I'm renovating the apartment upstairs (2 family house) basically by myself single woman and I'm down to the studs and floorboards. Found newspapers from 1940s all over the floor used as shims I think back then. This job is tough but your videos keep me motivated & some history found in the house was a nice surprise. One day this back breaking work will be worth something. Thanks contractor dad!
@ayeuchyk yes! I saw even on ebay 40 to 50 bucks per page sometimes. I have a lot of World War two news in the papers which I know is valuable for history fans. I'm gonna keep some of the pages for the house frame and hang them and sell the others. That helps pay for some of this reno at least 😆
In September of 2022, me and the missus moved into our first home. I'm building a suite , from concrete to studs. Watching your videos is part of my bedtime ritual. Thank you for the time, effort, and passion for sharing your knowledge. Whhenever I need to learn how to do something, this is where I start.
I tried renovating my home on my own. Everything went well until I got to the plumbing. The thing I learned from that hard learned lesson and like every plumber knows is: Water doesn't flow up hill, Fridays are payday and don't bite your nails.
I honestly just enjoy the knowledge and the calm, take a breath mentality that you have with your communication! Have been watching for a long time while my wife and I had been remodeling all our homes over the years, and even after our crazy ventures, I still am up late just watching all your great content as you release it! Many thanks, from the Brooks family! And let me know if you need a great experienced hand! 👉 😅
I love the idea of us paying a monthly to be a part of a buyers group that gives us contractor level access. I feel like we could do some of the work and maybe do some research of our areas and have somewhere to post known suppliers in our areas for each other. I am not afraid of spending money on renovations for my 1893 house. I have it livable in now so now I am here 24/7. But only a fool would not want to maximize their budget.
This video is a timely and valuable resource for budget-conscious homeowners. It delivers a wealth of practical advice that covers a range of home improvement projects. It's a fantastic guide for those looking to make their homes better without overspending.
I've been renovating my house for the last few years mostly DIY and I have definitely learned to search the area for lumber yards, tile stores etc. before checking out the big box store. Not only are the people at specialty stores usually wayy more knowledgeable and helpful, but the quality is usually much better too. Especially things like trim. Big box stores usually charge a similar price, sometimes cheaper, but the quality is absolute garbage 99.9% of the time.
This is it!! This kind of discussion is what we need. All of North America needs to hear this. As young men and women we are staring at opportunity and most of us don’t know it. Let this be your starting point for a journey of working hard and increasing your net worth dramatically.
Similar to others, I"m watching a ton of your videos and learning so much as I put a suite into our basement. Based on your suggestion, I got a quote for 4 doors from a proper lumber yard and each door was less than 1/2 the cost (and two were 1/3) of what HD wanted for the same doors. I owe your several beers if you or your team are ever in Vancouver.
This video could not have come at a more perfect time - myself and my wife (both 27) have been very fortunate to be able to afford a good sized 3 bed/2 bath house near OKC, and while it is in decent shape and is very much livable, we've wanted to make some major improvements including bathroom remodels, re-flooring, and new countertops in the kitchen at a minimum - and with Spring approaching, we've been beginning to try and figure out what I can do myself and what we may need a professional to do for us. I didn't really know there were alternatives to home depot or lowes, and the section about budgeting each part of the house is going to be extremely useful for us when planning all this. Thank you!
I grew up near you, keep an eye on craigslist,, especially the Houston page.. in 2008 market crash,, the container ships with all you need get abandoned and auctioned off,, its actually worth it to rent a large uhaul to go pick up everything for nearly nothing. we did paid $1 for $6 flooring,, (if you want,, get a group shopping list from your friends).. I am already FINALLY seeing huge liquidation auctions in Kansas.
FREE ADVICE!!!! do one bathroom at a time. maintain the equity in your home while doing projects. Life happens and you don't want to face a difficult time with half the house ripped apart in need of selling.
Jeff you are a true blessing to us all, thank you so much for all the information. I promise to put it all to good use! Is there any videos you have that could go into more detail about this running a business from home and the right-off's that would apply?
Business owner here running a dog boarding business from my home and with tax attorney father. I write off everything from Electric bill to heating to cleaning products/supplies and even my truck. Usually the best thing to write off is energy use internet, electric, heating etc. Or vehicle if you do end up with a weekend side job like he mentioned just write off the gas, insurance, tolls, payment everything. I even total out the oil changes, tires etc yearly and write that off too. As for home reno write off the whole damn bill of supplies you buy. Its going towards your house. Hell, airbnb it for a weekend if you go away make money while you're on vacation AND have a "airbnb" business to show why you needed to do reno work. Like he said rich people do this stuff all the time it's about time the working class do the same. Best of luck!
15 years ago I went to every weekend project workshop my Lowe’s offered for free and I loved it and learned so much. Now I’m remodeling again and they have nothing like that at all but they will still charge me to install anything I buy
Down here in New Jersey nearly every wholesaler is open to the public but you have to know what you want. If you’re shopping for fixtures or lighting something like that they might have a showroom but for the most part it’s just a desk and a warehouse. Im a contractor myself but a video on the process of buying and ordering in these place might be useful. It can be intimidating the first few times you do it.
Great channel, Jeff! With regard to using a % of your home for business use and claiming CCA, when the house is sold, CCA gets recaptured ("unclaimed") and capital gains apply if the house is sold for more than the ACB. We decided not to claim a % of our principle residence for business because tax on the capital gains would be MUCH more than the temporary CCA tax benefit and claimed expenses over 10 years.
I'm a homeschool mom and homeschool works the same way. We join cooperatives and get teacher discounts at stores and services. We get discounts on everything from stores to amusement parks. I'm talking big discounts too.
