<< Back to all Blogs
Login or Create your own free blog
Home > From Budget Sieve to Sinkhole

From Budget Sieve to Sinkhole

August 23rd, 2017 at 01:35 pm

Last night we got a call from the bathroom contractor that, while not unexpected, has turned my budget sieve into a budget sinkhole. The toilet in the family bath they’re re-doing has been leaking and many of the floor boards are rotten. All was revealed when the tile came up. That wasn’t too awful, but taking off the drywall also revealed that our ensuite shower—located just behind the family bathroom—was leaking from the dial and had been doing so for some time. The drywall was completely soaked, the joists and lath were rotten through and through. The only real cure is to tear out that shower as well.
The previous bid on that bathroom was way too high for us, so I’ve asked their designer to try to find ways to bring that price down. We could live with the current vanity and sink; the sink is an attractive marble-look Corian, and while the vanity could benefit from a paint job, it’s mostly fine. I’d consider installing some sliding shelving baskets in there ourselves to make better use of the space. But no matter what, it’ s going to be a chunk of change. I’ve been resisting an uber-frugal month, but we certainly need to cinch things in. A tighter food budget only does so much. I wonder if I can find some things to sell? I’d look for extra editing work, but I have a full class load and my evening class from Monday until Christmas. Thinking, thinking, thinking.

7 Responses to “From Budget Sieve to Sinkhole”

  1. creditcardfree Says:

    Darn. That is not fun news at all, but I can understand why it has to be done!! Do you have emergency fund savings you could borrow from? Cut back a little on retirement savings? I would probably only do that one as a last resort.

  2. My English Castle Says:

    We have the money, CCF. I'm just loathe to part with it as I was hoping to cash flow part of the bathroom costs and pay back my EF for the part I've already withdrawn. Ugh.

  3. CB in the City Says:

    Oh my, that's going to cost a lot, but it has to be done. So sorry!

  4. Bluebird Says:

    I completely understand not wanting to part with the money! We've been in your situation several times with our 1929 house. However, it's good that it's been caught now so you can resolve it and avoid future, more costly repairs. Still not fun, though!

  5. snafu Says:

    Tough and frustrating to learn there is serious damage but better to discover the problem in a controlled circumstance than have rotten floor boards give way during an early AM shower, getting ready for a busy day. It's hard to have worked so many hours to accumulate tax paid $$$$ ending in truly 'sunk funds' but no one was injured, serious potential problems were avoided, new beams, floorboards and drywall can be installed. More money can be earned, the future looks bright.

    [Northing like having an unanticipated, truly serious medical issue suddenly jump up and make you realize keeping everyone safe and healthy is much more valuable than mere money.]

  6. My English Castle Says:

    I totally agree, snafu. The 200+lb. contractor was standing on the floorboards today, and both his carpenter and I urged him off. The wood around it was just crumbling in his hand. We just need to figure out the best steps and how to recoup the cash.

  7. FrugalTexan75 Says:

    This sounds like something that needs to be taken care of one way or the other. Glad you found out about it sooner than later.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
Will not be published.

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]