Daily Archives: June 28, 2011

Or a Two Year Plan?

We’ve been having some discussion about our Puerto Rico plans and we would definitely like to move there more quickly than not. We’d rather be planning our escape to Rincon in the next 2 years than in the next five years. But in order to do that we would have to change some of our goals. The most obvious that jumps out would be for us to keep the main wooden house and “just” fix it up.


There is a certain quality (dare I say potential) about it that  makes it hard to take down

This would probably save us $120,000 and 2-3 years of time if we didn’t have to tear down/construct anew. We could have a maximum budget of approximately $30,000 and do the following in order of importance:

-New roof -est. $5,000
-New decking -est. $4,000
-Build another bathroom/laundry room that connects to the side deck so that we would have a main floor bathroom -est. $4,000
-Build a master bath in the upstairs bedroom -est $4,000
-Put in mold resistant drywall -est. $2,000 installed
-Remodel the kitchen with new fixtures etc –$4,000
-Install hurricane resistant picture window to provide ocean view from upper/master bedroom – $1500
-Paint exterior/interior –$1500
-Refinish existing wood floors –$1500
-Completely remove the outside bathroom that is located on the oceanside deck –$500

Total: Appx $28,000 =Pretty good! -These numbers have some cushion built in, but that’s always good to have when planning a remodel/constructing anywhere let alone somewhere that we are unfamiliar with.

Then at some point after we were living there we could also enclose or make a living area out of the lower part that is currently being used as parking under the house as well.


View of the house from the road

I think with this budget we could get it to look pretty sharp and feel much more open/inviting. It’s not a huge house so it would be fairly “easy” to do. I suppose all of our rental remodels make it seem somewhat less daunting than it would be for most anyone else.

We would still like to fix up the existing cabana and build 2-3 other cabanas that we could rent out to tourists or locals. And then possibly build a pool or do other projects. I think the pool we would do after we were living there though.

I am really happy that we have bought the property. So many new opportunities start opening up in front of us. It’s a really cool feeling.

Here are a couple of videos of both the houses on the property. It kind of gives you a better feeling for the layout of the land and structures as they currently stand. Enjoy!

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