FINALLY…some is speaking the truth out inheritance, legacy and home ownership. I’m in the market for a house and I’m not afraid to buy one that needs work. I plan on doing what I can, learning what I need to know and contracting out things I’m qualified to do. I will be viewing your catalog of videos throughout the whole venture.
we own a 4 bdr 2 bath 2 story 2300 sf home with 500 sf unfinished. We added 2 more bedrooms and a full bathroom, I did all the framing myself and the electrical added to an already existing sub-panel . Also one of the new bedrooms has connections for washer and Dryer in the closet for the teenagers living on that floor. The bathroom has separated sink vanity from the toilet / shower / bathtub area. We also added an AC to the HVAC so it could all be inspected as the same time. To stay in budget we bartered and traded services for the Drywall installation and mudding and texture. Also sound proofed the rooms with knowledge gained from watching this Channel (Thank you sooooo much) I love your channel and the way you present your information and ways to perform the tasks. next will be remolding the main laundry room and then the kitchen. Again love your channel!!!!!
My husband and I are in the process of purchasing a 5 1/2 acre piece of land, there is a house on it that is not livable. We want to try and save it, eventually move into it (3year plan) sell our current house, build a pole barn and barndominium. We can do a lot of work ourselves. Some days I think we’ve lost our minds, other days I can’t wait to get started.
@@Mattyice91I’m doing this too. I got a house on 9 acres. I have it down to the studs. I just finally repaired the damages. Now I’m getting ready to button up the perimeter so I can work on the plumbing, electrical, flooring, insulation and walls. I’m doing it alone. And it will be a journey.
Thank you for this. I used to feel guilty for signing up for commercial and business accounts without a business. However, I always felt like it made no sense that I couldn't get the same savings as a business for doing it myself. If you're doing it yourself, you should be able to save $.
don't feel guilty. just know what you want and get it cheap. If you spend the time to know what you want you don't have to pay a premium for someone to tell you what you need. Cheers!
Jeff, you are awesome. I’ve been watching your videos for a few years now I’ve done tackle the bathroom & laundry room this summer. I’m doing a floating deck only thing I’m still scared to do is the flooring even though you made it look easy in your video.
Here in Southwest England we have sn equiverlant store like your Home Depot called B&Q. Massive DIY store. They do videos on how to do things like tile a floor, paper walls, etc. I am a single mature woman who has done all her own DIY for decades. I learned to do joinery, plastering decorating, tiling and now Demo...The kitchen is next. I love doing it myself. Saves paying £250 per day for a tradesperson. Its not as perfect but it is ok.
Find home builders and their suppliers! Bigfoot building supply in Calagry for example, half the price on doors, trim/casing to home dump. I saved a tonne of money going to stores I've never heard of before. Same with paint, call up the company on the paint can in your basement from the developer!
Thanks for the motivating content. Single woman in my 60's here, quite good at DIY. I tried setting up a cash account at my local paint store, and they told me they have a minimum spend per year to get their contractor rates. I could sign up for an account, but I know I will not spend 20k on paint in 1 year. I'm DIYing, so it's going to take me multiple years. Change paint vendors each year? Thoughts? I have found a lumber place that is already extending me great prices on their trim. Another lumber company that I just opened an account at. Their choices of woods is extensive & quality is so much better than the box stores. Thanks for posting this information. My house needs a lot of love. I can take my time & buy products when I'm ready to use them, and being selective about where I buy.
Just get the account. In my experience they do not cancel anyone who does not meet the arbitrary threshold. especially since 20,000 was an obvious ploy to keep you stuck to retail. Cheers!
Hey Jeff you mentioned Ace as an alternative. My experience with Ace is expensive compared to big box stores. They sometimes carry nitch products but 90% of the time they cost more.
ace is more expensive for common products besides hardware in my area. but they have excelent help and they offer stuff for the age of the neighborhood the store is in. they have single pane glass ready to go in old neighborhoods. idk what they got in new neighborhoods because i dont live in one. im buying a house thats twenty years newer then the one i own now and its still 50 years old. cheers from arizona.
i remember taking my kits to HD's kids building classes! Unfortunately I'm not as young as I used to be ... while my head wants to do all the work, my body says no. So I do what I can, and hire out the rest.
Jeff, you’re the man by the way! I have a serious DIY job on my hands, and I’m struggling to get good interior design / remodelling advice. It seems to be a massive cost for most projects, and wondering how you do it? I’m planning a complete restructure of my whole home layout. My issue isn’t the engineering or construction, it’s strictly getting good advice on room layout and flow to the house. Surely I’m not the only person in this boat?
what i do is use a marker to identify all the traffic areas. then play with the layout to eliminate as many of them as possible. makes every house feel so much bigger.
I love that you got my brain vibes, I was just wondering about what you had mentioned in a previous live about buying from the source. I am planning my long term and I have some things I wana bring further closer to present which we all know a timeline is very financial dependent soooo yeauh let's gain some knowledge.
I grew up HVAC , Then I got a county Job doing maintenance ,, I had to use My brothers Biz to get the parts for the county from HVAC suppliers , being commercial / industrial ,, Good thing I made the Mark-up
Jeff I thought you were asking me a question. Do you remember when. Well I do. I started working for Home Depot in 1984 about 1½ years after they opened the first store. Store # 1 it was on Memorial Drive at I-285 just east of Atlanta. I can remember the times when Bernie Marcus and Arthur Blank actually came in to the stores. They would speak to you "how are you? Is there anything we can do for you?" Real men, good men and Godley men.
