Back in April We Bought a House – and we were only 22! It was a nightmare because it was a HUD home, but now that it appraised for 3x what we bought it for, we are super thrilled! However, we don’t really like the area that we live in, so the plan is to move from our current home and turn it into rental property within the next 4 years. With that being said, we have a lot of work to do getting our house ready to rent out to tenants including:
- New Roof
- Pull up tile/refinish hardwood underneath
- Expand the kitchen
- Combine 2 of the bathrooms
- Do something with the ugly patio
Phase one we hope will be a fairly inexpensive (as far as houses are concerned…lol) but labor-intensive project: Pulling up the tile and refinishing the hardwood underneath. Supposedly, underneath the ugly tile is the original wood – and The Big Guy tells me that the tile wasn’t glued to it, so we should be ok. We are waiting on the weather to warm up just a bit more so that we can open up with house while ripping out the tile, sanding, and laying all sorts of chemicals onto the wood. We don’t want to have a 6 month old crawling around high on Polyurethane, now do we?
Tools & Materials:
- For ripping up tile: I don’t know what tools we will need, but the big guy assures me he has everything for this phase….so $200 for tools he “forgot” he needs.
- Floor Sander – FREE, because the Big Guy’s Dad has one already. We could rent another one to make this process go faster. Cost: about $50 per day, and I’m thinking 3 days of sanding (?) for $150
- Sanding pads – $100
- Stain/Polyurethane – this is based on how many square feet we are refinishing. In our case, we have about 750 square feet to refinish, at about 300 square feet per gallon and putting down 3 coats, we are going to need 7.5 gallons. We are going to use a stain and sealer all on one that costs about $30 per gallon, for a cost of $240.00
- Gloves/Masks – $50.00
- Stuff we forgot – $200
Total Budget: $940.00
It is completely possible that we will come in under budget. I always try to estimate costs at the highest feasible end, so that when we come in under budget I’m super happy!
To be fair, I haven’t done this yet. The Big Guy and his dad have done it many times, though, so I’m hoping that it goes pretty smoothly.
It will definitely be a little rough around the RB40 household while we do this project, as we will move our bed and the crib out to the living room to live there while the floors are being refinished, but I think the end result will be worth it, and hopefully we will come out ahead of budget!
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