As someone who's something of an expert in this area, having played The Sims, I can vouch for a spiral staircase seamlessly connecting floors and creating flow in rooms.
I appreciate AD showing a glimpse of what many many people do with older homes, especially in economically depressed areas. It’s not always possible to get a bank loan for a tear down/rebuild, but wow the privilege and attitude in these comments really shines through. I appreciate the spirit of this video, which is how to see past ugly and create rather than destroy. I’ve done it and giving a house another 100 years is satisfying. I disagree with people assuming the assumption is to flip, since I heard him suggest building equity over the long term may be needed. Would a single person, or couple, buy a small home for $250k to build personal equity, avoid rent and potentially create income opportunities down the road? Happens all the time.
To be brutally honest here, I think this property is worth more as a teardown or even as a vacant lot. Unless there was a famous past resident or the house represents an important piece of history, there is no value in preserving this dilapidated structure. No one should pay $200K just to live in a 1-bedroom, 1.5 bathroom house that is over 100 years old and not up-to-date with modern building codes. They seem to drastically understate the cost of putting in new plumbing, insulation, and electrical wiring. There is no mention of the roof, but that probably needs replacement as well. Unlike adjacent homes, the existing house does not even have a garage, let alone a driveway. Would the residents park their cars on the streets instead? Then they would have the inconvenience of moving their cars for street sweepers and snow plows in the winter. None of this is addressed in this proposed "renovation" budget. Even $66K is too much for this teardown in a neighborhood of 200k-300k homes. A savvy investor with cash could probably buy this house for $66k, spend $14K tearing down the home ($80K total) and filling in the vacant lot with grass (keep the pine tree though because mature trees add value!), and then selling the vacant lot for $100K-$125K at $20K-55K profit. Notice how a nearby home towards the right at 1:14 is a newer duplex. If zoning allows for duplexes or a developer could get a variance, they could make even more profit by spending $80K to buy and tear down the single family home while building a 2-family home on this lot and selling each duplex for at least $175K-$200K each. This house extends all the way to the lot line, so there is no backyard. If they tore down the house, they could probably build a two-car garage and add a two-car driveway on the side opposite to the pine tree, while constructing a fenced-in front yard with a front porch, shrubs, and grass underneath the mature pine tree. They should also leave some setback between the lot boundary and the back of the house to create a small backyard. Then the house would be more marketable to families with dogs, small children, or both. If they built a new house, they could add in a basement, first floor with a half bath and modern kitchen, and a second floor with 3 bedrooms and 2 bathrooms. This is all about the margin here, but if the market was strong they could spend more money to add in an attic floor with 2 more bedrooms and a balcony overlooking the Pittsburgh skyline, and that could be a real selling point for young professionals who may even pay $350-$375K for a BRAND NEW home that was filled with modern amenities. I see a lot of potential in this lot, but the existing house is probably not worth preserving. There is much more profit in tearing down this home and building a new single-family home or duplex here.
İ agree tearing down is actually a good idea the owner of the house should consider that since this house will probably not gonna be selled for 66k i mean who would give that money to a house in a situation like this. Like this guy said it needs around 150k to renovate this house so instead of giving total 200k you can buy a way nicer home that will only need decoration.
If you put the garage on the basement level, like a Vancouver Special (I think there is a YT video about those too) the parking problem would be solved. It's not very friendly, but many homes on busy streets in my town have hedges eight, ten or even twelve feet high . These are holly, peiris, or cedar, not deciduous bushes.
Not sure if this guy thought through the details before making this video. The large 1st-floor windows seem to be too low for the cabinets to be placed underneath. The 2nd-floor bathroom has the vanity right in front of a window, and then you are stuck with a small mirror on an arm possibly?
Thought he had a lot of bad design ideas tha tg added unnecessary expense or were just poorly thought out. Spiral staircases down to the basement with 98% of the laundry coming from the upstairs bathroom? How about a washer/dryer up there and prevent a fall? Moving the kitchen is a meh idea. It actually wastes a lot of space. Add the half bath into the current kitchen area. Having the door change how it opens too was kind of bad. It should open to a wall. He didn't think that out, either.
Someone can do their own reno (or at least some of it) and save money. There's a lot of materials (and thus work) already in place. Many DIYers could do significant portions of it and be okay. If you've got zero skill and gumption, perhaps let someone else buy it. Most of his design ideas were poor and and added unnecessary costs, some were even dangerous. So there's a lot of savings that could be achieved there by ignoring them. Putting a laundry in the basement through two flights of spiral staircase when the bedroom is upstairs, was a bad idea. Put it in the upstairs bath. Changing how the door opens is bad. Most people expect it to open to a wall. Keep the kitchen in the original room and add the half bath there. Keep the obvious fixes.
