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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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50175596 No.50175596 [Reply] [Original]

Me n gf just bought this house, didn’t see it before offer, and waived inspection. The house seems like junk from top to bottom idk what to do, we are overwhelmed and feel like we probably screwed up. We knew it needed roof and windows, but the whole place is crap it seems :( please help

>Listed for 130. Bought for 150

>> No.50175610

>>50175596
not about to copy paste all of the pictures but the OP is here -- yes, on REDDIT. https://www.reddit.com/r/HomeImprovement/comments/vryfbk/me_n_gf_just_bought_this_house_didnt_see_it/

this is the top of the housing market btw.

>> No.50175620

>>50175596
for $130 i think it looks ok

>> No.50175626

>>50175596
whats the zestimate

>> No.50175636
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50175636

>>50175596
you will never financially recover from this

>> No.50175660

>>50175596
If you don't know how to do your own repairs why would you buy a rundown house

>> No.50175685
File: 15 KB, 447x438, 1612253532921.jpg [View same] [iqdb] [saucenao] [google]
50175685

>>50175596
>debtoids BTFO
>pls halp
>sell at a loss
LMAO

>> No.50175696

>>50175596
use an ozone generator to kill mold and then repair the walls.

>> No.50175712

>>50175596
Never trust a man in a blue Trenchcoat..
Never drive a car when it's dead...
Dadadidudadidu

>> No.50175733

>>50175620
did you see the pics?
loool
housing bubble confirmed

>> No.50175747

>>50175596
>waived inspection
oof

>> No.50175748

>>50175596
Thanks for playing.

>> No.50175783

Set up a bunch of Ukrainian camwhores in your shitshack

>> No.50175830

>>50175620
kek.

>> No.50175962
File: 1.33 MB, 1920x1080, baka.png [View same] [iqdb] [saucenao] [google]
50175962

>>50175596
>didn’t see it before offer, and waived inspection

>> No.50176525

Damn, I just went to a few showings today and even shit houses that needs tens of thousands of dollars of work are being listed for like $250k. Who do these Jews think we are?

>> No.50176546

>>50175596
Holy fuck this is so fucking bullish bros

>> No.50176673

>>50175596
Just looks like seepage damage. The house likely needs its rain gutters cleaned out, and possibly longer troughs to push the water farther away from the house.

>> No.50176707

Rev up those zestimate memes anons

>> No.50176714

>>50175596
>Bought for 150
thats not crazy money even for a dump.
>Fix the leaks
>replace rotting wood
>repair the drywall
>new molding
>New subfloor in a spot or two
>New flooring

It's a lot of work but you can always rent it. a 150k mortgage has monthly payments under $1000, and there is always a renter dumb enough to pay more than that for the shittiest house.

>> No.50176740

>>50176714
But what if the only people who want to rent are non-white?

>> No.50176746

>>50175596
>>50175610
L A R P I N G
C U N T
F U C K
O F F
B A C K
T O
R E D D I T

>> No.50176758

Those old houses have solid wood, I'm sure it'll be fine

>> No.50176760

>>50176714
>My gf owns this. We were outbid on like 4 houses and wanted a place for our 3 kids this summer.

>> No.50177122

>>50175596
>didn’t see it before offer, and waived inspection
Is this actually a thing? Sounds like Russian roulette, and for what, to save 15 minutes of your life? Why would anyone do that?

>> No.50177175

>>50176740
Then you probably don't even need to do any of that.

>> No.50177208

>>50175596
just run a crack house

>> No.50177239

>>50176746
GIGA BASED C-C-C-C-C-COMBO BREAKER!
BTFO
/Thread
/Sage
/Rage
/Cage
/Wage

>> No.50177248

>>50175596
FUCK
OFF
NIGGER

>> No.50177287

>>50175596

You're a total dumbass for not not inspecting the house before purchasing it, but there is still hope. You're just going to have to learn some construction/home improvement skills. Get to work fucko, and learn from your mistakes.

>> No.50177370

>>50175660
100% this
I'm skilled in every facet of construction and would not have bought this house.

When there are this many hack jobs, you're likely to uncover at least that many more that have been hidden.

I buy houses slightly more dilapidated than this and do full remodels

>> No.50177411

>>50175596
Before you get insurance to replace that roof make sure you drop your deductible to like 1k. Wait till a bad storm and call one of those generic roof companies. They're good at working the insurance angle, you can have a new roof for pretty cheap. Increase deductible back to 5 or 10k after roof replacement

>> No.50177442

>>50177122
Because the realtors know they have a moldy shitheap on their hands and know somebody will give up their right to see the home before they buy.

