Tag Archives: covington

Location, Location, Location…

Posted on by

The old saw of the real estate trade is that the only three things that really matter are location, location, and location. Not surprisingly, it’s the issue that my own decision has come to hinge upon.

Houses in the town of Covington can be divided roughly equally into two groups… those that have been either refinished and maintained over the years and those that are about to fall down. The line of demarcation between the two is stark and you will know immediately when you’ve passed over it. The house I’ve been toying with is close to that line… very close. The house I have been looking at is on a corner lot on one of the town’s main thoroughfares… make a turn onto one of the side streets and by the time you reach the end of the block, you’ve crossed the line… That’s how close it is.

Plenty of people, especially here in the south are going to say it’s a racial thing, but you’re going to have to take my word for it that it’s really not. Living in Howard County for so long has basically given me a level of ambivalence about who or what lives beside me as long as they leave me the hell alone. The reality is, however, this is still the South and that is a consideration I need to make when thinking in terms of ease of resale when the time comes to move on or up…

I suppose I could always build a giant privacy fence, put in a top-notch security system, ignore the neighbors down the block, and just pay attention to the amazing Georgian across the street…

This old house… again…

Posted on by

I don’t know what it is that makes me stand in the center hall of an turn-of-the-century house, knowing the back third of the foundation is currently being held up by jacks, that the back porch is quite literally in danger of falling off, and that the entire second floor joist system needs reinforced, and think… I can fix this.

Sure, the place has 16 foot ceilings on both floors, bedrooms that have more square footage than my apartment, and a room downstairs that screams to have floor-to-ceiling book shelves installed, but it also has a bathroom in what should be the butler’s pantry, walls where doors should be, and a kitchen upstairs in what, apparently was once an apartment…. And then there is the location… on the old maple-lined main street, in a neighborhood that has been placed on the National Register, a block from the town square and it’s hundred and fifty year old courthouse.

The asking price is low, in part because of the work that needs done… not quite a gut-job, but close (kitchen, bathrooms, several walls, etc. need go, second floor needs to be reinforced)… but also because the old lady who now owns the place wants to sell to someone who will bring her childhood home back in line with the rest of the neighborhood. The price is low enough, actually, to probably do $100,000 restoration and still be safely inside the margin if I had to resell within a few years.

I know I can bring the fiduciary resources to bear, but can I bring the time and patience to live in a construction zone, with a microwave, hotplate, and “hand shower,” while the contactor guts the electrical, bathrooms, and kitchen, does the structural work, and gets everything to a point where I can do the finish work?

It’s a hell of a project… and could be a hell of a house. Of course I could buy one of the smaller places in the same neighborhood that have already had the heavy lifting done. They wouldn’t quite be in the same “prominent” place in town, but still in the historic district… and more or less ready to move in.

The handwriting is pretty much on the wall that I will be moving here in the next six months and I think I have settled in on an area that could easily be home. Now I just need to stop looking at home improvement pornography and figure out what I can realistically accomplish.