Today, we purchased a plot of land, complete with an abandoned, run-down old house. I’m not sure if I’ll need to tear it down completely, or if it’ll be an extensive rehab project. I’ll find out this weekend when I gain entry for the first time.
It’s been a couple of weeks of waiting for the surveyor to come up with something that makes sense for the property lines. The previous handshake agreements were never documented or registered with the county. Thankfully, the adjoining property owner agreed to the surveyor's findings so we’re able to move things along.
Four years ago I had a vision to eliminate the last bits of remaining debt and purchase my next next home with cash. I’ve had four mortgages now, and I simply refused to get another. If that meant I'd be a renter for a long time, I didn’t really care. I had tasted freedom from debt, and never wanted to go back. I knew it’d require discipline to save the money up front, and settle for “less of a home,” but was up for the challenge.
Simultaneously, I became more aware of all the crap we allowed into our lives, and have moved towards owning fewer possessions. I’m not shooting for Ghandi-like austerity per se, but trying to winnow things down to what’s useful, meaningful or beautiful. Having a small house helps keep things in check by its very nature.
This project is where I get to put my money where my mouth is. It’s in really rough shape... as in uninhabitable. But, I’m excited. It’s either gonna make the best bonfire this neighborhood has ever seen, or will be quite the before and after story.
I’m betting on the latter.
Wish me luck!