>> No.50177704

>>50176714
Except that the problem with renting is the landlord is responsible for maintenance (and OPs house will need a lot of that) AND the government can apparently exempt tennants from having to pay rent at any time during any crisis natural or manufactured.

>> No.50177815

>>50175596
Go back

>> No.50177834

>>50176714
Another good point. Little rent piggies would love to pay $1500 a month for it

>> No.50177876
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50177876

>>50176760
Holy kek
>No money left really. Not really handy either. :’(

>> No.50177976

>>50175596
>>50175610
>>50176760
Op, you have single-handedly assured me that there will be cataclysmic housing crash. I’ve on the fence till this fucking thread. Thank you.

>> No.50178065
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50178065

>>50175596
>didn’t see it before offer, and waived inspection
The absolute state of the housing market. I wouldn't even rent an apartment without checking it out first and these guys are just buying rotten barely standing houses with their eyes closed.

>> No.50178073

>>50176714

>renter dumb enough
>there literally being no other options makes the person dumb

some serious cope right here

>> No.50178124

>>50175596
>waived inspection
>when we have entered a buyers market
Based retard

>> No.50178175

>>50175610
Holy fucking shit, that is unliveable. I would without exaggeration rather live out of my car than that fucking hovel. What fucking idiot would even list that shit for $130k lmao

>> No.50178183

>>50176746
>L A R P I N G
What does a housing repair thread on reddit have to do with Live Action Role Playing?
Take your fucking meds.

>> No.50178207

>>50178124

People toss phrases around and usually don't know what they mean functionally

>> No.50178221

>>50175733
No, no, you misunderstood. He means that it looks okay for a hundred and thirty dollars. I agree, that sounds like a fair price.

>> No.50178273

>>50177411
What fucking insurance you have thats over $500 deductible???

>> No.50178410

>>50175596
Even if this is a larp, the person buying the home will still profit.
I bought a home last year with my girlfriend in the city for $800k and last I checked our zestimate was up $50k. There just aren’t enough homes to meet demand so the prices will never go back down. Buy now or be priced out forever

>> No.50178495

Its very small. Is there more too it than just that?

>> No.50178501
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50178501

>mfw I have no face

>> No.50178577

You bought a house with your gf? Men, we all know OP is a faggot but this dude is straight stupid.

>> No.50178616

>>50178501
"KILL ME"

>> No.50178661

kek , I looked through the pics, and the even worse news for this guy is it looks to be a house from the 1930s-1950s judging by the few walls that looked like they used the old school chip and stucco . so all the shoddy repairs the previous owner will cost even more to fix as im sure a contractor will charge even more for all the things probably not up to code.

>> No.50178685

the house doesn't look that bad it just needs a little work. OP is low test, probably doesn't even own a tool box

>> No.50178698

>>50175696
doesnt work

>> No.50178840

>>50175596
I looked at the pictures. The roof is wrecked. I've never seen a shingle roof so old before. He is getting water leakage all around his roof from it. Worst case he will need all new rafters and roof and roofing. Maybe lots of ceiling work too.

>> No.50179008

>>50175596
>waived inspection.
OH NONONONONO

>> No.50179747

time to learn how to do handyman things

its easy youll be fine. one thing at a time. its like a fun project for you and your girl to do together.

or just have money and hire someone

>> No.50179777

>>50179747
honestly for much of the ugly bits you will be amazed at how much a fresh coat of paint accomplishes

>> No.50180042

>>50178577
Based gg digits

>> No.50180124

>>50179777
it accomplishes nothing, just hides things long enough for you to sell it to the next sucker

>> No.50180385

>>50175596
Ehh, not awful. It'll take some work and it'll probably look like the dog's breakfast the first time you do it but shit like that isn't too hard.

>build a concrete form around your walls about 3-6 inches wide coming outwards from your wall

>insert some rebar if you want it to be strong and not look pretty, up to you, better idea is rebar always or some sort of steel reinforcement

>get a FUCKTONNE of dry cement bags, throw some small pebbles in (a lot but they have to be small, think 3x the size of a pea or even 1/4inch aggregate

>add water to concrete, mix, add stone, pour.

It will be hard fucking work to do this keep in mind, and you have to be quick with this so honestly probably a shitty gameplan, I would say maybe consider regrouting it. Just keep doing layer by layer until it's built out of it's seeping water, I dunno that's my best idea. I'm only an apprentice with a few years of experience but in general repairs and renovations are not difficult, they are hard. By that I mean any retard can add paste to their wall and fix it. Making it look good and something someone would pay money for is another.

