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Building your own home
On Dec 30, 12:41*pm, Boater wrote:
BAR wrote: Boater wrote: BAR wrote: Boater wrote: Reginald P. Smithers III, Esq. wrote: Boater wrote: Reginald P. Smithers III, Esq. wrote: Boater wrote: Reginald P. Smithers III, Esq. wrote: Boater wrote: Gene wrote: On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. *Has anyone in the group done this and do they have any words of advice? Yes, with three houses and two workshops. Not only was I General Contractor, I was also 50% of the labor. Your only real savings, in this market, will be sweat equity. You can buy cheaper than you can build.... you just have to find an equally desperate mortgagee and mortgagor.... *or you could do it the seat equity route, if you have the cash, tools, and a desire to make it happen. No bank is going to let *you* (as their mortgagor) serve as General Contractor unless you hold a contractor's license. Advice? You're crazy to even attempt it...... uh, but wasn't I thinking about adding on to the workshop..... .... Oh, never mind...... It's an incredible burner of time. I had to do it because the general I hired to build a custom home in Northern Virginia turned out to be way overextended financially from previous projects, and could not line up the subs I wanted, and was teetering. Took the builder to court, had a civil jury trial, and won a settlement of more than $100,000. Never collected anything but the builder's license bond from the state. With the help of the lumberyard (who issued the construction bond) and my bank, I took over when the foundation had been laid and the slabs poured, hired a project manager to oversee the subs on salary and bonus, and completed the house just a hair over budget. I had to be on the site for about an hour at 6:30 AM just about every morning. It was a huge house, ultra modern, with four full brick fireplaces, nearly 4000 square feet on the main level, and another 3,000 square feet finished in the basement. I looked it up on Zillow early last year and it was valued at more than $1.5 million. The "crash" of the real estate market apparently hit Northern Virginia hard, because when I looked it up on Zillow earlier this evening, it was valued at about $1.1 million. Just checked the second house I owned in Northern Virgina...it was the one we sold to build the custom house. I paid $87k for it - nice builder's subdivision house - and sold it about five years later for $160,000, I think. Zillow has it at $600,000 and change. Not bad, and the blue spruce trees I planted there in the mid-1970s are at least 40 feet tall and full triple wides. Nice story, and pictures? There are aerial pictures of both places on Zillow. Soon as you provide your full legal name here and I verify it, I'll be glad to supply the addresses of the houses. Ok, how do you plan on verifying my full legal name? Quietly; not the way you would do it. I am always curious why you want to know my full legal name? * What's the deal? Simple. My feeling is that if your full legal name were publicly known here, you'd be far less of a snark. Knowing who you are hasn't improved your behavior or has it? I'm not a coward. Reggie is. You are a verbal bully. You are afraid to meet those who you have verbally abused in person for fear of having your attitude physically adjusted. That's simple-minded bull****. First, there are very very very few people in this newsgroup I care to meet. I certainly am not going to waste my time meeting someone I don't care to meet just for the sake of "meeting" them. Second, I seriously doubt any of the loud-mouthed right-wing schitts in this newsgroup have what it takes to adjust my attitude. Most of them are cowards hiding behind screen names, and fearful of their identities leaking out. My identity is no secret. Third, if any of the little schitts show up at my front door looking for trouble, I guarantee they will find it. If they show up to say hello, they'll be welcomed. Fourth, when your butt buddy Herring's old boat was out for maintenance, I invited him out to go fishing. He turned it down. If I recall, I invited you out, too. If memory serves, you are the only two loud-mouthed right-wing schitts in my immediate area, right? Short-guy Scotty, another loud-mouthed right-wing schitt, has an open invite to stop by any time. So, who do you think I fear? Brain-dead Loogy? Reggie NoBalls? Florida Jim, the twerp so frightened he doesn't want anyone to know where in Central Florida he lives?- Hide quoted text - - Show quoted text - For shooting or for fishing?? |
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