We bought a building. It's a commercial building where I will be able to move my studio to the first floor and we can live in the apartment on the second floor.
I feel very fortunate to have been able to secure funding through an organization that helps regional small businesses. I was turned down by traditional lenders back in November, which opened up the pathway that ultimately worked out.
The building is unique, over 100 years old and moderatly well maintained. The floors are wildly uneven in some areas and I will have to consult with professionals over the years to repair some issues which will help prevent further settling.
But after getting booted from my apartment of many years for "remodeling" then living in an office for over a year, it's a very good feeling to "own" somewhere which has running water, a kitchen, and storage space. We have our own shower and bathroom!
I don't know exactly how long before we can move in, there are a fair number of projects I'm in the middle of attending to, but hopefully by the end of the month the majority will be taken care of and I'll have both the studio and living spaces ready.
I've done about two weeks of work in the last 7 days, so the progress is moving along a little quicker than expected. I'm sure the actual big projects won't feel so smooth or quick though. But I'm hoping I'll be able to get contractors scheduled out and everything will be underway for the big repairs.
If anyone is looking to buy, in some cities commercial mixed use properties are in less demand than single family homes, it might be worthwhile to look at that as an option. Our spot was for sale for a few years and the seller was ready to be done with it. In some instances the bubble is deflating if you get creative or think outside of the house box. Good luck everyone.
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