Monthly Archives: July 2009

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They didn’t quite finish today — just some clean-up and stump-grinding left — but the trees are down.

And look — we’ve got sun!

I’m not sure that this side of the house has ever seen the sun! We’re pretty excited about that…

Best of all, for the first time ever, a contractor has done work at our house and NOT wrecked one of our cars or another part of the house that they weren’t hired to work on.

A job well done — I’ll have no problem making that $2750 check out to these guys.

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PIAC Post Extension:

The video doesn’t really portray the full effect of having this cluster of trees taken out so here’s a before and after rollover of the first frame and the last frame:

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The guy doing most of the cutting...Sometimes you feel the momentum building up behind you and you just have to go with it.

That’s how having these enormous trees taken out as we speak is making me feel.

There are a bunch of french guys out there working for me and making my house “better” which, in turn, raises my standard of living.

If feels pretty good, you know?

It has me thinking that I should just go all out and get a contractor in here to do up the first floor.

Maybe even get the oil tank out of the basement while they’re at it. And I should get things rolling on that “tear down the garage and build a brand new one” idea I tossed around last year…

Okay, perhaps that’s a little much… I don’t have *that* much momentum…

But I still have that itch to go all out and just get all of these costly renovations just plain out of the way and in the rear view mirror without worrying too much about how to pay for them…

Sure, you could pull any number of scenarios from when I said I’d considered lowering or eliminating my 401k contribution — something I still haven’t done yet.

Doing something drastic there would definitely make things easier to finance.

And Grant, who pops in pretty regularly with well thought out comments, had a great suggestion too. Take an extended break from my crazy mortgage payment schedule and instead save up to do everything I want to do next year.

Sure, it’d push back paying off the mortgage by around a year but it would also give me a much nicer living situation a lot sooner…

And thinking about it…between December of 2007 and July of 2007 while still struggling with my credit card balances, I spent over $40k on home renovations.

Less than a year later, I was debt free.

I can totally do this.

The problem is finding a contractor…

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What?! Huh? Did I miss something?

I just noticed this this morning… ING Direct lowered their interest rate to 1.391%.

The last time that they changed (and lowered) their rate was back on March 21.

At the time, if you remember, it was pretty much expected and it was their third or fourth rate reduction of the year. Every few weeks, they’d lower it a bit.

Things just seemed gloomy all around.

But it’s been quiet since then, the stock market has roared back up, there are media reports of people saving instead of spending, and, honestly, I was actually expecting them to raise the rate sometime over the summer.

You know, to maybe attract all of these reported *new* savers out there???

Now this?

Well, it’s disappointing…

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What could be more patriotic than paying your property taxes?

That’s exactly what my wife and I did for the Fourth of July.

In Connecticut, we have to pay local property taxes on our automobiles. We used to be pretty unique in that respect but, from what I’ve heard, now roughly half of the country has a similar tax. Greedy government… Grrrr…

The bill came on Wednesday.

Not including her car (she pays her taxes, I pay mine), total tax due for my two cars was $385.18.

That’s $42.36 less than last year but it still seems like an awful lot for an 11-year old BMW and a 5-year old subcompact Scion.

Here’s an updated chart of my personal property tax bill for the past nine years:

Property Tax Chart

Sure, looking at the tax that I’ve had to pay in the past, I should be quite pleased.

I’m not — $385.18 is a lot to pay on top of the registration fee, my drivers license fee, and the emissions test fees that I have to pay for on each vehicle.

And if I’m not mistaken, upon purchase, I also paid a 6% sales tax on top of the sticker price.

Grand total on the BMW, I’ve probably forked over nearly $10k to the State of Connecticut in taxes alone.

I dunno, seems a little excessive when you put it all together…

Anyway, it’s a good thing that July is a three paycheck month for me — just like last year.

I can spare it.

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Paul Bunyan wasn't french.So, like I said yesterday, we’re planning on having a few trees removed from the yard.

Earlier this week, we called a few companies out for estimates — Asplundh, an international tree service that you’d normally see doing municipal work around power lines, and two local companies.

Asplundh hasn’t come by yet — they said they’d be coming by next week to check the project out — but the two locals have stopped in and provided quotes.