>> No.50180465
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50180465

>he didn't check the zestimate

>> No.50180695
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50180695

>>50179777
You are the cancer eating the world.
>be me
>walk into an old building
>smells like moldybutt
>see fresh paint indiscriminately slapped on old ass lathe/plaster, brickwork, crown moulding, wood paneling
> know that every corner has been cut, every expense spared
No shit you can you just paint over most problems and get away with it for 6 months. But something happens down the line, like the house settling some more, a new leak pops up and turns out all you've been doing is spraying perfume on a rotting corpse.

>> No.50180711

>>50180465
Best 2022 /biz/ meme by far

>> No.50180797

most people who work construction are crackheads or on some kind of drugs. so find some crackhead who works construction and is in desperate need of money and pay them to fix it cheap. go to home depot and pick up some mexicans standing around, if u pull up where there all standing real slow and stick your hand out the window with 3 fingers sticking up then 3 of them should get in your truckbed. might help to have someone who can communicate with them though. but if u get 3 of them in your truckbed and take them home to the wall and point at it and then back at them and then back at it they will probably know what to do

>> No.50180799

>>50175610
Heh, they cheered him up and gave him good advice on how to fix it, he'll probably walk away on top. Good ol' reddit.

>> No.50180877

>>50178183
The gentleman you reply to is implying that the original poster (OP) in this thread is "live action role playing" as the OP of the reddit thread.
Hope this helps, and welcome to the Internet!

>> No.50180923

>>50175596
Unless there is foundation damage who cares.
Fix the roof and fix everything else slowly. I thought the structure was collapsing by how dramatic the post was

>> No.50180951

>>50175596
Better start looking into BOB VILLA and watching some videos you plebbit faggot. Good luck and please leave now.

>> No.50180979

>>50175596
Well, at least you own the land.

>> No.50181254

I set all my assets on fire and now my assets are burned, halp wat do

>> No.50181278

>>50175596
>waived inspection
Way to go normie

>> No.50181325

>>50175610
>https://www.reddit.com/r/HomeImprovement/comments/vryfbk/me_n_gf_just_bought_this_house_didnt_see_it/
HOLY FUCK, ZOOMERS, PLEASE DO NOT TAKE SCREENSHOTS OF LANDSCAPE PHOTOS WHILE YOUR PHONE IS IN PORTRAIT. JESUS FUCKING CHRIST STOP.

>> No.50181388

>>50175596
doesnt look so bad. install ac for heating if old heating dont work. look for the water damage. repair that first so no new water can enter.

then paint walls. use anti fungie color. and paint the other stuff. paint will boost the look from old to new.

>> No.50181521

>>50175620
>for $130 i think it looks ok
It looks amazing for $130k.

Here's what Edmonton houses look like:
https://www.realtor.ca/map#view=list&Sort=1-A&GeoIds=g30_c3x29657&GeoName=Edmonton%2C%20AB&PropertyTypeGroupID=1&PropertySearchTypeId=1&TransactionTypeId=2&BuildingTypeId=1&Currency=CAD

This is basically the cheapest house in the city. $145k,
"Foreclosure alert! This property is well below city assessed value of $204,000. Property is perfect for any investor "
Built in 1912 (meaning it has terrible insulation, dangerous electric, terrible heating, lots of asbestos).
Located in Alberta Avenue (where all the Somali immigrants live and crime is astronomical)
https://www.realtor.ca/real-estate/24245902/11620-96-st-nw-edmonton-alberta-avenue
Also, Alberta Avenue

>> No.50181523

>>50175596
how did it pass the banks appraisal though?

>> No.50181545

holy fuck you waive an inspection on a home that was only listed at 130k. Fucking why??

>> No.50181600

>>50175620
the house is a tear down.

Also, OP wouldn't need an inspector to tell him this house is going to have a ton of problems. OPs probably a dumb masked up manlet cuckboy though

>> No.50181616

>>50181521
>Here's what Edmonton houses look like:

lmao there is a bunch of houses in <150k range . many look better.

>> No.50181685

>>50175596
don't worry bro. just flip it. some retard like yourself will gladly pay 200k for it.

it's easy peasy.

everybody knows houses only go up!!!!!!!!!!!

>> No.50181688

>>50175596
I’ll give ya $35k

>> No.50181764

>>50181688
Like 35k for it or 35k to help?
You do realize OP is just linking a reddit post.
Now if you want to see my horror of a house and problems I'd be happy to show you them but it's /biz/ I don't suspect someone would do something that benevolent.