A spiral staircase would be dangerous to negotiate for most people. And getting appliances and furniture down it would be impossible. They look cool. But my city actually forbids them. It's also hard to call a one bedroom house a family home. With stairs to the bedroom and to the basement laundry it is also not suitable for a downsizing older couple. I'd also consider removing the bulky water heater and the forced air furnace and going for on-demand water heaters in the bathrooms and kitchen and electric baseboard heating in the whole house.
Maybe as a short-term rental, like an Airbnb. I would not enjoy carrying dirty and then clean laundry up those stairs, especially if they were configured in a cool spiral.
Considering the professional really only wants to keep the floor, the tree, and the shell of the house, they’re probably better off tearing the house down since only the tree looks good. Like if you’re going to redo the insulation, electrical, plumbing, heating, layout, etc, you might as well do it for a house that actually uses the lot properly. I wouldn’t be surprised if they started renovating the house and found termites, water damage, mold, cracks in the foundation, etc. rendering what they kept worthless. I’m no expert, but considering how much work they’d have to do, they’re better off putting in the work elsewhere or starting from scratch. Also, does anyone else dislike the thought of just sitting in your front yard around a fire pit? It seems so uncomfortable. For me, the fun of a fire pit is sitting around chatting with friends. It’s cozy and personal. But when it’s in your front yard, you lose that sense of privacy. Even if realistically my neighbors would hear me either way, I would feel more comfortable if we could chat without seeing strangers walking past. Also would probably be loud because of passing cars.
As someone who has renovated a tear down, we did not tear our house down because it would have added SO much to our costs. The only thing original in our house are the ceiling and the studs and maybe 1/3 of the subfloor. EVERYTHING else is brand new and that was incredibly cheaper than tearing it down and starting from scratch. As far as the fire pit...he explained that there is ONLY a front yard. Sometimes you have to just adapt to what you've got. Our fire pit is in the front yard because our front yard is gigantic and our back yard is tiny
While your opinion is valid, some people see these kind of houses as pieces of history. Different generations of people have lived in this particular house. It's not about the renovations that need to be done, it's about the love and hard work that generations of people have put into it. They're also unique, as opposed to some houses built now days, which gives them more character. I personally don't see a reason for buying an OLD house to tare it down and build a brand NEW house in it's place. I'd just buy a plot of land and start from scratch that way. But that's just me. Also, he's trying to point out the houses potential, not list its flaws...and why do bonfires have to be had in the backyard...?
It's basically going to be a sound booth for anyone in the kitchen or living room to hear all the fun that is had in a bathroom. I guess this is why most houses don't feature them in the very center of all entertainment but instead have them off to the side. In any case, this guy is trying to flip an abandoned house on a tiny lot, we can't expect it to look like a Malibu cliffside mansion.
Realistically, for the area, the best thing you can do is a full tear down and build a new house. The amount it would cost to renovate this makes it cost-prohibitive. This guy is drastically underpricing the costs. PS, No one wants to climb up and down a tight spiral staircase, ever. No one.
I saw this house on the market last month and saw its potential. Reserve is a hidden secret in Pittsburgh. But I’m tired of these flippers putting more money into houses that aren’t worth it and driving out longterm residents.
Serious question: did the guy give a break down of how much things cost if you’re paying someone else to renovate? If so I thinks he’s very much under estimating.
That house is a nightmare. I think the estimates are way to low. You will also have to put in new windows if you move the kitchen. Don't think cabinets fit under the existing ones. I wish whoever does this good luck. I'm glad it is not me.
Running plumbing to all three stories on this little one bedroom house seems excessive. The spiral staircase is a design choice, but impractical for getting any kind of furniture in and out, being the only entrance/exit point for both the bedroom and the basement. The kitchen would be a good thing to flip because you could take advantage of the heat source being the meat in the sandwich between the bedroom and basement, however i would switch the upper cabinets to be on the windowless wall to take advantage of all that light and not block it off. Points for showing an affordable house, but these changes presented are so out of touch with reality for anyone getting into the real estate game at that level. For him I would say focus on presenting engineering solutions: electrics, plumbing, HVAC and leave the designing to a licensed architect. I appriechate the bit about the front porch and proposing possible solutions or lengthening it for more outdoor living space.
It's necessary. This property is spent, if they are going to renovate, then it needs Function and Value. *"Depending on the location value":* purchase price ($66,000) allows an easy $74,000 total $140,000 A most reasonable amount, the whole renovation with loan mortgage amount would be tax worthy. There's no reason not to make the property have value. The investment of $140,000 would, upon completion, result in a profit gain range of value @ appx $70,000 - 100,000. Meaning the House would be valued on loan and insurance at a minimum of 210K - 240K. These are all positive dollars.
