Saturday, July 5, 2008

Where we are at


Lets start with where we are, and how we got here.....

We currently have purchased the property two doors down from our house at 3935 W. Eddy St. (we live at 3945). This home was being re-habbed by a would-be home flipper and this person was an unfortunate casualty of the current home "crisis" that is tearing through the nation right now.

Jen and I were not sitting on this property licking our chops waiting for it to fail. We had begun looking to move locations as our home seems to be subjected to greater volumes of traffic down the alley to the west of our house as our neighborhood gains ground in popularity, and construction was more proliferate. As a result, we decided we would see if we could move within the city, so to try and avoid the supposed "inevitable" move to the suburbs, and the 2hr commute to and from my office daily.

While working with our property broker to find a potential new home, we were also trying to establish a value for our own home so we knew where we stood when we needed to sell our house. This was going to tell us what it was going to take for us to sell if/when we found a suitable place to move. When our broker provided us with a list of "comps" or places that were sold or on the market near our home, we noticed the property two doors down had just been put on the market for the value of the land.

My eyes immediately lit up, and I knew this was going to be our chance to do what we had hoped to do sometime in the future, BUILD A HOME!! Jen and I talked it through, and we decided that this was offering us the opportunity to do what we waned: Stay in the neighborhood we have come to know and love, to get off the alley that we are growing weary of, and to design and build a home that was distinctly us, and was not a home that we had amended from someone's previous iteration.

1 comment:

David Broering said...

Yes, I know it looks like a perfectly nice home, but in truth its gutted on the inside and offers very little of what we are looking for aside from the prospect of being torn down : )