Tear down and build dream home- how to start...
hledgerwood66
6 years ago
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Build your dream home or buy a second home
Comments (15)This should be a good time to build, with plenty of GC's and subs available due to the downturn in home starts. Build your dream home. I never 'got' the whole second home thing unless it was VERY nearby -- and then...why do it? I wouldn't be interested in driving three hours each way to one. Many are not that easily rented either unless they are in year-round vacation spots. As we were building our permanent home a rental we'd had on the market for some time finally sold. We did a 1031 and bought a condo on Maui. We use it one month a year. It's rented about 80% of the rest of the year. It carries itself; we have a free vacation rental; it's appreciated very well. It's nicely outfitted and we have an owner storage closet in the unit. (Yes, it IS more than three hours away, but we only go once a year!) An aunt and uncle had three homes: two an hour apart in RI and one in Florida. This is a very expensive and tiring proposition, keeping up three properties and moving posessions around between them. I have trouble remembering what's in the pantry at ONE home!...See Morefound dream home, but crack down wall in basement...
Comments (15)we have just been thru almost the same thing - we found a home in the school district we want, in a nice neighborhood where homes dont come up for sale all that often. however it is a contemporary style home (which I donÂt love) and itÂs got a vertical crack in the corner of the foundation and there is some sagging of floors and some drywall cracks. neighborhood scuttlebutt about the house was really scary, it was falling off the hill, one estimate for repairs was reported to be $80K, in a prior foreclosure the house had been virtually destroyed by the POs, rumour rumour etc however, the house was priced in the 160s in a neighborhood of 200+K homes. we made an offer on the house and negotiated a lower price. we were not afraid at all to do this because our contract had a contingency clause that required the home/structural inspection to be satisfactory to us. we were candid with the sellers, that if the structural insp was ugly, we would use that clause. we found a structural inspector ( actually, I knew him personally bc I had tutored his kid for ACT and SAT) but anyway he had a great reputation and was highly qualified. by this I mean: he has a masters in engineering from stanford. he is licensed and registered in 5 states he teaches the classes in which home inspectors get certified he worked for the army corps of engineers for many years on big projects heÂs has done almost 10,000 home and structural inspections heÂs a nationally recognized expert - teaches and testifies on "foundation and structure movement and repairs - their recognition, causes and cures." heÂs an active member in several professional societies like the NatÂl Society for Professional Engineers and the American Society for Home Inspectors some other things I find charming about him: he likes puzzles. some realtors are irritated by him because he uncovers stuff they would rather he didnÂt, and **included in his services are return site visits while and after the work is done - he will provide a final letter, with professional engineer stamp, certifying that the repairs have been performed as recommended and the structure is now structurally stable.*** Love him!! IÂm sorry if this sounds like spam, IÂm just a big fan. I get this enthusiastic about Mike Holmes on Holmes on Homes too!! if you choose a structural inspector, make sure he's qualified! it turned out that there were actually 2 problems causing the visible problems. the front foundation wall of the garage was being moved by the soil pressure - the fix is actually suprisingly low cost. the buttress that resists the hill should have been around 5 feet thick, it was only 1 foot thick. The fix is to cut slots in the garage wall, fill them with rebar and cement, creating piers. Then they will make the wall stable by adhering a carbon fiber mesh to the wall that keeps the wall from flexing. Lastly they will put 3 helical tie-backs thru the wall into the soil (anchors). The second issue is that there is insufficient support for a couple of loadbearing walls, causing the sagging in hte floor and some cracks in the drywall. So, we have to add 2 beams in the ceiling of the garage and one beam in the basement. we didn't know before the inspection what to expect in terms of costs, we were thinking it was probably somewhere between $20 and $80K to fix, depending on what they found. The cost for all this work is estimated to be $16K not the rumoured 80K. It helps the cost that the work can be done from the garage and basement, not inside the home. no excavation. We insisted the seller come down on the cost in the amount of the repairs and she came pretty close (within $3000 of it). We are aware that we are assuming a risk - that something unforseen may turn out to be very expensive. But we have done what we can to minimize the risk. i think you can put in an offer with the contingency clause without fear. then you have time to do the structural inspection with a skilled engineer and worst case scenario you are out the money you spent on the inspection. then, fully informed, you can be completely anxious about the next bit ;) for us, we feel that the low price of the home (we are paying 30%less than recent appraisal) and paying 40% less than most other homes in the neighborhood - is an offset for the risk also, since it's a desirable neighborhood with good resale, we feel that we can invest some $ and not price ourselves out of resale value also, the estimates for the repairs came back suprisingly low. our lowest estimate was $12K, but we have better references for the $16K contractors, so we're going with them. i am wondering how much more cracking and shifting will happen when the beams are put in, since the house may be slowly readjusted, but we know that it may happen. we may also have to live with a small amount of sagging - the house most likely cannot be returned to itÂs original alignment, but the cracking in walls will be arrested. HTH - sorry for the wordiness, IÂm just house-obsessed right now. we should close at the end of the month, and the structural work will start immediately - so I can report back when itÂs done and let you know what the rest of the experience has been like :) Good luck with your decision!...See MoreKids off to college - is it time to build our dream home?
