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Real Estate
Reply to "Buying an old house regret"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Also contractors love to rip off young couples first home with dual income and don’t know how to do repairs. Literally when I listed house for sale the nonsense quotes I got for repairs. One young couple got a 20,000 quote on a so called roof and foundation issue. I called two guys and told them since house empty I was flipping It and needed a fix on a tight budget for cash. Guy threw out $3,700. Buy booked for three weeks. I ended up spending 20 hours on the weekend with $300 in materials did it myself only cause wanted to move house. It passed inspection. So what was crack in foundation. I had oil heat, someone pulled the pipe where oil came into house and did bad patch job. I fixed that easy. Roof issue. Black tar around deck railings needed to be re tarred. Needed some new flashing nailing in and a part off gutter. A older house is a money pit if you call contractors. My favorite I had water flood in kitchen. Insulation behind cabinets wet got a 32k estimate, rip out cabinets, pull Sheetrock, replace cabinets. I then realized it is external wall and vinyl siding. I bought a five dollar tool removed siding, pulled off plywood. Then removed wet insulation, mold spayed. Let it dry out a bit. Put new insulation in and put back up board and siding. $100 bucks if insulation. [/quote] The difference here is that you understand how a house is constructed. You venture out of the lightbulb and xmas aisles at Home Depot. Most young home owners do not know that you can buy compound to patch foundation, that you can buy waterproofing, what the flashing does or how it is secured to the roof. Fixing the insulation from the outside makes perfect sense if you understand your home. [/quote] This isn't just about knowing how your house is constructed, and being familiar with home depot. Most people simply don't have the time to do all the necessary work. It's easy to do a couple projects where you can get your hands on the supplies and tools. I spend almost every weekend working on my house. But I still need multiple contractors to take on larger projects like ductwork, HVAC, floors, windows, exterior painting, etc.[/quote]
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