The first thing you need to do is learn how to make your house a home.
Ok, my wife and I are slightly in the market again to buy a new home. I say slightly, because we don't have a pressing issue to move from our existing home. Just thinking about the future. I have a few questions though.
Buying a property and putting a house there whether it had one previously or not - Has anyone done it? If so, did you feel it was worth the trouble?
Did you buy a modular house from wherever and have them ship it in, or did you pay builders to construct on the spot?
Buying a bank owned home or something that's currently in foreclosure - Again, has anyone done it and was it worth the trouble?
I'm pretty handy, and can repair almost anything inside of the house. Buying a property with a house that just needs some work wouldn't really be an issue for me, as I'm capable of doing the repairs. Aside from the time investment, is it worth going this route? Realistically, do you ever "save money" buying a house that isn't 100% complete from the get go?
Foreclosures and short sales.. Are they typically beat to hell, or maybe 50/50 with good quality homes that people just couldn't afford?
Thanks for listening to me form questions out of a vague idea.
The first thing you need to do is learn how to make your house a home.
I'd say there are plenty of deals out there. The biggest problem is the average person has no idea how to spot them. For instance I know very little about cars. If I was buying a used one, it's likely I wouldn't get the best deal. However a mechanic by trade will be able to do better.
On a house it could be the same way, You're a plumber by trade and the house has horrible plumbing but otherwise ok? You can get a deal. The problem is, you end up having to rely on a home inspector to make the biggest purchase of your life. That guy can literally have 5 more houses to do that day and is doing it quick. Or could be very thorough and save you tons.
So I consider myself decently handy, so when I found a house that I was seriously consider buying. I then hired a general contractor, electrical guy, and a plumber to do a walk through of the house to find anything that was wrong. Then after I had all of that done. I had the home inspector. I was able to point out things to the home inspector so it went on the report. Then used the report to leverage the price of the home. A home inspector isn't a licensed plumber, electrician, and contractor. So like on my house, we found some natual gas pipes that weren't grounded. Electrical outlets that weren't grounded correctly. the deck was attached to the house incorrectly etc. All of these things allowed me to talk the seller down 10k in closing costs.
We were able to in, in a bidding war market, offer full price on the house. Then we invest about 1k in having people inspect the home. Then use that info to leverage down 10k. The reality is, I would have bought this house even at full price because 4 people inspected the house and all were like this thing is really nice, you should buy it. Had it been worse, we could have gotten some more money off, or averted a huge disaster. 1k to know you're making a sound purchase is worth it long term. As one missed thing will cost you so much more then that.
Foreclosures and short sales vary a lot by location. Not to say there aren't good deals, there probably are, they are just far fewer and far between than what they were last year and even more so before that. Banks have a tendency now to price them much more aggressively and at least in our area its been much harder to find something that makes sense. You can find gems still I'm sure but at least over here that has all been picked over.
Building. We've built 3 homes ourselves. What I can tell you is you absolutely have to watch them while they are building your home. What I can also tell you is that you'll never really get it right especially if its your first time building a home. IF you're lucky you'll get it close but you'll never really get it right because there will always be something that you'd change next time or some problem they'll fuck up.
The other thing about building is when it goes bad it goes bad in spectacular fashion. We built a Mc Mansion with Toll Brothers that was fucking massive and beautiful in every way but ended up being a total pain in the ass with roof leaks. Took them 5 or so tries to actually get the problems addressed and eventually had to reroof the entire house. Was a complete and total cluster fuck and something you don't really expect when you buy new but happens all the damn time.
Never had a modular home but they are built to local building codes. Better than manufactured but there is still a certain stigma with them. If you're going to do that you better be saving a ton of money instead of site built.
So we're just checking the normal housing market right now.
