We’re landlords…kind of.
Some of you already know about this, to others it will be a surprise—we bought a duplex!
I’ve read some of Amy’s scary posts on owning properties, but feel that our situation is truly different for a number of reasons:
1. It’s next door to our current house.
2. It’s half a mile from our large church, and many people are looking to rent in this neighborhood to be close to the church.
3. We’re going to be living in it.
That’s right, sometime in the early fall we will be moving next door! It really was a cool opportunity for us. Basically here’s the deal: We live in a house that is about 1400 square feet. Not bad for our needs. However, the layout is just not going to work for the long term.
We have three bedrooms, but one of them is on the first floor. Not that that’s a bad thing, but we live in a pretty urban area, where it would not be sensible for anyone to live on the first floor except the parents. However, the room is pretty small and would make it difficult for us to have even a dresser in there if we had a bed. And it might mean we’d have to go down to a full-size bed, which we could do, but going down a size would be really hard. (I am not a snuggler.)
Honestly, I love my current house so much. I’ve said repeatedly, “If there we some way to make three bedrooms on the second floor, I’d stay here the rest of my life.”
Anyway, we found out the duplex next door was being foreclosed on, and it’s a very nice place. It has some aesthetic things to take care of, but nothing major. The previous owners put new siding on last summer, had all the trim painted, got new furnaces for both units, had a new fence put up, had concrete sidewalks poured, and all new windows put in throughout.
Here’s our plan: There’s a really huge third floor that is currently unfinished. We will move into the second floor apartment and finish the third floor with three bedrooms (all on one level-yes!) and a bathroom. Plus on our main level we’ll have a guest bedroom. And then we’ll have the first-floor unit to rent!
It’s going to be a crazy time of transition, but we’re really excited for it. This was basically the only way we could get more house for our family (which we pray will grow through the years) without making a bigger mortgage payment (which would cost too much).
I look forward to updating you on our life changes.
The current tenants leave at the beginning of August. Can’t wait to show it to you!