I’m a real estate junkie. I love houses and I’m nosy about them, too – especially ones that I like. But I knew Tett House was gone and I had to find a new favourite, even though I knew I would never see another house with that kind of charm and magnetism.
Just over a year ago (mid-January, 2017) I made a cup of tea and casually logged onto realtor.ca to stalk houses look at listings across southern Ontario. I had no way of knowing the GTA was just a few weeks away from an unexpected and precipitous boom in the market.
After entering and adjusting my search parameters, a group of random homes popped up and among them, I was astonished to see once more the listing for MY house… that beautiful but unfinished yellow house on the hill. The house I thought was lost and gone forever, sold to other people who would never, ever, ever love it the way that I already loved it.
Tett House had found me – again.
I still remember the significance of this… the thrill of realizing this was more than just a coincidence. The house was practically throwing itself at us. (If you haven’t already, please go back and read Part 1, Part 2, and Part 3 leading up to this point, so that you can understand the significance.) I had actual goosebumps. Our family was at a crossroads, and this was clearly a signpost. Moreover, additional work had been done on house, and, miraculously, the price had dropped. How many more times did I need to be hit over the head with this? Obviously, zero. But the question was, how many times did Trevor need to be hit over the head?
Turns out it was zero for him, too. After emailing him the latest listing, he suggested we make a trip out to see the house together… with our son, Oliver. This was getting serious. We contacted the realtor and made plans to drive out and see it that very weekend.
Oliver playing in the secret staircase.
All in all, I think we visited the place three times within a span of 6 weeks. The first time was to get Trevor and Oliver’s approval – check. The second time, we brought a contractor. The third time, an inspector. It was imperative to both Trevor and I that we fully understood the scope – and cost – of the renovations required, and any potential issues affecting a house over 130 years old. Our biggest hesitation hinged on having the budget to make the necessary repairs.
It was pretty much as we expected. The house needed to be completely re-wired. It needed insulation, plaster and drywall repair, and other cosmetic updates. There were no laundry facilities, so we’d need to plumb and convert one of the tiny upstairs bedrooms. And it needed all new appliances, as there were none currently in the home. The fieldstone basement had been my biggest concern, but the inspector declared the foundation solid and well-supported, although it needed to be better sealed against mice and other critters. The oil furnace wouldn’t need replacing for several years, and the oil tank was new. In fact, the bathroom and kitchen reno’s, the roof, the fence, the septic tank, the well and water filtration system were all new. We were nervous and intimidated by our own daring, but also vastly encouraged. This is how the house looked when we visited:
In between these visits, the stars in their courses were aligning and three very important things happened:
1) Our realtor took a sample of water from the house and sent it off for testing. It came back as excellent in quality and very safe to drink. (Remember this.)
2) I decided to contact Barry, the man who owns the Mill across the pond from Tett House. I reached out to him sort of impulsively, thinking he might have information about the property that we would find interesting. Remember this, too, because boy, was I ever right. Connecting with Barry ended up being an excellent argument in favour of following your gut instincts.
3) Our realtor friend contacted us. Several months earlier (out of the blue) she had offered to conduct an appraisal of our current home. At the time, we had been very satisfied with the figure, and filed it happily under “Things That Are Good to Know.” Now she was calling to say that the assessment was no longer valid. Unusual changes were happening with property values in our neighbourhood; in only four months, our home’s selling price had increased by an additional $100,000.
So, what I had initially thought to be a polite little signpost was turning out to be a goddamned billboard with flood lights and flashing neon arrows saying, “THIS WAY, YOU STUPID *FUCKING* MORONS.”
The Universe had our attention. We were listening. We met with our bank manager. He said, “You’ve got this,” and took us to the cliff edge of our financial destiny.