I went to a place last night that was enormous. 2600 square foot rancher, but in reality it's closer to 5000 square because the basement is the same size as the main floor. The only thing is the basement isn't exactly a basement. The house is nested on a hill, but it's a hill side to side. You park your car in the garage (basement), then walk up the hill to the left to get into the main house. Or you just go through the garage and up the steps. There's also no back door on the main floor into the back yard, however there are 2-3 doors located in the basement to get into the back. It's enormous.
On top of that, the house is very well (old style) built. Extremely thick joists and what not. And for a house that size, they want right around $300k. It's a steal.
The issue is mold. The ENTIRE basement stinks of mold. The previous owners have done a lot of work to the place to try and eliminate it, but the mold stench just permiates everything. Walking through that house last night has my throat feeling ragged. Such a shame. That house would be incredible.
I live in the south and LOTS of houses have mold. There's mold and then there's mold. If you are interested have it inspected and find out. It's not uncommon here to have that smell of mold/mildew in out of reach places or not part of the main house and it's not great but it's not harmful.
I actually have a mold guy that took care of my attic earlier this year, and he did a great job on both price and quality of work.
I gave him a call and asked him to check this place out and give me a realistic quote for how much it would cost us to clear out the mold and remove the stink. He's going to tour the place tonight.
This house is WAY too big for just my wife, daughter and myself, but if we could get it for $300k, I think the size is fucking incredible. I'd be able to slowly fix the entire place up and put it back on the market when we're eventually ready to move out and make one hell of a profit. But that's not the intent, but this place has such possibilities for us. Granted, it might be entirely the houses size that keeps drawing me back to it, but I'm still interested.
I think a lot of it just comes down to if the mold is mostly in just superficial stuff like drywall or insulation or carpeting, or if it has actually taken root in your studs or wood floor/sub floor. The first situation would be relatively easy and cheap to remediate, the 2nd not so much...
Talked to an idiot today that is closing on a house with no inspection in 2 days. They are in a hurry to beat the interest rate hike. Fail on so many levels.
I can't believe there is a lender out there that would allow that
I think FHA loans only send their own inspector but I have no idea. He said the real inspection hadn't been done.
I've mentioned it before but I wouldn't believe anything an inspector said. I sold a house and the inspector was too fat to use a ladder so everything he looked at was eye level or lower. He never entered the attic which was simply a crawl space deal with a door that was 4' tall.
They didn't change the rate. So he's really gonna be screwed if he finds out the house is defective.
While it might be common to have some mold in homes down south, it is NOT common to have the stench of mold through the entire home. There is a big difference.
I'd run from a house which you describe. If you want to look into you can have a remediation firm come out and take a look at it. They can check moisture levels behind the walls without ripping things down and you can get a good idea of what you're looking at.
That said, if it stinks like that then there is a major problem.
Actually, that's a fix that's already been done to the house. They lifted the entire foundation of the house and added a drain that dumps into the sump pump.
I would assume that this was a complete fix for the problem, and they just assumed the mold smell would go away on its own, or maybe they're used to the smell. But that's why the mold guy is coming out. To let me know just how bad of a problem it really is, or if they just didn't spend the money to fix it officially. I really don't know, but I'm hesitant. Aside from the mold issue, I've been having visions of grandeur about this house. So many possibilities.
Make sure you find out if the house had any insurance claims in the last 5 years, especially related to water.
Ok, it has a Form a Drain. That's the raised foundation. I don't know how long it's been there, though.
Here's an update on our house buying adventures. We still really like the short sale house I listed above with the mold. A specialist came out and said it's not too bad and could easily be restored.
Anyway, on the hard part. The owner of the loan (bank) has something in the paperwork saying that they will not accept offers on this people that need to sell their current house first. They only want you if you don't already have a mortgage or can afford a second mortgage. Unfortunately, we don't fit into either of those categories.
So we're going to have to sell the house we currently have and "hope" that we can get this other place. There's no guarantee that the bank will even accept our offer (we're going to lowball it, they want too much as is). Fortunately, my mother said that we could move in with her for a few months while we transition, but that's pretty rough. I don't know what to do.
