Our First-Time Home Buying Disaster!
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- Опубликовано: 4 сен 2020
- Buying a pre-build condo is going to be a journey for anyone, but our has turned into a bit of a disaster. Our first time home buyers experience could have looked a lot different but we have our fingers crossed that it all turns out in the end! 🙏🏻
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I love the way Leah looks at Levi when he's talking.
Me too!! It’s cute and I feel like people usually just look through the viewfinder
He also looks at her in an adorable way
Hey Levi, I’m surprised that you are sharing exactly where you will be living in the future. This could be a major security issue in the future with a growing channel!
I was thinking the same thing. Thanks for saying something :) gotta keep our homies safe
You prolly dont give a shit but does anyone know of a method to get back into an instagram account?
I was stupid lost my account password. I appreciate any tricks you can give me
@Bobby Elian Instablaster =)
@Kalel Darian Thanks for your reply. I got to the site on google and I'm in the hacking process atm.
Seems to take a while so I will get back to you later when my account password hopefully is recovered.
Hi Levi & Leah,. Make sure to do that deficiency walkthrough with a fine-tooth comb because once you sign off and get those keys developers in Victoria have a way of being a lot less responsive in fixing things. Don't let them do the walkthrough a few days before completion, 2+ weeks is ideal so they can fix everything. Test appliances, look for chips in the flooring, scratches on windows, run faucets, even bring something to test outlets. It's a rush to get occupancy in those last few months that very basic things get overlooked. Congrats though, the Wade looks great and a steel&concrete build downtown will always be good bet in the long term.
I wish you could talk a bit more about the sustainability of buying a place that has just been made vs something that has been used. Its content about the envieronment I haven't seen anywhere else and I believe should be.
Yeah we're planning to make a few videos about the apartment itself and why we chose it and those elements of the build that are more sustainable. make sure you've got those notifications on!
"the wade" sounds like "delayed" to me
I love that you are very honest about how you're able to afford this and the props you give your parents. People are so dismissive about the generosity of parents sometimes, like it is just owed or expected. Sorry about the build process issues. Hope they get resolved soon.
B B thanks for the comment and the support! 🙏🏼
Wait, married three times? Haha, I feel like there is a story there! 😊
bad luck or not, it's really odd that pre build has such a delay in general. We work with them here as well and they generally are ahead of schedule because of this (if my understaning and translation of prebuild is correct). But regardless of that pleas PLEASE make sure to hold them accountable for ant mishaps after it's finished. (i.e. leaks etc.). They are accountable for those errors.
Yes we are more aware now than ever that getting a lawyer to check over the contract and everything is going to critical. Thanks for the comment Lisa. 🙋🏻♂️
Good things come to those who wade! It'll feel amazing to get in there one day. Soak up that Costco lifestyle while you still can! 😅
Hahaha yeah I guess that's just what we'll have to do. Thanks for the comment!
I feel like I gotta jump in on this convo since I work on condos all day long lol just a background, I work in interior design and I work mostly on condos. The fact the developer gave a 1 year move in date was really hopeful for them. Usually from the time the condo goes to market until it’s complete is usually 1.5-3 years and ALOT happens. Sometimes it’s the city, or structural, etc that cause delays. The condo never looks like how they sold it to you in the end (it’s my job to make sure it still looks as close to it as possible). Idk what the law is in BC but here in Ontario the builder can only push the date back 3 times. Trust me, most of the work happens in the last 3 weeks before occupancy, trades working on top of each other day and night. Even when you move in it might not be 100% done. Hopefully all goes well for you guys and you move in at the end of the month! Good Luck!
Thank you for this! We have definitely learned a lot! 😳
Absolutely! Also in Ontario, but have been in a similar situation a few years ago with lots of delay. Just make sure to document everything when you get there. In Ontario, any defects in the 1sr year are covered by the housing insurance (and must be fixed by the builder) was my experience. Also, condos (to my surprise) have private waste management (which took a while to set up after move in), so be prepared to not necessarily have easy access to compost and recycling after moving in. Leading up to the delays in my situation, the builder had to put up the tenants in hotels.