Keep the kitchen where it is and add the half bath. That's a savings. Moving the kitchen does less than he suggests. The add-on is a punky space for a living room. If on the upper floor you have a large enough upstairs window, you can bring stuff up using a hoist mounted to the exterior wall, like they do in Holland. I'd have a laundry upstairs. Taking the laundry from upstairs, where most of it would be generated, down two flights to the basement then back up again, is a really bad idea.
@@b_uppy I agree, putting in an upstairs bathroom that includes a laundry makes a lot of sense. And since there already is plumbing in the kitchen, turning that smaller space into a living room seems pointless. Also, if the kitchen is used as the main living area, there is a lot more work in keeping the kitchen clean and neat, instead of just closing the door after dinner and relaxing for a while.
@@adajanetta1 Truly. You could also have the washer and dryer on the main floor, in the event the basement is turned into a bedroom. That way you're splitting the difference as far as toting laundry. Would be nice to see dumbwaiters make a comeback. Toting laundry, etc up and down stairs sucks, and can be dangerous...
My renovation plan for this house would consist of a well placed match. This house has 3 less square feet than my 1 bedroom apartment. The basement "bathroom" is an absolute nightmare, shower looks like you'd finish dirtier than when you started.
Loved the spirit of the video and learned a lot! Had no idea what a 'Pittsburg potty' was! I liked the contractor's suggestions (except where he suggested installing carpet.) The lot seems nice with a great view and that tree, but I agree with some of the comments, this property is probably more valuable as a tear down with a new build that is respectful of the character of the neighborhood.
The low end estimate to strip and repaint the porch is $200? I can't get a person to show up and sneeze for under $500. Unless, he is considering that he pays someone minimum wage and then would bark at them to do a meh job.
Amazing , only in US this condemned, rotten building would be considered a renovation instead of tear down. People should not live like this in the US of A, this is shameful.
It looks big from the outside but the inside is a no. Why is the house laid out that way? It looks so old inside...like some 1800s type of homestead. No one needs a one bedroom house anymore ...and why is it so dark? No.
That inside step is just plain dangerous. You always have a door swing to a wall, not into an open space. It's what's expected. The idea of having a laundry in the basement when likely most of the laundry comes out of the bedroom? That makes carrying it two floors down to the basement *with his spiral stairs, to boot,* seems like a total lack of thoughtfulness, and adds more danger. I'd keep the kitchen in the same space, close to the entry, with the half bath. His reason for replumbing does little to the plan. This guy is not someone I'd come to for design advice.
*See the Accounting Below* *The Commentors obviously aren't familiar with Home Purchase + Loan/Interest (Deductions) and the Value after Rennovation.* *"Depending on the location value":* purchase price ($66,000) allows an easy $74,000 total $140,000 A most reasonable amount, the whole renovation with loan mortgage amount would be tax worthy. There's no reason not to make the property have value. The investment of $140,000 would, upon completion, result in a profit gain range of value @ appx $70,000 - 100,000. Meaning the House would be valued on loan and insurance and *Apprasial Value* at a minimum of 210K - 240K. *These are all positive dollars.* The Buyer will put down $10,000 and finance the remaining, resulting in a Monthly Note @ appx $700
Since the porch is unstable and the house needs insulating, could you scrap the porch and build a proper 8' addition right across the entire ground floor front of the house? Create a small powder room to the far left front and relocate the main entrance door more centrally?
Even though I don’t like some of the ideas, I can definitely see the potential in this house and there are definitely worse starting off points than that.
@@avayu2289 Oh I thought you meant this property was finished and other sites posted it already. It sounds like AD hasn't started the renovation on this yet so that's why they're talking about the "potential remodel.
most ludicrous suggestion -- the spiral staircase. Right. Guarantee that it will be impossible to ever move actual furniture (rather than IKEA flat-pack) from one level to another.
I think the top priority is to increase the number of bedrooms. 1BR is too few for a family. The house itself doesn't look that small. If someone can make it a 3 bedroom house with modern amenities then it might be worth it.
Beautiful house and setting, but I would definitely get rid of the giant pine tree. It would look great in a forest, but its colossal scale is completely inappropriate for a domestic front garden and steals the natural light to the property!
