So, here is the unveiling of our wonderful little hidden gem. We only had $130,000 for a loan to work with and I found this HUD house, made a bid and God was kind, no one else bid on it that night so in the morning we were proud parents of a poor, neglected and abused home. It had been abandoned for years and housing squatters. It had some funky energy and smells, to say the least. But with some of our savings, lot’s of scrubbing, soap, paint, and planting of trees and gardens…it is back to a wonderful life housing a loud and fun family.
We purchased the house for $135,000, closing costs were $9,000 and all the work and supplies along with hiring Leo, our carpenter, was around $15,000 give or take. Total $159,000. We used savings that came from 6 years of frugal living and we still have some savings left. Our mortgage with insurance, taxes and MIP (mortgage insurance you must pay if you didn’t put 20% down) all included is a fabulous $918.02! It took us 6 weeks to do the work with Leo working daily and my husband working after his job each day and his one day off.
Here are the rest of the before and afters.
The color is wild but it’s hard to see from those little swatches what you will really get.
It still needs a little work here and there. But this is the main chunk of the progress. I look forward to seeing how this little house evolves over the years.
For those of you interested in getting out of debt and living a more frugal lifestyle for peace of mind and real freedom in life, check out my new book The Homemade Housewife. I have every tip and advice that I have learned over the years from hundreds of other frugal hens and applied. This frugal living was the only way we were able to purchase our first home because we live on one small income and have 4 humans and 3 furry family members to take care of.
So, if you want to get motivated get this book and have fun with the journey. It cost less than a cup of gas station coffee. I want everyone to have the joy and freedom I have found in living sustainably, frugally, and simply.