Hi all, feeling like I may have made a mistake in this crazy circumstance of buying a house. I just put an offer in on a house in upstate NY that has a 20 year old roof, disclosed on a mandatory dislosure form required by NY law. The roof looked ok to me, I know the life of a roof is usually 20-25 years. This was a perfect house for us otherwise, so I'm doing the math in my head thinking, 'ok we get an inspection, if it comes back needing immediate attention we ask for concessions or walk, and if it comes back saying another ~2 years probably, we go forward and plan to replace in the next 2 years'. I'm ok with that. What I can't do is dip tens of thousands into a down payment, then immediately within 30 days or whatever find another 20K for a roof. After putting in the offer last night, I was spiraling out of control and reading about how apparently insurance companies may not cover a roof based on that age, even if the inspection comes back fine. Or they could ...
Hey all, been a plain old landlord for a few traditional stick build multi-families in the northeast for a while & am now exploring NEW builds with pre-fab/modular units. Looking specifically at how to make the numbers work in tighter markets like the northeast where housing inventory is scarce and construction costs keep climbing. After interviewing 15 modular builders across the Northeast (container homes, 3D printing, you name it), we’re modeling average build costs around $155 per square foot, which seems to sit in the middle of most mid quotes. If you’ve ever played in this pre-fab/modular/non-traditional home builds space, I’d love to know… What was the hardest part of the process that you didn’t anticipate? How did local inspectors or planning boards treat your project? Were there cost surprises (site prep, cranes, foundation work, utilities)? How’s the build quality, insulation, and energy performance held up? If you were to do it again, what would you do different...