Lofty Let Downs

A week after our offer was accepted, we got news. Bad news. The apartment that I had already started virtually furnishing was going to be really hard to finance. Apparently, the condo association that covers the building of our condo and the building next door hd not one, not two, not three but FOUR lawsuits pending against it. I mean, really?!?

So this was a surprise, but not really... When I first googled the property, one of the top results was this lawsuit from two years ago, but I had assumed that it had been settled in the last two years. Just to double check, our realtor called the management company, the listing agent and everyone she could think of before even showing us the place and no one returned her call. So our realtor showed it to us and we went back a second time with her and the listing agent, and we asked her point blank about the lawsuits and the listing agent told us it was no big deal and that she didn't know anything about it. Really, lady? UGH.

Then we fell in love, made an offer, signed a contract and a week later, we got news that our broker (and the broker that our realtor usually works with) are struggling to find us a loan because of these freaking lawsuits! We crossed our fingers and waited... and finally got a definitive answer: unless we could double our down payment, we were out of luck.

Bye Bye, Loft of my Dreams

After all that effort and over month of house hunting wasted, we are going to have to start all over again. No one told me that this would be so emotionally draining!

Making an Offer They Couldn't Refuse

We narrowed it down to the short sale townhouse and the gorgeous loft in the Nabisco factory that evening and immediately scheduled a follow up at both places for the middle of the week.

I think that in an attempt to sway the tables toward the loft, I had imagined the townhouse much worse than it was. The floors needed to be refinished and the paint was still bad, but the kitchen was workable, at least for now. We did have to weigh that there was no association to be responsible if the roof collapsed after a storm or to shovel in the winter and that we had to pay for all utilities ourselves. But man, it still was an (inconvenient) steal!

Looking at the loft again, we met with the listing agent and she told us pretty mug exactly how much each and every upgrade cost like "this is a $50k kitchen!" and "the professional paint job was $5k alone!" Is it terrible that a part of me wanted to be like "that's nice, I assume that's why it's so expensive??" but I held my tongue and fell in love with the loft even more. Sure, the association fees were nuts, and the master bedroom didn't actually have a window, but I wanted to live there so badly I could taste it!

We spent the night looking at our pros and cons lists and trying to devil's advocate our way out of the loft, but in the end, we made an appointment the very next afternoon to make an offer on the loft! Since we needed them to cover closing costs, we went in about 11% under asking with 3% back to cover closing costs and after three rounds of negotiations, settled on 8% under asking with $6k back for closing costs.

OMGeeeeeeeeeeeee!! We were under contract on a condo!! After one of the most exciting voicemails of my life, we set out to find lawyers and an inspector to get this show on the road.

Dear adulthood, here we come, ready or not!

A Second Try

With eight properties under our belt, we waited a couple weeks and headed out for our second adventure into real estate. We had earmarked a few more non-traditional units and even a couple that were further from our ideal neighborhood just to mix it up a bit.

First up was a 2 bedroom and 1 bath duplex loft in Bucktown. We really wanted a two bath, but this place had not one, but two outdoor spaces including a yard! It wasn't as spacious as the loft we'd seen previously, but the unit was well below our budget by 15% and it included parking, so we needed to keep it on the list. The yard and open floor plan we're obvious pluses, but the small bedrooms, access to the yard via the second bedroom and the single bathroom kept it from being a shoe-in. We were definitely going to keep it in mind, though!

Living Room/Dining Room/Kitchen on the top floor of the Duplex

Master Bedroom on the bottom floor (No door, though)

The AMAZING Backyard

The One and Only Bathroom

Next on the list was another Three Flat style place that I was convinced we'd love. The location in Wicker Park couldn't be beat and the finishes were really great... But we couldn't love it. Maybe if it was prices lower or maybe if the place was bigger or different or any number of things. For some reason the granite counter tops and beautiful stainless steel appliances weren't making our hearts go pitter patter.

We ended up being stood up at the next unit, so we took a quick coffee break at Bleeding Heart Bakery, a local bakery known for it's alternative baked goods like vegan cupcakes and gluten-free pastries. Baconator was even able to get chocolate covered bacon! Let me tell you, a little fuel goes a long way.

After we were well caffeinated, we were off to what was sure to be the gem of this outing. From the photos it was modern and immaculate and all the things dreams are made of. But we got there and there was no key in the lockbox because some other realtor was overstaying their appointment. So we waited. And waited. And waited. Then we left.

Our next appointment was over in River West and it was nice. It was a corner unit, but the second bedroom didn't have windows, despite sharing a wall with the outside. The kitchen was gorgeous, but I could sit and eat my morning cereal while listening to the sounds of cars honking during rush hour on the Kennedy. That's how close it was to the highway. Don't get me wrong, the view was phenomenal and every finish had been upgraded, but you know what they say: you can change everything but the location. So with some words to the listing agent about the place being priced too high, we were off again.

Love this Kitchen and Living Room space

Gorgeous Master Bath

How can you not love this deck and view of the city?

