The Money Mustache Community
Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: 123flip on June 11, 2014, 06:37:53 AM
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For anyone here who is thinking about building new construction (or is just interested in the process), my wife and I are getting ready to tear-down and rebuild our personal residence, and we're documenting the entire process online. This includes live video streaming, time-lapse videos, detailed plans/specs, pictures, daily blog updates, budgets, schedules, contractor bids/invoices, etc.
If you're interested, you can check out the site here: http://www.TheScottPad.com (http://www.TheScottPad.com)
Let me know if there is anything else you'd like to see or if you have any questions!
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This will be great to read - thanks!
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Looks like a fun project and a nice home. I really like the detailed budget and timeline and hope your hit all your targets! Most blogs like this don't put a lot of detail in them and you have tons of it. I've flipped multiple homes and have put on large additions, the next step is to build so I appreciate a great blog on this subject matter.
The only thing I would like is a little insight on things you added/deleted pre-construction based on meeting with the architect/contractors as I'm sure these plans had a couple iterations. Best of luck!
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Looking forward to following it, J.
Thanks for your transparency, I love reading your posts.
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The only thing I would like is a little insight on things you added/deleted pre-construction based on meeting with the architect/contractors as I'm sure these plans had a couple iterations. Best of luck!
If you watch the videos of my wife, you'll get a lot of that. She walks through the first several months of struggling with the footprint and floorplan, and posts some of our earlier iterations of the design as well...
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Wow, $350,000 on top of what you spent for the original house. Though I assume that's a deal in the DC area.
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Wow, $350,000 on top of what you spent for the original house. Though I assume that's a deal in the DC area.
If you take a look at the appraisal I posted on the site, we're going to have a good bit of equity when the build is done (so, that's the bright side of spending what we're spending)...because this is close to DC and in a great school district, housing prices here are crazy high, unfortunately...
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Wow, $350,000 on top of what you spent for the original house. Though I assume that's a deal in the DC area.
If you take a look at the appraisal I posted on the site, we're going to have a good bit of equity when the build is done (so, that's the bright side of spending what we're spending)...because this is close to DC and in a great school district, housing prices here are crazy high, unfortunately...
No doubt, it's just always eye opening for me to see what other parts of the country pay for housing.
Looks like a fun project, good luck!