Glad you had a place to live in in the meanwhile & good luck with the process!
Bunnnnyyyy!!! 🐇
I love how Leah listens to Levi when he's talking. I'm still learning to be a good listener and so I appreciate seeing this. Definitely something I am trying emulate!
Thank you for sharing this part of your life with us, it also seems like you guys are still able to find the humor in the situation, which is really nice and uplifting to see. Hoping for the best outcomes of this situation!
Hey Levi & Leah READ THIS ONE... TRUE STORY... not trying to make you feel better, but this actually happened to me. I bought a house (21 years ago) on a rural property. I grilled the real estate agent... and I had it inspected by a certified home inspector. I was cautious and did everything that an intelligent first time home buyer should do. After less than a year of living in my new home... I discovered that it was rotten and collapsing. I made an urgent SOS call to a contractor... and things got ugly. Within 48 hours we had to cut the power, water, and all utilities... massive heavy duty equipment came in and over half of my house went to the dump in large dump trucks. It was horrifying to watch!! I had a mortgage, but suddenly had to turn to my parents for financial help to save my house and my investment. I had to camp under a spruce tree in my back yard for 6 months while the remaining “sound” section of the house was stabilized, jacked up, rebuilt, and put on a solid foundation. It poured rain for the entire time that I camped in my back yard with no amenities. I struggled to make a lunch and show up to work looking decent in professional attire with a smile on my face every day. I had no money because it all went into the “reno from hell”. I live in a very small rural area and people would drive by just to see it... like my place was a tourist attraction. Some people would drive right into the driveway to look at “the rotten house” and I didn’t even know some of these people. Folks came and took pictures. It was such a low point in my life and I felt like a fool even tho’ I had it inspected and everything. BUT I want you to know that, although it was challenging, my house was saved and rebuilt. I owe a massive thank-you to a very special contractor who felt sorry for me and took on the contract to save my house which is now structurally sound and not even comparable to what it was before. The mortgage is now paid off... I have a beautiful and comfy home on a lovely piece of wilderness property... and this story has a happy ending. I feel your pain, I’ve been there, hang tough... it will come together for you two. Sorry for the lengthy comment but I thought this true story might help lift your spirits. Thanks for reading.
Wow this is a crazy story. I am happy to hear that it turned out. Thanks for the comment though and your well wishes.
Thank you for this comment. My husband and I are going through something similar right now. It's so hard to keep in mind there is light at the end of the tunnel.
@@hermosapresidenta3931 Damage to one’s home is a really tough thing to deal with... I definitely wrote a chapter in that book. But... hang tough... there are many resourceful contractors and carpenters out there who know how to fix damaged homes... there is light out there!!
As a new subscriber, I’m glad I turned on post notifications.
Thanks for being here Kimberly!
Sorry to hear about delays on your upcoming condo. Maybe you could rent alternative housing like a tiny house, earth ship house, etc and tell us your experiences? I really enjoyed the #vanlife video! Thanks for keeping us posted.
Edit: I can't use question marks.
Haha thanks for the comment! We're going to be spending a weekend in a tiny home next week which will be kinda neat.
You got married three times?? Now that's sounds intriguing!
Very sorry about your condo, I hope everything works out for you guys !
“I get his stuff”
I laughed out loud :)))
Oh boy, I feel for you because I'm basically in the same situation, new construction in an 'eco neighborhood' with emphasis on sustainability and the name... well yeah, my place is called "hype park", you can't fake that kind of things! My apartment was supposed to be finished in december 2019... Here come construction problems, the weather, strikes (it's France after all...) and then covid ! So I definitely can understand the frustration and to me the worst part is not being able to plan anything because you never know if something new is going to come up. I'm supposed to get my keys in early October but now covid is kicking up again so who knows ? I am also very lucky to be able to buy something, to have a place to live in for now but it is exhausting, I hope everything goes well for you and maybe we'll have a stream with you guys in your new home and me in mine so we can drink a glass together and put all that behind us! Stay hopeful ! Cheers from France.
