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Updated over 8 years ago on . Most recent reply
Addition in Chanhassen and Reno in St Paul MN
We are getting going in the Twin Cities area and things have been exciting for the last month to say the least. We closed on our property in Chanhassen MN, have plans drawn up and working on finalizing with a contractor. PP $140, Repairs $120, ARV $469. Looking forward to be able to get moving forward toward getting this soon to be beauty on the market.
Also looking forward to a reno in St Paul. We have our first position lender secured and are just trying to get the gap funding finalized. Closing is 6/10 and grinding every day to get it done.
Our experience has been exciting, scary, nerve racking, full of highs and lows, but holy cow do I love this. The ups and downs, it's all worth it to be free of the J.O.B.
If you haven't done your first deal yet or are just thinking about it, just go for it! You won't regret it.
Nice congrats! Lived there for 32 years! Twin Cities that is...
Congrats!
@Suzanne Griffiths congrats on getting going. Is the $120k for repairs an all-in number? (i.e. does it include permits, architectural plans, other soft costs, etc?)
Hi Sean, yes. The majority of the work is the addition, the existing structure has some cosmetic work.
Suzanne,
I'd love to learn from you as to how you found those deals and made those estimates. I am from Chanhassen and would like to learn from you and hear about your experience. PM if you are interested in meeting! Congrats.
Sam
Well, I had hoped to add more updates to this diary as we went through the process. It things have been so crazy busy it's been hard to make the time. However, we all learn from mistakes and challenges so I'll try and update as often as possible.
We are still waiting for permit approval for the addition so we've been doing as much as possible in the existing structure until the permits come through.
What has held the permits up? Well, the permit office is back up, but the bug delay was that the site plan for the property is missing from the file at the city and the one they had was almost literally on a napkin.
So, we go the surveyor in there and now have a detailed site plan for review. This was a couple weeks wait and $1500 as all the companies have a pretty booked schedule. But, now that it is in the city has said they'll push the review through.
We've been working on the demo ourselves to mitigate costs and put in some sweat equity. The plumbing was old galvanized pipe so that has all been removed. We've created the new hallway, fully gutted the bathroom and have new sub floor down so it's ready for the plumber and electrician to do their work.
The mason will come in next week and repair the top two courses of the chimney and put new flue's and caps on, the. Layout the new hearthstone (the current ones are cracked).
Cabinets are being ordered this week so they'll arrive just in time. Also this week will be the removal of three trees that are where the new addition will go. We'll get ahold of Centerpoint this week to get the gas meter moved and the electrician will start later in the week demo'ing out wiring and starting to pull new for the new layout as well as we are moving the panel. With the addition it won't be in an exterior wall anymore. So it will move into the new garage.
So, although we've lost about 30 days on the true "start date". We've been able to be productive and make sure that everything moves quickly and efficiently once construction starts.
I continue to get sidetracked and not back to the diary to continue adding on. Since my last update we have received our permit. With all of the delays from the permitting office our concrete contractor has been delayed. We finally have them schedule for Wednesday thank goodness!
Foundations will go in this week, framing starts the following Monday and we are off to the races. The MEP contractors can get going and it ok falls in place from there. We are looking at 4 weeks to completion, faster if at all possible.
When you find a natural spring under where your foundations are supposed to go, and the inspector says "it's ok, we're used to that around here", concrete guys keep on keeping on and we have footings and foundation walls in Chanhassen, MN!