financials

We’re following up on the tax abatment and refinancing and it is looking pretty good.

A city assessor came out this morning to measure and photograph and get a feel for the condition of our house. We just assessed at $109,000 based on the prior condition of the house; we’ll find out how much value we’ve added in a few weeks. We need to have added 20% to get the tax abatement, we need to have added $50,000 to be worth (on paper) the money that we’ve spent.

The refinancing is progressing. The bank did some kind of assessment where they don;t actualy look at the house and said that it is worth $150,000. This is cool with us, we’re not looking to pull out that much. The closing on this’ll happen in a few weeks.