>> No.50181784

>>50180877
>live action role playing"
I prefer the term live anon role playing.

>> No.50181851

>>50175596
What a fucking retard lmao

>> No.50181869
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50181869

>>50181764
>Like 35k for it or 35k to help?
are you retarded?

>> No.50181913

>>50175596
That type of mold and condition is a sign that a dead body decayed there. I wouldn't be surprised if some spirits starts messing with you in your sleep.

I'd check with the agent to see if there were previous haunting reports or someone dying in that place. Good luck friend

>> No.50182029

>>50181913
>some spirits starts messing with you in your sleep.
That "spirit" is called carbon monoxide poisoning due to the furnace/ventilation being 80 years old.
Seriously, a very large percentage of hauntings are related to CO poisoning. You start to see things. You move things around without remembering it.

>> No.50182071

>with my gf
it's already over for you

>> No.50182089

>>50175596
>5.6% mortgage rates
>still waiving inspection
for this reason alone I think this is a troll, but considering the price of the house, I guess it's possible.
>>50175610
Of course it's a r*dditor.

>> No.50182322

>>50175596
Get a builder to quote for what needs doing. Then you can prioritise and do stuff as you can afford it.
We bought a shit heap few years ago, had to replace lots of walls, some of the floor, exterior wall, ceiling etc. Worked with a local builder and now it is rented out and worth 400k more than we paid.

>> No.50184126

4troon being the turbo autists they are, don't get how most Reddit posts like these are pure ironic shitposting and most of the time the people giving them updoots and advice etc are in on it. You people are too retarded to catch social cues tho.

>> No.50184323

>>50175610
It's a fuck up for sure but this dude is about to learn a shitload of skills that men today lack. This dude is gonna dl about 20 years of growing up in 3 or he's gonna live like trailer trash until he dies.

>> No.50185789

i showed my architect wife the reddit thread and the words out of her mouth:

> No inspection? They didn't even look at the god damn place before buying it? Fuck them, they deserve the shit house.

lmao

>> No.50185835
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50185835

>architect wife

>> No.50186079

>>50185789
You dont need to be an architect to see that this was a retarded decision.

>> No.50186211
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50186211

>>50185835
>architect wife

>> No.50186232

>>50175596
>>50175610
>not going to see if you're getting scammed
Deserved honestly also
HAHAHAHAHAHAHAHAHHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>> No.50186257

>>50175596
What state?

>> No.50186442

>>50175596
>me n gf
>didn’t see it before offer, and waived inspection.
> We knew it needed roof and windows, but the whole place is crap it seems

lol
lmao

>> No.50186510
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50186510

>bought over listing
>waived inspection
>didnt even look at the house before you purchased it

dont act rich if you arent

>> No.50186546

>>50175596
Who tf buys a house without seeing it first?

>> No.50186558

>>50175596
kys OP subhuman

>> No.50186604
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50186604

It looks like someones nightmare

>> No.50186731

>>50180979
The three Ls baby

>> No.50186747

>>50178501
Nice built in steam room! It's a Feature!

>> No.50187349

Zkrollups will make syscon the fastest, most scalable and secure smart contract platform on the market.

>> No.50188316
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50188316

>>50175596
lies. this is a post inspired by something on the Reddit front-page today.

>> No.50188457

>>50178501

soul

>> No.50188711

>>50175596
>didn’t see it before offer, and waived inspection
This is a LARP but if it's not, OP you're a useless zoomer faggot and you deserve this.

>> No.50188956

This thread has been locked by the moderators of r/HomeImprovement
New comments cannot be posted

>> No.50188975

>>50175596
>didn’t see it before offer, and waived inspection
Are you perchance retarded, mein snow negro?

>> No.50188976

>>50184126
>I was only pretending to be retarded

>> No.50188990

Really this fucking reddit thread is still up but my thread was pruned..... what the fuck.

>> No.50189008

>>50175610
larp by some seething faggot who wants to bring the market down

>> No.50189041

>>50176525
They think you are ignorant cattle. Which is not far off apparently.

>> No.50189121

>>50189041
Something needs to be done with them thats for sure.. fucking parasites. Acting in that manner when they have done nothing to contribute to civilization.. pretending that they are somehow worthy of praise to top it off it as well.

>> No.50189139

>>50175596
No refunds

>> No.50189182

>>50175610
Not clicking that shit dumbass. Go back and stay

>> No.50189818

>>50175596
>>50175610
pretty sure this would be illegal in my country. the buyer could claim he was scammed and the seller would have to give him his money back or face jail time.