Yes you can if you do your homework, looking for deals. For instance, my last house I built I purchased my outside garage carriage lights at basement bargain price and all ceramic floor tile for less than .25 cents per sq. Foot. The deals are there if you invest the time to find them.
Thanks Professor Jeff. I am regrouping after more health problems and recovering time to work again . I’m dedicating as long as I’m breathing. I was thinks about a place to start or a book . I still have not accessed the private page perks and organizing my renovation plans. ❤. Cheers
Nice video. I did call Prosol here in Ottawa and they wouldn't sell to me but maybe I needed to open a cash account. Guy on the phone didn't offer one though but told me to call any flooring place and buy from them. I got one quote for 0.79/sqft CDN and thought that was too expensive. Keep it up, this if great advice!
I paid 20000 for my house and half acre. It was an old camp and I thought I could live there and renovate it. The problem was the person I bought it from is family and I totally trusted him. I’m also a single mom and full time caregiver to my adult son with severe/ nonverbal autism. I couldn’t do it… the bathroom ceiling fell in and the floor in the living room and bedroom started warping and it made the asbestos tile start breaking. I moved us into an apartment for 2 years while I searched for a group home/supported living situation for my son. He just moved in 2 months ago. I’ve been taking on the challenges with the house because I can’t stay in the apartment without my son. (Disabled apartment) I haven’t been able to get a regular job for the past 25 years, I’m 51 with no resume. Thank you for making these videos. They really do help and are even inspiring me to video my attempts / failures/ successes. You rock.
I love watching your channel Jeff! You tell it like it is!!! How do you feel about shopping at Habitat for Humanity/Reduce Reuse store?? I love it, I check it out weekly.
I'm in a house that hasn't been renovated except for paint and cheap flooring since 1975 when it was built. In my area, they are selling mobile/manufactured homes the size of mine including lot for 600k with upgrades. I bought the house for 180k and I am renovating it. And the properties for sale have always been limited. I expect a very hefty return on my investment by the time I'm ready to sell the place in a few years. We're tackling the room that bugged me the most first, the bathroom, and it's a total gut. It's a one-bedroom house, and I'm on a tight budget, so we're renovating it stepwise. We expanded the room by about three feet on two sides because we had a huge closet on the other side of two walls. We've moved the toilet to it's new location and we're working on putting in a two-system shower that is huge. While we're doing that, the existing tub and shower surround stays so we can use the bathroom while we go. It's hard living this way, because the vanity had to go (handwashing and tooth brushing in the kitchen sink. gah!) But it's going to be so worth it when we're done. We're using laticrete for the shower system, and plan on installing a floating vanity with glass bowl and high end fixtures, textured tile on the floors, new ceiling, new lights, installing an exhaust that wasnt there, plus beadboard lower walls and fresh paint. We're upgrading the lights and electrical to install missing gfi. The whole works. So far in all the fixtures and materials we have already purchased and stockpiled, we expect to get the job done in right under 10k. And that's using box-store and online ordered everything. Not doing it would be downright stupid.
New sub. Thank you for all this info. Please do a show to provide all the names of places with discount prices in Canada. And how to get write offs. Awesome.
you can guy an $8 bag of thinset at home depot. the reality is most suppliers are not cheaper or better quality than home depot. the ones that do give you a discount do require contractor accounts and for any deal and even then it all depends on your purchasing power. the more you buy the more you save, you’ll need to be on you 6/7th order before they knock anything significant off.
The biggest drawback to using supply houses and such is attitude towards folks not in the business. I've had poor experiences with plumbing supply because I used the wrong term or asked questions. The fella at the counter told me I'd be better off in the showroom than his supply house. It's a bit off putting. It's also a different process than going to the big box, grabbing what you need from the aisle and heading to checkout. A process that they don't want to let you in on. I'm in New York so I don't know if the people here gatekeep more than other places but you're absolutely right in the convenience of the big box store keeping me coming back. More often than not I need to load up my truck and go, not dance around someone who can't be bothered with selling to me. Have any advice on getting more familiar with the buying process?
@@HomeRenoVisionDIY Plumbing was just an example but the experience carries to contractor supplies of all types. The buying experience is very different than the big box. That's the information I was attempting to draw out.
I'm a prime candidate for what Jeff if discussing today. Totally renovated our laundry room (with Jeff's help and with Sal D's help) since the former owners fully disregarded the space and treated their young 10 yr old machines like these magical dirt removers which were absolutely disgusting and not even worth fixing now for a simple bearing replacement. The substrate floor grinding (after Ditra removal) is probably the only part of the job I would have hired-out (it was like rotatating tires and my time/health safety is worth way more). If all it takes is for me to own my own small business so that I can write off part of my living space expenses, I'm all ears...because I have a decision point coming in a few more months where I need to decide whether to stay in the near upper-management position at my workplace or otherwise go back to being maxed with less responsibility in my fully matured series at the day job after the temp-promote try-it-out is over. I'd much rather be fixing holes and keeping more of my take home pay with tax write offs at the lower grade level than having to go on all sorts of work related travel and constant management discussions.
Love your videos! I'm 26 and just flipped my first condo(thank you for teaching me how to do a backsplash and paint cabinets) I'm now under contract on my first residential home which is going to need a near complete renovation. All your videos are very informative I appreciate what you and your team do, Thank you!
Have you talked about time and price tile vs apoxy? It's beautiful, interesting, doesn't seem as particular. So you are the dude I follow. Consider a video or detailed response please and thank you. Big fan.
For those who had a hard time catching the name of the flooring place, the name is Prosol. Might just be my bad hearing but it took a few tries for me to catch the name at first.
