Anyone skilled at home renovations?

The house is described as "Renovations have been started, most rooms are bare down to the wood beams" Does that mean I just need to put drywall up and paint??
 
That's a lotta work to do yourself, especially if you havent' done that stuff before. Do you even have any tools?
 
No fixtures, looks like no plumbing through most of it, no flooring, no cabinets.

Hmmm.

I'd say you're looking at about $80,000 to $100,000 worth, just in materials, to finish it properly.
 
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brandon said:
I just need to put drywall up and paint??
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Just?

Besides being a substantial amount of work to hang the board you'll need to tape and finish before paint.
I looked at the pictures, you'll need to do some insulating and carpentry too....It looks as though the plumbing and electric is in and I'd imagine that a "home inspection" would assure they're up to code?

Getting financing on an uninhabitable dwelling might be a challenge too?

The good news is that with the economy in the dumps labor for the drywall is dirt cheap if you opt to not do it yourself.
 
Been awhile since I quoted but I believe, again I'm only making a guess, drywall is going to run you about $1 per square foot. If you've never done it before then DO NOT even try it. Hanging the board is one thing but finish work is a different beast entirely. Best left to a professional. Flooring? Depends on what material you want to use. Odds and ends? I'd say AF is close to the mark.
 
P.S.
Did anyone see a picture of the kitchen?
I looked at `em all and didn't see any boxes set above counter height, nor any plumbing stubs other than washer/slop sink.
 
jdmyprez_deo_vindice said:
I would pass on this one. If you really want the house than make a ridiculously low offer and hope for the best.
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If you don't know what you are doing, you are throwing your money away. Look at comparable homes....the seller is spotting you about 25k to bring the house up to livable standard. The seller is in a real bind on this one...can't afford to finish it, and can't afford to lower the price for quick sale.
 
I just love the property. On over an acre, a pond in the back, surrounded by farms, yet still right in the middle of the suburbs. The house sold for $509,000 back in 2008 so I think it's priced accordingly. I guess I'll have to pass though....probably too much work for me.
 
The house sold for $509,000 back in 2008 so I think it's priced accordingly.
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If he thought he could get 500k for it, he would finish it himself.....the question I would be asking is why is a 45 year-old house down to the studs?
 
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If anything, get a handyman and work along side him.
 
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I'm sort of bias because I have been a carpenter for a few years. I looked at it from Google Earth. 3,000+ square foot house, nice lot, pool, and it looks to have lots of potential profit to me. I think it would be a good deal if you got the money to secure the financing. It will cost you some money in labor and material to get it up to par but it will probably pay off in time. I would focus on the essential living areas first then you could get the rest together in time. Unless it would be a pure investment property then I would look at at least $100,000 for renovations to remotely achieve a $500,000 price tag. My 2 cents.
 
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