[audio-pals] Re: Older Houses
- From: Thomas McMahan <shadowmonstrosity@xxxxxxx>
- To: audio-pals@xxxxxxxxxxxxx
- Date: Mon, 16 Mar 2015 15:35:57 -0500
Yep there is a Morton Salt, but there are storage buildings too.
> On Mar 16, 2015, at 3:12 PM, Josh <lawdog911@xxxxxxxxxxx> wrote:
>
> I thought that was salt *LOL*.
>
> -----Original Message-----
> From: audio-pals-bounce@xxxxxxxxxxxxx
> [mailto:audio-pals-bounce@xxxxxxxxxxxxx] On Behalf Of Thomas McMahan
> Sent: Saturday, March 14, 2015 9:36 PM
> To: audio-pals@xxxxxxxxxxxxx
> Subject: [audio-pals] Re: Older Houses
>
> Morton?
>
>> On Mar 14, 2015, at 8:05 PM, Daniel Crone <averagegrabbag@xxxxxxxxx>
> wrote:
>>
>> There is another company like General Steel, but I cannot remember the
> name.
>> On Mar 14, 2015, at 4:50 PM, Thomas McMahan <shadowmonstrosity@xxxxxxx>
> wrote:
>>
>>> Yes, they are pretty large, but an acre of land he could put one up.
> Those are for commercial or warehouse storage or churches, you were in one
> when you were up here, the one over at Onarga is a General Steel building.
>>>> On Mar 14, 2015, at 12:50 PM, Daniel Crone <averagegrabbag@xxxxxxxxx>
> wrote:
>>>>
>>>> Sometimes I would hear ads for all steel buildings.
>>>> Are they mainly commercial or otherwise?
>>>> On Mar 13, 2015, at 12:48 PM, Josh <lawdog911@xxxxxxxxxxx> wrote:
>>>>
>>>>> My dad recommended a guy that sells these buildings. He said that he or
> well his crew woiuld come out and set the building up so there is really no
> labor involved if buying from him. He said he does payments, but if we can
> save enough buying the house then we may not need to make payments.
>>>>>
>>>>> From: audio-pals-bounce@xxxxxxxxxxxxx
>>>>> [mailto:audio-pals-bounce@xxxxxxxxxxxxx] On Behalf Of Thomas
>>>>> McMahan
>>>>> Sent: Friday, March 13, 2015 11:42 AM
>>>>> To: audio-pals@xxxxxxxxxxxxx
>>>>> Subject: [audio-pals] Re: Older Houses
>>>>>
>>>>> Great an acre of land, as long as there aren't to many trees right upon
> the house you can get a building, line it's side door up to where you want
> it to go into the house, and with a little work, well it's attached, even
> cheaper if you can use an existing door on the house, it's doable with a
> little thinking power.
>>>>>
>>>>> The acre around it is a strong point verses just bing on a lot with
> structures already around. But of course if you could find a place with a
> garage already there that would be cool too, because yes storage is going to
> be a problem, that is a draw back of our house. The good side is that we
> don't have a basement that floods like most basements around here *lol*.
> We've already told our family that if a flood comes we'll just cut away from
> the utilities and float away, and everybody then has said "like Noah's ark."
> Wonder why they would say that to us? Maybe something about all of the
> animals here. Well that were here in the past more than now.
>>>>>
>>>>> On Mar 13, 2015, at 10:27 AM, Josh <lawdog911@xxxxxxxxxxx> wrote:
>>>>>
>>>>> Sounds like space issues. Space issues concern me because the house
> that I really lke does not have a basement or an attic. It has a shed, but
> that will be full of yard stuff. Perhaps they sell storage buildings that I
> can put in the yard. The house sits on an acre of land. Little Man and I are
> having lunch with my Dad here in just a few minutes so I am going to talk to
> him about the potential problems and how difficult they would be to remedy.
> It seems like I have seen storage buildings at Lowes back when I could see.
> The unfortunate thing is there is an open house on it Sunday and my agent is
> out of town till Tuesday.
