The new plumber got started mid week at The Target House and is moving fast towards the rough-in inspection which should probably happen Monday. I am impressed with the guys on his crew, they are very detail oriented, we even addressed the baseboard height so the water valves for the toilets will be at the right height. I am running 8″ high baseboards again on this project to mimic the houses original design so this puts the water valves higher than usual. All the new Pex lines are ran and as you can see he brought all new pvc drains and tied them in under the old existing bathroom to the main sewer line by removing the old cast iron stack. This is the right way to do it, we aren’t trying to tie into anything old so there wont be any problems for the new owner. I had also asked him to minimize roof penetrations for the plumbing vents. Every drain needs a vent so a lazy plumber would have poked through my new roof 5-6 times but instead these guys tied all the vents together in the attic so I only have 3 vents visible. I had to put my siding project on hold as its been raining all week, looking forward to finishing it as soon as the weather cooperates and the mud dries up.
The sale of The Neighbor’s House is still looking good. The buyer is using a VA loan and we are currently waiting for the appraisal to come back as this will be the last big uncertainty before closing. I got a call from the apprasier Monday asking a bunch of questions about The Hat Trick House next door, as I guessed they are infact using it as the best comp for this sale. What were the chances of rehabbing 2 houses next door to each other and needing my own comp?
I started getting the siding on this week and have been interviewing new subcontractors for the 3 trades that will be next in line to rough-out the house. I love the historic style #117 wood siding, it gives my projects a real edge over the competition as most guys run HardiPlank on their additions. It cost a little more at about 45 cents a foot but well worth the price for my projects. Its always my goal also to find the best prices for any work that I have to hire out because it increases my net profit. A dollar saved is a dollar earned, right? My DIY method of doing these rehabs does not involve hiring a general contractor who would tack at least 50% profit right onto your cost but instead managing the subs personally and working right alongside them doing most of the work myself. This gives me the freedom to pick my own sub contractors and negotiate with them directly and pocket the savings. As with many of the subs in the past, I started to experience “price creep” with my plumber on every house we did with him. With construction as slow as it is I cant justify paying a higher price for the same job so we give new hungry guys a shot.
Out of the 3 trades I always do the plumbing first, its hard pipe and cant move whereas the electrical and mechanical can work around anything. I accepted a bid from a plumber yesterday that I’m really excited about. He’s been is business over 25 years, does alot of new construction homes, comes highly recommended and has beat our last guys price substantially. We are getting a complete new plumbing system with “15 fixtures” including new pex supply lines all the way from the water meter, new pvc drains all the way to the sewer and complete new black pipe hard gas lines from the gas meter throughout the house to 4 locations in order to qualify us for the “Smart Energy” title. Our local energy company CPS right now is really pushing awareness of using a combo of gas and electric to builders but we’ve of course always done this anyway. They designate your project a Smart Energy House, this combined with all the Energy Star appliances has been a real plus for our customers. His bid also includes supplying the hall bath tub and 50 gallon hot water heater. I am getting a 1 year warranty as well and he wont even let me touch the fixture installation to save money as he’s that concerned about his liability. The price is $5900 for the job where previously we were paying over $7000 and having to furnish the tub, heater and do the trim out myself so effectively I think I’ve shaved about $2000 of this one trade alone. I hope he works out, he is suppose to be all roughed in and topped out this week for an inspection.
The Neighbor’s House is under contract again as of last weekend. We are passed the home inspection and are expected to close at the end of the month. Additionally there is a back up offer in the lurch. I still will share all the juicy details from all the previous offers we received and deals that fell through but not until the sale closes. This house is incredible and someones going to be very happy to own it. What a great project and fun story!
I had a productive week starting out by hanging all the OSB plywood on the room addition exterior, it really starts looking like a house once it has something on the framing. After the OSB I wrapped it with Tyvek, wow does Lowes like to advertise! Its amazing how many local rehabbers I see that dont use house wrapping on their additions. They’ll go straight over the OSB with the siding. For $88 bucks you cant go wrong and it really makes a difference on your electric bill and keeps the drafts out. The windows arrived Friday and I got most of them in along with the back door so now it all locks up again. As you can also see I had a retaining wall built this week from CMU block under the perimeter of the new addition. There was such a deep below grade cavity from my excavation that this was necessary for correct drainage and to prevent water intrusion under the house. I’ll backfill the sides now and we’ll be good to go. Another example of how we are doing things right, some guys would have thrown down some plywood and backfilled. The back porch is really neat, cant wait to see everything now with the historic waterfall style #117 siding on it to match the house.
The original owner of the house stopped by and said that their dad build it back in the 20’s. She’s going to give us all the info on the home and story behind it so we can pass it along to the new owner eventually. I am hoping she has some vintage photos of the front so when I go to rebuild the columns and porch area I can replicate it correctly. While I was under the house this week I found some old moonshine jugs, a 1927 Good Housekeeping magazine and a Texas automobile license plate from 1933. Since last weekend we’ve had 10 showings at Neighbor’s House and more offers as well. Spring buyers are out in full force. Cool stuff, stay tuned …
Here’s how my 900+ s.f. addition came out over at The Target House. The floorplan is flowing nicely even with the change in elevation to the master suite. That hallway is actually 46″ wide even though I mistakenly tell you 42″ in the video so its not cramped at all. As you can see I basically had to rebuild the entire floor in that back room this week because it was originally a screened-in porch so it sloped down for drainage. It’s all straight now and lines up perfectly with the new addition. As far as sales go, we are getting great showings at The Neighbors House, Spring is here, the weather is beautiful, flowers are planted and there is a strong smell of home buyer in the air: ).
The roof is all complete and just in time to beat this week’s South Texas rain storm. Final tally after adding up the receipts for my spreadsheet is $3998 for labor and materials, an excellent price for 40 squares of 30-year roof including 23 squares of old roof tear-off. Speaking of finding deals I’ve been doing some window shopping for the past few days in search of the best price for dual pane, white vinyl, low E windows for the Target House. I compared 4 different sources and ended up back with my usual supplier Builders First Source here in San Antonio. Sometimes I cringe at putting vinyl windows in an old historic house but with today’s energy prices it really makes sense. After having Home Depot quote it and send it to the bid room twice, Lowe’s quote and send it to QSP, I was still able to do better by a few hundred bucks. For 25 windows I am paying $3340.00 with tax. Keep in mind most of these for the old portion of the house are ESW’s (exact size windows) and are made custom to fit inside existing wood casings in order to preserve the historic qualities of the home. There is a Federal tax rebate for 2010 in the amount of $1500.00 if you spend over $5,000 and the new windows have a U factor greater than .40. This changed from last years requirement of .32 but in any case we wont qualify due to our low invoice price and we didn’t see it necessary to pay an extra 20% for the extra U factor just to get the $1500.00 back. Make sure and check with your CPA if you are a rehabber, there is some great energy efficient Obama money out there for grabs.
All the new Pex lines are ran and as you can see he brought all new pvc drains and tied them in under the old existing bathroom to the main sewer line by removing the old cast iron stack. This is the right way to do it, we aren’t trying to tie into anything old so there wont be any problems for the new owner. I had also asked him to minimize roof penetrations for the plumbing vents. Every drain needs a vent so a lazy plumber would have poked through my new roof 5-6 times but instead these guys tied all the vents together in the attic so I only have 3 vents visible. I had to put my siding project on hold as its been raining all week, looking forward to finishing it as soon as the weather cooperates and the mud dries up.
