Sorry for not posting last week. We had one long week.
First, we decided we would refinish our kitchen cabinets. They were this ugly, stained, moldy, and nasty looking brown with some gross glossy finish. We assume they were from 1986 when the house was built. This turned out to be quite a task. We had to sand all of the cabinets down, prime, and paint. We have the cabinets on the wall complete, but not the cabinet doors.
Second, we noticed that our AC was running hot so we called over our maintenance company. They came out Tuesday morning and the meeting only took about 5 minutes for them to figure out the problem. The compressor in our downstairs unit is done. This unit was installed in 1986 and is original to the house. So, we got 4 quotes done and the cheapest was $7,500 for just one unit and a furnace. We have two units and two furnaces that are at a minimum 13 years old. So, we definitely want to replace everything. The quote we decided on costs us $11,595. This includes two 16-SEER 2 stage AC units, two furnaces at 95% AFUE, and a FREE water heater. I negotiated with the company and told them our water heater was 17 years old and if we were going to spend nearly $12,000, they should replace our water heater for free and they obliged with no problem. This REALLY sucks. That is a ton of money, but it is a necessary expenditure in order to upgrade our units to achieve savings on our bills each month. Luckily, we knew these units would need to be replaced and have saved for it. Also, we looked into some rebate programs and stand to see $900 of it back. This is going to slow down our debt payments a little bit because I had to use some of our summer money from our various jobs to pay for this.
On the bright side, this is the last thing we knew we had to pay for. All in a year, we replaced the roof ($9,500), the AC/Water Heater ($11,595), and painted the exterior of the house ($4,600). If anything else comes up, it will be a complete surprise.
Lastly, our student loans finally transitioned over. I doubt we will be able to pay anything extra to them this month, but I will post some updated totals in the next couple of days.
Hope everyone has had a great weekend!