Thankfully, the largest projects are completed, and my timeline is now the following:
Year 1 (2010) - Complete Rehab of the House - status: complete
This has included removing carpets, restoring wooden floors, removing dropped ceiling and adding drywall, removing wood paneling from walls and smoothing plaster underneath, redoing roof and replacing joists, adding a second bathroom downstairs, redoing the upstairs bathroom, redoing the kitchen, knocking a wall between the kitchen and dining room, installing a large pantry, doing a heavy up on the electricity
Year 2 (2011) - Tending to the Garden - status: in progress
The front and back yards were composed exclusively of dandelions, onion grass and crab grass. So I had a landscaper removed everything and install sodding (see pictures below). It's a relatively cost effective option that temporarily "cosmetically" enhances the look of my yards.
Year 3 (2012) - Expanding Deck, Adding Attractive Fences and Sprucing Up the Garden - status: not started
Optimistically, I will be a lot richer in about a year and will be able to indulge in building a proper deck (the current one barely can hold a chair), putting up some privacy fencing (I now have a chainlink which makes me think of Dobermans for some reason) and making the garden look nicer. I've already signed up for the DC RiverSmart program which offers things such as free installation of rain barrels, design and planting of native species gardens, and installing permeable pavements to allow water to drain back to the garden. Given the general efficiency of DC services, I should be hearing from them next May 2012 (again, optimistically).
Year 4 (2013) - Possible Sale of House - status: not started
By 2013, I plan to sell my house for a million bucks. Hum, that may be a bit optimistic but there's always a chance inflation while skyrocket by then.
Backyard - Before
Rolled Up Sodding
Backyard - During, Phase 1
Backyard - During, Phase 2
Frontyard - Complete
You can also check out some pictures of what the yard looked like in April 2010 during the renovation of the house here. Warning: strong graphic contents of dead plants contained in the link.