>>>>>
>>>>> From: audio-pals-bounce@xxxxxxxxxxxxx
>>>>> [mailto:audio-pals-bounce@xxxxxxxxxxxxx] On Behalf Of BethAnn
>>>>> LaPresta (Redacted sender "bela28_02@xxxxxxxxx" for DMARC)
>>>>> Sent: Friday, March 13, 2015 10:36 AM
>>>>> To: audio-pals@xxxxxxxxxxxxx
>>>>> Subject: [audio-pals] Re: Older Houses
>>>>>
>>>>> My garage is in front of the house, not my favorite scenario, but it
> works. Also, they made about a third of it into finished space with a new
> vinyl window, carpeting, etc. so you can't park a car in it. But, with all
> the lawnmower, gardening, storage stuff, there probably wouldn't be room to
> park in it anyway.
>>>>>
>>>>> From: Josh <lawdog911@xxxxxxxxxxx>
>>>>> To: audio-pals@xxxxxxxxxxxxx
>>>>> Sent: Friday, March 13, 2015 5:40 AM
>>>>> Subject: [audio-pals] Re: Older Houses
>>>>>
>>>>> Talking about a detached garage, Amanda had a couple of houses on her
> list that were detached garages, but I ruled them out before ever going to
> them. I think a detached garage is useless. The main reason I would want a
> garage in the first place is to stay out of the elements when they are bad
> and if I had a detached garage well then I am still going outside at some
> point in order to get in the house. Now, that the criteria has changed and
> shifted a bit so that we have more options though it may be that we
> reconsider detached garages at some point. After all we are now considering
> houses with carports whereas before we were not.
>>>>>
>>>>>
>>>>>
>>>>> From: audio-pals-bounce@xxxxxxxxxxxxx
>>>>> [mailto:audio-pals-bounce@xxxxxxxxxxxxx] On Behalf Of Thomas
>>>>> McMahan
>>>>> Sent: Thursday, March 12, 2015 2:37 PM
>>>>> To: audio-pals@xxxxxxxxxxxxx
>>>>> Subject: [audio-pals] Re: Older Houses
>>>>>
>>>>> No he couldn't, we he won't once the property tax comes around. Not in
> Chicago. Detroit maybe though.
>>>>>
>>>>> On Mar 12, 2015, at 1:19 PM, BethAnn LaPresta (Redacted sender
> "bela28_02@xxxxxxxxx" for DMARC) <dmarc-noreply@xxxxxxxxxxxxx> wrote:
>>>>>
>>>>> Actually for $120K, he could probably buy an entire block in Chicago...
>>>>>
>>>>> From: Thomas McMahan <thomas.mcmahan@xxxxxxx>
>>>>> To: audio-pals@xxxxxxxxxxxxx
>>>>> Sent: Thursday, March 12, 2015 11:08 AM
>>>>> Subject: [audio-pals] Re: Older Houses
>>>>>
>>>>> Why didn't you tell us you lived in Chicago? Sounds very much the same
> as it is up there.
>>>>>
>>>>> Hey Josh, I just thought of another option. There are lots of houses
> available in Detroit. Heck you can probably buy yourself a school building
> there. That would be a big house for you. Utilities might be a little high
> though.
>>>>>
>>>>>
>>>>> On Mar 12, 2015, at 11:57 AM, BethAnn LaPresta (Redacted sender
> "bela28_02@xxxxxxxxx" for DMARC) <dmarc-noreply@xxxxxxxxxxxxx> wrote:
>>>>>
>>>>> My house is in a neighborhood that is definitely considered "the hood".
> I refinanced in January at $130K and my payment is about $800/mo. My
> property taxes are spendy though, over $2K per year, so that adds almost
> $200/mo right there. They tossed 26 of my cottage style single detached
> homes on little 3900 sq ft. lots, so our cul-de-sac is very busy with all of
> us stacked up right against each other. But, living out west, things cost
> much more, it is shocking actually.
>>>>>
>>>>> I could've purchased a 100 yr. old home where Heather lives in Ohio
> with about the same size lot for $60K, just to give perspective. The guy
> who got himself into trouble with my house paid $263K for it in 2006 when
> real estate prices were obscene out here. Because he was short selling the
> home, I was able to get it for just $110K in 2011. A house on my street has
> just gone up for sale and they're asking $200K for 3 bedrooms (and they are
> tiny), 2 baths with one car detached garage. So, if I need to sell, I
> should still be able to make a little.
>>>>>
>>>>> Thought I should explain my monthly payment since I was saying I didn't
> think the $600/mo. seemed like enough.
