Thoughts on this little house in Bethesda?

[Anonymous]

Anonymous wrote:Another monstrosity’s going to come up.

Well there are giant houses on either side, so for cohesiveness yeah a similar house on that lot would be the right way to go instead of trying to build a house that looks like "the little engine that could". It's an odd look. The neighbors don't like it either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And this is why houses are overpriced. A young newlywed couple should buy it, put sweat equity in and live in it 10-15 years and move out when 2-3 kid comes and let next young couple or empty Nestor but it.

Instead a huge overpriced unaffordable ugly big box of a house with high property taxes built. An affordable home home forever

+1 The text says that you can build your dream home. This already is someone’s dream home. I saw a meme on FB recently that I can’t shake - it was basically your home is a dream for the homeless, your job is a dream for the unemployed, etc.

Agree with you 100%, PP.

No one is stopping anyone else from buying it and remodeling it.

True, however that non-developer would need to come in with 1) all cash 2) no contingencies NONE 3) quick close
It's going to be hard to find someone who is not a developer who is willing to plop down $800K+ in cash, for THAT house. Sorry but it's reality. A person who is buying wants to buy something to live in now, not a year from now. And they don't want to be in the shadow of two homes, literally in the shadow.

BS you can buy, paint, fix yourself easy to do on a small home. My first home 1,300 sf was a real fixer upper. Was filthy and wrecked. I had no budget. But I did pay to have floors sanded, cleaned 5 days before hiring pro cleaners for day, then threw painting party had 12 people over with pizza and beer for a ten hour day. Fixed all Minor stuff and moved in.

Guess what it can be done. This house pretty easy move in and in And ten years dormer it with a second floor

Gonna start calling you "sweat equity" guy.

This house is almost 90 years old. For it to be a sweat equity project you'd need for it to have been kept in a state of decent repair for that last 90 years. And tehre's little to no chance of major appreciation even if you did put all your blood, sweat, and tears into it. We're in a different age, Gramps. Sorry.

No it does not. My first house was a train wreck of allumnum wires, abestos, lead and green and brown appliances, stained wall to wall carpet and Formica plus wall paper paneling. The good bones are beneath that. I renovated house mainly myself. Hired pros over time during recessions when deals were to be had.

Sold my 1,300 sf house and plenty of newly weds and empty Nestor’s dying for a small house, low taxes in great shape.

I guess watching P0RN hub and video gaming todays men don’t have time to paint and do repairs

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And this is why houses are overpriced. A young newlywed couple should buy it, put sweat equity in and live in it 10-15 years and move out when 2-3 kid comes and let next young couple or empty Nestor but it.

Instead a huge overpriced unaffordable ugly big box of a house with high property taxes built. An affordable home home forever

+1 The text says that you can build your dream home. This already is someone’s dream home. I saw a meme on FB recently that I can’t shake - it was basically your home is a dream for the homeless, your job is a dream for the unemployed, etc.

Agree with you 100%, PP.

No one is stopping anyone else from buying it and remodeling it.

True, however that non-developer would need to come in with 1) all cash 2) no contingencies NONE 3) quick close
It's going to be hard to find someone who is not a developer who is willing to plop down $800K+ in cash, for THAT house. Sorry but it's reality. A person who is buying wants to buy something to live in now, not a year from now. And they don't want to be in the shadow of two homes, literally in the shadow.

BS you can buy, paint, fix yourself easy to do on a small home. My first home 1,300 sf was a real fixer upper. Was filthy and wrecked. I had no budget. But I did pay to have floors sanded, cleaned 5 days before hiring pro cleaners for day, then threw painting party had 12 people over with pizza and beer for a ten hour day. Fixed all Minor stuff and moved in.

Guess what it can be done. This house pretty easy move in and in And ten years dormer it with a second floor

Gonna start calling you "sweat equity" guy.

This house is almost 90 years old. For it to be a sweat equity project you'd need for it to have been kept in a state of decent repair for that last 90 years. And tehre's little to no chance of major appreciation even if you did put all your blood, sweat, and tears into it. We're in a different age, Gramps. Sorry.

No it does not. My first house was a train wreck of allumnum wires, abestos, lead and green and brown appliances, stained wall to wall carpet and Formica plus wall paper paneling. The good bones are beneath that. I renovated house mainly myself. Hired pros over time during recessions when deals were to be had.

Sold my 1,300 sf house and plenty of newly weds and empty Nestor’s dying for a small house, low taxes in great shape.

I guess watching P0RN hub and video gaming todays men don’t have time to paint and do repairs

You may be onto something with that last sentence, but alas, I am no man.

Are you aware of the modern requirements to remediate asbestos and lead paint?

[Anonymous]

Can most developers handle this type of project right now? $$ isn't exactly cheap and this isn't always the fastest area to get everything approved. With that lot size, I'm not sure what they'll put up or how quickly it can be done. This one doesn't come without risk and the location is only pretty good.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And this is why houses are overpriced. A young newlywed couple should buy it, put sweat equity in and live in it 10-15 years and move out when 2-3 kid comes and let next young couple or empty Nestor but it.