For the two locals, I should mention that neither of them is the type of thing where it’s some guy with a chainsaw and his brother that’s missing an arm from the “accident” last week — I’ve seen both companies all over the place with multiple bucket trucks and crane type vehicles in tight places.

They’re both appear to be quite reputable.

As far as Asplundh goes, we were planning on green lighting the project even before next week so they’ll probably be coming out too late.

That’s okay, though. I was leaning against them anyway because I’d prefer to use a smaller local company because that’s just the way I am.

And no, that doesn’t mean that I’m one of those folks who refuses to shop at Walmart, though I do refuse to shop at Walmart, my reasoning is because Target is *so* much better.

Back to the trees…

So, in a back-to-back fashion, both companies sent a little french guy covered in sawdust to scope out our situation. Call me politically incorrect but I always thought drywall was their specialty… Apparently, they’re tree experts too.

Both seemed pleasant enough and I got a pretty good vibe from both.

The first quote we received was $2750. And the second was $2950.

Pretty close together.

It was funny, once we got down to the pricetag, I wasn’t standing there in stunned silence (like I had with the roof and the siding).

With the first one, I actually had to bite the insides of my cheeks to hold back a smile… Seriously.

While my wife and I didn’t actually come up with a number in our heads ahead of time like we wanted to (in a feeble attempt to prepare ourselves for pretty much any number), this quote was well within our limits. Yeah, the limits we never actually set.

Thinking about it though, nearly $3k is still a pretty hefty sum so why am I so content with it?

Is it simply because I have the funds available to cover it?

Maybe.

When we had our roof done back in December of 2006, we had saved up $2k and thought we were doing really well. The quote, and cost of the project, was $14k. Yeah, we were stunned. But we had to green light the project to begin solving our ongoing insurance problem.

Even worse, by the summer of 2007, we’d saved up around $6k to have the house sided and, again, we thought we were in really great shape. That quote came in at $26k?! Yikes?!

Again, though, we went ahead and had the work done financing most of it on a credit card. (Thankfully, we did finally resolve our insurance problem!)

So, basically, on the last two sizable home improvement projects, we’ve been caught with our pants down when it came to the actual cost.

I think we’ve almost come to expect it to be that way everytime.

Not so.

We had a decision to make…

Which company should we hire for the job?

The guys that they sent out to give the quote were all but identical — yeah, I admit it, I judge people. Their quotes were so close together that I can’t justifiably base my decision strictly on cost either…

Hmmmm… how to compare the two…

The more expensive place definitely has the nicer looking equipment. Basically, their entire fleet looks uniform — red paint, big white letters, cool looking logo. Plain and simple, from their trucks right down to their wood chippers, their stuff looks sharp.

The cheaper place is a hodge-podge of sorts. White pick-up trucks, various coloured bucket trucks, orange chippers, and a green stump grinder. And the pick-ups are the only pieces with an identifying logo.

Not that presentation is everything, and not that I can relate real well with the tree service contractor type of business, but I know I always have more interest in the RFP’s printed on linen paper over those printed on single-ply recycled toilet paper. One is more professional. Obviously.

On the other hand, again, you can put all the lipstick on a pig (or decals and paint on your equipment) you want but it’s still a pig. Or a pitbull. Or Sarah Palin. Or however that went…

The more expensive place is winning so far…

On the other hand, the cheaper place provided us with the quote on a custom carbon copy quote form. The more expensive place put the quote on the flipside of a business card.

Estimate 1:
Estimate 1

Estimate 2:
Estimate 2

I know first hand that it’s a pretty big expense to have custom carbon copy forms made up, especailly when they’re not at all essential to the business that you do.

For years I’ve contemplated having custom window envelopes made up for my own company’s invoices but it never made much sense to spend so much for something that I’d only send to companies whose business I already have…

This, on the other hand, is something that they were using to attract new business. And, at some point, they decided that it was worth the expense.

And you know what?

In this case, it worked.

Largely, for that reason, a simple yet fancy quote sheet, that first company is going to be the one that gets my business. From the business side of things, they’re the more professional of the two.

Luckily, they’re also the company with the cheaper quote.