The rupiah's exchange rate against rp9,100 per dollar in the Jakarta interbank spot market on Tuesday afternoon dropped to rp9,310/9,329 per dollar on Tuesday as investors bought the local unit on Tuesday
Can we talk about spiral staircases just for a second? Yes, they look "cool" but nauseating to climb, and forget about moving furniture up the stairs. Cue Ross from Friends Pivot....PIVOT....P I V O TTTTTTT
I am going to put spiral staircases in the same category as the trendy "rainfall" shower heads. They look cool, but from a functional perspective they are terrible. Here is the reasoning I have heard from several people.. 1) water pressure is low since the water is spread out over a wider surface than a traditional shower head. 2) Because water comes directly above you, water gets in your eyes and makes it almost impossible to wash your body and hair in the stream, so you have to step to the side which leads you to getting cold. 3) They are extra costly to put in since the plumbing has to go above the shower further away from the water supply. Get a nice quality traditional showerhead with multiple settings instead and save the rain showers for outside! :) While on the "thermodynamics" subject, those large open showers with no doors are also stupid since they heat rapidly escapes since there is no door, curtain or wall to contain the heat. My shower is 32" x 32" and it's the perfect size, and it becomes like a steam room during the shower. I can't have a party in there, but that isn't the point of a shower stall...is it?
It’s not efficient to buy a home with 1 bedroom & 1 bath at 66k with 150k reno. That’s too much even for a nice neighborhood. It’s much better to tear down the house and build a new one and/or use some of the useable materials like the siding.
Nick dose lot of great renovations jobs. you can check it out in his channal. I am sure he knew the truth, this house is not worth to renovate for real estate investment. but he has to explain for his client who want to make video about renovate this house.
I think the interior is lovely and its good a good old feel to it but i don't think you have to spend so much on it, if you're ready to buy a place like this, then you should be ready to get your hands dirty! you certainly dont have to spend 200k on it, that is ridiculous
I don’t know what this guy is smoking!!!! If this house is historic, walk away. If it’s not, make an offer for $50K. Tear it down, take down the tree for insurance purposes and have a new house ( of any style) built and spend anywhere from $250k to $300... this was just absolutely insane to spend $150 to $200k on this money pit. I hope that this guy I not a real estate agent....
As someone who's something of an expert in this area, having played The Sims, I can vouch for a spiral staircase seamlessly connecting floors and creating flow in rooms.
I appreciate AD showing a glimpse of what many many people do with older homes, especially in economically depressed areas. It’s not always possible to get a bank loan for a tear down/rebuild, but wow the privilege and attitude in these comments really shines through. I appreciate the spirit of this video, which is how to see past ugly and create rather than destroy. I’ve done it and giving a house another 100 years is satisfying. I disagree with people assuming the assumption is to flip, since I heard him suggest building equity over the long term may be needed. Would a single person, or couple, buy a small home for $250k to build personal equity, avoid rent and potentially create income opportunities down the road? Happens all the time.
I agree 100 percent.
@@LauRoot892 Germany
To be brutally honest here, I think this property is worth more as a teardown or even as a vacant lot. Unless there was a famous past resident or the house represents an important piece of history, there is no value in preserving this dilapidated structure. No one should pay $200K just to live in a 1-bedroom, 1.5 bathroom house that is over 100 years old and not up-to-date with modern building codes. They seem to drastically understate the cost of putting in new plumbing, insulation, and electrical wiring. There is no mention of the roof, but that probably needs replacement as well. Unlike adjacent homes, the existing house does not even have a garage, let alone a driveway. Would the residents park their cars on the streets instead? Then they would have the inconvenience of moving their cars for street sweepers and snow plows in the winter. None of this is addressed in this proposed "renovation" budget.
Even $66K is too much for this teardown in a neighborhood of 200k-300k homes. A savvy investor with cash could probably buy this house for $66k, spend $14K tearing down the home ($80K total) and filling in the vacant lot with grass (keep the pine tree though because mature trees add value!), and then selling the vacant lot for $100K-$125K at $20K-55K profit.
Notice how a nearby home towards the right at 1:14 is a newer duplex. If zoning allows for duplexes or a developer could get a variance, they could make even more profit by spending $80K to buy and tear down the single family home while building a 2-family home on this lot and selling each duplex for at least $175K-$200K each.
This house extends all the way to the lot line, so there is no backyard. If they tore down the house, they could probably build a two-car garage and add a two-car driveway on the side opposite to the pine tree, while constructing a fenced-in front yard with a front porch, shrubs, and grass underneath the mature pine tree. They should also leave some setback between the lot boundary and the back of the house to create a small backyard. Then the house would be more marketable to families with dogs, small children, or both.
If they built a new house, they could add in a basement, first floor with a half bath and modern kitchen, and a second floor with 3 bedrooms and 2 bathrooms. This is all about the margin here, but if the market was strong they could spend more money to add in an attic floor with 2 more bedrooms and a balcony overlooking the Pittsburgh skyline, and that could be a real selling point for young professionals who may even pay $350-$375K for a BRAND NEW home that was filled with modern amenities.