Comments (63)Wow! What amazing words of wisdom - thank you for all your comments. Just to add a little color on some of the questions that were asked: We had our 3 kids very early, so while they are all off to college now my wife and I are still relatively young (48 & 46, respectively). We are still very healthy and active so we probably won't think seriously about retiring until we are around 55 or so. We have been working with an amazing architect over the past several months. He has been incredibly thoughtful in the design and flow of our house. It is absolutely beautiful. We are in the Midwest so part of the square footage includes basement space. The current design has about 3,600 sq ft on the main floor, 1,600 sq on the 2nd floor and about 2,200 finished sq ft in the basement for a total of roughly 7,400 sq feet of finished space. This does not include the 6-car garage, pool area or outdoor space. The first floor is pretty normal - foyer, kitchen, dining room, great room, master suite w/attached laundry, pantry, mud room, office, music room, lanai and a couple of half-baths. The 2nd floor has 3 bedroom suites and a laundry room The basement is where all the "nice to have's reside" For example, we have a large bar area, wine cellar, TV room, fitness room, dry sauna, play room (for future grandchildren), pool bathroom and a bunch of storage. The basement also walks out to a covered outdoor kitchen area which then flows into the pool area. We entertain a ton so we designed the basement to be very open and spacious. We also have a lake house that is a couple hours away. Honestly, we are thinking of selling it because we are not sure we will ever want to leave this house... although I think our kids will protest quite heavily because they love to go to the lake! The house will sit on roughly .75 acres. We fully intend on outsourcing all the landscaping, yard work and pool maintenance. We both have pretty demanding jobs and don't really want to spend all our free time pushing a mower around or cleaning a pool. No offense to anyone - we have done this work for years, but the older we get the less appealing it is. We are installing a geothermal system that will not only heat and cool the house and provide hot water, but it will also heat the pool very efficiently. We are also going heavy with insulation, windows and doors. We had an energy study performed and all indications are that our utility bills should not be significantly higher than our current house. Long story short - we are going to go for it! Maybe in 10 or 15 years it will be too much for us to handle, but until then we are going to squeeze every ounce of enjoyment out of this house and create some wonderful memories with our family. Thank you again to everyone who contributed to this thread. We are sincerely thankful for your input....See MoreTear down and rebuild exterior stairs -- where do I start?
Comments (11)@User Thanks. I suspect it was not up to code when it was built. I'm almost sure there was another stairway there at some point in the past, which the previous owner replaced with what's there now. I bought it as a foreclosure, so I don't know exactly what was done when. Would it make sense for me to talk to an architect first? Should I go through a GC? I worry I would spend a bunch of money and then an architect would tell me there's no way to improve it given the amount of space I have. But maybe that's the risk I have to take....See MoreJeffrey R. Grenz, General Contractor
6 years agoSummit Studio Architects
6 years agosoutheasthouse
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6 years agoartemis_ma
6 years ago
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