>>>>>
>>>>> From: Thomas McMahan <shadowmonstrosity@xxxxxxx>
>>>>> To: audio-pals@xxxxxxxxxxxxx
>>>>> Sent: Thursday, March 12, 2015 9:23 AM
>>>>> Subject: [audio-pals] Re: Older Houses
>>>>>
>>>>> Oh mine btw was $162, because we're cheap! *lol*. Then it went down
> to $150 then down to $128, but again we're cheap and live in a piece of s-
> house, but as Pat used to say, "it's our piece of S- *lol*.
>>>>>
>>>>> On Mar 12, 2015, at 10:12 AM, BethAnn LaPresta (Redacted sender
> "bela28_02@xxxxxxxxx" for DMARC) <dmarc-noreply@xxxxxxxxxxxxx> wrote:
>>>>>
>>>>> I am not sure that $600/month figure is accurate. I just refinanced at
> 3.25% and my payment is $800/mo. (this does include property taxes and
> insurance though).
>>>>>
>>>>> From: Josh <lawdog911@xxxxxxxxxxx>
>>>>> To: audio-pals@xxxxxxxxxxxxx
>>>>> Sent: Thursday, March 12, 2015 4:44 AM
>>>>> Subject: [audio-pals] Re: Older Houses
>>>>>
>>>>> Amanda did some figuring using a mortgage calculator online and the
> 120,000 house was going to run us roughly 600 something a month for I want
> to again say it was 1700 sq. ft. We currently live in a 1100 sq. ft.
> apartment and pay 714.00 a month. So, given the differences there and the
> fact that we have nothing to show for it at the end of the year is a little
> much in my book. So, if the 120,000 was going to be 600 something it would
> go to reason that the 112,000 would be less money than that. Now, as far as
> utilities go, Knoxville Utilitiy Board (KUB) will give us high and low
> figures for the last 12 months. The last 12 months is a good thing providing
> there has been someone living in the house, but if the house has sat empty
> then the numbers that KUB quotes are not in the least bit accurate. I really
> like the idea of rolling insurance and taxes into the monthly payment so
> that way at the end of the year or whenever land taxes are due we are not
> hit with a big lump sum of money to pay. Sure it would be nice to think that
> I could just put that money back each month and not touch it, but the minute
> something needs to be paid for guess where the land tax money goes that was
> being put bac into an account. If it is figured into the monthly payment
> then for the most part the majority of it will be paid throughout the year.
> The thing that really sucks is that stinking PMI payment each month.
>>>>>
>>>>>
>>>>> From: audio-pals-bounce@xxxxxxxxxxxxx
>>>>> [mailto:audio-pals-bounce@xxxxxxxxxxxxx] On Behalf Of Thomas
>>>>> McMahan
>>>>> Sent: Thursday, March 12, 2015 4:58 AM
>>>>> To: audio-pals@xxxxxxxxxxxxx
>>>>> Subject: [audio-pals] Re: Older Houses
>>>>>
>>>>> I accidentally hit the send before cleaning up that mail darn it.
>>>>>
>>>>> Here's another little exercise to work on. Lets say you guys decide to
> go for this house. You should have a ballpark of the monthly payment. Sit
> down and plot out a budget around it on one paper, as well as a list of
> possible repairs to do on another list and their costs. Yes a house payment
> can be cheaper than rent, but their are other realities such as the taxes,
> and insurance. Are you going to escrow your insuranc and tax payments into
> your house payment? Most people do that and it usually works out well until
> they assess your house taxes up and then you have to make up the short fall.
> Of course if they assess them downward you get a chunk of money back in the
> mail like my sister-in-law has done the past two years. I didn't escro my
> other payments. I deal with insurance as I would any other utility, and we
> would do our taxes on our own. Because of that I now pay my insurance once
> a year and it's cheaper, and once the house was paid for there was less
> entanglement with the bank. I even removed the automatic withdraw for house
> payment because they double dipped us a couple of different months, and
> didn't have a very good explanation as to why. So it put us into over draw
> land, which isn't a place you want to be. They did the same to my
> sis-in-law too and she went in and practically threw a fit because she
> wasn't working at the time and didn't have income yet. They refunded her
> money on that one, but as she asked them, "now how am I supposed to pay the
> rest of my bills? You think you guys are my only bill to pay?" Banks and
> their computers can be sloppy sometimes.