I see a lot of potential in this lot, but the existing house is probably not worth preserving. There is much more profit in tearing down this home and building a new single-family home or duplex here.
İ agree tearing down is actually a good idea the owner of the house should consider that since this house will probably not gonna be selled for 66k i mean who would give that money to a house in a situation like this. Like this guy said it needs around 150k to renovate this house so instead of giving total 200k you can buy a way nicer home that will only need decoration.
I agree. Tear down and then put up one of those Elon Musk SpaceX pod or two. Anything is better than restoring from a smart investment view point!
If you put the garage on the basement level, like a Vancouver Special (I think there is a YT video about those too) the parking problem would be solved.
It's not very friendly, but many homes on busy streets in my town have hedges eight, ten or even twelve feet high . These are holly, peiris, or cedar, not deciduous bushes.
Not sure if this guy thought through the details before making this video. The large 1st-floor windows seem to be too low for the cabinets to be placed underneath. The 2nd-floor bathroom has the vanity right in front of a window, and then you are stuck with a small mirror on an arm possibly?
Thought he had a lot of bad design ideas tha tg added unnecessary expense or were just poorly thought out. Spiral staircases down to the basement with 98% of the laundry coming from the upstairs bathroom? How about a washer/dryer up there and prevent a fall? Moving the kitchen is a meh idea. It actually wastes a lot of space. Add the half bath into the current kitchen area.
Having the door change how it opens too was kind of bad. It should open to a wall. He didn't think that out, either.
Their is no shame whatsoever in tearing this place down.
I was going to say the same. Lipstick on a pig is a not a wise investment. The previous owner figured it out....eventually
Yeah. I love old homes but this one triggered me. Time for it to go.
Yes- it doesn't feel good at all. Feels rubbish. The feel isn't good
Someone can do their own reno (or at least some of it) and save money. There's a lot of materials (and thus work) already in place. Many DIYers could do significant portions of it and be okay. If you've got zero skill and gumption, perhaps let someone else buy it.
Most of his design ideas were poor and and added unnecessary costs, some were even dangerous. So there's a lot of savings that could be achieved there by ignoring them.
Putting a laundry in the basement through two flights of spiral staircase when the bedroom is upstairs, was a bad idea. Put it in the upstairs bath. Changing how the door opens is bad. Most people expect it to open to a wall. Keep the kitchen in the original room and add the half bath there.
Keep the obvious fixes.
Maybe build something new on the rest of the lot and use this house as a casita. Or storage. Garage maybe?
A spiral staircase would be dangerous to negotiate for most people. And getting appliances and furniture down it would be impossible.
They look cool.
But my city actually forbids them.
It's also hard to call a one bedroom house a family home. With stairs to the bedroom and to the basement laundry it is also not suitable for a downsizing older couple.
I'd also consider removing the bulky water heater and the forced air furnace and going for on-demand water heaters in the bathrooms and kitchen and electric baseboard heating in the whole house.
Maybe as a short-term rental, like an Airbnb. I would not enjoy carrying dirty and then clean laundry up those stairs, especially if they were configured in a cool spiral.
Considering the professional really only wants to keep the floor, the tree, and the shell of the house, they’re probably better off tearing the house down since only the tree looks good. Like if you’re going to redo the insulation, electrical, plumbing, heating, layout, etc, you might as well do it for a house that actually uses the lot properly. I wouldn’t be surprised if they started renovating the house and found termites, water damage, mold, cracks in the foundation, etc. rendering what they kept worthless. I’m no expert, but considering how much work they’d have to do, they’re better off putting in the work elsewhere or starting from scratch.
Also, does anyone else dislike the thought of just sitting in your front yard around a fire pit? It seems so uncomfortable. For me, the fun of a fire pit is sitting around chatting with friends. It’s cozy and personal. But when it’s in your front yard, you lose that sense of privacy. Even if realistically my neighbors would hear me either way, I would feel more comfortable if we could chat without seeing strangers walking past. Also would probably be loud because of passing cars.
You're right, people sit around a firepit in the back, not the front.
As someone who has renovated a tear down, we did not tear our house down because it would have added SO much to our costs. The only thing original in our house are the ceiling and the studs and maybe 1/3 of the subfloor. EVERYTHING else is brand new and that was incredibly cheaper than tearing it down and starting from scratch.
As far as the fire pit...he explained that there is ONLY a front yard. Sometimes you have to just adapt to what you've got. Our fire pit is in the front yard because our front yard is gigantic and our back yard is tiny
@Hòmè Ďeçoŕè I’ve reported you. No one is interested in your continuing comments on every thread.