I mean, I guess we're going to have to sell our house, but it's a real kick in the pride to have to return home after being on your own for a while. The only thing that I don't mind about it is that this isn't a sign of failing in the real world. Just circumstances above my control as far as what the bank is after.
Ok so what happens if they accept another offer in the meantime? Banks couldn't care less about your intentions or the musings of an agent...
Not saying don't go for it but get choices 2-5 in line (maybe more depending on your market) if you really can't stand being out of your own house for a length of time.
I 'lost' a house (technically two I guess but the second they verbally said they wanted more) after I submitted an offer on just because they were gaming the system to hopefully get juicier no-pressure offers instead of listing it properly as UCB - the sale went through later that day. I was pretty pissed at the time.
Last edited by Palum; 09-20-2015 at 10:36 PM.
I'd agree with Palum, if you haven't seen ANY other houses in your price range that you would be satisfied with, don't sell your house and put all your eggs in one basket. If you guys aren't super picky, or waiting for the "deal of a lifetime" type price, and would be perfectly happy in whatever your 3rd or 4th choice would be right now, then go for it.
I'd get on Zillow, look around a LOT in your price range and see if you can find at least a handful of houses on the market, right now, that would meet your criteria and at least look like you'd be happy with them. That would be a good sign that even if this house fell through, you could still find a new home you'd be happy with.
If this house is a once in a blue moon opportunity and you don't like anything else in your price range thats on the market right now, that's a HUGE risk.
I guess if nothing else, if you put your house up for sale I'd be calling the other bank/selling agent DAILY to see if any other offers have come in on that property, and yank your house off the market as soon as one does. The really dicey time period is going to be once you get your house under contract, but it still hasn't closed yet and you're waiting for that 30, 60 days or whatever. Once you hit that point there's no going back.
This whole thing begs the question if it's such a good deal $/sq foot why it's not off the market already.
It's not that it's a great deal for square footage. And it's not really a fix up type of house. It's just that I'm incredibly impressed with the structure of the house. It's built VERY well. Aside from that, it would be incredibly easy for me to work on to do all kinds of crazy shit in the future. But yeah, I can understand your thinking.
I believe it's not getting more attention because it's listed as a 5 bedroom, 2 bathroom. If I end up getting it, it would become a 3 bedroom, 3 bathroom type of place.
Just sell your first house, rent for a bit or move with your parents and then pounce on the house you want when it comes available. If you can't afford two mortgages you have no other choice. Nobody is accepting contingent offers these days, they don't have to. There will be cash or non-contingent buyers along tomorrow.
Went to the home inspection lady Friday, listing agent turned the utilities on, didn't check things when he did...
The whole house was under two inches of water from a winter ized, or non, and a 1 inch pipe busted.
Incomes the inspection contingency, requested a release from the broker.
Auto correct / phone posting is my current first world problem
Last edited by LachiusTZ; 09-23-2015 at 11:42 AM.
Ahh, sucks to be that listing agent. I'm sorry your house plan fell through.
We toured a new house that went on the market the other day. The entire neighborhood has houses in the $450k range, and this house is listed at $166k. My realtor suspects it'll actually sell for $225k. It's a big fix-er-up, but there are endless numbers of house flippers that have been going through the place. It's got a ton of potential. A shame that someone let the house get into the position it's in. I don't think he ever cut the grass or did any sort of maintenance to the place in the 10 years that he lived in that house. The neighbors are saying this house "used" to be pristine. I would assume that place already has a few offers. We have PODS being delivered to our house today. Time to start uncluttering the place in preparation for putting it on the market.
Some of those flips are crazy. Where I last lived in Baton Roug there was a house 3 doors down on a corner lot. It was for sale for $300k and it was clear the couple who owned it just never updated it much thru the years. Older neighborhood that has always stayed pretty high rent, now that the original owners are passing on their kids have tons of money into the houses. Or whoever bought them after they passed.
