Where do we go from here?

This list is what I had put together for the Appraiser.  

PROJECTS WITH MATERIALS ON SITE WITH GOAL TO DO THIS YEAR:

REPAIR/REPLACE 2 STAIRS ON STAIRCASE TO LOFT IN BARN

FRONT PORCH WITH ADA WHEELCHAIR RAMP USING ULTRA DECK GRAY RUSTIC COMPOSITE DECKING

BASEMENT RAMP (POURED CEMENT INSTEAD OF BLOCKS *start date June26th or July 3^rd *AMISH DOING IT) UPDATE. Starts June 26th J is hoping that they get it to the point of putting in the forms by end of Saturday so Hubby can call for cement to be delivered and poured so they can take forms down the following Saturday.

KITCHEN PORCH INCLUDING MAKING IT WIDER USING ULTRA DECK GRAY RUSTIC COMPOSITE DECKING. (AFTER BASEMENT RAMP DONE)

SOUTH UPSTAIRS BEDROOM PANELLED FALL/ WINTER PROJECT *****

INSTALL CUSTOM CLOSET FOR NORTH UPSTAIRS BEDROOM FALL/WINTER PROJECT*****

INSTALL BANISTER ON STAIRS OF NORTH/SOUTH BEDROOMS (AFTER PANELING INSTALLED)*****

INSTALL PRIVACY SCREEN/CUSTOM CLOSET IN EAST BEDROOM. FALL/WINTER PROJECT

INSTALL BANISTER ON STAIRS OF EAST/WEST BEDROOMS. FALL/WINTER PROJECT

INSTALL WALL AT INSIDE BASEMENT STAIRS.FALL/WINTER PROJECT

GOALS:

2021 EARLY FALL HAVE AIR DUCTS CLEANED

2022 REPLACE WINDOWS

2023 ADD INSULATION AND CRAWL SPACE ENCAPSULATION

2024 REPLACE SIDING ON HOUSE.

 We might put the raise the roof on south/north lofts in 2022.  SO what is ***** marked might not happen this year. Instead of putting extra money on the mortgage it would be saved to do that. That would bump everything else by one year.  We could change it to a dormer. That's the top of the roof line with windows. Be best to put it on the west side of area so not dealing with staircase changes.

or change it to a shed dormer

 That would only be raising half the roof line.

Our hv/ac/electric/ plumping guy said it wouldn't be that hard for him to disconnect that area and reconnect it. We would have Amish do the work. Hubby would have to get a permit. HUM. I know it's common to recoupe 65-70% of the cost of a shed dormer...

It would be easier to resell with a dormer. It's a big negative and only considered storage as it is.

Lots of decisions to make of which way to go 

 

appraisal in

We really liked this picture he got. Said it is actually from the road and he zoomed in with his iPhone.

We bought it for $165,000 03/09/2018.

It appraised for $400,000 06/23/2021.

I am glad we both were sitting down when that phone call came. 

We figured $300,000 to $310,000 (we even bet, loser had to do to the other's chores for a week) with putting utilities in along with ADA wheelchair bathroom and ADA wheelchair ramp on deck. Our mortgage guy thought $275,000. 

So I went through the appraisal to see what the boost was from

Stable housing area... there are 2 house in our area for sale... that is it Both were around $270,000 but didn't have the land or barn.  Land WAS going for $9000. acre NOW is at $15000/acre. We have 4 acres more than they did. So $36,000 for the land should have been $306,000 . At $15000/acre it should have been $330,000.

Went from 2 bedrooms to 4... could become 5 if we ever raise the roof line on the north/south lofts and put in a wall. As it was he counted it as ONE bedroom.  We have thought about it as it's like an A frame and we do use it for bedrooms and non food storage(which is moved to the barn for now with thoughts of keeping it there with some metal cabinets to keep mice out of it). 

We have a walk in/out basement with 2 rooms that could be finished into bedrooms. SO the potential of 7 bedrooms is there. 

We have 200 amp service to the BARN so it could become a business or another home. As what we call the 1st bay was actually a studio apartment for the original owner while he built this house. The plumbing for bathroom is there (toilet and shower is not, we capped everything) Sink is still there. We have the water off to it because it's not heated in that area. 

We have landscaped. A dozen trees, bushes and perennial fruits.

SO definitely no PMI as we now have 40% equity in the property.