>>>>>
>>>>> Now when you do your budget here's another game to play which may be
> beneficial. Can you run your whole budget on one income? Everybody that
> lives as a couple should do this whether renting or paying for a house.
> Most of us find we can't, but it is a nice goal. The guy we had going along
> with us to check out houses etc and sort of pointed and guided us along
> through the process gave us that little bit of wisdom. As he said, what
> happens if Pat loses her job and can't get one very fast? Can you live on
> just your income alone, because if you can get to that point, then you can
> start paying extra against your house on it's principle and have more paid
> off faster which is good for the credit rating, but if you decide to move in
> 20 years you are carrying less of a load thus will get more money back to
> leverage against your next place should you decide to do that. Or you can
> both pay some extra on house and car, then put the rest in the bank against
> major repairs which are going to come even if you buy a house that was built
> today, in 30 years you will have to had to replace things, they just don't
> build stuff that good anymore and sometimes that includes homes btw.
>>>>>
>>>>> Lots of decisions, but at least it looks like you guys aren't just
> jumping right and grabbing what shines in front of you which is good.
>>>>>
>>>>> Btw, I don't think our budget is currently within the lowest income
> level of the house here at this time which would be Patti's income, although
> it's not way above that amount. It is a good goal to work for actually, so
> we will be able to start seriously working on this place. Get a lot of
> little stuff done over time, then do a loan down the road and fix the major
> stuff such as re doing the roof etc. I don't think I am going to lift the
> house and work on foundation, but it would be nice to do actually.
>>>>>
>>>>> But it's a good exercise to do. I would run it on your income Josh
> because it is likely to always be there and Amanda's income is the variable
> one, it can be lower if she's out of work, but can also be a lot higher
> should land a great paying job. Drop in everything, credit cards the whole
> deal, then figure out once you get to where you're going which angles to
> cover and get paid off in the budget.
>>>>>
>>>>> I am guessing you guys have done some of this already though in
> preparing for checking out the housing market and talking to lenders because
> they are going to do roughly the same thing when checking your credit etc.
> Especially if it's a conservative bank.
>>>>>
>>>>> Now I think I've completed all I was going to say. Took two e-mails,
> but if I had been able to clean up the other one first it would have fitted
> into one probably *lol*.
>>>>>
>>>>> Instead you get two.
>>>>>
>>>>> On Mar 12, 2015, at 3:34 AM, Thomas McMahan <shadowmonstrosity@xxxxxxx>
> wrote:
>>>>>
>>>>> Wouldn't worry about a house on market for 5 months. Most around here
> are on a year or so. To many deals fall through each time that happens that
> just adds more time that the house is sitting there. Age, is only a problem
> if the house hasn't been kept up and modernized over the years. There are
> people who prefer older houses simply because they are more solid. The
> house I live in was placed here in 1922. Yes it came from somewhere else.
> The house next door is older and was also brought in here from another place
> too. Fairly common in a town that springs up by a railroad. I wouldn't
> worry so much about that as apposed to how it's fundamentally built, there
> are a lot of newer places that are likely to give you just as much trouble
> if not more.
>>>>>
>>>>> Any house is going to have ongoing mantainence of some kind. Sided
> house are nice but siding fades over the years for example and eventually
> would need replacing. Wooden houses have their things that have to be done,
> and so would brick, but brick is the best option as far as I'm concerned
> accept maybe when a big earthquake comes, then I would favor a wooden house,
> but what are the chances of that huh?
>>>>>
>>>>> I don't know the market down there anymore so don't know if that is a
> low ball figure on that house or not, but I can tell you it is larger than
> mine is and mine is two stories, but so is it's price too.
>>>>>
>>>>> Go through it with a fine tooth comb with the idea of what has to be
> fixed now, and then in the next 5 years and what would be ongoing over the
> years, I don't think for the long term ongoing it will be much different
> than a 10 year old house verses the 60 year old house, but agin it is a
> matter of what would immediately have to be worked on. When was the house
> last occupied too? A house that hasn't been occupied for a good while can
> have problems such as drainage because they haven't been flushed etc. It
> sounds like you already have someone with you who knows how to examine a
> foundation well and give you an idea of what would have to be done and when
> which is good. Same with tuck pointing brick etc.
