We Paid Off Our Home!

Y’all, I’m so giddy and enthusiastic about this. Matt and I paid off our home yesterday! We personal our home outright. And since we don’t ever plan on shifting, which means no extra mortgage funds…ever!

And that, my associates, is why I used to be in a position to see a home that seemed like this…

And as a substitute of turning my nostril up at it, or working away in horror, I used to be in a position to see the chance. I knew it may very well be became one thing stunning with a variety of laborious work and willpower, and I knew that if we purchased this home and progressively turned it into our dwelling, it may afford us a variety of freedom that purchasing a model new, flip key dwelling wouldn’t.

There have been sacrifices to doing it this fashion, although. It meant that we needed to stay by means of years of building, which wouldn’t be sensible for many individuals. And there have been definitely occasions that I questioned if I’d ever see the sunshine on the finish of the tunnel.

Matt and I purchased this home in August 2013 for $83,000. Whereas we have been residing within the condominium, we had saved sufficient to place down $20,000 as a downpayment, so we solely financed $63,000. Our plan was to repay the home a lot sooner than we did, however we additionally didn’t have lifelike expectations of simply how a lot it could price to redo the home. So whereas we didn’t finance very a lot, and we thought that we’d be making double and triple and quadruple funds every month to get it paid off in just some years, that didn’t actually work out.

Let’s simply say that we have been so grateful for our tiny $320/month mortgage funds, as a result of that allowed us to place extra money month-to-month in direction of reworking the home. (Strive discovering a rental for $320/month! 😀 )

The home had nice bones, however aesthetically, it was in fairly tough form. All the rooms needed to be taken right down to the studs and ceiling joists, and three areas needed to be taken right down to ground joists as nicely. It wanted a brand new roof, new HVAC system (it solely had an outdated furnace and window unit air conditioners), all new electrical, all new drywall, new flooring in some rooms, all new home windows, window and door trim, new siding, and the record goes on and on.

However from the very starting, we have been decided that we wouldn’t go into debt doing venture on the home. It doesn’t matter what room or what venture I used to be engaged on, we paid for it in money as we went. That made some tasks take longer than we anticipated, however on the massive tasks, it additionally made it extra doable.

The very first large transform I did on this home was the kitchen.

I did that total transform for $10,000. On the time, that sum of money was an absolute fortune for us, and had we employed a contractor and needed to pay that quantity (or half that quantity) up entrance, there’s now means we may have afforded it.

However I did the entire transform myself (with some assist right here and there from members of the family) over the course of seven months. So spreading out $10,000 over seven months made issues sort of tight for us on the time, but it surely was doable.

I’m not going to say that it wasn’t difficult residing by means of the development for thus lengthy, however as soon as I acquired the entire primary “public” rooms of the home completed, life appeared to get an entire lot simpler and rather more nice for us.

As soon as the development was solely being completed in areas that may very well be hidden behind closed doorways, whereas the principle areas of the home may very well be comfortably used and lived in, the home actually started to really feel like dwelling for us.

So wanting again, these challenges paid off. Dwelling for just a few years by means of building, inconvenience, DIYing, and paying as we went alongside, remaining dedicated to not taking over any extra debt to repair up the home, has paid off. As a result of now, right here we’re nine-and-a-half years later, with a phenomenal (to us) dwelling that’s almost full on the (present) inside, and that we personal. No extra mortgage funds…EVER!!

If I needed to do it yet again, I wouldn’t change a factor. I’d nonetheless by a budget 70-year-old fixer higher, stay with the tiny mortgage cost, put that extra cash that might have gone into the next mortgage or lease cost in direction of progressively fixing up that fixer higher with my very own blood, sweat and tears, make additional mortgage funds when the chance arose, and have a phenomenal dwelling and be mortgage free in lower than 10 years.

No don’t get me improper. Once I scroll by means of Instagram and I see these individuals constructing their huge 4000-square-foot homes with their three-car garages with the entire newest finishes and perks, do I discover myself eager for that? Sure, but it surely solely lasts just a few seconds. As a result of it solely takes just a few seconds for me to lookup from my cellphone, go searching my home and what my very own two arms have created, and be pleased about my comparatively modest however stunning dwelling, that’s now a house that we personal.

Addicted 2 Adorning is the place I share my DIY and adorning journey as I transform and enhance the 1948 fixer higher that my husband, Matt, and I purchased in 2013. Matt has M.S. and is unable to do bodily work, so I do nearly all of the work on the home on my own. You can learn more about me here.

I hope you’ll be a part of me on my DIY and adorning journey! If you wish to comply with my tasks and progress, you may subscribe beneath and have every new submit delivered to your e-mail inbox. That means you’ll by no means miss a factor!