Wow that’s weird eh? I am wishing the best for you and your build too!
I can’t wait to ser you guys finally move in to your new place! Let’s hope this happens soon 🙏
Wishing you both good times ahead!
Thank you!
I hope you guys get to move in and live there soon!
You make Great videos!!! your laughter is contagious
I feel your pain. Its been a hurry up and "wade" for far too long now!. Looking forward to taking possession! See you soon (hopefully) neighbours!
Whoa whoa whoa, I need to hear that wedding(s) story!
That sucks guys, hope it all works out 🤟🙌
You're almost there guys. 💪🏽
We have been in a similar situation where the start of the build was delayed. In the end we had to wait 3.5 years between initial signature and getting the keys.
Hope you two every thing doing well soon.
As a developer, I cringe for that developer. Goodbye, project returns.
Good luck Guys! Hope you can take possession soon and start your new chapter. As a new home owner myself (much older!) if you are able make sure you can pay extra towards your mortgage. Not only will it reduce the # of years but also interest paid.
Thank you! I guess we'll just cross that bridge when we get to it haha.
Thank you so much for sharing and being completely honest about how you're able to afford something like this. Too many young people claim they bought a house but fail to mention it wouldn't be possible but for xyz help they got.
I also want to say thank you for sharing as my husband and I are going through something similar with delays for our new home. It's mostly caused by covid but the stress and unknown future of it all has serious mental and physical health problems.
Yeah it's a weird experience tbh. Something we're figuring out day to day. Best of luck on your journey!
OMG! I bought my first flat in the middle of August and I get it on the 15th of September an I have been counting down the days. Waiting two years sounds like tourture 😅 fingers crossed for you
I'm sorry this is happening to you. Buying a home is stressful even without "the wait".
When me and my husband bought our condo the biggest reason we didn't buy a pre-sale condo was because I was working in architecture and he works in construction finance...and unfortunately this actually happens A LOT. It's so stressful being on the design/construction side of the project so I couldn't imagine being on the buyer's end. Don't worry, it will get built eventually and it will be wonderful :)
I feel you! I am in a similar (less annoying) waiting period here in the UK for a new built. What a faff!!!
It's the same for us. We bought our home in 2017, before construction started. We then moved to a cheaper apartment to save money. Now 3 years later we are still waiting for it. Other options are way to expensive for us. I hope everything goes well in the end! 🤞🏻
I appreciate this video! My husband and I are also trying to get into the market and are about the same age and it has just been one headache after another! So many “surprise” expenses and certifications that no ones tells you about. It’s just ridiculous
dancernaq right!? What a nightmare! 🤦🏻♂️
This is similar to what happened to my grandparents, If it’s taking a while explain it to take a while more
Keep up the amazing content!
Omg I used to work in the pharmacy in that building before it was sold for development 😂. It really did seem like the construction took forever. I was shocked to see how different it looked when I drove by last week.
Thyme Tyner hahaha this is such a weird small world moment. 😂
Uff - that would be a lot of stress and I hope you guys get to move in rather sooner than later. We had a mini version of this happen to us. We bought a property with the main building rented out and built a lanewayhome for ourselves on the back of the property. The initial built was 5-7 months and we are now way beyond double that. Good thing though was that we only had 2 months of being homeless and were able to move in to the place a few months ago. It was not finished yet, but livable. Its surprising how much you learn to appreciate a sink in your bathroom after not having had one for 3 months :D
Crossing my fingers for you guys :D
I would not trust this builder in the least. Even when you finally get into the unit you could run into all kinds of new problems with the trades. Electrical, plumbing , dry wall etc. I would get out of the deal if I were you.
you give me peace guys :) un abrazo
As a member of your patreon I didn't know about all this because I have yet to watch the podcast xD
I didn't have to wait anywhere near three years, but several years ago I put a payment down on a beautiful modern, eco-friendly apartment and construction was delayed so long, the army moved me to a different duty station before I ever had a chance to live there. It was the most opportune time in my life to live the lifestyle of being downtown in a fairly swanky studio apartment and I was really bummed to miss out. My life has changed a lot since then (I now have a long-term partner and two dogs) and I don't think I'll ever choose to live in that kind of setting again. It's disappointing to miss out on an opportunity like that. The financial losses are pretty huge, but the intangible losses that come from something like this are significant as well. I know this wait has been tough for you guys but I'm glad you're in a position to stick it out.