Anyway the house sold and I saw it on the market a little over a year later for $750k. Crazy. They redid the house to where the front of it now is on the other road on the corner. The house next door had a second floor added on. Crazy shit. The house across the street was for sale for $300k and I talked to someone who looked at it and they wanted it for just the lot, tear it down and start over.
I couldn never sink that much money into a "hope" it works out kind of a deal.
I would recommend against that for most people.
If it weren't for my horse, I wouldn't have spent that year in college
If you don't mind fix'r'uppers, I think you'd mainly be considered about foundation problems and environmental issues (like a failing cesspool, toxic mold, or a leaking heating oil tank), stuff that can't be easily mitigated. Other than that a roof and HVAC system younger than 10 years just buys you time.
Just gotta get it pumped every 2-5 years depending on how much shit your house produces. And I guess feed it some bacteria every once in a while, but I have no idea how beneficial that actually is.
No. Just make sure it is inspected and pumped out if necessary. Make sure it is sized correctly and the fields were done properly. I'd much prefer city connections and would ding the offer as a result unless you're buying out in BFE where that would be normal.
They aren't bad so long as they were installed properly and maintained. I much prefer city hookups but if the house is perfect a septic wouldn't keep me away. It just needs to be inspected by a good company and they can tell you if you'll have issues with it or not. Most problems are from people ignoring the system for years, poor installation, poor toilet habits or undersized unit.
You found a house for 166k in hawaii?
Texas A&M released a formula for stuff to use in the septic tank to replace RidX out of stuff you likely have around the house. Their studies came out ahead of the commercial stuff to pour down the drain for it every few months. Sorry I lost the recipe.
There are plenty of places in the country where there is no sewer. I wouldn't consider it a non-starter and I'm pretty sure in most states they are required to treat/pump the septic tank before letting you move in. If you are paranoid, you can call a service co after maybe 2 years, have it treated and pumped and figure out approximate usage for your family.
Having a garbage disposal hooked up to a septic system changes the design requirements some as it forces it to handle more waste; but like Palum said, totally doable. Generally septics are based on number of bedrooms. If you were to buy a home with a septic and you had plans of increasing the size of the house, or even just wanted the lot and were going to start over, making sure the existing septic is in good order and large enough to meet your expected design is critical when budgeting. Having to unexpectedly replace the whole thing could be an additional $20k.
Most rural areas utilize septic systems, or only have sewage for village/ densely populated areas. In Massachusetts there is a Title V inspection that requires the septic is verified to be in good working order before a property is sold.
There are also other alternative systems like composting toilets and greywater greenhouses and some really crazy buildings that have their own eco systems. The laws regarding them vary greatly from one area to the next.
Most of this is of little concern until you start looking at developing raw land. Making sure the building site is capable of supporting a septic system is extremely important, otherwise you just bought yourself a woodlot.
Damn septic failed title V. Here in Massachusetts you can't even sell the damn house until that passes. The inspector says that it has not been emptied in more than five years, and something about some layer going up into the inspection ports. No idea what he was talking about. He says they are looking at 10K to get it right.
When we were looking for a house we checked my old town and nearly every single house said "FAILED TITLE V - buyer must pay to fix"
It was shocking how many houses were failing it.
Definitely some monsters have gone down my pipes.
Originally Posted by supertouch
for those who asked:
i haven't sucked her penis but i have stroked it. it sounds odd but i don't view it as a masculine organ on her.
I was going to buy the land/house and tear it down. They couldn't even sell it to be non inhabitable. Paperwork.
Lady who owned one of the local companies that pumped them out was making a killing. She turned over a list of people who had done it in the past but were "overdue" and was blackmailing people to have it done or risk being turned over to the state and fined.
It was quite a deal. I was expecting them to find her dead at some point. The house I wanted to buy was land locked by the national forest. I'm sure one house with a single person was going to upset nature if the septic tank wasn't emptied right considering people were shitting in the woods all day 1/4 mile away on a popular trail thru the area.
