A few weeks ago we saw a place that we liked enough to put in a bid on. Sadly, we got outbid: foiled by the selling agent's utter apathy and incompetence, which caught our agent Rhonda by surprise. (A sample: when you're selling a condo there are certain documents you're supposed to have available, such as strata bylaws, council minutes, a depreciation report if one exists, a list of recent or upcoming major work on the building, that kind of thing. Dude had none of those, and in fact said to Rhonda "hey... i see you bought a unit in this building earlier this year, so you must have copies of the strata documents, can i have those?") I'm still a little bitter about that but mostly over it. The bylaws technically only allowed for one cat, and it looked out over an occasionally busy street so noise would have still been an issue. Oh well.
Earlier this week I walked the couple of blocks from work to take a look at another unit. It was ... questionable on the inside: awful paint and wallpaper, some old water damage, and carpet and applicances that look like they went in with the building thirty years ago. (The microwave over the stove has big clicky pushbuttons and no turntable.) I liked the layout, though, and the roof deck, and the fact that it cut my commute by an order of magnitude.
Last night
uilos and Rhonda and I went out for a closer look. Rhonda pointed out a number of things that basically amount to "this is a fantastic investment property": the roof deck has a great view of downtown and the mountains, the location is spectacular and will only get better in 5-10 years when the Broadway skytrain line comes in, and the cosmetic damage can be dealt with for substantially less than the likely appreciation value of the property. They both noted some additional hopefully-old-and-only-cosmetic damage.
uilos also pointed out the lack of storage space, and the tininess of the kitchen, which I had missed in my amazement at the thirty-year-old appliances.
uilos was understandably not thrilled with the prospect of having to do, or pay someone to do, an awful lot of work on the place. I wasn't happy with that myself, but the fact that the layout worked so well, together with the commute, meant I spent much of the evening trying to talk her into it. We went round a bit, and realised that the strata claimed to have a gas line running to it so the useless wood fireplace could probably be retrofitted to gas after all, and decided to sleep on it.
This morning she said "I've been thinking about it and I can make everything work except the kitchen. There's no possible way to get enough space in there."
I thought about it for a few seconds and said "Crap. You're right."
The unit's a townhouse, which as near as I can tell is Canadian for "apartment with stairs." The floorplan shows two levels but each of those is cut in half by a three- or four-step flight. One of these semi-levels consists of the kitchen, dining room, and balcony. There's no way to make the kitchen any bigger without cutting into the middle of the dining room, and there's no way to get additional counterspace or cabinet-space or pantry-space without embiggening the kitchen.
It is, I am telling myself, just as well. I'd really rather not spend down my entire retirement savings to date on making my house livable, and I'm not 100% sold on the area. And in spite of the cosmetic damage we'd almost certainly get outbid anyway.
Be nice to not have to look at places anymore, though.
Earlier this week I walked the couple of blocks from work to take a look at another unit. It was ... questionable on the inside: awful paint and wallpaper, some old water damage, and carpet and applicances that look like they went in with the building thirty years ago. (The microwave over the stove has big clicky pushbuttons and no turntable.) I liked the layout, though, and the roof deck, and the fact that it cut my commute by an order of magnitude.
Last night
This morning she said "I've been thinking about it and I can make everything work except the kitchen. There's no possible way to get enough space in there."
I thought about it for a few seconds and said "Crap. You're right."
The unit's a townhouse, which as near as I can tell is Canadian for "apartment with stairs." The floorplan shows two levels but each of those is cut in half by a three- or four-step flight. One of these semi-levels consists of the kitchen, dining room, and balcony. There's no way to make the kitchen any bigger without cutting into the middle of the dining room, and there's no way to get additional counterspace or cabinet-space or pantry-space without embiggening the kitchen.
It is, I am telling myself, just as well. I'd really rather not spend down my entire retirement savings to date on making my house livable, and I'm not 100% sold on the area. And in spite of the cosmetic damage we'd almost certainly get outbid anyway.
Be nice to not have to look at places anymore, though.
no subject
Date: 2016-09-24 07:57 pm (UTC)I'll be out for an interview on the 7th but probably won't have time to meet up, but I'll wave in your general direction while I'm there ;)
no subject
Date: 2016-09-26 03:43 pm (UTC)Enjoy your superfast trip through the San Francisco of Canada! :) And feel free to ping me should you discover you've got time.