While your opinion is valid, some people see these kind of houses as pieces of history. Different generations of people have lived in this particular house. It's not about the renovations that need to be done, it's about the love and hard work that generations of people have put into it. They're also unique, as opposed to some houses built now days, which gives them more character. I personally don't see a reason for buying an OLD house to tare it down and build a brand NEW house in it's place. I'd just buy a plot of land and start from scratch that way. But that's just me.
Also, he's trying to point out the houses potential, not list its flaws...and why do bonfires have to be had in the backyard...?
@@hannahs.9298 I see it that way too, backyard makes more sense for an intimate setting because there's more privacy.
I enjoy listening to Nick. Keep up this series please.
That "bathroom" downstairs is what nightmares are made of.
It's basically going to be a sound booth for anyone in the kitchen or living room to hear all the fun that is had in a bathroom. I guess this is why most houses don't feature them in the very center of all entertainment but instead have them off to the side. In any case, this guy is trying to flip an abandoned house on a tiny lot, we can't expect it to look like a Malibu cliffside mansion.
all it needs is that bigscreen TV on the wall as he showed and suddenly its a luxury mancave
In our house the kitchen is for cooking and eating. All of our “living” (relaxing, entertaining, recreation) gets done in the living room.
Realistically, for the area, the best thing you can do is a full tear down and build a new house. The amount it would cost to renovate this makes it cost-prohibitive. This guy is drastically underpricing the costs.
PS, No one wants to climb up and down a tight spiral staircase, ever. No one.
Tear down and rebuild is inherently more expensive.
I saw this house on the market last month and saw its potential. Reserve is a hidden secret in Pittsburgh. But I’m tired of these flippers putting more money into houses that aren’t worth it and driving out longterm residents.
Just tear it down and start over. There IS NO potential here.
Serious question: did the guy give a break down of how much things cost if you’re paying someone else to renovate? If so I thinks he’s very much under estimating.
He said he's a builder so he probably has his own crews
I’d just rip the place down and build a new house.
It's already had a significant amount done that makes the remaining work much easier. Tearing it down is a waste of materials, and time.
would most likely cost u more and take much longer
🤣
That’s the developer mindset here in Denver and it’s sad and wasteful. Building supplies on our planet aren’t unlimited.
That house is a nightmare. I think the estimates are way to low. You will also have to put in new windows if you move the kitchen. Don't think cabinets fit under the existing ones. I wish whoever does this good luck. I'm glad it is not me.
You talk like drawing in my brain. I could imagine all the changes in the house. From 🇯🇵
And I now want an abandoned home to flip.
Awesome, finally a video for people who make a normal income!
The best thing from that home is that big tree. It is so beautiful... now with that said, this house is "cheap" because is terrible.
Running plumbing to all three stories on this little one bedroom house seems excessive. The spiral staircase is a design choice, but impractical for getting any kind of furniture in and out, being the only entrance/exit point for both the bedroom and the basement. The kitchen would be a good thing to flip because you could take advantage of the heat source being the meat in the sandwich between the bedroom and basement, however i would switch the upper cabinets to be on the windowless wall to take advantage of all that light and not block it off. Points for showing an affordable house, but these changes presented are so out of touch with reality for anyone getting into the real estate game at that level. For him I would say focus on presenting engineering solutions: electrics, plumbing, HVAC and leave the designing to a licensed architect. I appriechate the bit about the front porch and proposing possible solutions or lengthening it for more outdoor living space.
It's necessary. This property is spent, if they are going to renovate, then it needs Function and Value.
*"Depending on the location value":*
purchase price ($66,000) allows an easy $74,000
total $140,000
A most reasonable amount, the whole renovation with loan mortgage amount would be tax worthy.
There's no reason not to make the property have value.
The investment of $140,000 would, upon completion, result in a profit gain range of value @ appx $70,000 - 100,000.
Meaning the House would be valued on loan and insurance at a minimum of 210K - 240K.
These are all positive dollars.
Keep the kitchen where it is and add the half bath. That's a savings. Moving the kitchen does less than he suggests. The add-on is a punky space for a living room.
If on the upper floor you have a large enough upstairs window, you can bring stuff up using a hoist mounted to the exterior wall, like they do in Holland. I'd have a laundry upstairs. Taking the laundry from upstairs, where most of it would be generated, down two flights to the basement then back up again, is a really bad idea.
@@b_uppy I agree, putting in an upstairs bathroom that includes a laundry makes a lot of sense.
And since there already is plumbing in the kitchen, turning that smaller space into a living room seems pointless.