Last edited by Borzak; 02-18-2016 at 10:57 PM.
I literally have found the perfect house for my family. Well within the price range I was looking for. (My mother is old and has moved in, need a larger place). BUT I would be doing an extra 30-40 minutes on my commute, which is currently 20 minutes. Would you do this?
I did 1-1/2 hour commute for a while. It didn't bother me but some people hate it. It was all at 80mph, traffic but it was all going wide open at work times on the interstate. I like it actually. I got to get my head clear and took care of a lot of business on the phone allowing me less time in the office. If it had been stop and go traffic I wouldn't have put up with it.
Nobody in our shop or office lived within an hour. Some guys couldn't put up with it no matter the pay and didn't last long.
I like no matter how bad the commute or work was when I got home I was where I wanted to be.
An hour+ in Boston traffic? Might as well kill yourself.
That's hyperbolic, but I really detest stop and go traffic. My commute is only 3 stop lights, under 15 minutes, and I still manage to be pissed off by the time I'm home due to how retarded the NE is with their traffic lights(NOTHING TALKS TO EACH OTHER) and you almost always run into some idiot/slow person.
Last edited by Deathwing; 03-15-2016 at 06:16 PM.
I quite enjoy my A.) Working from home or B.) 5 mile bike ride to work. Commutes suck.
B.Net: TJT#1179"Let go your earthly tether. Enter the void. Empty, and become wind."
So bros who have houses, how does that shit work these days? Do I need to save up a sizable down payment? Am I going to get a housing loan as a single 31 year old dude that makes 70k/year? Does your regular credit factor in to that shit? Is there anything I'm not thinking of that I'd need to pay besides mortgage/property taxes and possible homeowners/condo dues? Aside from utilities and shit obviously. I've got about 15k in just cash saved up currently that could go towards a down payment and from the places I've been casually looking at in Chicago I can get something pretty nice in the like 150-200k range, so seems to be time to start thinking seriously about it.
I've been renting since I moved out and am getting sick of the prices in Chicago. For what I pay for a 1br in rent I could buy a condo or half a twoflat and the mortgage would be half what I'm paying in rent right now.
You want a 20% down payment and any less will cost you PMI (downpayment insurance) until you have 80% equity in your place. Regular credit is a factor for the mortgage rate. You also want to make sure your Debt to Income is less than 40%. There are tons of things to know about starting out/buying a house. Honestly, I've learned a lot just reading HomeOwners Investors
2) Your income is fine if it fits debt-to-income ratio allowable for the type of mortgage you are applying for. This means add up all your installment/revolving/mortgage accounts and divide by provable monthly income (no paper, no count).
3) Credit is a huge impact but unlike cards they look at the actual bureaus. They will see shit like you stopped paying all your cards for 3 months 4 years ago even if the rest of your CBR brought your rating back up to OK levels. They will see that you defaulted on a student loan because you weren't paying on it then consolidated it into good standing.
4) PMI/MPI (insurance you pay for your lender on your loan) is the big one missing. HOA/Condo dues can be massive, keep that in mind. Also you are going to be paying significant money in maintenance to keep your place lookin' fine. It will either be stupidly expensive if you are not a handy person, or manageable if you are. Figure worst case is double your monthly payment, best case is an extra payment or two a year in maintenance costs.
