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Topic: OT: Building a house

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ATexasVol

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Re: OT: Building a house
« Reply #14 on: July 22, 2020, 10:09:50 AM »
gym, we just remodeled my wife's old house.  Her tenants moved out at the end of March after renting the place for 10 years.  It was a disaster, and pretty close to being a hazmat situation.  They were pigs, and apparently never cleaned the place.  

We found a good contractor, a guy who has a small team of family and friends.  It took them 7 weeks, but they replaced all the flooring, baseboards, painted inside and out, and remodeled both bathrooms and the kitchen.  I replaced all the fencing, repaired the sprinkler system, and replaced every circuit breaker, electrical outlet, and switch.  My wife's two sons put down 2 pallets of St. Augustine sod and cleaned up the flower beds.   

The transformation was amazing.  The house is beautiful inside and out.  I kept a detailed spreadsheet with every expense.  We ended up spending $34K, but it was worth it because we were able to sell it for much more than what an investor would have paid us.  We're pretty confident we could tackle almost anything after that.   


gymvol

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Re: OT: Building a house
« Reply #15 on: July 22, 2020, 11:19:15 AM »


Tex sounds like you got a real deal with those contractors. I was going to get our master bath remodeled in our previous house and it was almost that much.

Sounds like you know what you're doing so good luck with your house.  

If everyone is thinking alike then somebody isn't thinking.

George S. Patton

HK_Vol

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Re: OT: Building a house
« Reply #16 on: July 22, 2020, 07:09:22 PM »
Market for home construction is hot, hot, hot right now in many parts of the country.
My folks got a quote to build a back porch (covered) and was priced higher than they expected.
They got a quote from a second contractor that came back -40% cheaper.
I think some are giving quotes, but with so much business, are charging exorbitant amounts, simply because they don't want / need the business.
So they agreed, but was told it would be a 7 week wait before they can get started.

Knoxville has record home prices, record number of homes sold, and supply is way below historical norms with only 1.9 month's supply of homes available.  I guess it is all those people fleeing New York, Chicago, etc. looking to live somewhere sane, relatively safe, and without all the local Governmental nonsense...



Nate924

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Re: OT: Building a house
« Reply #17 on: July 22, 2020, 10:25:22 PM »
We built the one we retired to. Found some plans, took some bids, and selected a builder. We used a custom builder with good references and got started. We negotiated a straight fee with the builder rather than a percent of cost that was paid based upon percent of completion. That stopped any concerns over subs bidding up jobs and the builder benefiting. 

Be there for the layout of the foundation and also the pour for it. You want to make sure that is right and makes sense on the lot. 

The other suggestion I would have is to make sure you are organized, Keep all records so that you can put your hands on things as you move along. watch every charge, make decisions as much ahead of time as possible. 

You want to think through plumbing fixtures. Put in more outside faucets than the plan calls for. There should be one on each side of the house. Think about where you may want to extend areas around the house (decks, patios, etc) that you might do later and think about anything the builder can do while the build is underway. Electrical outlets outside, lighting, etc. Garage wiring and think through whether plumbing there makes sense. 

Lots to do, but if you get a builder you trust, then it can be a lot of fun. 

HK_Vol

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Re: OT: Building a house
« Reply #18 on: July 22, 2020, 10:32:36 PM »
Knoxville charts:
























HK_Vol

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Re: OT: Building a house
« Reply #19 on: July 22, 2020, 10:34:29 PM »



HK_Vol

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Re: OT: Building a house
« Reply #20 on: July 23, 2020, 04:37:26 AM »













Cincydawg

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Re: OT: Building a house
« Reply #21 on: July 23, 2020, 08:08:31 AM »
I thought it was kind of fun, very time consuming, but fun.

Where we live now of course was sold "as is", we did redo the kitchen, which both times we've done it took way longer than expected.  I think the contractor has a time line that only works if every item comes in on time and is correct, which is unrealistic.

For example, they measured for the back splash, and then an electrician came in and did some under cabinet lightly, and not the back splash doesn't fit, so they have to remeasured and recut.  A few of those and you are weeks off schedule.  We ended up getting a grand back because it took so long, I think the contractor was tired of us.

But it's nice now.

gymvol

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Re: OT: Building a house
« Reply #22 on: July 23, 2020, 10:16:15 AM »
Tex you can get a real deal on a house in Minneapolis right now people are leaving in droves.  :D
If everyone is thinking alike then somebody isn't thinking.

George S. Patton

 

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