Week 99: Red Balloons

Not to be confused with my blog written week 58 ‘The little boy selling balloons’.

99 Red Balloons… Floating in the summer sky... Panic bells, it's red alert… 

There’s something here from somewhere else… Lalala lalala;

Is a 1983 hit song by German Band ‘Neena’. Don’t ask me why but I always thought it won the Eurovision song contest; however, a brilliant song to say the least. It’s week 99 and my list of works on my current project just never seems to finish. There’s like 99 things left to do and just like the song it’s a red alert as we are not in the clear and can very much lose the house. It seems the renovation is never ending and any donations made from the family just zapped into this money pit. I've had other lists covered in previous weeks and it appears to be lessening but, what do you think? If you don’t like big numbers then look away as the following tackles a fair few digits and where we’re at this precise moment. 

INFLUX:        £11,000 

OUTFLOW:

Refurbishment

  • Final fix electrics £1111

  • Final fix plumbing £4462

  • WC Pump & fit £450

  • Loft insulation £480

  • Garden landscaping £1550

  • Window refurbishment £1890

  • All Painting including 10x doors £2000

  • Carpets £1435 **

  • Furniture (£3300) pay monthly on credit**

  • Rubbish removal, windows/house clean £0 (I will do myself)*

Sub total: £11,943

Other

  • Ascot Bridging Finance 2x default charge of £1280= £2560

  • Lightfoots Solicitors £500

  • Valuation £580**

  • Legal Advice £200**

Sub total: £3060

Total: £15,003

Shortfall: £4003

Note: Any items marked with an asterisk I can pay monthly slowly via credit card. It’s listed here but not added to the calculation. 

It’s proving so stressful completing this project as we are practically hand to mouth and each time we do a particular repair another just comes in place of that. Also, I haven't factored in letting agent fees yet as certain they will foot me a bill to get started. By the time we've finished we would be at month fifteen so keeps dragging and getting dearer & dearer. By no means a speedy project, I'm flat out drained!


The Opulent Team Opulent Proerty InvestorsComment