I'm in Canada in a largish city, and have been trying to find a flooring wholesaler since your recent video. Thank you for mentioning Prosol! I was almost 2,000 sq ft of flooring to replace and want to save money without sacrificing quality.
I'm gonna say that "writing off" is a well controlled process. If you file a schedule C I think it is, in the US, filing taxes is a lot harder. And don't think they simply won't audit you on account of small margins!
I recently bought a duplex, rent one side and live in the other. I have a basement I want to finish (built in 1995) and add a bedroom and bath to get more rent! Want to do as much as I can by myself and do not have a bunch of capital laying around to splash the cash on it!
Good topic Jeff. Native Vancouver here for long time, everyone knows we got the most expensive real esate in Canada. Prices on home reno are stupid over here. I've been buying my goods mostly from Market Place, auctions , private sale for long. Over 90% of the time I get at least 30 percent off. Other times as low as 80% from tools to materials. Off course I dont always get what I want, such as colors, designs, selections, but the deep discounts are certainly worth it. I was inspired the first time when I got over 60% on premium floors packs, back 6 years ago, from that point on , I was being super cheap, I never wanted to go back to retail stores again. I not only saved money for my house projects but at the same reselling it for good coins, to supplement my income. Now that I'm fully comitted to this , I built an extensive network of people and networking, I hardly ever go to those stores anymore.
I'm also in vancouver, are there are companies you recommend for either renovations or just to go buy materials? It seems like Prosol for example needs you to have a company
I love these videos, but I have a bone to pick with the math. I am an appraiser and where I live (say a 50 mile radius around Seattle), land is about 33% of the total value for new homes and for 40-50 year old houses in my hometown, land is 90-100% of the value. A 100-year-old rental I own in Seattle reverses that pattern--a decent Craftsman house with nice historical features can maintain some value, but it's rarely 50% of the total. In Seattle proper, they rarely replace a SFR with another SFR (instead it's a duplex, 4-plex, or SFR with a couple accessory dwelling units... if the lot is big enough and zoning amenable, it could be replacing a SFR with a 12-unit apartment building!), but in the suburb where I live, the absolute standard is to buy a mid-century blah of 2,000 sf and replace it with a 4,500-sf McMansion. That means the land price has to compete with entry-level home-buyers (and vice versa) and for the past few decades, the builders have been driving value (except from 2009-2013 or so). If that McMansion sells for $3.0M new, spec builders are happy enough to spend $1M on the 8,500-sf lot, whether there's a house on it or not. Friends in a 1973-built lakefront mansion were unhappy to hear that if they ever went on the market, their house would be a teardown. Custom built by a locally famous architect! Worthless! (in terms of market value. It's still a great house.) But all the value is in the land. Another quirk that may or may not be local: The expected life of a trophy house is about 25 years, whereas the expected life of a more ordinary house will be 50+. Why is that? If the trophy house is in a trophy location (which is assumed), anybody coming in spending $5M or more for a house on the lake or with city and mountain views will want to tear down the existing house and build their own more trendy version. My friends don't have a media room, a gym, an indoor pool, and every BR doesn't have its own bathroom, etc, but their neighbors do and anybody buying that lakefront shy-acre will surely want all that cool stuff, too, so down goes the otherwise lovely house and up goes a bigger new one, with all the current bells and whistles available. Well, in the Seattle suburbs, anyway. For better or worse. I have no problem with it, but most people think it's worse.
Join us for our next live show Tuesday March 14th at 5pm EST. Cheers!
Can't wait.
Cheers Caleb!
I'm renovating the apartment upstairs (2 family house) basically by myself single woman and I'm down to the studs and floorboards. Found newspapers from 1940s all over the floor used as shims I think back then. This job is tough but your videos keep me motivated & some history found in the house was a nice surprise. One day this back breaking work will be worth something. Thanks contractor dad!
Happy to help!
Just make sure you're not broken by the time you see that money back 😊
@@alexandrepiche5609 you ain't kidding! My whole body is a mess 😆
Tip: I sold a bunch of these old newspapers I found in the walls and floors on Kijiji for $30-50 each!
@ayeuchyk yes! I saw even on ebay 40 to 50 bucks per page sometimes. I have a lot of World War two news in the papers which I know is valuable for history fans. I'm gonna keep some of the pages for the house frame and hang them and sell the others. That helps pay for some of this reno at least 😆
As a first time homebuyer I am in love with your content and your general cadence. Excited to keep learning from you.
In September of 2022, me and the missus moved into our first home. I'm building a suite , from concrete to studs. Watching your videos is part of my bedtime ritual. Thank you for the time, effort, and passion for sharing your knowledge. Whhenever I need to learn how to do something, this is where I start.
well done my man. Cheers!
Love that you worry about your family and think others should too. Much respect. There is nothing without family.
If you loose your family you have already lost yourself. Cheers!
I tried renovating my home on my own. Everything went well until I got to the plumbing. The thing I learned from that hard learned lesson and like every plumber knows is: Water doesn't flow up hill, Fridays are payday and don't bite your nails.
I honestly just enjoy the knowledge and the calm, take a breath mentality that you have with your communication!
Have been watching for a long time while my wife and I had been remodeling all our homes over the years, and even after our crazy ventures, I still am up late just watching all your great content as you release it!
Many thanks, from the Brooks family!
And let me know if you need a great experienced hand! 👉 😅
I love the idea of us paying a monthly to be a part of a buyers group that gives us contractor level access. I feel like we could do some of the work and maybe do some research of our areas and have somewhere to post known suppliers in our areas for each other. I am not afraid of spending money on renovations for my 1893 house. I have it livable in now so now I am here 24/7. But only a fool would not want to maximize their budget.
Well said! Cheers!
