(no subject)
Jan. 24th, 2015 08:01 amToday is my anniversary of going to settlement on my DC house in Columbia Heights. I am nowhere near moving in.
The new plans, splitting the units into completely different drawing sets, were submitted 12/18/14. I believe there is a 90 day ("max") delay in the city responding, though when I checked with my contractor I didn't hear back.
When the plans are approved, I'm told the main build time is only 2-3 weeks. The plan was; possibly is, to do the top 2 floors first, then move in - discover all the detail problems (they say the last 10% of the work takes half the time), all while making the basement. This might make moving in spring to early summer?
When I started I thought of spending 35-50k to make the basement a legal rental on a 610k home, plus renovate the top floors a bit. So say I thought I might spend 700k a the high end. As I saw problems and began to realize how difficult it was to do part of the work, I slipped into the plan of gutting everything - that part of the plan I do not regret in any way. Since there were really no original elements in this 100 year old house left to preserve, it was definitely worth pulling out the electric and water (a pipe burst during the teardown - imagine if I had renovated with that behind the walls?) So the budget now is in the 200-250 range, making this a 800-850 spent venture. Value when done? A sloppy flip a few doors down sold for the 800s some years ago and values appear generally up. It's hard to compare now as any house this size is often bought and flipped into 3 condos for 450-500 each.
My goal was to rent out the basement and my VA condo. I changed that goal to renting 1 bedroom (or 2) in my house and the basement, plus the condo. Now, well more later but I may not be renting out any bedrooms and one will definitely be an office; so just renting the basement and condo.
But...only if I can move in some day. Ever. /firstworldproblems
(funny, like the damage and downtime from my surgery, I have enough comparators in not as good positions that I feel guilty lamenting about my problems)
The new plans, splitting the units into completely different drawing sets, were submitted 12/18/14. I believe there is a 90 day ("max") delay in the city responding, though when I checked with my contractor I didn't hear back.
When the plans are approved, I'm told the main build time is only 2-3 weeks. The plan was; possibly is, to do the top 2 floors first, then move in - discover all the detail problems (they say the last 10% of the work takes half the time), all while making the basement. This might make moving in spring to early summer?
When I started I thought of spending 35-50k to make the basement a legal rental on a 610k home, plus renovate the top floors a bit. So say I thought I might spend 700k a the high end. As I saw problems and began to realize how difficult it was to do part of the work, I slipped into the plan of gutting everything - that part of the plan I do not regret in any way. Since there were really no original elements in this 100 year old house left to preserve, it was definitely worth pulling out the electric and water (a pipe burst during the teardown - imagine if I had renovated with that behind the walls?) So the budget now is in the 200-250 range, making this a 800-850 spent venture. Value when done? A sloppy flip a few doors down sold for the 800s some years ago and values appear generally up. It's hard to compare now as any house this size is often bought and flipped into 3 condos for 450-500 each.
My goal was to rent out the basement and my VA condo. I changed that goal to renting 1 bedroom (or 2) in my house and the basement, plus the condo. Now, well more later but I may not be renting out any bedrooms and one will definitely be an office; so just renting the basement and condo.
But...only if I can move in some day. Ever. /firstworldproblems
(funny, like the damage and downtime from my surgery, I have enough comparators in not as good positions that I feel guilty lamenting about my problems)
no subject
Date: 2015-01-24 04:36 pm (UTC)no subject
Date: 2015-01-24 05:18 pm (UTC)1) I'd be moving twice, with all the bumps and bruises that comes with. I'd rather hand the basement to someone willing to pay virgin-priced rent.
2) We framed the top but not the bottom, so it would take longer to do the basement now than the top.
3) One advantage to the city being dicks is that I'm walking out of the process with a CoO already. That wasn't the plan...
no subject
Date: 2015-01-24 05:45 pm (UTC)Can I see the blueprints sometime? U have them digital? I love this shit (As you may have gathered by my wasting time designing houses I'll never be able to afford)
no subject
Date: 2015-01-24 05:54 pm (UTC)Short answer - not easily though I'm happy to share.
no subject
Date: 2015-01-24 05:59 pm (UTC)no subject
Date: 2015-01-24 06:05 pm (UTC)add in your bit pictures of starting letters, and I sort of breeze by and never see these. Oops!
http://ic.pics.livejournal.com/varsitynj/413436/201665/201665_300.jpg
and the other don't zoom in.
But...you must have laughed when I was posting excel spreadsheets of my design ideas when I couldn't get the drafting software to work the way I wanted / was too lazy to learn.
no subject
Date: 2015-01-24 06:10 pm (UTC)you must have laughed when I was posting excel spreadsheets of my design ideas
Are these posts still up?
no subject
Date: 2015-01-24 06:34 pm (UTC)http://vicar.livejournal.com/pics/catalog/2958
no subject
Date: 2015-01-24 08:32 pm (UTC)no subject
Date: 2015-01-25 06:42 pm (UTC)no subject
Date: 2015-01-24 04:48 pm (UTC)Meanwhile in real life, you have what you are going through. Yuck. When I bought my house, I had to upgrade the electrical too, as I still had the old style breakers. I'm just glad it had grounded outlets. I had seen a place for rent in CA once where there were no grounded outlets anywhere. Scary.
If I have learned nothing else about renovating from HGTV, it's you will always have unexpected expenses, you will go overbudget, and even if you have a contingency fund, it's likely going to be used and emptied very quickly. *sigh*
I guess the positive side is that you aren't living in it right now the way it is?
no subject
Date: 2015-01-24 08:26 pm (UTC)I suspect I'll be doing a lot of recovery drinking...