My buddy and I weren’t quite sure what to do with it
My partner and I got a bit carried away with our plans to build a home. My buddy and I overpaid for a piece of house with a view of the St. Johns River in Jacksonville, FL. My buddy and I hired an architect to help design a floorplan and took her recommendation for a luxury home business, electrician, plumber, HVAC supplier and roofing specialists. My buddy and I had floor tiles shipped in from overseas and ordered custom hardwood for moldings. My buddy and I found a local craftsman to build our entryway cupboards and invested into a geothermal heat pump. From light fixtures and plumbing fixtures to solar panels, my pal and I focused on current amenities, energy efficiency and aesthetics. Our home design included a gym, tanning beds, hot tub, workshop, office, wine cellar, theater, atrium and swimming pool. Every feature was top-of-the line. Unluckily, my pal and I ran out of funds quite early in the project. With little more than the studs, floors, roof and windows in arena, my pal and I realized my pal and I couldn’t afford to complete the home. Most of the appliances, building materials and products my pal and I ordered needed to be returned. The house was not livable and therefore not all that saleable. A client would have had some major trouble securing a bank loan. My buddy and I had an electrical panel however no wiring. My buddy and I had the ground loop however not a heat pump. My buddy and I had a septic however no water pipes or water heater. The house was a long way from being finished. My buddy and I weren’t quite sure what to do with it. One of our businesses recommended selling the home for currency. Cash home shoppers purchase properties in any condition. Although it was painful to give up on our dream home, it was a relief to sell it for currency and walk away from the investment.