Please do that video where you tell all of the “hidden gem” contractors that we can buy directly from! 5:05
You are encouraging me. I'm starting with small projects but thinking bigger.
This is a great, no bs video, that gives you a lot of useful facts in a short time without spending half the video trying to sell you on a "program".
This video is a timely and valuable resource for budget-conscious homeowners. It delivers a wealth of practical advice that covers a range of home improvement projects. It's a fantastic guide for those looking to make their homes better without overspending.
I've been renovating my house for the last few years mostly DIY and I have definitely learned to search the area for lumber yards, tile stores etc. before checking out the big box store. Not only are the people at specialty stores usually wayy more knowledgeable and helpful, but the quality is usually much better too. Especially things like trim. Big box stores usually charge a similar price, sometimes cheaper, but the quality is absolute garbage 99.9% of the time.
This is it!! This kind of discussion is what we need. All of North America needs to hear this. As young men and women we are staring at opportunity and most of us don’t know it. Let this be your starting point for a journey of working hard and increasing your net worth dramatically.
Similar to others, I"m watching a ton of your videos and learning so much as I put a suite into our basement. Based on your suggestion, I got a quote for 4 doors from a proper lumber yard and each door was less than 1/2 the cost (and two were 1/3) of what HD wanted for the same doors. I owe your several beers if you or your team are ever in Vancouver.
This video could not have come at a more perfect time - myself and my wife (both 27) have been very fortunate to be able to afford a good sized 3 bed/2 bath house near OKC, and while it is in decent shape and is very much livable, we've wanted to make some major improvements including bathroom remodels, re-flooring, and new countertops in the kitchen at a minimum - and with Spring approaching, we've been beginning to try and figure out what I can do myself and what we may need a professional to do for us. I didn't really know there were alternatives to home depot or lowes, and the section about budgeting each part of the house is going to be extremely useful for us when planning all this. Thank you!
I grew up near you, keep an eye on craigslist,, especially the Houston page.. in 2008 market crash,, the container ships with all you need get abandoned and auctioned off,, its actually worth it to rent a large uhaul to go pick up everything for nearly nothing. we did paid $1 for $6 flooring,, (if you want,, get a group shopping list from your friends).. I am already FINALLY seeing huge liquidation auctions in Kansas.
FREE ADVICE!!!! do one bathroom at a time. maintain the equity in your home while doing projects. Life happens and you don't want to face a difficult time with half the house ripped apart in need of selling.
Love these videos, Jeff, I just recently opened up a business account...they asked me when my business was established and I told them just now.
Jeff you are a true blessing to us all, thank you so much for all the information. I promise to put it all to good use!
Is there any videos you have that could go into more detail about this running a business from home and the right-off's that would apply?
Business owner here running a dog boarding business from my home and with tax attorney father. I write off everything from Electric bill to heating to cleaning products/supplies and even my truck. Usually the best thing to write off is energy use internet, electric, heating etc. Or vehicle if you do end up with a weekend side job like he mentioned just write off the gas, insurance, tolls, payment everything. I even total out the oil changes, tires etc yearly and write that off too. As for home reno write off the whole damn bill of supplies you buy. Its going towards your house. Hell, airbnb it for a weekend if you go away make money while you're on vacation AND have a "airbnb" business to show why you needed to do reno work. Like he said rich people do this stuff all the time it's about time the working class do the same. Best of luck!
I would be happy to cover that in a video on of these days!
15 years ago I went to every weekend project workshop my Lowe’s offered for free and I loved it and learned so much. Now I’m remodeling again and they have nothing like that at all but they will still charge me to install anything I buy
Funny since the world is short on labor. Cheers!
works great if you want to live in a birdhouse. Cheers!
@@Tridentor kids projects won’t help me remodel my kitchen
Down here in New Jersey nearly every wholesaler is open to the public but you have to know what you want. If you’re shopping for fixtures or lighting something like that they might have a showroom but for the most part it’s just a desk and a warehouse.
Im a contractor myself but a video on the process of buying and ordering in these place might be useful. It can be intimidating the first few times you do it.
Great idea
I second this!
Ohh a buying group! Love it! Nothing accelerates change like buying power!
So true!
Yes please make a shopping list!
Great channel, Jeff! With regard to using a % of your home for business use and claiming CCA, when the house is sold, CCA gets recaptured ("unclaimed") and capital gains apply if the house is sold for more than the ACB. We decided not to claim a % of our principle residence for business because tax on the capital gains would be MUCH more than the temporary CCA tax benefit and claimed expenses over 10 years.
I'm a homeschool mom and homeschool works the same way. We join cooperatives and get teacher discounts at stores and services. We get discounts on everything from stores to amusement parks. I'm talking big discounts too.
You need to do a vid on starting a business for tax write offs. I'm renovating my house and would LOVE to learn more about this.
FINALLY…some is speaking the truth out inheritance, legacy and home ownership. I’m in the market for a house and I’m not afraid to buy one that needs work. I plan on doing what I can, learning what I need to know and contracting out things I’m qualified to do. I will be viewing your catalog of videos throughout the whole venture.
Happy to be of help Marion.
First time watcher/subscriber and I’m very relieved to come across your channel.
we own a 4 bdr 2 bath 2 story 2300 sf home with 500 sf unfinished. We added 2 more bedrooms and a full bathroom, I did all the framing myself and the electrical added to an already existing sub-panel . Also one of the new bedrooms has connections for washer and Dryer in the closet for the teenagers living on that floor. The bathroom has separated sink vanity from the toilet / shower / bathtub area. We also added an AC to the HVAC so it could all be inspected as the same time. To stay in budget we bartered and traded services for the Drywall installation and mudding and texture. Also sound proofed the rooms with knowledge gained from watching this Channel (Thank you sooooo much) I love your channel and the way you present your information and ways to perform the tasks. next will be remolding the main laundry room and then the kitchen. Again love your channel!!!!!