Also, if the kitchen is used as the main living area, there is a lot more work in keeping the kitchen clean and neat, instead of just closing the door after dinner and relaxing for a while.
@@adajanetta1
Truly. You could also have the washer and dryer on the main floor, in the event the basement is turned into a bedroom. That way you're splitting the difference as far as toting laundry.
Would be nice to see dumbwaiters make a comeback. Toting laundry, etc up and down stairs sucks, and can be dangerous...
It makes sense to renovate homes...in a nice area....of a nice city. But I would pass on this one personally.
He's not dumb. There's probably a good reason for this renovation.
These are some extremely optimistic cost estimates.
Well he is a builder so he can buy in bulk or use leftovers from other projects.
My renovation plan for this house would consist of a well placed match. This house has 3 less square feet than my 1 bedroom apartment. The basement "bathroom" is an absolute nightmare, shower looks like you'd finish dirtier than when you started.
You lost me at “fire pit in the front yard”
Loved the spirit of the video and learned a lot! Had no idea what a 'Pittsburg potty' was! I liked the contractor's suggestions (except where he suggested installing carpet.) The lot seems nice with a great view and that tree, but I agree with some of the comments, this property is probably more valuable as a tear down with a new build that is respectful of the character of the neighborhood.
Except that your just making something that prices many people out.
Personally I would make that small powder room a wet room and make the basement an additional small gusts bedroom.
The low end estimate to strip and repaint the porch is $200? I can't get a person to show up and sneeze for under $500. Unless, he is considering that he pays someone minimum wage and then would bark at them to do a meh job.
Well he is a builder so probably a few people will paint everything at once,making it cheaper.
Amazing , only in US this condemned, rotten building would be considered a renovation instead of tear down. People should not live like this in the US of A, this is shameful.
Houses like this or in even worse conditions are renovated all over the world and are a way for people to have homes.
It looks big from the outside but the inside is a no. Why is the house laid out that way? It looks so old inside...like some 1800s type of homestead. No one needs a one bedroom house anymore ...and why is it so dark? No.
Significantly larger houses are selling for $150k.
hate the idea of switching the kitchen and living room and the spiral staircase idea
Appreciate the feedback C J
That inside step is just plain dangerous. You always have a door swing to a wall, not into an open space. It's what's expected.
The idea of having a laundry in the basement when likely most of the laundry comes out of the bedroom? That makes carrying it two floors down to the basement *with his spiral stairs, to boot,* seems like a total lack of thoughtfulness, and adds more danger. I'd keep the kitchen in the same space, close to the entry, with the half bath. His reason for replumbing does little to the plan.
This guy is not someone I'd come to for design advice.
Yeah he doesn't know what hes doing
*See the Accounting Below*
*The Commentors obviously aren't familiar with Home Purchase + Loan/Interest (Deductions) and the Value after Rennovation.*
*"Depending on the location value":*
purchase price ($66,000)
allows an easy $74,000
total $140,000
A most reasonable amount, the whole renovation with loan mortgage amount would be tax worthy.
There's no reason not to make the property have value.
The investment of $140,000 would, upon completion, result in a profit gain range of value @ appx $70,000 - 100,000.
Meaning the House would be valued on loan and insurance and *Apprasial Value* at a minimum of 210K - 240K.
*These are all positive dollars.*
The Buyer will put down $10,000 and finance the remaining, resulting in a Monthly Note @ appx $700
Since the porch is unstable and the house needs insulating, could you scrap the porch and build a proper 8' addition right across the entire ground floor front of the house? Create a small powder room to the far left front and relocate the main entrance door more centrally?
The Indonesian government is planning to raise its interest rate by 25 basis points to 8.25 percent for the 2008 state budget, he said
Excited to see the after transformation.
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Awesome
I spend more time in my living room, than I do my kitchen.
Even though I don’t like some of the ideas, I can definitely see the potential in this house and there are definitely worse starting off points than that.
AD, what is all this “potential” talk when other property media outlets show the final made over product?
Oh really? Do you have a link?
@@09amlenz Too many to list. But go to any HG channel and Joanna Gaines & husband partner portals…use CGI even to demo..
@@avayu2289 Oh I thought you meant this property was finished and other sites posted it already. It sounds like AD hasn't started the renovation on this yet so that's why they're talking about the "potential remodel.
most ludicrous suggestion -- the spiral staircase. Right. Guarantee that it will be impossible to ever move actual furniture (rather than IKEA flat-pack) from one level to another.
I think the top priority is to increase the number of bedrooms. 1BR is too few for a family. The house itself doesn't look that small. If someone can make it a 3 bedroom house with modern amenities then it might be worth it.
This is so interesting !!
