Tuesday, September 16, 2008

I locked in my Mortgage Rate

Yesterday, I decided I waited long enough and I locked in my mortgage rate. I don't even mind to tell you all that it is 5.25% without any points. I also want to remember for later, that this day in history, that was just about the best rate you could possibly hope for. Good things come to those who wait.

In anticipation of a second bathroom

I have a teenager. I can live with one bathroom for a little while, but it would be a tough thing to think about long term. There is a really large second closet that used to be a sleeper porch off of my bedroom and the inspector said it would be a fine bathroom with a little floor bracing under the tub. I've since decided I'd keep everything as close to an "original feel" as possible. Sure, I know there would not have been a bathroom on a sleeper porch, but, I can't think of a better place to put it. It will raise the value of the house immediately, too. So, I've been scanning Craigslist every now and again for a clawfoot tub. I know what I want to pay. I know what I won't pay. I know the "going prices". Seems like a used and unrestored clawfoot tub in decent shape with a little rust, all four feet and no faucet hardware will go for about $350 around here. One in very good unrestored shape would be around $450 or $500. A restored, and painted (professionally) clawfoot will go for $750 to $1000 depending on if it has anything special about it or hardware.

Then you get crazy folks who think their peice of junk is worth $300 even though it has a rust hole in the rim and is missing 2 feet. Uhhh, no. Also, the tub that has spots of rust is not worth $2500. I skip those ads.

Occasionally, you get the guy who wants to get the clawfoot tub out of his garage TONIGHT and at a discount.

That's what I found, I think!!!
This guy wants $100 for his tub in decent shape with only a little surface rust on the outside of the tub (none inside. It has all four feet and has the faucet (not sure if I'll need to replace it though). At this price, I'll be able to get it coated correctly by a professional, or look into what needs to happen to have it restored correctly and I will save $$$. Here's pictures!

And here was the ad:
"I have an antique claw foot tub that im looking to get rid of i bought it a couple years ago with intentions of putting it in my own house we'll it never got put in so now i just want it out of my garage,i paid $275 for it but will sell for $100 or make me an offer and we'll go from there,you can email me at XXXXXXXXXX@yahoo.com
the measurements on this tub in 60 long x30 wide AND 16 DEEP"