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BrainyPIAC Post Extension:
The quote form wasn’t the “only” reason we selected the first place. After giving us the quote, the first guy who came out asked us if we were having anyone else come out to give estimates. We said, yes, and told him the name of the other local company.

His response, no joke, was, “Oh, they’re great people. A nice family. They do good work.”

Back in 2007, when our siding contractor asked if we’d had anyone else come to price the project he called our other option lazy and a crook.

In hindsight, I wish we’d hired the lazy guy who was a crook because I can’t imagine he would have put us through the rigmarole the contractor that we selected did. Just thinking about it makes me angry — a two week project took them FIVE MONTHS!?

Basically, this response earned some bonus points for the first guy — not only because he asked the question AFTER he’d given the quote but also because he didn’t bash his biggest competitor in front of a potential customer.

Now, the second guy who came out never asked if we’d already gotten a quote from someone else but he could probably read it in our eyes. Upon delivery of his, um, business card, he mentioned that the cost quote could come down some depending on how much time it took to truck everything away once it’s all cut down.

Hey, that’s their problem, not mine. I didn’t really like that false “tease”.

But he also said that if we paid cash, they’d waive the sales tax… Unfortunately, it wasn’t enough to cancel out the terrible quote delivery method…

Anyhow, this afternoon, we called the first place to let them know that they’d “won” and come Monday, the sun will shine upon us a little bit brighter!

(That is, if the sun ever comes out… It’s been raining for over a month, it seems…)

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This isn't my house but it could have been...Last month I hinted at another home improvement project that we’ve had on the radar for completion this summer besides having the oil tank in the scary basement drained and removed.

We still haven’t had that done and haven’t even called anyone about it yet.

Instead, we’re leapfrogging it.

Our second “project” for this summer, now the first, was/is to have some trees in the yard taken down.

This has been something I’ve been meaning to have done pretty much since day one but it seemed so silly to have work done on the trees when the actual house is what needed the most work.

One tree, in particular, has always kind of frightened me.

It is by far the tallest tree in the neighborhood. It’s trunk is an amazing 104 inches around — trees that wide aren’t real common in New England.

It’s also far enough away from house that, should it decide to tip over, it would have enough momentum to slice the house right in half. Yep, just like that picture (which was taken last week less than 10 miles from my house).

Should it fall in a different direction, say good bye to my garage and the BMW and Cessna parked inside.

In another direction? Well, the trunk is still thick enough a few hundred feet up to slice a neighbor’s house in half too. While that could be a good thing, I’m not certain that my homeowners insurance would cover it…

Making things even more frightening is that it’s a white pine. The needles don’t fall off in the winter so the the entire tree is like a sailboat’s sail in the wind. Also being a white pine, it’s a soft wood.

Really, it’s a disaster waiting to happen.

The pine cones are annoying too.

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July 2009 Net WorthThis marks the fourth consecutive month where I’ve increased my net worth!

I can’t really take too much credit for it though as almost all of the gains have come in my 401k and the value of my home… Must be that lagging economy or something…

There isn’t really much else to blab about so I’ll go right into the breakdown:

Cash:
Somewhat depleted. I’m throwing a ton at the mortgage of late and this is the category that’s taking the beating.

Savings:
I’m on auto pilot here trying to increase the balance by $1000 each month. I was right on target for June.

Gov’t Bonds:
Still waiting for that investment I made back in April to make some sort of difference but, so far, nothing.

401k:
I almost can’t believe that I’m pondering lowering or even eliminating my contributions… More often than not, this seems like a cash cow.

Home:
Still no where near its high (February 2008) but right back up to where it was before the bottom fell out back in October and November of 2008.

Auto 1 & Auto 2:
Eh, I thought the drop on my primary vehicle was a little extreme but whatever… They’re paid for so I’ll take whatever value they still have.

Credit Cards:
Holding steady here.

Auto Loan:
Nothing to report.

Other Loans:
Thankfully, I don’t have any “other” loans.

Mortgage:
I did an awesome job this month. It might not be the wisest move to pay down a mortgage like this but it’s a safe bet and it will feel really good to get it under $100k.

Can You Dig It?

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