5) I hate to be a jerk but 15K may or may not be anywhere near enough. Here's why:
You will never find a place that is 100% for you. Even new builds you will find something that isn't available, you won't own a console for your TV, you will need a spare bedroom set, ANYTHING. Point is to budget these things in advance. I have probably paid about 12K in basic stuff over the past year after moving into my house. Some is mandatory, some is unavoidable if you are renting before you buy, some is just preference but to give you an idea, my house was just redone right before I bought it but things I did:
1) Had whole-house water pressure regulator installed ($350)
2) Had water softener installed ($1300)
3)* Replaced all shitty old blinds with new Levelors myself ($350)
4)* Bought new tools for yard maintenance I didn't bring out west/didn't own ($250)
5) Repairing pool decking to fix the back yard ($3000)
6)* Bought furniture to fill the rest of the house ($2000)
7)* Repainted spare bedroom myself and decorated it ($300)
8)* Decorated other rooms ($200)
9)* Replaced all bulbs with LED ($150)
10)* Repaired then replaced pool light unit myself ($250)
11)* Ran new outlet in garage, rewired many outlet boxes and switches to current NEC and replaced all plate covers with new vinyl ($75)
12)* New fridge/washer/dryer as place didn't come with them ($3000)
13) Replaced condenser fan, control wiring and capacitors on AC unit ($1200)
Basically * was stuff I saved a ton of money on by doing part/all myself or being extremely thrifty to get what I wanted at a reasonable price. TL: DR; I spent a lot of money on my first house. Not everything was necessary or 'needed to be as nice' but some of that stuff is not things I wanted but I just ended up having to do. The plumbing and electrical were necessary, I saved easily 1K+ not having to hire out because I can replace basic stuff with live wires and can pull SJOOW through conduit into a pool. The AC unit was an unfortunate expense last weekend. The furniture I couldn't really wait forever on and basically yea, it's ready to 'live in' now and still needs a few more months of work and a lot of landscaping to get it to what I want over the next year.
Don't leap into things but if you are prepared financially to change from renting to owning it's very rewarding ultimately. It's just a far more expensive and longer road than you ever truly realize until you start adding the receipts up.
There are programs that you don't have to put down 20%. Guessing they aren't available in Chicago. Rural development loans don't require 20% and you can get them inside the city limits of some pretty large cities. Name is kind of a misnomer. I think you are limited to $74k salary to get one. You don't pay PMI but pay a percentage of the outstanding balance of the principal remaining. You also get a lower finance rate normally since it's guaranteed by the government. Known a few people who got one and it fit them pretty well. After X amount of time they refinanced and did away with PMI and perctange entirely and moved in with minimum down and the rate they got was better than I had qualified for and my credit is pretty good. The last two people I knew that got them were in the city limits of Baton Rouge and San Antonio so not like out in pure BFE. Going to guess they were between $225k and $275k houses.
That's all I know about them. They have maps for what parts of town they are available in.
The people who bought my parents house in Baton Rouge after Katrina did so with a rural development loan. $225k house in a regular subdivision in the city limits of Baton Rouge. They do restrict it from certain areas of town and places that are really booming - from what I saw the 5 minutes I looked at the map were the places that weren't there 10 years ago that now are very built up.
They're guaranteed by the ag department I think.
Last edited by Borzak; 03-22-2016 at 03:54 AM.
Thanks for the info homies. This isn't something I'd probably even do this year as I want to save up a fair bit more money before jumping in to it. As it stands I'm likely to go for a condo, as full blown houses in Chicago are either way out of my price range or involve too many neighborhood stabbings for my taste. And yea, some of the places I've been looking at have insane condo dues, like north of 400$/month for a place on the market for 150k, it just seems crazy high. I like the idea of having minimal/no maintenance to do, but if those condo dues are the norm maybe it's worth it to mow my own grass and fix my own toilets.
I'm at a point financially where I have 0 actual debt left aside from whatever I put on my credit card for the month (100% of my purchases of anything just go through it cause I loves them free reward points, but it never carries a balance past the month). Student loans etc are all taken care of as of last year, so if I live like a big jew for most of 2016 I'm hoping to increase my cash wad to like 30-40k by next year then get serious about actually looking for a place.
Is there anyplace to get actual legit credit reports from? I've heard people say you're entitled to a free one per year or something, but just googling for it brings up what looks like a bunch of bullshit.
Annual Credit Report.com - Home Page
FYI this is the only place to get them per FCRA authorization. The rest are subscription services masquerading as the above.
Last edited by Palum; 03-22-2016 at 04:04 AM.
