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 ShockValue
Because, ShockValue.
Registered: 11/18/08
Posts: 5,008
Loc: Tipping at windmills.
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 House remodel 
#12246646 - 03/22/10 03:49 AM (3 years, 1 month ago) |
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Couple years ago my wife and I bought a house to "flip". Did all the work ourselves and learned a lot. It was WAY more work than we had intended, and it took about 3x as long... Since we got the DIY forum here, I thought I'd show off a few shots.
It's not a spectacular house, so we had to keep our costs low. A lot of the interior stuff came from IKEA. Looks cute, but is cheap.
We intended to just clean it up, but the more we dug, the more we wanted to rip it out and make it nice.
Gutted:
Before and After Shots:
Anyway.. Hope you like. We didn't make much money off it because the length of time it took us to do it, and the timing of the market. But we made a couple bucks, and more importantly, didn't lose our shirt.
Things I learned:
1: Popcorn ceilings suck ass.
2: I don't like plumbing
3: I REALLY don't like drywall
4: Fixing old wiring is harder than just running your own new stuff.
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- When we built temples to view the stars, we knew about all 2000 of them.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
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Quote:
ShockValue said:
Couple years ago my wife and I bought a house to "flip". Did all the work ourselves and learned a lot. It was WAY more work than we had intended, and it took about 3x as long... Since we got the DIY forum here, I thought I'd show off a few shots.
It's not a spectacular house, so we had to keep our costs low. A lot of the interior stuff came from IKEA. Looks cute, but is cheap.
We intended to just clean it up, but the more we dug, the more we wanted to rip it out and make it nice.
Gutted:
Before and After Shots:
Anyway.. Hope you like. We didn't make much money off it because the length of time it took us to do it, and the timing of the market. But we made a couple bucks, and more importantly, didn't lose our shirt.
Things I learned:
1: Popcorn ceilings suck ass.
2: I don't like plumbing
3: I REALLY don't like drywall
4: Fixing old wiring is harder than just running your own new stuff.
I'm curious -
You say you bought a couple of years ago meaning presumably two. So you either paid cash or financed this home and have since spent considerable time and money fixing up the house since then. In the meantime you have received no rent. Apparently you haven't sold yet either so how have you exactly "made a couple of bucks"? If you say I bought cheap enough versus what I expect to sell it for after all my costs, what about all your TIME? Did you have enough left over to pay yourself?
I like the fact you did it yourself, learned a lot and kept your costs low. Looks to me you did a great job redesigning in terms of reusing space by eliminating the garage and recapturing living space and based on what you did in the kitchen. Light colors always work.
Did you get all your permits and inspections done with the electrical in particular? I know you obviously are on top of your game so they are all on file.
P.S. If you are going to keep this one or the next one as a rental, I would suggest no more laminate in the kitchen. Use the no glue linoleum, much more water resistant and a lot easier to install (although laminate ez too). At $15 a sq. yard for some very nice no glue linoleum I bought recently it compares to all but the cheapest laminate.
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ShockValue
Because, ShockValue.
Registered: 11/18/08
Posts: 5,008
Loc: Tipping at windmills.
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Oh I sold it just a few days after the renovations were complete. Didn't mean to imply that I still owned the place. Just now getting to posting pictures since I noticed the DIY forum 
Initial Cost X$
Materials Y$
Monthly Mortgage Z$
Closing Costs W$
Sold it for X+Y+(9*Z)+W+$15,000.
Monitarily was it worth it? Probably not. But would I still do it again if I could go back in time? Probably. I kind of wish I would have kept it as a rental, but at the time I was looking for a bit of quick cash. Although it would have depreciated a bit due to the economy, in the long run I would have made more on it most likely.
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- When we built temples to view the stars, we knew about all 2000 of them.
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 zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,253
Last seen: 1 minute, 4 seconds
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Quote:
ShockValue said:
We intended to just clean it up, but the more we dug, the more we wanted to rip it out and make it nice.
5th Law of Conservation of Money:
Remodeling expands to consume the amount of money available.
Glad to hear you got out of it whole. Many did not.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
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Quote:
zappaisgod said:
Quote:
ShockValue said:
We intended to just clean it up, but the more we dug, the more we wanted to rip it out and make it nice.
5th Law of Conservation of Money:
Remodeling expands to consume the amount of money available.
Glad to hear you got out of it whole. Many did not.
What's amazing is that people could become rich landlords in a market that generally went down minimum 20% while hiring contractors such as plumbers and electricians.
Fucking Amazing.
Oh wait NOW you admit Life In The Real Estate Market Is But A Dream?
Busted Zappa Of course not keep spewing BS...
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Don't submit to dogma.
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ShockValue
Because, ShockValue.
Registered: 11/18/08
Posts: 5,008
Loc: Tipping at windmills.
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um wut?
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- When we built temples to view the stars, we knew about all 2000 of them.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
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Quote:
ShockValue said:
um wut?
read the thread on how to make money being a landlord zappa thinks the well runs deep
Edited by LunarEclipse (03/22/10 05:57 PM)
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ShockValue
Because, ShockValue.
Registered: 11/18/08
Posts: 5,008
Loc: Tipping at windmills.
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If I said I made a profit, then I made a profit. Making $15k or so on a house flip isn't exaclty big money. Especially when I did 100% of the work myself.
Sounds like you lost money in real estate lately?
