This was a very frustrating time for us. I knew that we would need to act on the stabilization as quickly as possible once the purchase was completed, but we did not have access to the house to bring through the contractors that we might be interested in. Since we stay very busy with our business in the summer this was not something that I spent a great deal of time worrying about.
Once we owned the house, we had a few things that needed immediate attention. There were no keys to the bungalow, so we had to replace the locks, and we needed to get the security company out as soon as possible. We also had to contact IPL and find out what was required to get electricity to the bungalow. Without electricity nothing could be started on the Horner House without significant additional expense. Then came the overwhelming task of finding a contractor to do the work.
I knew that Indiana Landmarks had looked at purchasing the property for their FLIP Program and obtained estimates as part of that process. (Unfortunately for them, good for us, the estimates came in too high for the fund to cover.) So, I called Chad and asked him who had given them the estimates. I don’t know the history or details, but one of the contractors had been in the house numerous times over the prior several years. By this time, the back wall and floors had been down for months and time was of the essence, so I decided to take a chance and just went with him.
Unfortunately, sometime this past fall our old contractor went out of business. I was unaware that this had happened until I tried contacting him in the early winter when I began feeling better. While this does bring about the issue of needing to find a new company to work with us, I am happy to say that there have been no other problems for us as a result of this situation. We had finished the first stage of the stabilization and not yet begun the second, so even the timing was not detrimental to our project. Now it’s time to leave that in the past and begin our search for someone new.To Be Continued…
Next Blog: Why It’s Not Just a Search for a Contractor