Also, I would seriously consider starting your house search soon-ish.
At 15K you are entering 8-10% range in what you want. If you are planning on adding 30-40K this next year that's roughly 20% range by 6-8 months. The ideal buying window is probably 3-4 months at a min, to find the best value if you are picky maybe 4-6 months. At that range you will get a feel for the market, see enough houses/condos to figure out what you really want and what's important and what you can live with. When 'it' shows up, you can be ready to pounce on it. So I would take a look at some open houses in areas you like and start getting a feel for neighborhoods by this summer. If your lease allows it and you penny pinch by August you will be ready and a savvy consumer OR if you decide you really want the 250-300K legit house you know what you need to do over the next year.
All setup in my house now finally. Had to get a lot of house stuff to make it not totally empty as I never really had much belongings to begin with.
Have some of my idiot skydiving friends living there with me. I was against roommates, but they're never there and neither am I really. That and having a $200 a month effective mortgage is fucking sweet. I'll post some pics when I get around to it!
B.Net: TJT#1179"Let go your earthly tether. Enter the void. Empty, and become wind."
I'm closing on my first brand new (new construction) house next month. Awesome place in a great development, 3500 sq ft, 4 bedrooms, 2 car garage, half acre, everything I was looking for. Stoked as hell to close and move in, but dealing with the fucking builder has been a giant pain in the balls. We (my fiancee and I) bought the last house available in the development so it was a straight up, non-contingent sale. Because of that, the builder and his pocket realtor know that they don't have to do a damn thing for us.
The price was decent, but some of the things that I assumed would be common-sense-included in the house (like a garage door opener, fans in the bathrooms, bath vanities with drawers, to name a few) are all add-ons. I'm cutting this dickbag checks left and right, because we don't really want to move into a house that doesn't have a lot of basic shit that we were looking for. Add on top of that the abysmal granite selections that we had to pay extra to upgrade to a decent looking slab, and more money for the bathrooms to have granite tops instead of laminates (house was north of 500k).. Blaagh.
We really wanted the house and had a short punch list (we did get him to kick in central air and a few misc things), but in hindsight an hour or two just walking around the house without the realtor following us around would have saved me a lot of headaches, and probably a decent amount of coin too.
TLDR: Armchair advice if you're buying brand new is to be thorough as fuck and assume nothing is included other than what you're looking at.
Last edited by Seventh; 05-11-2016 at 12:31 PM. Reason: typos n' shit
The problems with new houses is that, while they often look pretty, some developments focus on the bottom line and do some things cheaply or in the most half-assed manner possible for ROI on their part.
I know when they do these developments and have a model home, that model home will cost twice what they quote as a normal house there by the time you add in all the extras that are in the house.
Paying extra for air tho really takes the cake. Knew a guy who bought a tract house about 25 years ago and got a huge discount on it because they had installed all kinds of shit backwards. All the doors opened the wrong way and such.
I think you mean skip new construction in a development?
If I ever buy another house it will 100% be new construction on a lot I own.
Seventh is in MA, our housing prices are quite absurd.
What area Seventh? $500k for 3500sq/ft on half an acre isn't really that bad. Mine is 1500 on 1/4 acre and it was $265k
The funniest add-on for my new construction were those lines in the windows. Don't know what they're called but you know the things that make it look like it has a grid? Well the front-facing windows the builder provided them but for back and side windows it was an add-on. I didn't buy them. It wasn't expensive but it wasn't cheap. Like $400-$600 or something.
Other than that some of the stuff 7th is talked about was included in the price. Garage door opener wasn't but I just bought one at Sears for $100 and install took like 2 hours. Its a really nice opener too. Got it on mega sale!
I'd rather be looking at a new build where I can see what they're doing inside the walls/foundation with the plumbing and electrical/network wiring and structure than be looking at a house thats already buttoned up and you have no fucking idea what is under there most of the time. If you buy a pre-built spec house, count on them having done the plumbing and electrical at the bare minimum building code, and that anything which is usually out of sight is probably the cheapest builder-grade shit they could get, regardless of the price of the house.
