Home Improvements

Goodland, FL – January, 2018 January was the coldest month we have ever spent in Florida so it wasn’t appealing to go boating very often. On a few of the nicer days we did boat out in the afternoon and start exploring our new home waters.

We spent one morning in a class offered by the Coast Guard Auxiliary that was devoted to navigating the waters around Marco Island. It was extremely helpful and made us more confident about venturing to some places. We also learned of other areas with too many obstacles that we’d rather avoid.

We spent most of January finishing the projects we had planned for this season on our little house. We had several guests scheduled to visit us starting in early February. We wanted to get all our work done so we could just rest and enjoy their company when they arrived.

On all but the chilliest days the weather was pretty great for tackling outdoors jobs. It was better than our first month here when we tried to get most of our outdoor work done before 11 because it was too darn hot to do much after that. On the coldest days we concentrated on our indoor projects.

For a home that flooded during the hurricane, it had remarkably little damage. A tidal surge had swept through it and reached about ankle deep in most of the house. Apparently it exited quickly though and that prevented the damage from being worse.

The previous owner had cleaned the flood damage really well but had not removed the ruined laminate flooring that was in most of the house. When we demoed the flooring we found a lot of dust and some mud still under it. We were glad to get down to the subfloors so we could get it scrubbed clean and dried and know what we were living with. The plywood below the laminates was in extremely good shape and required no additional work.

We replaced the laminate flooring with vinyl planks. They are very similar to laminates but they are waterproof and, thankfully, they were much easier to install. They look great and are comfortable to live with and easy to keep clean.

The paneling in the master bedroom had wicked the flood water and swelled up. So we had to cut it off and replace it with wainscoting to the bottom of the window sills around the room.

We were prepared to do this in the remainder of the house to clean and disinfect any water damage in the walls. We removed several baseboards throughout the house. Remarkably we didn’t find any others where the water had gotten into the walls.

Other than that the house required very little interior work. I love the paint color the previous owner had used to paint most every surface. I was able to get a custom match at the paint store to paint the new wainscoting and touch up around the house.

Jim had to solve one major plumbing issue. The septic started backing up within a few days of us moving in. He ended up having to dig up the septic inlet and found that it was poorly designed 60 plus years ago with a 90 degree turn into the tank AND that, more recently, the inlet pipe had sunken below the inlet hole and someone had made a pretty crappy (pun intended) repair.

He did the right thing and dug up the whole area so he could raise the pipe and add several 45’s to replace the 90. He also added a cleanout which doubles as a place to dump our RV. The good news is that it didn’t end up costing much to fix. It just required several days of hard work and sweat.

We found some other poorly plumbed items in the house, like drains that were just stuck together and not even glued. But other than the plumbing, we have been extremely happy with the quality of workmanship that went into the house before we owned it, like the beautifully tiled shower.

FEMA had tarped the entire roof after Irma but there were no signs that it had actually leaked. In late December we finally removed the tarping and decided it could be repaired which was a huge relief. The before picture is of the worst half of the roof. The after picture is of the other side which had much fewer missing shingles.

We spent a good part of 3 days replacing damaged roof tabs and filling a gazillion holes from the nails used to hold the tarps down. It’s not beautiful but it hasn’t leaked and it’s such a low pitched roof you can’t see it from the ground. The color of the new tabs will eventually blend with the old as they weather.

Most of our budget and effort went into the backyard and the dock. One of the very first things we did was have a hot tub delivered. More than anything about RVing we miss our hot tub. We looked for used ones but couldn’t find a good deal so we splurged on a new, two person tub.

We covered an uneven back porch with a deck.

The palm tree scene on the left is a privacy/sun screen. The south facing back yard can get brutally hot. We recovered the old dock with new decking and enlarged it slightly.

Then we joined the two with a boardwalk and covered much of the back yard in gravel.

Finally we added some decorative lighting.

I’d guess we are about halfway done with everything we hope to accomplish on this home. But the remainder of the projects can, and likely will, wait for next season. As far as project homes go this one is probably the least amount of work of any that we have ever bought.

There are a couple things I feel obligated to pass on in case anyone is considering such an investment. First: I think it is unlikely that you could find anyone to finance such a property. Despite its upgrades, this home is essentially a very old manufactured home that does not qualify for any traditional financing.

