The American Dream: Buying a home and bitching about it ITT

The American Dream: Buying a home and bitching about it ITT

Postby The B1G Piece » Tue Jul 25, 2017 2:37 pm

Congrats, Reading.
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Re: The American Dream: Buying a home and bitching about it

Postby ReadingPhilly » Wed Aug 02, 2017 4:36 pm

we did our home inspection today. nothing too crazy. the central air was added after 2007 we know, but the outside unit was from the late 90s, so that's a little closer to needing replacement than we thought. there is also some knob and tube wiring that we didn't know about. the roof is rolled asphalt and the inspector said that it will probably need to be replaced in the near future. our insurance agent called with our quote and told us the current owners got $6k for the roof after the hail storm a few years ago, so they just pocketed that money. definitely have some room for negotiation i feel.
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Re: The American Dream: Buying a home and bitching about it

Postby Bucky » Sun Aug 13, 2017 8:15 pm

so what's the latest???
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Re: The American Dream: Buying a home and bitching about it

Postby Uncle Milty » Sun Aug 13, 2017 8:18 pm

Been wishing I bought a house near the PGA championship. Those people cashed in on parking and stuff.
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Re: The American Dream: Buying a home and bitching about it

Postby ReadingPhilly » Sun Aug 13, 2017 8:39 pm

Bucky wrote:so what's the latest???


we got an extension to negotiate. we had scheduled our contractor to take a look at things and they canceled it at 11pm the night before. they claimed they didn't understand what was going on. not sure why their realtor didn't explain it to them. so took us a bit to get that rescheduled.
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Re: The American Dream: Buying a home and bitching about it

Postby Phred » Mon Aug 14, 2017 9:37 am

Uncle Milty wrote:Been wishing I bought a house near the PGA championship. Those people cashed in on parking and stuff.


Houses on the golf course were being rented for up to $2000/day.
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Re: The American Dream: Buying a home and bitching about it

Postby Uncle Milty » Mon Aug 14, 2017 11:55 am

Crazy, ain't it? Folks pulled in over 5k with parking.

Maybe Redbridge will host something and I can run a shuttle from my house.
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Re: The American Dream: Buying a home and bitching about it

Postby phatj » Thu Aug 17, 2017 8:30 pm

Is this also the right thread for discussion of selling a home?

As mentioned in the last home buying thread, my wife and I are beginning to look for a new place. In order to make that work we're going to have to sell our current house.

My question is regarding the kitchen. The kitchen was the weakest part of the house when we bought it: old appliances, mustard-yellow laminate counters and backsplashes, dark, dingy cabinets (solid wood though), and a hideous applique faux brick covering the bottom half of the exposed walls. Plus one side of the room is empty (except for the hodge-podge of stuff we have filled it with to store crap).

We tore out the fake brick, and cleaned up and painted the cabinets in lighter tones, and have replaced all the appliances (though none with high-end) but we've never summoned the motivation (or cash) to really renovate. But now as we're trying to get the house ready to sell, we're starting to think about how it would appear to prospective buyers. Would it be worthwhile in terms of resale to A) replace the counters and backsplashes, B) add a wall of cabinets to the empty side of the room (downside of this is it wouldn't match the rest), or C) do a full gut and remodel? The latter doesn't really feel like an option because it would require up front investment of cash we don't really have, and taking out a home equity loan at this point seems silly but I don't know.
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Re: The American Dream: Buying a home and bitching about it

Postby Youseff » Thu Aug 17, 2017 8:33 pm

what's everyone's feelings on buying in Philly? good prices or overpriced?
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Re: The American Dream: Buying a home and bitching about it

Postby PrattRules » Thu Aug 17, 2017 8:39 pm

philly's pretty big
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Re: The American Dream: Buying a home and bitching about it

Postby Youseff » Thu Aug 17, 2017 8:41 pm

definitely not buying in NE or any rowhomes. I dont know every hood but like East Falls, centery parts of South & the whole No Libs and immediately north/east area.
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Re: The American Dream: Buying a home and bitching about it