You are so right Jeff. Home Hardware is amazing and its Canadian.
My husband and I are in the process of purchasing a 5 1/2 acre piece of land, there is a house on it that is not livable. We want to try and save it, eventually move into it (3year plan) sell our current house, build a pole barn and barndominium. We can do a lot of work ourselves. Some days I think we’ve lost our minds, other days I can’t wait to get started.
My wife and I are doing the same thing with a house on close to 8 acres! We plan on doing all the repairs ourself. Slowly but surely! Good luck!
@@Mattyice91I’m doing this too. I got a house on 9 acres. I have it down to the studs. I just finally repaired the damages. Now I’m getting ready to button up the perimeter so I can work on the plumbing, electrical, flooring, insulation and walls.
I’m doing it alone. And it will be a journey.
I am loving these types of videos and there are a ton of golden nuggets in them. Opening a business is a genius idea...thanks Jeff!
Thank you for this. I used to feel guilty for signing up for commercial and business accounts without a business. However, I always felt like it made no sense that I couldn't get the same savings as a business for doing it myself. If you're doing it yourself, you should be able to save $.
don't feel guilty. just know what you want and get it cheap. If you spend the time to know what you want you don't have to pay a premium for someone to tell you what you need. Cheers!
Jeff, you are awesome. I’ve been watching your videos for a few years now I’ve done tackle the bathroom & laundry room this summer. I’m doing a floating deck only thing I’m still scared to do is the flooring even though you made it look easy in your video.
I am going to do a new flooring video focused on beginners this year. Cheers!
Here in Southwest England we have sn equiverlant store like your Home Depot called B&Q. Massive DIY store. They do videos on how to do things like tile a floor, paper walls, etc. I am a single mature woman who has done all her own DIY for decades. I learned to do joinery, plastering decorating, tiling and now Demo...The kitchen is next. I love doing it myself. Saves paying £250 per day for a tradesperson. Its not as perfect but it is ok.
Find home builders and their suppliers! Bigfoot building supply in Calagry for example, half the price on doors, trim/casing to home dump. I saved a tonne of money going to stores I've never heard of before. Same with paint, call up the company on the paint can in your basement from the developer!
I love your down to earth attitude
Cheers Larissa!
Thanks for the motivating content. Single woman in my 60's here, quite good at DIY. I tried setting up a cash account at my local paint store, and they told me they have a minimum spend per year to get their contractor rates. I could sign up for an account, but I know I will not spend 20k on paint in 1 year. I'm DIYing, so it's going to take me multiple years. Change paint vendors each year? Thoughts? I have found a lumber place that is already extending me great prices on their trim. Another lumber company that I just opened an account at. Their choices of woods is extensive & quality is so much better than the box stores. Thanks for posting this information. My house needs a lot of love. I can take my time & buy products when I'm ready to use them, and being selective about where I buy.
Just get the account. In my experience they do not cancel anyone who does not meet the arbitrary threshold. especially since 20,000 was an obvious ploy to keep you stuck to retail. Cheers!
Hey Jeff you mentioned Ace as an alternative. My experience with Ace is expensive compared to big box stores. They sometimes carry nitch products but 90% of the time they cost more.
Yeah and menards is just the third big box store that has even cheaper lower quality options.
I am so glad you mentioned the business thing. Can you please expand on this concept?
ace is more expensive for common products besides hardware in my area. but they have excelent help and they offer stuff for the age of the neighborhood the store is in. they have single pane glass ready to go in old neighborhoods. idk what they got in new neighborhoods because i dont live in one. im buying a house thats twenty years newer then the one i own now and its still 50 years old. cheers from arizona.
Outstanding! Thanks! Convinced the wife to watch - winner, winner, chicken dinner!
Looking forward to that list. Thanks
Great piece of info from the UK, given me confidence to try it myself👍
Thank you so much for this Gem Jeff, eye opener.
Great statement Jeff ..."long term strategy: you've got 30 years before your knees or your back give out"...too true
if you grow your asset value $20,000 a year over 60 years plus compound interest equals 3 million.
I live in Ontario too, dirt cheap land and houses where I just moved, but no workforce to build or fix them. Good thing I’m handy
i remember taking my kits to HD's kids building classes!
Unfortunately I'm not as young as I used to be ... while my head wants to do all the work, my body says no. So I do what I can, and hire out the rest.
I totally get that!
Thank you Jeff!
you the man! Alternative suppliers... that's what its all about.
Jeff, you’re the man by the way! I have a serious DIY job on my hands, and I’m struggling to get good interior design / remodelling advice. It seems to be a massive cost for most projects, and wondering how you do it? I’m planning a complete restructure of my whole home layout. My issue isn’t the engineering or construction, it’s strictly getting good advice on room layout and flow to the house. Surely I’m not the only person in this boat?
what i do is use a marker to identify all the traffic areas. then play with the layout to eliminate as many of them as possible. makes every house feel so much bigger.
17:07 more facts. Thank you.
I love that you got my brain vibes, I was just wondering about what you had mentioned in a previous live about buying from the source. I am planning my long term and I have some things I wana bring further closer to present which we all know a timeline is very financial dependent soooo yeauh let's gain some knowledge.
Oh wow! Thank you for the advice. Solid!
I grew up HVAC , Then I got a county Job doing maintenance ,, I had to use My brothers Biz to get the parts for the county from HVAC suppliers , being commercial / industrial ,, Good thing I made the Mark-up
This video is absolutely amazing. Thank you
Glad it was helpful!