>> No.50190684

I bought an 800k house no inspection. There's some half assed repairs and it needs a new roof bad and also the siding shingles and if I'm doing the sides I'll do the windows and the electric needs some new outlets so it all adds up. Meh unless the foundation or septic are messed up it's just a couple bucks here and there for stuff you'll have to update or maintain anyway.
Almost always your buying the land not the house. I passed (well lowballed) on houses that had newest everything just because it was a small house with a small yard in a business area.
Despite about 50k on updates it needs I can walk down to the beach after work and so I wouldn't change a damn thing.

>> No.50190740
File: 627 KB, 919x863, Screenshot 2022-06-23 12.19.01 PM.png [View same] [iqdb] [saucenao] [google]
50190740

>>50175596
Zestimate Stacy looks down on you with immense shame

>> No.50190753

>>50175626
>house listed at $130k
>zestimate $136k
>buy house for $150k
>zestimate increases to $156k!!!

>> No.50190996

>>50175596
Bugmen btfo

>> No.50193049

>>50190753
>things are worth what others will pay for them
Yes

>> No.50193247

>>50176714
this. fix the roof and repaint a bunch of shit and you're already halfway there

>> No.50193569

Skimmed through OP's comments:
>his gf bought the house for them and their 3 kids
>it's somewhere in the Midwest USA
>there's asbestos
>some app appraised it at 157k because it has a large lot with a 3-car garage

Basically, they need to live in the garage and gut it.

>> No.50194294

>>50175596
lol enjoy selling to a rehabber in 2024 for 65k.

>> No.50194580

>>50190684
800k....
My 80k duplex needs about 20k worth of work but I can't even afford to eat right now, the mold sickens me and my basements electricity is out because I didn't pay my electricity and now it's gonna grow mold rapidly, fuck bros should I just KMS and end my misery early?
I'm waiting on job interviews but everything is so behind I wanna die.

>> No.50196148

>>50175596
Literally, just fix it.

>> No.50196242

>>50175596
>gives offer without seeing, gives seller more incentive to fuck around
>does not know how to fix houses
>market is potentially assraped soon
>dngmi

just settle in and accept your destiny,
imagine you are a medieval peasant who just upgraded from a wodden shack to a proper stone house.

>> No.50198442

It's fixable will need about 35,000 after they rip up the floring and walls in some rooms. Best to redo everything at once in a house like this. It's not too bad they can probably get a loan at a credit union. Living there with kids in this condition is stupid and their fault for no inspection but atleast it isn't hopeless.

>> No.50199178

>>50196242
I would lit-er-a-lly kill for a proper stone house

>> No.50199361

>>50175596
lol 90% of the stuff you posted is bullshit superficial stuff you can easily DIY.

150k, lol wow so pricy.

You did buy someones trash, but not so bad, realistically it's just superficial water damage. If i'ts below grade (meaning below dirt wagie) then you have a water leakge problem and the foundation is shit. If it's above grade, then a roof leak is getting through the sheathing and causing that alongside mold. Bottle of bleach, new roof will take care of that.

That'd be a $5000 estimate, pay up or I'll put a lien on your new property wagie homeowner :)

>> No.50199592
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50199592

>>50175596
I feel so bad for your family, please be a bait post

>> No.50201496

>>50176714
Yeah I as thinking the same. A week with a skip, strip the drywall and shit ceilings. Then get a plumbers in the update piping and boiler (in my country you get a grant to do this if it's energy saving). Get a carpenter/plasterer for new walls and doorframes, probably new windows. Then you're left with is what you'd have when you get a new build. Everything else is interior which you can do yourself (flooring, paintings, tiling, decorating. He's still saving a lot of cash.

>> No.50202025

>>50175596
>>Listed for 130. Bought for 150
HAHAHAHHA bogged.

>> No.50202892
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50202892

>>50175596
>>Listed for 130. Bought for 150
and it will be worth 80 in a few years.
and you will have to spend 20k fixing it.
and you will probably lose your job in the coming recession.
you have probably made the worst decision of your life. what will you do?

>> No.50202969

>>50175596
I think it looks decent for 150k depending on location desu. Throw 50k into it and you got yourself a 275k house.

>> No.50202998

>>50188316
This,

And house doesn't look bad. But it really depends in location

>> No.50204953
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50204953

>>50175596
>>50175610
>start working on it bit by bit then plan ahead
>didn't even visit the property beforehand