Just found the original purchase agreement for our home

[renovation]

We (the wife and I) bought it back on May 03, 1987 for a grand total of $30,000 and a deposit of $300.00 downpayment. Man, did that seem like a ton of money then and our daughter was 5 years old about to start school. I worked in an office while the wife was a housekeeper at the hospital. Now she is a RN and this will be her 30th year there.

After 20 years this house has completely changed. I have added new living areas, rebuilt every wall or removed them, added door entries and removed all the original windows and doors. Also there is no chimney required anymore as I have updated the heating system, put in a 90 plus water heater and added central air. Completed a new electrical system with a modern kitchen less dishwasher (wife doesn't like them). Bathrooms have been remodeled twice. First time we were so broke that when the woman next door did there bathroom, we recycled her tub replacing the footed tub our house came with that sat on wood blocks due to it not having any feet. Then some years later I gutted the bath again and this time I did it totally right with all new plumbing fixtures and wall and floor coverings. Odd part of all this 20 years later and I'm still doing remodeling projects to this house (property).

[kgsilvas]

hence your screen name? Congrats on 20yrs with your money pit. :cheers:

[oblongmelon]

The repairs and upgrades never end do they? Ahhh the pleasures of owning a home lol

[BlueTriangle]

have you had the house appraised. probably be fun to know how much it could be worth. just for kicks

[renovation]

I had that done a while back before the home crash and was told $275,000. Did have a couple of offer a while ago with one being $249.000, but we were not interested in selling at the time.

[Napoleon54]

$30k --> ~$250k is a crapload of inflation. That's a very very poor indicator for our economy IMO.

[Prngr44]

$30k --> ~$250k is a crapload of inflation. That's a very very poor indicator for our economy IMO.

You're not including all the man-hours and material used to update the hell out of it either! :D

[renovation]

in todays market im not even thinking of trying to sell . i still come out a winner on this home .and save a ton on taxs(capital gains ) but why sell if i dont have to. I may unload it if the housing market returns to respectable levels again .in two to 4 years and the wifes ready to retire and we do the big move to florida .