So I am writing this post from a coffee shop in North Bay. I flew up here yesterday for work and now I have a few hours to kill before my flight home. What better way than with a blog post? I also plan to head down to the water for some dinner and then to the airport to watch some Bones before my plane leaves. I’m bummed I won’t get to see the girls before they go to bed but I am appreciating this time I have to myself!
On to the post…
Back in June, I talked about our potential renovation plans. We were looking into the prospect of putting a second storey on our bungalow to increase our living space. Unfortunately, the project was going to be much more costly than expected. For right now, the $400,000 price tag (after all of the necessary construction, finishing and city fees) wasn’t going to work so we had to rethink our plan.
Instead of a topper, we have decided to do some renovations in our basement. We currently have a finished basement but we rarely use it, which is unfortunately considering it doubles our living space! The main issue is that we have water come in whenever it rains. No puddles, just general dampness in the back corner, but it is enough for me to be concerned that there may be mold behind the walls. I don’t want the girls being down there if there is a chance that it isn’t safe!
Our new reno plan has 3 phases:
Phase 1: Fix the water issue via external waterproofing and a sump pump
Phase 2: Replace the drywall where there’s water damage and replace the carpeted floor with laminate
Phase 3: Turn the laundry room into a laundry/bathroom combo complete with a stand up shower
Now for the budget piece of it all… we’ve been in touch with a few different companies and contractors to get some quotes and we are looking at about $35,000. Much better than the $400,000 for a second storey and even cheaper than the $50,000 I had budgeted.
Here’s the approximate breakdown:
Phase 1: $7,500
Phase 2: $12,000
Phase 3: $15,000
We are in the process of signing on with a waterproofing company and we’re hoping to start that part of the project in about 6 weeks. I’m so excited and I’ll be sure to keep you guys updated on our progress!