After a one-month stay at our Lake House renovation project in Fairmont, Minnesota, we’re hitting the road again! We’re on our way to San Diego, California… via Virginia. So, what would have been a straight shot of 1,800 miles will instead be 5,000 miles. What a ride! Yee-haw!
It wasn’t easy to leave behind a massive renovation project but my mom wanted to hit the road before the first snowfall (which is forecast for this Friday).
About Our Lake House Renovation
A little bit of background: my parents bought a lake home in southern Minnesota last year. The goal is to have a place to stay near family as needed and then primarily use the house as a vacation rental property.
My parents purchased the property in July 2016 for $250,000. The list price was $279,000. The house needed a total renovation. Built in 1949, it had had no updates (other than the roof, some windows, paint and carpet).
It is a typical 1950’s ranch style house with lots of small rooms and a long, narrow hallway, almost like the one from The Shining. The selling points were the location on a large lake, a large picture window in the living room overlooking the lake, and 5,000 square feet on a half-acre lot in town.
My parents plan to spend about $125,000 to complete the renovation which includes a new kitchen, dining room, and master bedroom and bath.
In-town, upscale lake homes in Fairmont, MN fetch a selling price of around $450,000, so we plan to make a small profit when we do sell the property.
While doing the renovations, we live in the COW (condo on wheels), which is parked next to the house on a temporary gravel driveway.
During the fall of 2016, my parents had support beams installed to stabilize the basement walls and added central air conditioning, two necessary projects that aren’t sexy and cost a lot of money. They also gutted the property (not the basement) to remove the musty carpeting and sub flooring on the first floor and then tore down the walls in the kitchen and dining room. That was sexy.
After spending Christmas with family in blustery, snowy Minnesota, they hit the road for warmer weather in Texas. I’m happy to say they stopped at the Humane Society in Waco, Texas and that’s where we met! You can read more about me on the About page.
Back to Minnesota
When we hit Minnesota in April 2017, Dad immediately jumped into the house renovations.
It was fun to watch Dad put in the cabinets, tile flooring, and silestone countertops over the last few months (he had to take a two-month break while we took a trip to the Pacific Northwest).
On the Hunt for A Bigger COW and Another Investment
Now we’re on our way to see family and friends across the midwest, and the east and west coasts. Along the way, we’ll stop at a few luxury RV dealerships to check out some 45-foot COWs. CoCo needs more space than our current 40-foot cow and mom would really like to have a stack-able washer and dryer. A COW, just for the record, is definitely NOT a good investment.
To ensure our revenue stream continues, we’ll also be looking at a few real estate properties in Tucson, Phoenix, San Diego and other warm towns along the way.
It’s going to be a busy six months! I hope my mom is so busy she’ll forget to do my leash training.
Hey, leave a comment: Tell me about your renovation projects! Or ask questions about ours! But let’s not talk about leash training, okay?