Postby jamiethekiller » Thu Aug 17, 2017 8:51 pm

mostly overpriced but a deal can be found
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Re: The American Dream: Buying a home and bitching about it

Postby The Dude » Thu Aug 17, 2017 9:08 pm

I wouldn't do east falls
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Re: The American Dream: Buying a home and bitching about it

Postby CalvinBall » Thu Aug 17, 2017 9:27 pm

Everywhere is rowhomes
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Re: The American Dream: Buying a home and bitching about it

Postby Bucky » Thu Aug 17, 2017 9:32 pm

phatj, i don't think anyone of those upgrades will be anywhere near break-even. But they possibly will help the house sell more quickly. if I'd do anything it would be the countertops, especially if the current ones are really dated.
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Re: The American Dream: Buying a home and bitching about it

Postby Uncle Milty » Thu Aug 17, 2017 9:40 pm

phatj wrote:Is this also the right thread for discussion of selling a home?

As mentioned in the last home buying thread, my wife and I are beginning to look for a new place. In order to make that work we're going to have to sell our current house.

My question is regarding the kitchen. The kitchen was the weakest part of the house when we bought it: old appliances, mustard-yellow laminate counters and backsplashes, dark, dingy cabinets (solid wood though), and a hideous applique faux brick covering the bottom half of the exposed walls. Plus one side of the room is empty (except for the hodge-podge of stuff we have filled it with to store crap).

We tore out the fake brick, and cleaned up and painted the cabinets in lighter tones, and have replaced all the appliances (though none with high-end) but we've never summoned the motivation (or cash) to really renovate. But now as we're trying to get the house ready to sell, we're starting to think about how it would appear to prospective buyers. Would it be worthwhile in terms of resale to A) replace the counters and backsplashes, B) add a wall of cabinets to the empty side of the room (downside of this is it wouldn't match the rest), or C) do a full gut and remodel? The latter doesn't really feel like an option because it would require up front investment of cash we don't really have, and taking out a home equity loan at this point seems silly but I don't know.

That's really a tough call. I'd enlist the advice of a few agents. You could do it as an allowance but depending on PA law potentially run up against the limit on seller contributions if the buyer is seeking help with closing costs.
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Re: The American Dream: Buying a home and bitching about it

Postby Rockinghorse » Fri Aug 18, 2017 6:31 am

Youseff wrote:definitely not buying in NE or any rowhomes. I dont know every hood but like East Falls, centery parts of South & the whole No Libs and immediately north/east area.


We were watching No Libs for a while prior to finding a place in Center City. There were definitely some fair deals especially towards Girard Ave. Still plenty of inventory being upgraded there all the time, so prices should stay steady.
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Re: The American Dream: Buying a home and bitching about it

Postby MrsVox » Fri Aug 18, 2017 9:04 am

Bucky wrote:phatj, i don't think anyone of those upgrades will be anywhere near break-even. But they possibly will help the house sell more quickly. if I'd do anything it would be the countertops, especially if the current ones are really dated.


I agree here, even laminate countertops (which are the least expensive) can look decent and upgrade the look.
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Re: The American Dream: Buying a home and bitching about it

Postby CFP » Fri Aug 18, 2017 9:13 am

The Dude wrote:I wouldn't do east falls


Already did. Fight me
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Re: The American Dream: Buying a home and bitching about it

Postby Uncle Milty » Fri Aug 18, 2017 9:49 am

MrsVox wrote:
Bucky wrote:phatj, i don't think anyone of those upgrades will be anywhere near break-even. But they possibly will help the house sell more quickly. if I'd do anything it would be the countertops, especially if the current ones are really dated.


I agree here, even laminate countertops (which are the least expensive) can look decent and upgrade the look.

There's even some post form countertops with profiles that mimick granite tops.
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