Next house for sure is new construction for me as well.
Ours was rehabbed but built in the 40's. Tiny closets and the guy really should've upgraded the electrical. I'd like to pick what we have next time.
Im done myself though. We found a nice 1970s ranch and we decided to stay here. Its like 2K sq/ft in a perfect community, good schools and all that. Ive spent about $25K so far throughout the years to upgrade this fucker too. Biggest thing was a new driveway we put in last spring for $15k. The other shit was pretty much going from room to room and upgrading it. I even redid all the hardwood floors myself a few summers ago. We only have the kitchen and our large bathroom to do still for fully upgraded house and the kitchen is next.
I would rather invest in some vacation property in northern michigan, maybe close to Lake Michigan or Huron where we can just go up there on a whim, 2-3 hours a way and enjoy the summers and even winters. The kids enjoy that shit too with their dirt bikes and golf carts and shit like that. thats more important to us than the next McMansion in McSuburbia surrounded by more shitty McNeighbors.
Last edited by mkopec; 05-11-2016 at 02:52 PM.
Build quality varies widely, which shouldn't be a surprise to anyone. The surprise to me is when the companies are building the same handful of floor plans over and over and can't seem to manage that without a ton of fuckups. All 3 of my direct co-workers moved into a housing tract built by a local mass builder and all pretty much had the same issues with quality and poor execution. Like light switches being installed upside down or to the wrong lights or putting in the wrong trim or the wrong version of backsplashes (sometimes you get free upgrades, other times you get rushed corrections that look like shit). Little things that are fixable, usually, but a ton of them. And as mentioned, using the absolute bare minimum in material quality, which is expected, but then not being able to execute the same floorplans over and over? That scares me.
I like when they do a new development and they have 2 house plans and a right/left of each of those for 4 total. The rest is just adding extras and paint schemes. See this even in housing areas of $400k which isn't exactly cheap in the south. Never understood it.
Today's another great example - since the kitchen isn't done yet, I emailed the realtor and asked if they could fire in some under cabinet lighting. Not because it's hard to do, but because it's a fuckload easier to run the wires before you hang the cabinets. I offered to buy a light kit from them, or just pick up my own and drop it off. I figured eh, if it's $250-300, it's worth it for me not to have to bust my balls for half a day fishing wire. The realtor emailed me right back and said "no problem, the electrician is still here, he says $900." (wtf?!)
Needless to say I passed on it, but at this point it's starting to piss me off. It's partly our "fault" (for lack of a better word) for not being more thorough before we signed the P&S, but some of this is pretty damn ridiculous. I get that the builder doesn't have to do a single thing more now that the house is sold, but I figure if I have a house full of contractors and they can do some small shit here and there to make my life easier, it's worth the money.
Just get some battery powered LEDs under the cabinets. Anymore with LEDs you don't need to run power everywhere since the bulbs are so efficient the batteries last forever.
Fuck forgot how much moving into a new house sucks. Wife and I have stayed up to 1 every day since Subday doing shit and we haven't even put a dent in what we need to do.
Well I'm about to become a landlord, (or slumlord depending on perspective).
I put my 1/1 up for rent and the amount of people that swarmed to it was just incredible. Even several single mothers, who did not care about only been one room. I did felt bad.
I get that some people don't care about having a lot of space but it is certainly nice, even without kids.
I told my gf my old 1600 sq ft place was fine for both of us, and it really was... but 3200 is twice as nice. We have 3 bedrooms with beds, sometimes we sleep in all 3 depending on what mattress I'm feeling or if i feel like thrashing or she needs to get in bed early. Our house is largely empty, but i think there's a lot to be said for empty space in a room. That "oh i have a window, i better get a table and a bunch of bullshit that has home written on it" mentality is not guaranteed with a large house.
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