Instead a huge overpriced unaffordable ugly big box of a house with high property taxes built. An affordable home home forever

+1 The text says that you can build your dream home. This already is someone’s dream home. I saw a meme on FB recently that I can’t shake - it was basically your home is a dream for the homeless, your job is a dream for the unemployed, etc.

Agree with you 100%, PP.

No one is stopping anyone else from buying it and remodeling it.

True, however that non-developer would need to come in with 1) all cash 2) no contingencies NONE 3) quick close
It's going to be hard to find someone who is not a developer who is willing to plop down $800K+ in cash, for THAT house. Sorry but it's reality. A person who is buying wants to buy something to live in now, not a year from now. And they don't want to be in the shadow of two homes, literally in the shadow.

BS you can buy, paint, fix yourself easy to do on a small home. My first home 1,300 sf was a real fixer upper. Was filthy and wrecked. I had no budget. But I did pay to have floors sanded, cleaned 5 days before hiring pro cleaners for day, then threw painting party had 12 people over with pizza and beer for a ten hour day. Fixed all Minor stuff and moved in.

Guess what it can be done. This house pretty easy move in and in And ten years dormer it with a second floor

Gonna start calling you "sweat equity" guy.

This house is almost 90 years old. For it to be a sweat equity project you'd need for it to have been kept in a state of decent repair for that last 90 years. And tehre's little to no chance of major appreciation even if you did put all your blood, sweat, and tears into it. We're in a different age, Gramps. Sorry.

No it does not. My first house was a train wreck of allumnum wires, abestos, lead and green and brown appliances, stained wall to wall carpet and Formica plus wall paper paneling. The good bones are beneath that. I renovated house mainly myself. Hired pros over time during recessions when deals were to be had.

Sold my 1,300 sf house and plenty of newly weds and empty Nestor’s dying for a small house, low taxes in great shape.

I guess watching P0RN hub and video gaming todays men don’t have time to paint and do repairs

You may be onto something with that last sentence, but alas, I am no man.

Are you aware of the modern requirements to remediate asbestos and lead paint?

Yes and the law actually is only if you test and know for sure it is. A homeowner is free to rip it out and toss it as long as not tested

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:And this is why houses are overpriced. A young newlywed couple should buy it, put sweat equity in and live in it 10-15 years and move out when 2-3 kid comes and let next young couple or empty Nestor but it.

Instead a huge overpriced unaffordable ugly big box of a house with high property taxes built. An affordable home home forever

+1 The text says that you can build your dream home. This already is someone’s dream home. I saw a meme on FB recently that I can’t shake - it was basically your home is a dream for the homeless, your job is a dream for the unemployed, etc.

Agree with you 100%, PP.

No one is stopping anyone else from buying it and remodeling it.

True, however that non-developer would need to come in with 1) all cash 2) no contingencies NONE 3) quick close
It's going to be hard to find someone who is not a developer who is willing to plop down $800K+ in cash, for THAT house. Sorry but it's reality. A person who is buying wants to buy something to live in now, not a year from now. And they don't want to be in the shadow of two homes, literally in the shadow.

BS you can buy, paint, fix yourself easy to do on a small home. My first home 1,300 sf was a real fixer upper. Was filthy and wrecked. I had no budget. But I did pay to have floors sanded, cleaned 5 days before hiring pro cleaners for day, then threw painting party had 12 people over with pizza and beer for a ten hour day. Fixed all Minor stuff and moved in.

Guess what it can be done. This house pretty easy move in and in And ten years dormer it with a second floor

Gonna start calling you "sweat equity" guy.

This house is almost 90 years old. For it to be a sweat equity project you'd need for it to have been kept in a state of decent repair for that last 90 years. And tehre's little to no chance of major appreciation even if you did put all your blood, sweat, and tears into it. We're in a different age, Gramps. Sorry.

No it does not. My first house was a train wreck of allumnum wires, abestos, lead and green and brown appliances, stained wall to wall carpet and Formica plus wall paper paneling. The good bones are beneath that. I renovated house mainly myself. Hired pros over time during recessions when deals were to be had.

Sold my 1,300 sf house and plenty of newly weds and empty Nestor’s dying for a small house, low taxes in great shape.

I guess watching P0RN hub and video gaming todays men don’t have time to paint and do repairs

You may be onto something with that last sentence, but alas, I am no man.

Are you aware of the modern requirements to remediate asbestos and lead paint?

Yes and the law actually is only if you test and know for sure it is. A homeowner is free to rip it out and toss it as long as not tested

Mmm. I love the smell of mesothelioma in the morning.

[Anonymous]

Anonymous wrote:Can most developers handle this type of project right now? $$ isn't exactly cheap and this isn't always the fastest area to get everything approved. With that lot size, I'm not sure what they'll put up or how quickly it can be done. This one doesn't come without risk and the location is only pretty good.

Yes of course. You're making sound like rates have never been 7% before, or that it's only recently that permits have been a challenging process. This is nothing new to developers. And it's also possible they'll use their own money for the project instead of getting a hard money loan. In terms of the location, it's not "pretty good", it's great.