Jeff I thought you were asking me a question. Do you remember when. Well I do. I started working for Home Depot in 1984 about 1½ years after they opened the first store. Store # 1 it was on Memorial Drive at I-285 just east of Atlanta. I can remember the times when Bernie Marcus and Arthur Blank actually came in to the stores. They would speak to you "how are you? Is there anything we can do for you?" Real men, good men and Godley men.
Yes you can if you do your homework, looking for deals. For instance, my last house I built I purchased my outside garage carriage lights at basement bargain price and all ceramic floor tile for less than .25 cents per sq. Foot. The deals are there if you invest the time to find them.
Thanks for sharing!
I love the level of sass in this video
Thanks for all the videos, very helpful!
Thanks Professor Jeff. I am regrouping after more health problems and recovering time to work again . I’m dedicating as long as I’m breathing. I was thinks about a place to start or a book . I still have not accessed the private page perks and organizing my renovation plans. ❤. Cheers
Nice video. I did call Prosol here in Ottawa and they wouldn't sell to me but maybe I needed to open a cash account. Guy on the phone didn't offer one though but told me to call any flooring place and buy from them. I got one quote for 0.79/sqft CDN and thought that was too expensive. Keep it up, this if great advice!
I paid 20000 for my house and half acre. It was an old camp and I thought I could live there and renovate it. The problem was the person I bought it from is family and I totally trusted him. I’m also a single mom and full time caregiver to my adult son with severe/ nonverbal autism. I couldn’t do it… the bathroom ceiling fell in and the floor in the living room and bedroom started warping and it made the asbestos tile start breaking. I moved us into an apartment for 2 years while I searched for a group home/supported living situation for my son. He just moved in 2 months ago. I’ve been taking on the challenges with the house because I can’t stay in the apartment without my son. (Disabled apartment) I haven’t been able to get a regular job for the past 25 years, I’m 51 with no resume. Thank you for making these videos. They really do help and are even inspiring me to video my attempts / failures/ successes. You rock.
Hi Jennifer. video everything you do and post it. this may even be a career opportunity for you. folks love supporting a great story!
@@HomeRenoVisionDIY thank you. I will do that starting today
Loving these tips and tricks.
Awesome advice. 😊 Your channel has been so helpful in so many ways. You rock! 😎
Happy to help!
This is gold. Thank you
Always great info on your channel ❤😊
My biggest challenge is finding the Alternative Opportunities to purchase from. Any tips on how to start finding them?
google for anything building supplies by trade. Cheers!
I love watching your channel Jeff! You tell it like it is!!! How do you feel about shopping at Habitat for Humanity/Reduce Reuse store?? I love it, I check it out weekly.
You are the best!! God bless you 🌺
I'm in a house that hasn't been renovated except for paint and cheap flooring since 1975 when it was built. In my area, they are selling mobile/manufactured homes the size of mine including lot for 600k with upgrades. I bought the house for 180k and I am renovating it. And the properties for sale have always been limited. I expect a very hefty return on my investment by the time I'm ready to sell the place in a few years. We're tackling the room that bugged me the most first, the bathroom, and it's a total gut. It's a one-bedroom house, and I'm on a tight budget, so we're renovating it stepwise. We expanded the room by about three feet on two sides because we had a huge closet on the other side of two walls. We've moved the toilet to it's new location and we're working on putting in a two-system shower that is huge. While we're doing that, the existing tub and shower surround stays so we can use the bathroom while we go. It's hard living this way, because the vanity had to go (handwashing and tooth brushing in the kitchen sink. gah!) But it's going to be so worth it when we're done. We're using laticrete for the shower system, and plan on installing a floating vanity with glass bowl and high end fixtures, textured tile on the floors, new ceiling, new lights, installing an exhaust that wasnt there, plus beadboard lower walls and fresh paint. We're upgrading the lights and electrical to install missing gfi. The whole works. So far in all the fixtures and materials we have already purchased and stockpiled, we expect to get the job done in right under 10k. And that's using box-store and online ordered everything. Not doing it would be downright stupid.
New sub. Thank you for all this info. Please do a show to provide all the names of places with discount prices in Canada. And how to get write offs. Awesome.
Some DIY and some hiring. Redoing pretty large house. Thanks for info!
Cheers!
you can guy an $8 bag of thinset at home depot. the reality is most suppliers are not cheaper or better quality than home depot. the ones that do give you a discount do require contractor accounts and for any deal and even then it all depends on your purchasing power. the more you buy the more you save, you’ll need to be on you 6/7th order before they knock anything significant off.
This was really awesome! 6:26 this says it all
learn from the rich and emulate for yourself.
Can someone write the name of the store he is saying? Never heard of them before
Practical and motivational, thank you
that is what you get here. Cheers!
Great content!!!! You’ve helped me.
The biggest drawback to using supply houses and such is attitude towards folks not in the business. I've had poor experiences with plumbing supply because I used the wrong term or asked questions. The fella at the counter told me I'd be better off in the showroom than his supply house. It's a bit off putting. It's also a different process than going to the big box, grabbing what you need from the aisle and heading to checkout. A process that they don't want to let you in on. I'm in New York so I don't know if the people here gatekeep more than other places but you're absolutely right in the convenience of the big box store keeping me coming back. More often than not I need to load up my truck and go, not dance around someone who can't be bothered with selling to me. Have any advice on getting more familiar with the buying process?
plumbing is not where you save a lot of money. It is fixtures furniture and finishes. Cheers!
