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All Forum Posts by: Benjamin Ervin

Benjamin Ervin has started 7 posts and replied 163 times.

Originally posted by @Erica Moore:

This is amazing!

 Thank you!

Originally posted by @David Hartman:

I did not mean to nitpick or discredit what is obviously incredible work.

I don't know about labor/contract rates in FL, but here in NC, those prices are unobtainable.

Assuming you guys did all (or most) of the work yourselves without a licensed GC overseeing the project.

 Sure, I have no idea what labor rates are anywhere other than in my market.  We used a GC since we needed permits pulled.  He provided no other service to us beyond a few checkups to ensure he was satisfied with the quality of work.  We selected the subs, each of whom were licensed and insured and pulled their own permits under the building permit obtained by the GC.  

Personally, we did the flooring, painting, some demo, landscaping, a lot of trim work, and many of the smaller aesthetic projects (floating shelves in the guest bath and laundry room, sliding barn door, etc.) on our own which cut costs a good bit.  We only take on what we want to and what we know we are capable of doing well. The rest is done by professionals and formally inspected to ensure things are done well and up to code.   

Originally posted by @Oliver Perry:

@Benjamin Ervin congrats!!! The house looks amazing!! Can’t believe the pink tiles didn’t make it into the new designs lol. Great stuff!! Keep going!

 Haha! Yeah the pink tiles just missed the final cut!

Originally posted by @Andrew Cornstubble:

@Benjamin Ervin I'm glad you took the time to post this. I'm in a similar situation and I think piece of mind is worth gold. Reading this trying to decide if I should pay off old debts or find a house to rehab. I think having these old debts gone might make less sense financially but I think just having them gone and starting fresh might be the way to go.

 Hey, Andrew.  It is really impossible to answer the question of "leverage or pay off debts now" in a vacuum.  You'll have to really evaluate how expensive your debt is, what your risk and reward levels are with both keeping and eliminating that debt, and your overall personal financial position as a whole.  In our case, we decided we really needed to take measures to stabilize our personal financial position.  Good luck in whatever you decide to do moving forward!

Originally posted by @James Chun II:

Congrats! Deal looks good! I like how you repositioned yourself by moving into the house. Do what works for you!

 Thanks, James! Not the most conventional exit strategy, but it worked this time!

Originally posted by @Kyle Anderson-Mape:

Stunning rehab!!! Nothing more inspiring than a humble post detailing the beautiful results of a couple’s collaborative efforts. Took on the challenge, stayed diligent, and created one of the best properties in the neighborhood! My girlfriend and I are hunting a live-in flip opportunity for our first property together. I think the rest of the comments celebrate the successes here, I just want to add yet another note of appreciation and congratulations! Looking forward to seeing the next accomplishment.

Best,

Kyle Anderson

 Thanks, Kyle.  Stay diligent in your research and preparation. BP is a good resource.  

Good luck!

Originally posted by @Drey S.:

@Benjamin Ervin

Great job! What did the house end up being? 3 bedroom, 3 bath? Or?

I’m eager to hear how your wife used her magic powers to re-guide the flow.

 Hi, Drey. The finished product was a 3/2.  I know it runs contrary to traditionally understood norms to have lowered the total number of beds/baths, but in this situation is just made sense.  My wife was truly the architect behind the change in floor plan.  In fact, I didn't want to even buy the house when I first saw it because it just looked like a bunch of tiny, disparate and unlivable rooms that had zero connection or flow between them.  The new floor plan meant cannibalizing 1 bedroom to effectively enlarge the living room, expand the master bathroom, and frame in a new laundry room so we didn't have to leave the w/d hookups in the carport.  Doing this also increased the size of the master closet to a true walk-in size, and required us to shift a closet in one of the bedrooms to a different side of the same room.  Then, we also removed the walls separating Kitchen from living room and kitchen from dining room to make the entire space one large living area.  The house now has a great synergy between spaces and flow to it that works.  Just my opinion, but the floor plan change is probably what I am most proud of my wife for on the entire project (which is saying something considering how her design turned out). 

Originally posted by @Carey Flamer-Powell:

The house looks gorgeous - congrats! 

 Thank you!

Originally posted by @David Hartman:

I'm sorry, but I can't see that retrofit costing only $70k, even if the GC and subs/suppliers are close friends of the family.

That is a tremendous amount of labor and material, and doing major structural work requires a civil engineer as well.

Without seeing the hard data as in costs detailed in an Excel spreadsheet, the numbers simply don't seem plausible.

I spent more than that building out a 1700' dark commercial shell that was nothing nearly as nice and upscale as what you have done.

 Interesting first post... Sounds like it was a really nice shell.

The below isn't to the penny, but it is a slightly more detailed breakdown of the rehab.

Item Labor + Material Cost
Termite Treatment/Certification  $                              1,200.00
Roof  $                              8,000.00
Structural (Including Engineer/Architect Fees)  $                              8,000.00
Plumbing  $                              4,500.00
HVAC  $                              1,000.00
Electrical  $                              3,000.00
Carport/New Siding  $                              4,500.00
Exterior Paint and Cosmetics  $                              2,800.00
Landscaping  $                                  800.00
Demo  $                              1,500.00
Framing/Sheetrock  $                              6,500.00
Interior Paint  $                              1,000.00
Flooring  $                              4,500.00
Trim (Baseboard, Window, and Door)  $                              1,200.00
Kitchen  $                              7,500.00
Guest Bath  $                              3,000.00
Master Bath  $                              5,000.00
Light Fixtures  $                              1,200.00
Doors  $                              2,000.00
Permitting Fees  $                              2,500.00
Total  $                            69,700.00
Originally posted by @Joshua Baird:

I really dig the modern design,  I really loved the way that you used yellow for your front door and how that works perfectly with the other outside colors. I'm also really glad that you didn't focus on style over substance. It looks wonderful.

 Thank you.  I really thought we were taking some risks with the exterior colors, but I really love how it came together in the end.  We were initially planning to do "charcoal-ish" color on the brick with a more traditional trim/door color and stain all the wood for the front porch and carport as its a little more "neutral/normal" for buyers, but once we decided we were going to move into the house, my wife went a little more bold with the colors.