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- When we built temples to view the stars, we knew about all 2000 of them.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
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Quote:
ShockValue said:
If I said I made a profit, then I made a profit. Making $15k or so on a house flip isn't exaclty big money. Especially when I did 100% of the work myself.
Sounds like you lost money in real estate lately?
Not a prayer I don't sell when it's down but good news I bought so cheap and rented so long I am in Fat City.
As for your "story", if you made $15k over a TWO YEAR "house flip" then I would frankly be amazed. I think you are BSing...
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Don't submit to dogma.
Edited by LunarEclipse (03/22/10 06:07 PM)
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ShockValue
Because, ShockValue.
Registered: 11/18/08
Posts: 5,008
Loc: Tipping at windmills.
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Nowhere did I say it took 2 years. If you look at my basic equation you'll see that I payed 9 months mortgage, which was still 3x as long as planned, but hey, you can't really predict when you're wife is going to get deathly ill, now can ya?
--------------------
- When we built temples to view the stars, we knew about all 2000 of them.
Edited by ShockValue (03/22/10 06:10 PM)
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
|
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Quote:
ShockValue said:
Couple years ago my wife and I bought a house to "flip". Did all the work ourselves and learned a lot. It was WAY more work than we had intended, and it took about 3x as long... Since we got the DIY forum here, I thought I'd show off a few shots.
It's not a spectacular house, so we had to keep our costs low. A lot of the interior stuff came from IKEA. Looks cute, but is cheap.
We intended to just clean it up, but the more we dug, the more we wanted to rip it out and make it nice.
Gutted:
Before and After Shots:
Anyway.. Hope you like. We didn't make much money off it because the length of time it took us to do it, and the timing of the market. But we made a couple bucks, and more importantly, didn't lose our shirt.
Things I learned:
1: Popcorn ceilings suck ass.
2: I don't like plumbing
3: I REALLY don't like drywall
4: Fixing old wiring is harder than just running your own new stuff.
COUPLE OF YEARS AGO MY WIFE AND I BOUGHT A HOUSE TO FLIP
LAY off the yayo
--------------------
Don't submit to dogma.
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ShockValue
Because, ShockValue.
Registered: 11/18/08
Posts: 5,008
Loc: Tipping at windmills.
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Quote:
LunarEclipse said:
COUPLE OF YEARS AGO MY WIFE AND I BOUGHT A HOUSE TO FLIP
LAY off the yayo
Ok, let me elaborate:
Couple of years ago my wife and I bought a house to flip. And then we sold it 1 year and 3 months ago.
--------------------
- When we built temples to view the stars, we knew about all 2000 of them.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
|
|
Quote:
ShockValue said:
Couple years ago my wife and I bought a house to "flip". Did all the work ourselves and learned a lot. It was WAY more work than we had intended, and it took about 3x as long... Since we got the DIY forum here, I thought I'd show off a few shots.
It's not a spectacular house, so we had to keep our costs low. A lot of the interior stuff came from IKEA. Looks cute, but is cheap.
We intended to just clean it up, but the more we dug, the more we wanted to rip it out and make it nice.
Gutted:
Before and After Shots:
Anyway.. Hope you like. We didn't make much money off it because the length of time it took us to do it, and the timing of the market. But we made a couple bucks, and more importantly, didn't lose our shirt.
Things I learned:
1: Popcorn ceilings suck ass.
2: I don't like plumbing
3: I REALLY don't like drywall
4: Fixing old wiring is harder than just running your own new stuff.
Quote:
ShockValue said:
Quote:
LunarEclipse said:
COUPLE OF YEARS AGO MY WIFE AND I BOUGHT A HOUSE TO FLIP
LAY off the yayo
Ok, let me elaborate:
Couple of years ago my wife and I bought a house to flip. And then we sold it 1 year and 3 months ago.
Sure you did and congrats.
--------------------
Don't submit to dogma.
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ShockValue
Because, ShockValue.
Registered: 11/18/08
Posts: 5,008
Loc: Tipping at windmills.
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Hey, while you're at it, why don't you go shit in my other house build thread too? Just to make your assanine assumptions and acusations complete.
--------------------
- When we built temples to view the stars, we knew about all 2000 of them.
|
LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
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Quote:
ShockValue said:
Hey, while you're at it, why don't you go shit in my other house build thread too? Just to make your assanine assumptions and acusations complete.
Well Hey what other thread? And why would I bother?
Next Nail Drive It In Your Skull.
Ouch.
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Don't submit to dogma.
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,253
Last seen: 1 minute, 4 seconds
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Still all butthurt about getting your ass handed to you in the landlord thread, I see.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
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Quote:
zappaisgod said:
Still all butthurt about getting your ass handed to you in the landlord thread, I see.
No you convinced me the real estate market has gone up in the last few years. Lay off the crack.
--------------------
Don't submit to dogma.
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zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 42,253
Last seen: 1 minute, 4 seconds
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Amazing.
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LunarEclipse
Mr. Dogma Free
Registered: 10/31/04
Posts: 10,635
Loc: The Hand
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Quote:
ShockValue said:
Hey, while you're at it, why don't you go shit in my other house build thread too? Just to make your assanine assumptions and acusations complete.
You got me Shock I believe you now that other thread is way too awesome of a project not to believe you on the remodel.
Forgive me.
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Don't submit to dogma.
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 Kisper
Fractal Being
Registered: 01/25/10
Posts: 393
Last seen: 11 months, 1 day
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Well Shock, I think it turned out nice. Grats on the experience and making it out alive in this economy.
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