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Dangerous fantasies

Last weekend, I had dinner with my very good friend, who happens to be my mortgage officer. Due to a variety of scheduling conflicts, I hadn't seen him in a while, since around Christmas time.

We were chatting about our houses, how much we liked them, what we wanted to do to them, and I mentioned my kitchen floor fiasco. I bought tile at the tile sale a few weeks ago, and I'm now procrastinating in making the decision whether to install the tile myself or hire someone to do it.

While I was describing what I had to do to the kitchen floor, I casually (and stupidly) mentioned the remodelling fantasy that I've been harboring for about a year and a half now: to expand my kitchen to the edge of the back deck and build a master suite above, turning my thousand square foot 2 bed / 1 bath into a maybe 1500 square foot 3 bed / 2 1/2 bath. My friend turned to my brother, the architect, and they quickly cacluated how much something like that would cost. The number was large.

I laughed, and said something like "but I could never afford that..." My friend, who knows all of my financials, having financed my house four years ago and refinanced it two years ago, said "of course you can afford it." He pointed out that my house has appreciated in the last four years about the same amount that the remodel would cost. He mentioned the program that his bank is offering for remodels like I talked about.

I quickly changed the subject to less terrifying matters.

Allow me to point out that I don't need a master suite. I don't need another bedroom. I don't need another bathroom and a half. I don't need to double the size of my kitchen. I certainly don't need to increase the amount of space to cool down in the summer (though I really should look into whether or not I have enough insulation, and whether I should weatherstrip the doors and windows and whether or not there are any existing cracks in the house). My dogs don't need to have construction workers tearing apart their house for six months or so, especially since they've (the dogs, not the construction workers) been banned from visiting my parents' house (stupid neighbor) for the foreseeable future. Also, Relampago has been having trouble with stairs at the ranch lately, so I'm not sure that he'd like the idea of having an upstairs bedroom. No one is moving in to live with me, I'm not having kids, I'm not even getting another dog.

I do need to partially remodel my kitchen, starting with the floors and ending with some of the cabinets. I may or may not need to investigate new methods for doing laundry, depending on what's causing the leak that lead to the floor fiasco.


A good friend of mine just started a construction company (which will probably be used for the kitchen floor regardless of what I do). And, my brother is an architect, so it's not like I'd be paying an arm and a leg for a cool design using reasonably inexpensive materials. And, it'd certainly increase the value, for rent or for sale, of my house beyond what the investment is. And, there's been talk of a raise. How much, I have absolutely no idea, but it's possible that the whole thing could be revenue neutral.

I should have never brought it up.


( 7 comments — Say something )
Jun. 9th, 2006 07:44 pm (UTC)
Could you just build a little apartment in the backyard for me and my cats? Heh.

And coversations like that is how I ended up spending all this money a stupid cruise. So, good luck with the resisting. ;)
Jun. 9th, 2006 07:56 pm (UTC)
Well, you don't have to do everything all at once. You can remodel to get the kitchen of your dreams and then down the road tackle the master suite idea if it still appeals....

(That's the way my parents did it: remodeling one section of the house at a time with a space of a few years between each remodel.)

Jun. 9th, 2006 08:36 pm (UTC)
Well, with the way I'm envisioning the remodel, the master suite would go above the kitchen, so it'd all have to be framed and built out all at once. I could just leave the master suite unfinished (unsheetrocked, unfloored and untiled in the bathroom) once the framing was done and get to that later, I guess.
Jun. 9th, 2006 08:51 pm (UTC)
Oh, I see. No I wouldn't want to it partway like that either. Too depressing.

So. Do you want us to talk you into or out of it? I am pretty good at providing enabling rationales for others to spend lots of money....
Jun. 9th, 2006 08:57 pm (UTC)
Heh. I think this one will work itself out fairly quickly. Once I figure out what the size of the theoretical raise is (and the range is rather big on what it could be), then I can figure out whether or not I want to delve into taking on more debt for something I don't really need.

I just figured it was something that other people may have given some thought to also. My understanding is that home remodelling is a pain in the ass, but at the same time, most people are relatively happy with it after it's done. Assuming they can pay for it.
Jun. 10th, 2006 02:51 am (UTC)
and in the meantime you would have extra attic and storage space!
Jun. 10th, 2006 02:54 am (UTC)
and sheetrock and mudding are EASY!!! so you could do it yourself or with your friends and bit by bit and have it not cost lots at all and just have the electric and pluming stuff done by other ppl if you want. chris mudded her own room at the old house and had lots of fun and she was only 23 then so i no you could do it! and flooring is not hard at all to put in and tiling to.
( 7 comments — Say something )