>>>>>
>>>>> It may be sitting on market because folks think it's to high also, but
> you are going to drop in a price and they will take it or leave it, or you
> both the buyer and seller will eventually come up with something in the
> middle, or the seller is going to have an empty house on their hands.
>>>>>
>>>>> What heating and cooling does it have, and when was it installed too
> that is a factor, a 30 year old furnace is getting kind of old in this part
> of the world, but most of our furnaces are gas and they do have to work
> pretty hard for a good part of the year. Does it have any chimnies, and
> where do they run through the house. Ones that run through centers of
> houses on the surface are nice, but when they have to be worked on they are
> a lot more work. Of course where you live a lot of homes are electric heat
> and electric water heat, which is another thing to add to your check list,
> how old is the water heater and when will you be replacing that. A brand
> new house obviously you would get to wait a while before doing that, but
> chances are you would have to do it eventually, or have your price knocked
> down when you are selling it, or when your descendants are selling it. But
> that goes with any house again.
>>>>>
>>>>> What neighborhood is it in? How accessible is it to you. Pretend
> Amanda had to leave town for a Month and start your math, what is easy to
> get to via walking etc. Maybe that isn't a problem for you at this moment,
> but life can always hand you changes, and well, next thing you know, you are
> walking to the grocery store if you know what I mean.
>>>>>
>>>>> Find out what their highest bills were for each utility in the last
> year it was occupied if you can, you need that in planning a general budget.
> I don't know your property tax situation anymore, but here they just give an
> estimate from the seller, but the problem is, that if the sell lived in the
> house for a long time you might get a little surprise when the annual taxes
> come. Our's wasn't a surprise because the previous owner hadn't lived or
> owned the house for to long.
>>>>>
>>>>> So it becomes also a matter of do you get a house that you won't have
> to do any work or as little work as possible on, verses one that may have to
> have some work done, or one that is a fixer upper. We bought a fixer upper,
> but when we bought it was a seller's market, it definitely isn't that
> nowadays, so we went for a house we knew we could likely get. Well the
> trade off is that it's needed work done on it and still does actually, but
> likely we would at least get some money back when we sell it. Maybe not a
> lot but probably some when all is said and done, and of course the sell of
> this place could be the lverage to getting a better place. It's probably
> what you parents did, if not them then your grand parents did, that is more
> the normal thing in history. Well up until recently where you have people
> who expect to buy a brand new house that is larger than what their parents
> owned as their first house. Well if it can be swung, go for it, but to me
> it's a little unrealistic, well to my income level it is *lol*.
>>>>>
>>>>> What appliances are already there, and how quickly do you think you
> will be having to replace say: stove, washer, or more of a bear dishwasher?
> What about cabinetry etc, is Amanda happy with that, having that done can
> also be expensive unless you have someone who works with you to give you a
> break. How much stuff will you guys do on your own for modifications verses
> having to hire outsiders. So yes the advantage of a new place is that you
> won't have to do that, but I guarantee you will pay up front for that, but
> that is why newer houses don't stay on market long.
>>>>>
>>>>> So then it falls back to degree of work and mantainence that has to be
> done.
>>>>> On Mar 11, 2015, at 9:41 PM, Josh <lawdog911@xxxxxxxxxxx> wrote:
>>>>>
>>>>> Hello,
>>>>> We are finding tons of older houses that we absolutely love. When I say
> older I am talking 1950's. I am struggling with this a bit though because I
> am looking ahead, past when I am living there. Or rather to the point that I
> am ready to not live there anymore. So, when I get to the point of not
> wanting to live there anymore it could be 10, 20, 30 or more years down the
> road, but I am sure there will come a time that I am ready to move on. If
> this is not the case and I stay there until I die then it is not a concern,
> However, a 1950 house that I live in for 20 years will then be 85 years old.
> I know the specific house that we are looking at has been on the market for
> right about 5 months. So, what do you all think, do you think I would have
> trouble selling an 85 year old home? It is on the market for 5 months at the
> age of 65 years old. It is right about 112,000.00 right now without
> negotiating a lower price. Do you think I would be able to get my money
> back? If it is not a major concern, the age of the house, then I will not
> let it sway my decision, but taking into consideration that it is an all
> brick rancher with over 1700 sq. ft. and it is almost 100,000.00 and still
> on the market concerns me regardless how beautiful the house seems right
> now.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>
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