@@HomeRenoVisionDIY Plumbing was just an example but the experience carries to contractor supplies of all types. The buying experience is very different than the big box. That's the information I was attempting to draw out.
I'm a prime candidate for what Jeff if discussing today. Totally renovated our laundry room (with Jeff's help and with Sal D's help) since the former owners fully disregarded the space and treated their young 10 yr old machines like these magical dirt removers which were absolutely disgusting and not even worth fixing now for a simple bearing replacement. The substrate floor grinding (after Ditra removal) is probably the only part of the job I would have hired-out (it was like rotatating tires and my time/health safety is worth way more). If all it takes is for me to own my own small business so that I can write off part of my living space expenses, I'm all ears...because I have a decision point coming in a few more months where I need to decide whether to stay in the near upper-management position at my workplace or otherwise go back to being maxed with less responsibility in my fully matured series at the day job after the temp-promote try-it-out is over. I'd much rather be fixing holes and keeping more of my take home pay with tax write offs at the lower grade level than having to go on all sorts of work related travel and constant management discussions.
Sooo many good points. Thanks for what you do!
Cheers Bryan!
Love it!!
Wicked and very informative Vid bro
Thanks for all the tips!
Have you looked and and can you comment on magnetic flooring? It sure looks a lot easier to use.
DIYers unite!
Love your videos! I'm 26 and just flipped my first condo(thank you for teaching me how to do a backsplash and paint cabinets) I'm now under contract on my first residential home which is going to need a near complete renovation. All your videos are very informative I appreciate what you and your team do, Thank you!
7:11 😂but 🤯 when you think about it…. Love this guys channel
Have you talked about time and price tile vs apoxy? It's beautiful, interesting, doesn't seem as particular. So you are the dude I follow. Consider a video or detailed response please and thank you. Big fan.
I have been thinking about doing an epoxy counter video. just to see if it is as easy as the stone coat guys say!
Please say more about the Home Business idea!
I’m pushing buttons
I like what you are saying.
For those who had a hard time catching the name of the flooring place, the name is Prosol. Might just be my bad hearing but it took a few tries for me to catch the name at first.
Cheers!
You have to have a business to make an account and order..how can you bypass this?
I'm in Canada in a largish city, and have been trying to find a flooring wholesaler since your recent video. Thank you for mentioning Prosol! I was almost 2,000 sq ft of flooring to replace and want to save money without sacrificing quality.
Glad to help
Thanks
I'm gonna say that "writing off" is a well controlled process. If you file a schedule C I think it is, in the US, filing taxes is a lot harder. And don't think they simply won't audit you on account of small margins!
I recently bought a duplex, rent one side and live in the other. I have a basement I want to finish (built in 1995) and add a bedroom and bath to get more rent! Want to do as much as I can by myself and do not have a bunch of capital laying around to splash the cash on it!
Good topic Jeff. Native Vancouver here for long time, everyone knows we got the most expensive real esate in Canada. Prices on home reno are stupid over here. I've been buying my goods mostly from Market Place, auctions , private sale for long. Over 90% of the time I get at least 30 percent off. Other times as low as 80% from tools to materials. Off course I dont always get what I want, such as colors, designs, selections, but the deep discounts are certainly worth it. I was inspired the first time when I got over 60% on premium floors packs, back 6 years ago, from that point on , I was being super cheap, I never wanted to go back to retail stores again. I not only saved money for my house projects but at the same reselling it for good coins, to supplement my income. Now that I'm fully comitted to this , I built an extensive network of people and networking, I hardly ever go to those stores anymore.
Good for you! Cheers
I'm also in vancouver, are there are companies you recommend for either renovations or just to go buy materials? It seems like Prosol for example needs you to have a company
Preach!...... 💯
I love these videos, but I have a bone to pick with the math. I am an appraiser and where I live (say a 50 mile radius around Seattle), land is about 33% of the total value for new homes and for 40-50 year old houses in my hometown, land is 90-100% of the value. A 100-year-old rental I own in Seattle reverses that pattern--a decent Craftsman house with nice historical features can maintain some value, but it's rarely 50% of the total. In Seattle proper, they rarely replace a SFR with another SFR (instead it's a duplex, 4-plex, or SFR with a couple accessory dwelling units... if the lot is big enough and zoning amenable, it could be replacing a SFR with a 12-unit apartment building!), but in the suburb where I live, the absolute standard is to buy a mid-century blah of 2,000 sf and replace it with a 4,500-sf McMansion. That means the land price has to compete with entry-level home-buyers (and vice versa) and for the past few decades, the builders have been driving value (except from 2009-2013 or so). If that McMansion sells for $3.0M new, spec builders are happy enough to spend $1M on the 8,500-sf lot, whether there's a house on it or not.
Friends in a 1973-built lakefront mansion were unhappy to hear that if they ever went on the market, their house would be a teardown. Custom built by a locally famous architect! Worthless! (in terms of market value. It's still a great house.) But all the value is in the land. Another quirk that may or may not be local: The expected life of a trophy house is about 25 years, whereas the expected life of a more ordinary house will be 50+. Why is that? If the trophy house is in a trophy location (which is assumed), anybody coming in spending $5M or more for a house on the lake or with city and mountain views will want to tear down the existing house and build their own more trendy version. My friends don't have a media room, a gym, an indoor pool, and every BR doesn't have its own bathroom, etc, but their neighbors do and anybody buying that lakefront shy-acre will surely want all that cool stuff, too, so down goes the otherwise lovely house and up goes a bigger new one, with all the current bells and whistles available.
Well, in the Seattle suburbs, anyway. For better or worse. I have no problem with it, but most people think it's worse.
Thanks for all the info
Yes