next step are solidifying. In the next post I”ll show where we started and explain where we hope to end up. I know this is a side tangent from my art focused blogging but this is a big chunk of what makes me me. I hope you’ll join me as we transform this little 60’s bungalow into our first step down the real estate investing rabbit hole.

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