More videos like this please :)
upstairs looks like blair witch
Beautiful house and setting, but I would definitely get rid of the giant pine tree. It would look great in a forest, but its colossal scale is completely inappropriate for a domestic front garden and steals the natural light to the property!
I’ve seen abandoned buildings in urbex videos that looks like they’re in better condition than this home.
Also, insulation >>>> architectural moment.
That house is horrible. It’s a tear down but the lot size is too small. Any sane person would walk away.
The rupiah's exchange rate against rp9,100 per dollar in the Jakarta interbank spot market on Tuesday afternoon dropped to rp9,310/9,329 per dollar on Tuesday as investors bought the local unit on Tuesday
OK, lets see the House Transformed.
I would "Swiss it".
Landlord 101 : Divide the house into 3 unit, renovate nothing and charge 1.5K for a « quaint » and « cozy » appartment.
What a beautiful neighborhood and very large house
large????
Can we talk about spiral staircases just for a second?
Yes, they look "cool" but nauseating to climb, and forget about moving furniture up the stairs. Cue Ross from Friends Pivot....PIVOT....P I V O TTTTTTT
I am going to put spiral staircases in the same category as the trendy "rainfall" shower heads. They look cool, but from a functional perspective they are terrible.
Here is the reasoning I have heard from several people..
1) water pressure is low since the water is spread out over a wider surface than a traditional shower head.
2) Because water comes directly above you, water gets in your eyes and makes it almost impossible to wash your body and hair in the stream, so you have to step to the side which leads you to getting cold.
3) They are extra costly to put in since the plumbing has to go above the shower further away from the water supply.
Get a nice quality traditional showerhead with multiple settings instead and save the rain showers for outside! :)
While on the "thermodynamics" subject, those large open showers with no doors are also stupid since they heat rapidly escapes since there is no door, curtain or wall to contain the heat. My shower is 32" x 32" and it's the perfect size, and it becomes like a steam room during the shower. I can't have a party in there, but that isn't the point of a shower stall...is it?
this video geniumely pissed me off.
Why?
It’s not efficient to buy a home with 1 bedroom & 1 bath at 66k with 150k reno. That’s too much even for a nice neighborhood. It’s much better to tear down the house and build a new one and/or use some of the useable materials like the siding.
please invite Benedict Cumberbatch to this channel
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Nick dose lot of great renovations jobs. you can check it out in his channal.
I am sure he knew the truth, this house is not worth to renovate for real estate investment.
but he has to explain for his client who want to make video about renovate this house.
Anyone know where to find the blueprint vectors like bed, tv, toilet used in this video?
This would be like $500,000 in Denver lol
This is 100x worse and 400x smaller than what my house looked like when I bought it and I payed 20k 😂😂
The interior is horrific. It reminded me of something you see in a horror movie.
As something located strategis in with area Indonesia east Java Indonesia
i would take the tree down and do an extention...2/2
I think the interior is lovely and its good a good old feel to it but i don't think you have to spend so much on it, if you're ready to buy a place like this, then you should be ready to get your hands dirty! you certainly dont have to spend 200k on it, that is ridiculous
Cool house. I would never put in a spiral staircase. Too difficult for tall people to use. I think the only people who like them are small children.
Who hangs out in the kitchen?!!!
that place had no bedrooms
Rental property there is very very hard to find.
All talk. Just show us how you actually do it. The results will speak for themselves.
Nope to renovation. That spiral staircase is a hazard to children and anyone over 50.
There's more front yard than there is home
Yes but not everyone needs a big house
Oh so we’re just pretending that we are going to repair the home. Ok that was a waste of time. Lol.
I don’t know what this guy is smoking!!!! If this house is historic, walk away. If it’s not, make an offer for $50K. Tear it down, take down the tree for insurance purposes and have a new house ( of any style) built and spend anywhere from $250k to $300... this was just absolutely insane to spend $150 to $200k on this money pit. I hope that this guy I not a real estate agent....
He wanted to put a bathroom ? But then said he’d removed the wall ?
If I understand correctly downstairs he removes a wall and upstairs he puts one in.
cool
This is just depressing. 1 bedroom? There’s no resale value.
Well its good for a single person or a couple without kids.
Boooooring...
整栋房屋的木板都发霉了。。。。我认为这个房屋是垃圾。。。。。
Sorry, what a waste of time
it's a LOSER. only makes sense if you can do ALL the work yourself. move on.
What is she doing her??? Isn't she too basic for this chanel?
Everybody knows your not supposed to be a bathroom in a kitchen. Thats disgusting. This guy is such a wannabe amauteur
This in Detriot?
The video literally starts out by saying in Pittsburgh
7" isn't a standard size rise man, thats atleast 3" above average 🥲