Morgan Does that sounds really tough man. It’s wild to hear that we’re not alone in this experience. Thanks for your support man
I never realized that an inheritance was a privilege until I went to the bank to set investments up and they asked like it was routine and my answer was no. The awkward air made me uncomfortable. Never realized this was common for most people.
BUNNYYYYYYYYYY!!!
Could you talk about how to invest sustainably/ethically in the stock market? I’m in the US
I’ve got plans to talk about this in upcoming videos yes so make sure notifications are on!
I missed the mullet but the new haircut is honestly 🔥
Time to move in to that van LOL
Hang on, you will be in at some point. My dad bought an apartment and the actual move in date was also over two years later than planned.... I guess its just a natural phenomenon
estate planning is actually super super important! Good on you guys for having wills - it means that the wealth transfer will be tax free, (obviously ideally it never needs to happen) but in the worst case, will be very swift and easy, without your assets being frozen, and the beneficiaries would never have to spend money in court to fight for it. It might be good to look into insurance to protect your assets, I suggest either a T10, T20 (depending on how long your mortgage is) , which are very affordable and will take care of the mortgage if god forbid, an accident happens. Critical insurance is also good, but a quite a bit more pricey. There are also insurance that has cash value/ grows overtime - check out manulife Par. Source- I briefly worked in insurance hahaha
That's awful! I hope you take legal action to get what you have bought and get compensated for the delays. Also, I'm wondering if you have any opinions and perhaps could do a video on investing in renewable energy sources? I've recently become aware of companies like Trine and Switchr and think it seems neat to do something larger than just looking at one's own carbon footprint.
You’re too nice, not blaming the developers.
Anyone else thinking about the open sliding door that is letting all the cool air out making the heat/air run more? And it’s letting flys and mosquitoes in as well.
*More unsolicited advice here* I bought a new build condo in Ontario in 2013... yes, the occupancy date was moved several times like most new builds. In Ontario, Tarion is a new homes warranty insurer. Here in Ontario they can move the Tentative a lot with no compensation to you, but once they issue the Final Occupancy, the countdown is on! For every day they are late past the Final Occupancy date, people in Ontario are compensated $150/day to a maximum of $7500. This is insured by Tarion if the builder doesn't provide it. I received $7500 because of delays, from the builder- I didn't have to go through Tarion, but it was nice to know I could. Find out what your coverage is in BC, and make sure to claim what you're entitled to (if anything!)
Friends of mine had the same problem, but the builder had to pay a fine for every month that they were late. This covered their cost of Mortgage and Rent for them
Also: don't sign off until every last detail is finished. Otherwise you will regret it later
Welcome to my world... ... Mind in the defence of my industry, it doesn't happen every time, and I have seen multi-million projects reach their contract dates with more aware clients - then change hands for a single dollar/pound. And whilst your story on the off-site water main is "unfair" to be against the developer - almost all the other items mentioned (San C-19) are down to a profession developer to actually solve - not just stretch time out time and time again.
Anyway - in terms of "life" sorry to hear of your troubles but it truly is one of those no pain no gain events where you learn a lot real fast, and evolve with it. A classic case would be moving the money, to a short term investment - with no removal limits - even if it only made a percent or two, it still makes and adding to the mortgage improvements... ... real time project and money balancing a tough call.
Great vid, hope the construction industry pulls its finger out sometime soon and you get to settle in.
Hello from Eastern-Europe where your pre-build condo would be finished somewhere between 3 years late or never. Of course no refunds.