We were lucky to have a line of credit (LOC) set up with some of our rental properties as collateral. We arranged it to finance our flip house last season and since we sold it, the LOC was just sitting there. So we were able to make a cash offer and close in two weeks.

Second: We were barely able to insure the property. At first, I wasn’t very concerned about this. The land is worth the majority of what we paid for it so if it burned to the ground we felt we could recover most of our investment anyway. Only later did it dawn on me that no insurance meant no liability insurance, now that would be just plain irresponsible to go without.

I checked with a couple local agents and it wasn’t looking very good. Thankfully I have the majority of my rental properties insured with a real estate investment group and they were finally able to cover the home with a basic policy that will cover fire and, most importantly, provide liability coverage. It does not include hurricane or flood coverages though so, fingers crossed!

We Bought a House, Again!

Goodland, FL – November-December, 2017 We were pretty sure we were going to invest in another home in Florida this year. We had several possible scenarios we were considering: another flip house, a rental, or a home of our own. Once we got the boat, a waterfront property was our primary focus, one we could stay in or near and work on this season while enjoying having the boat out the back door. What we decided to do with it at the end of the season (sell it, rent it, or keep it for our use next season) was moot as long as it was a good deal.

We spent some time looking north of Bonita Springs in the Cape Coral area. We found some really good possibilities there but for some reason we just couldn’t get excited enough about any of them to pull the trigger. I don’t think we’ve ever bought a house we weren’t crazy excited about so we procrastinated and didn’t make any decision at all.

Mid-November, when I was almost recovered from what I assume was the flu, Jim asked if we could take a Sunday drive to a house he had seen on Zillow. He had saved it to his favorites list when he first saw it for sale last summer (yes, we were trolling Zillow for homes in Florida while we were sitting in the mountains of Colorado). He was really taken with the property although it was way more than we wanted to spend at $235,000.

In October, post Hurricane Irma, he received a notification from Zillow that the home’s price had decreased almost $75,000. He was curious to find out if it was totally demolished by the hurricane or just what exactly would justify a price drop of 75 grand! So we made the one hour drive south to Goodland, Florida to check it out.

We drove by and couldn’t see any obvious signs of damage. We called the agent and after some back and forth were told she could show it in about an hour. We had come out this way last year to check out real estate and although the property we looked at was disappointing, the area was awesome.

We finally met the agent just after lunch and were really excited by what we saw. The house had flooded during Hurricane Irma, but the damage was fairly minimal. As is typical for us, we toured the property for a whole 20 minutes and then made an offer. We made a strong bid and hadn’t left ourselves a lot of room to negotiate so we were really pleased when our original offer was accepted with no haggling.

So here is our latest investment. Most of these pics are from the listing. I’ll share my after photos with you in a later post. This is what we got for $150,000.

The house is a 1950’s single-wide trailer with a 12 x 16 foot addition which is used as the master bedroom.

Then, sometime in the 90’s, a 12 x 21 foot lanai was added. It was later finished out and is currently a great room large enough for living and dining.

Eventually a roof was installed over all three sections of the home. The total home is small, just like we like it at 700 square foot.

The trailer has been completely redone and even though the tires and axles are still under it, it was totally overbuilt and you cannot feel any movement when walking in it. It consists of a relatively large kitchen:

A bath (yep, that is a porthole):

And the original bedroom. The last couple occupants used it as a closet. A 10 x 8 closet! I don’t think so. We’re calling it a second bedroom and will likely put a double bed in it for guests in the near future.

The lot is also tiny at just under a tenth of an acre or around 4,000 sq. feet. In fact, when one of my relatives first heard that we had bought a place in Florida with 4,000 sq. ft. their first thought was “what the hell are they thinking buying a house that large?!” Later they realized that was the square footage of the entire property, not the house, which made a lot more sense.

There is an outbuilding for tools, extra storage, AND a washer/dryer.

The best part about the property is that, though small, there is plenty of room to park our 5th wheel in the drive.

OK, maybe not the best part. Did I mention there is a canal out our back door?

The yard and dock need the most work.

I am looking forward to sharing the improvements we have planned when they are finished.

You may be wondering “Is this it? Are they settling down?” The short answer is NO. We definitely plan to enjoy this little slice of paradise this season and next. After that we may sell the place or we may rent it out either seasonally or annually. Decisions, decisions,…!