Housing mastermen: dissuade me from buying a 100+ year old house (pics)
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Date: November 10th, 2017 2:39 PM Author: Walnut set
I bought a 101 year old house and it always costs way more than you think it will. I actually love my house but it's been a huge pain in the ass at times
there's probably asbestos in the walls or around HVAC vents (I discovered it doing a kitchen gutjob and had to spend $2,500 just to remove it then my HVAC bill went up to $8000 from $800 budgeted).
the foundation is probably fucked in one way or another
the insulation might be sub-par
the plumbing and electrical are always questionable too
if it was renovated recently, I can almost guarantee you it was done half-assed unless it was done by someone who intended to live there long term.
make sure you get an absolutely 180 home inspector because mine missed several thousand dollars in necessary repairs that hit me a few months after I closed on the house. it was 120 as fuck
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34654839) |
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Date: November 10th, 2017 2:42 PM Author: obsidian irradiated parlour
>>if it was renovated recently, I can almost guarantee you it was done half-assed unless it was done by someone who intended to live there long term.
>>make sure you get an absolutely 180 home inspector because mine missed several thousand dollars in necessary repairs that hit me a few months after I closed on the house. it was 120 as fuck
mfcr, and I'd walk through with a contractor too / instead of some $295 check-the-box home inspector if you can.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34654869) |
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Date: November 10th, 2017 2:44 PM Author: Walnut set
180 idea. I'd have both go through at the same time so they can argue with each other.
going through a $62,000 total kitchen gut job and rebuild this past summer made me learn one rule:
if you want to renovate an old ass house and make money on a flip, you have to cut every corner imaginable because it's a fucking money pit. I did my kitchen properly, it's amazing, and a show piece, but I will not make $62,000 in equity out of it for years to come, if ever.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34654885) |
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Date: November 10th, 2017 2:51 PM Author: Walnut set
yes, but I make a fuckload of money right now in a low COL area so I didn't really worry about lighting it on fire and throwing it off a bridge. my mortgage, taxes, and insurance come out to like $1400 per month lol
I would budget 10-20% of the home value in cash if the house is really old. if it's been recently worked on or a really overpriced area you can adjust accordingly, but I had to sink $25,000 into this house just to get it up and running
then $62,000 for the kitchen I wanted (including total demo to the studs, new HVAC, asbestos removal, foundation bracing, etc)
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34654958) |
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Date: November 10th, 2017 2:43 PM Author: Blathering adventurous foreskin parlor
Yeah that's awesome. You spend 13 hours a day in a totally fake corporate office environment already. Why make your house some engineered POS?
If it gets drafty in the winter, light a fire in your big ass fireplace and pour some Scotch.
Large closets and open floorplans are for women.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34654876) |
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Date: November 10th, 2017 4:05 PM Author: Vigorous rambunctious wagecucks
there's a difference between girls who spend money to look hot vs girls who spend money on labels though.
i don't mind if jewess spends on looking hot, and i actually encourage it.
i wouldn't want her just spending for labels.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34655690) |
Date: November 10th, 2017 2:40 PM Author: amethyst elite candlestick maker
I think this is always one of those ideas that sound way cooler in theory than in reality.
I hate dealing with shit in a 10 year old house... Can't imagine all the fucked up shit in an old house.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34654853) |
Date: November 10th, 2017 2:49 PM Author: Vigorous rambunctious wagecucks
old houses are 180, but you have to be sure you do your diligence and figure out all the issues prior to buying.
if you can do that, then, assuming your budget is robust enough, you will get a home for the price that often has way better detail and materials than anything you could build new.
westchester has some fantastic older homes. it's just too bad the taxes are so high.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34654943) |
Date: November 10th, 2017 2:56 PM Author: harsh nubile queen of the night fortuitous meteor
Unless you are competent to do 'minor wiring' (short of service panels) and plumbing, don't do it. based on the above you do not have a skill set suitable for this house.
DO NOT DO IT
-- Someone who owned a nice 60 year old house (and NOW has those skills).
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34655000) |
Date: November 10th, 2017 3:01 PM Author: yapping navy lay goal in life
I own a house that is about 130 years old. It can be a real pain in the ass. Based on my experience and the experience of others I know, you can be relatively sure that you will get surprised with an expensive issue within six months of closing, particluarly if the house has been flipped or if the previous owner tried to do a lot of work on the place on their own. Make sure you get a good inspector and follow the suggestion above about having a contractor look at the place, too.
That said, there are some great older homes.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34655068) |
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Date: November 10th, 2017 3:59 PM Author: sooty mildly autistic multi-billionaire
"If it's $150k to get it on par with a house built in 1975--in terms of problems with electric, plumbing, foundation"
That isn't really how it works. For example, if you're updating electric then you're updating it to 2017 standards, so it will be better than what a house built in 1975 has. For example, for my house the electric co had to run a completely new line, we put in a 200 amp breaker, etc. A house built in 1975 had like 100 amp tops.
OTOH, you may have stuff there that will be over 100 years old. For example, many of our walls are still lath and plaster instead of drywall. That has pros and cons itself.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34655624) |
Date: November 10th, 2017 3:51 PM Author: sooty mildly autistic multi-billionaire
Tax Amount: $33,042
lololol. You are going to get megafucked by the new tax plan. NYS income tax + those prop taxes + limited mortgage deduction.
The house itself looks nice, my house is a 19th-century house and tbh, they were built way better back then. Yes, stuff will be old and need to be replaced but you can factor that into the price during haggling.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34655547) |
Date: November 10th, 2017 5:12 PM Author: Talented Mahogany Degenerate
We live in a house built in the 1920s which has been reasonably well maintained. When we bought, it had a new roof, relatively new hvac, 10 year old water heater, “new” electrical, very minor foundation issues. Within 3 months, the outside hvac unit broke, water heater broke and contractor we hired found massive hole and leak in the roof of the addition that was added on in the 1960s.
We spent about $120k re-doing all the plumbing, windows, gut kitchen and baths and floors etc. the “new” electrical had some dangerous issues that presented a fire hazard so we replaced all that as well. All the pipes were galvanized which we knew. We replaced with all copper pipes and redid all drains to where it connects to the city sewer line. Water pressure is now great. We haven’t re-done the insulation in the attic yet, but it’s SoCal so not as critical. Windows are also very expensive if you want nice non-vinyl wood/fiberglass frames. These old houses generally have really creaky old windows with wooden frames but it looks like shit if you replace them with cheap jelwen vinyl windows from Home Depot or whatever.
I only have a 1600 square foot house. Expect to pay more for a huge home. I like the details of the house that the cookie cutter houses don’t have like a curved ceiling and arched doorways. We are planning on staying here for at least 10 years so it was worth it to us to spend that sort of money to upgrade everything.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34656618) |
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Date: November 10th, 2017 5:15 PM Author: Vigorous rambunctious wagecucks
>> When we bought, it had a new roof, relatively new hvac, 10 year old water heater, “new” electrical, very minor foundation issues. Within 3 months, the outside hvac unit broke, water heater broke and contractor we hired found massive hole and leak in the roof of the addition that was added on in the 1960s. <<
Note that all that stuff is either modern, or post-war.
meanwhile many 1920s homes have boilers original to the house that still work.
(http://www.autoadmit.com/thread.php?thread_id=3792404&forum_id=2#34656666) |
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