I was just thinking that even if you decide to move out of the city to live and increase your footprint, you would reduce someone else's, so maybe carbon footprint shouldn't factor in, in the larger perspective?!
I would like to know why you chose a condo, a building that needs many resources to build (supplies from the USA and China) and which also contributes to gentrification versus buying a home that is already built. I live in mtl and have a bit of a tense relationship with condos- they drive up rental prices, displace those on a lower socio-economic level, have led to the closing of local businesses, change the landscape of the city not often for the better, and add to gentrification. Again, my experience and research (we touched on it in one if my university classes) so I'd like to hear another side of condo building. You are both very invested in your community so, curious to learn more! Great video as always and hoping you both move in soon!
Yes those are great points to bring up! There's a lot to break down there and We are hoping to create a video series all about our home purchase and why we chose to buy where we did and the context that surrounded that decision. If you want to see those just make sure you're subscribed with notifications on! 👍🏻
@@LeahandLevi thank you ! Looking forward to the deep dive and thank you for sharing your choices and always being so well informed!
I've got the bell notification on ^-^
awesome
My Uncle had a similar experience with a flat (condo) in London a few years ago. Bought it before it was built/finished, then it kept getting delayed. The developers kept pushing him to sell it back to them if he wasn’t happy...the cynical would often point out it was because it’s value had gone up something crazy like 30k since the initial purchase. My Uncle held out, lived there for a bit, then sold it for a massive profit before moving to a full house in Liverpool.
Well that was a nice end to that story haha. Hopefully we don’t have to do anything drastic
I just bought a house in June, and getting a mortgage was extremely easy and simple for me. Do the difficulties come because you're a youtuber and they're skeptical of your income?
I feel like new build or not, the housing market is insane right now. Here in Halifax, where there's a lot of people moving in and out because of there being a lot of military here, people are having a hard time being able to purchase because what would be a moderately priced property here is selling for upwards of 50k+ more than the asking price. Things that normally would be on the market a few months, are selling within days. It's not just younger people, first time home buyers, having problems securing mortgages...this whole pandemic has made it harder for everyone.
While you are at Leah’s parents house, could you show us how the tree you planted for Levi’s Birthday is doing? Good luck with the move xxx
Nice! Good thinking!
Can you explain why you would buy a new build and not one already built? I have to think that is not very eco friendly.
Why would they call it prebuilt? Dont they mean prebought?
You buy it before it's built. hence... pre (before) build,... "buy a prebuilt"..... aka buy before(pre) it's built
Thats exactly what I was thinking
This is wild. I hope when it’s finished, you can do at least on video on what you do and don’t like about the construction and building operation from a sustainability standpoint.
Here in the US, we just set a new record (since they started recording this during the Great Depression) on percentage of people ages 18-29 who live with one or both parents. It is for the first time since just after Depression a MAJORITY (52%)! And I don’t think this necessarily includes people whose parents contribute significantly or entirely to their housing but don’t live in the same house, which is my situation as well. In other countries, and even in some immigrant communities in the US, multigenerational households are the norm, and it certainly was that way for all populations the US in previous time periods as well. Because being a millennial means I might be part of the first generation in a while that doesn’t surpass the economic position of their parents, and that causes a certain amount of background anxiety and guilt, I try to look at this as bringing a return to an old-fashioned focus on family communities (including chosen family). Maybe multi-generational households mean better chances at sustainability, a higher standard of living, less loneliness, and stronger neighborhood communities? Also I hope as a result, we start seeing better treatment of and care for seniors, because I understand they are closely correlated.
On another note,
I wonder if there is a difference in development timelines between condos and rental apartments. I live in Orange County, CA, and just across the freeway from me, they demolished an office park. I want to say demo and construction started on the 2 “luxury” apartment complexes going up there in early 2020. In late 2019, a third complex (also apartments) started construction just across the road. Even though construction stopped for several weeks in the spring, and is clearly now going at a slower pace, these 3 complexes have gone up LIGHTNING fast! The one that started first is getting painted inside now, and the other two have completed cement inside (including parking garages) and are nearly done with all the timber framing. I am betting the pandemic put them each significantly behind schedule, but I would not surprised if they each ended up at about a year start to finish.