Next up was a property that our realtor filed under "Outside the Box" in our MLS search: a short sale townhouse in Ukrainian Village. We walked in and were immediately taken aback by the amount of space our budget could buy. The place was four stories, had an attached garage 3 bedrooms, a den and 2.5 baths plus tons of outdoor space! So walking through the unit we kept talking about how great the opportunity was; sure the floors needed to be refinished, every room needed to be repainted, that bathrooms were tiny and we'd certainly need to gut the kitchen, but man, we could own a townhouse... (even if it is a bit far from everything)! So with a place that fit our 10 year plan under our belt we were off to the next batch of places.

The living room... just imagine it empty and dark and worn

The master bedroom is pretty big, but this GIANT bed makes it seem cramped

The roof deck!

Once we got to West Loop we headed right into a building that was once a Nabisco Biscuit factory that had been renovated to become lofts about 15 years ago. I legit think you could hear our intake of breath when we walked in. The place had 18 foot ceilings, a true chef's kitchen with a dreamboat refrigerator, a gorgeous master bath with brand new everything, TWO closets in the master bedroom including one walk in, exposed brick along the entire right side of the apartment, floor to ceiling windows, a private patio and a space for the Baconator to call his own with its own bathroom. I think I might have thrown out the word love as we walked around. The biggest drawback? The places was at the top of our budget and had assessments of $523 a MONTH! That's a lot of money to be paid to the condo board and not our hypothetical mortgage.

Love this kitchen. Straight up Love.

Beautiful Master Bathroom

This place had a living room that went on for dayyyyyyssssssss

Fab Patio!

Last, but not least, we headed back to the unit that we couldn't see earlier since another realtor was holding the key hostage. This two bedroom, two bath was pretty much phenomenal, well, except for the fact that it was on the fourth floor of a walk up. Seriously, I would have moved into that place in a heartbeat if we weren't planning on having a child or two while living there. I can't imagine carrying a child and stroller and groceries up those steps after a long day at work. My thighs burn just thinking about that. Oh, but that apartment was amazing...

Amazing Living Room

I dream about this kitchen

Jumbo Master Bedroom

 So we had lots to think about. The front runners were the duplex 2 bedroom and 1 bath, the townhouse and that loft with the dreamboat kitchen. This house hunt is getting pretty real!

Our First Time

To prep for our first trip out to see places, the Baconator created a very thorough survey and rating scale to assess a home's qualities like the size of the master bedroom, the amazingness of the kitchen, the "hot tub readiness" of the outdoor space and more. At 9:30 one Sunday morning we were picked up in Alley's Volvo and were off to start this new adventure.

The first couple places we saw were in a pretty standard Chicago style. I'm not sure if three flat is the right term, but they were set up such that there are 3-4 units a building with each unit taking up an entire floor. The set up results in a long apartment with the living room at the front flowing into an open concept dining area and kitchen. Directly behind the kitchen is the 1st bedroom, then the first bathroom, then the master suite and a rear deck. We saw four different versions of this style in three different neighborhoods and while we're were wooed by the granite countertops, stainless steel appliances and the gleaming wood floors of each place, none of the really spoke to us. They were too... bland.

This is what I'm calling a Three Flat - You can find them all over Chicago

Sample Layout of a Three Flat

A gorgeous kitchen in a Three Flat

Pretty typical Three Flat Living Room and Dining Room Set up

Next on our list were five untraditional units that we were checking since they semed spacious and interesting online. We saw three duplexes and two of them had to be vetoed right off the bat because the rooms were just odd. One had a little yard which was awesome, but the rooms were all triangular. No thanks. The other had a hot tub on the roof deck, but the master bedroom was at the top of the stairs with a mini wall and no door! Despite the Baconator's excitement at the hot tub, it went into the no pile for it's bonus room styles master and all the heating/cooling appliances would need to be replaced soon.

The final duplex was more promising; it was located in our ideal neighborhood, Wicker Park, was a hop skip and a jump from both the grocery store and the train and the rooms were big! Sure the kitchen had a weird set up and the two bedrooms shared a bathroom on the second floor, but the price and location were really tantalizing. Finally, we had a keeper!

Weird layout... but so CHEAP!

Next on the list was a loft a bit further north in Bucktown that had a great layout and a walk-in closet that I literally danced in and a master bedroom that dreams are made of. The kitchen still had 1999 counters and cabinets, but it was really big with tons of counter space and overlooked the side by side dining and living rooms.  I was a really big fan of it, but the Baconator was cranky about the amount of private outdoor space. Nonetheless, we has a second apartment on our consideration list!

So wide, so open!

A master bedroom so large we could do cartwheels!

Last on our list was a great apartment in a quite, but somewhat industrial part of town that had a deck the size of many studio apartments in New York City. Apparently, the designer of the building was also a realtor, so she took into consideration all the things that people look for when buying an apartment. The kitchen was spacious, the master bedroom had so much light and the entire place had every finish we were looking for without feeling cookie cutter. We had another one for for our list!

Marble kitchen with stainless steel appliances!

Legitimately light flooded master bedroom

With 3 units on our list, we sat back and checked out more MLS listings to see the following week. We were finally well on our way to finding our first place!

Wordless Wednesday: Post-Op Puppy Tee

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