
I thought it would be interesting to do some more interviews with those who have decided to purchase homes that need major renovations. Due to scheduling conflicts (I kept getting too drunk and sleeping too late over the weekends) this interview was conducted by email. The following home is owned by Stacey, 28 and Dan, 30. Stacey replied to the questions and chronicles their renovations in her own blog DC Rowhouse.
1. How long have you lived in DC?
Almost two years, we moved to D.C. in August of 2006.
2. When/How did you decide it was time to buy a home?
Those are really hard questions. I guess it was right for us. We actually lived in the house as a renter before we bought it. We only planned to live in D.C for a year, and when we got the chance to stay, the house went on the market at the same time. It was just the right opportunity for us.
3. What neighborhoods did you look into?
Since we didn’t really do a major real estate search, we limited it to the area around our house to make sure we were getting a good deal.
4. How did you ultimately choose your home and neighborhood?
One of the major perks to our house is that we have rental income from our downstairs tenant. The other amazing part of our home is our gigantic back yard and TWO parking spots. Its really hard to find an 800 square foot yard and two car parking. We love those features and that was important to us.
5. Did you know you were going to have to do many renovations when you purchased your home?
We bought the house knowing it was not exactly what we wanted, but it had potential. Since we only planned to live in the house for a year as renter’s we weren’t so picky about renting. In fact, I didn’t even see the house before we moved in. Since we had lived there for 6 months before it went on the market – we had a good idea of what we could do. What we didn’t know is the “real” cost of things. You can watch as much HGTV as you want, but until you get some bonafide contractors in your house – you are not going to have an idea of how expensive things are. Questions continue after the jump with photos. (more…)