They are never going to be able to get them rented, though! My friends in the area who manage complexes can hardly get anything newly rented ever since March. Rents aren’t going down.
Yeah we're in a very weird time honestly and I think that a new way of living is coming. We have talked about owning a multi-generational home in the future for our parents. Probably the better way to live anyways!
It's likely that your area just doesn't have as much of a labor and shortage, which lets them progress steadily.
I knew it was late but WOW, that's late
Yeaaaaaaah here we goooooooo. 😂
OMG, I used to think things like this only happen in the post-Soviet Union area. But I'm sure everything will be good
I'm in Ontario and my wife & I were able to get a large mortgage easily. I'm working middle class as well.
Banks are willing to give out capital...
Wishes strong will
will this be in the ebook? :D
Hang in there you two. However, you must be so frustrated! :)
Has the developer offered you any incentives for all the delays?
There's something called a "construction delayed rebate" that you can get in Ontario but not here in the province that we live in unfortunately...
So this kind of delay happens in US also !!!
Do you still have to pay property taxes on the condo in the meantime?
No all we have is our deposit in place fortunately
Sorry to hear about your apartment. If they delay any more, you should do the van life thing for a couple of months!
Haha we could just call up karma and see if they have anything avaialble 😂
That sucks... contractors and developers around the world are the same...
So, it's going to be a new year's gift?
So I definitely like this kind of content and would like to see more of it, but I also totally want to know the story of y'all getting married three times....I watched the video of your zero waste wedding and wondered what was up with the officiant asked if you wanted to get remarried to her.
So I am confused is this a house or a apartment or a condo?
Jean Safron they say “condo” like 57 times in this video
White sage is extinct but like I think this place needs some sage/palo santo
I'm really sorry for the delay, which is incredibly long :( But fingers crossed so that everything turns out sooner than later!
Praise Jesus
you guys live in Canada? I always thought yall were from the states
We're pretty frickin Canadian Tahsin haha. Gotta drop some more "eh" in there I guess lol
Why not a Tiny house build which is sustainable and meets all of your values?? Getting on a mortgage and entering the Rat race is nothing to be excited for. Buy a small piece of land of your need and put your mobile tiny house there. I know there are council restrictions and all but what fun of all these sustainability and eco friendly stuff when you join the rest who are just running in the Rat race?? Anyways wish you get your house build soon. ❤️🇳🇵
Yeah I mean the rat race is there either way, buying land and building a tiny home isn't the exception BUT we do have plans to one day own and live in a sustainable home on a bit of land.
@@LeahandLevi At least you have a plan and that's what counts. Stay safe and lots of love for both from Nepal. 🤘😎🤘
plz plz plz tell us the story of how and why you got married 3 times!!
I wanna hear the story about getting married 3 times
lol
Leah and I share a birthday 🎉🎉🎉🎉
You guys look like kara and nate
Thank you for sharing.
Your motto is "save the planet" so I'm wondering how you think a condo construction and other aspects of living in it affects the planet, carbon, etc...
For example maybe living in a cabin made from locally harvested wood and having some gardens and fruit trees to live off can be better for the planet?
Those are my thoughts, and it is what I'm doing :)
What do you think?
Fruit Adventure Boris yes! We actually plan to make a few videos about home ownership and the environmental impact of those choices when we take occupancy. 🙋🏻♂️ Make sure you’ve got notifications turned on! 👍🏼
@@LeahandLevi great! Looking forward to the next video!
Is China involved in the construction?
My Sympathies.... Its bad enough buy ing a place for the first time, that is ready for occupation, let alone one you think will be built on time...cause they told you it would be. Best of luck.
Thanks Bob!
First mistake- Buying in Vancouver
Why use your parents retirement's funds!??!? 🤦
If they were America they would sue for it taking so long. Canadians are too nice ehay?