Post up your property specifications - HomeModders.com

James · 08-20-2007, 12:09 AM

Entire lot: 140x50 feet

Garage: 1050 sq ft
Cars: 3 spots
Extra Features: 6' deep oil pit in single spot. Dog kennel in back.

House: 2200 sq ft
Each floor: (3x) 750 sq ft

Year Built: 1927

Basement: yes, full
Bedrooms: 3
Bathrooms: 1.5

Amenities: Central air and heat
Water Heater/Furnace: gas
AC: electric

Buying price: $50,000

30 year fixed rate at 7% (yeah I know it's not the best, around here that isn't that bad considering my credit score was abnormally high & I didn't have too much in the way of big and long term lines of credit)

Your future Plans:
Rear upper deck to eventually be closed in and made into one full main bathroom which comes off the walk in closet on the rear bedroom. Redoing the garage roof and siding, painting the house, redoing the front porch siding.

briansol · 08-20-2007, 02:35 AM

Number of Levels:4
Year Built:1997
Total Fin. SqFt:2,075 Sqft

Rooms:8
Bdrms:3
Baths:2
1/2 Baths:1
Fireplaces:1
Deck Description:WRAP
Garage Cap.:2
Acres:0.62 acres

Features
Amenities:CEILFN, CHRL, SLIDER
Flooring:CARP, WOOD, TILE
Appliances:REFRG, OVRNG, DISHW, DISP, WASHR, DRYER
Energy Features:MZHET, THERM
Mechanical Equip:AUTODR, SMOKE
Cooling:CAIR
Heat System:BASE
Heat Fuel:OIL, ABVGR
Hot Water Source:DOM
Attic:PULLDN
Basement:FWALK
Basement Info:FFIN
Exterior Features:FENCE, OUTBLDG, UGUTIL
Exterior Siding:VINYL
Garage:UNDER
Driveway:ASPH

Room Details
Master BR Desc.:CEILFN, WALKIN
Master BR Size:12X16

BedRoom 2 Desc.:UPPER, WALKIN
BedRoom 2 Size:11X12

BedRoom 3 Desc.:UPPER
BedRoom 3 Size:10X11

Dining Room Desc.:FORM
Dining Room Size:11X11

Living Room Desc.:FP, FORM
Living Room Size:13X22

Kitchen Desc.:EATIN
Kitchen Size:11X14

Family Room Desc.:LOWER
Family Room Size:12X20

Buying Price: $324,900
40 year fixed, 7.5% 0 down

rate is a little steep, but things are shady in the mortgage realm right now. Going with a reputible company and paying a little higher is probably best off.

I have the option to buy points, but i don't think i'm going to do it. it's like $3500 for every 1/4%. to get 1% off, i need like 12 grand.... up front.... not going to happen

i'll just re-fi in a couple years.

Future Plans:
Addition to make it a 2.5 bay, or maybe a full 3-bay garage and possibly go back 10 feet the whole width of the garage, thus creating a new master suite over the garage, making the current master suite the 2nd bedroom, and merging rooms 2&3 into one room, as they are both way too small IMO. the master is a little too small for my likings as it is, but its livable. I have 3 living rooms though

James · 08-20-2007, 06:27 PM

Quote:

Buying Price: $324,900
40 year fixed, 7.5% 0 down

*passes out*

What is your payments and how the hell did I get a slightly better rate than you? lol

briansol · 08-20-2007, 07:43 PM

The market has changed drastically since you bought.
i have 6.5% on my condo.

payment including taxes/escrow/pmi/insurance is about 2800 /month

James · 08-20-2007, 07:46 PM

Wow. Not bad actually. How drastic was the change in the past 5 and a half months?

briansol · 08-20-2007, 09:09 PM

all this sub-prime fall out crap has made lenders real anal. its impossible to get a low rate without 20% down. i don't have 63 grand lying around to put down.... no one does really, unless they are older and moving onto a new house and their old one made a profit.

I locked my mortgage 5 days before the mortgage market officially stated "no more 100% financing".

you're lucky you bought when you did. everyone else who's starting to look now is going to be in for a reality check and will be renting for a very long time....

I have the option to buy points... its like $3500 for every 1/4 point. so i CAN get a 6% rate, but i'll need to buy 6x%3500 up front, for 0 decrease in my payment owed. it doesn't come off principal or down payment at all, so its kinda not worth it when i can just re-fi in a couple years.

Airjockie · 08-21-2007, 07:15 AM

and you can claim those points and get most of the money back next tax season....

slomofo · 08-31-2007, 10:14 PM

Style: Multi-Level, 4 levels total
Yr. Built: 2003
Size: 2350sq. ft.
Lot Size: 0.20 acres
Purchase Price/Date: $234,900, October 2006
Loan Terms: Stated Income, 0 down payment, 30yr. fixed 80/20 8.125%/12.00%, no prepayment penalty.
Refinanced in March 2007, new terms: Full doc., 30yr. fixed 80/15, 5.85%/12.1%.
Second loan paid off in May, 2007, current loan amount $187k, 30yr. fixed, 5.85%.

BR: 3 BR & 1 Cold Storage room
BA: 2 of the smallest bathrooms the world has ever seen.
Basement: Partial, unfinished.
Garage: 2 Car

Interior features:
Appliances: Refrig., dishwshr, electric range, range fan with no venting, Washer/Dryer.
Security: Protection One security system, door/window sensors, motion sensors for all lower levels. Smoke detectors throughout entire house.
Flooring: Carpet, Linoleum
Heating/Cooling: Gas Furnace, Central air.
Misc: Ceiling Fans

Exterior features:

Stucco exterior, large front porch, vinyl windows, rear french doors, tiny yard, white vinyl fence, tiny backyard, neighbors houses so close to mine I can see what they eat for dinner.

Current mods:

Tile bathrooms, tile front porch (once you see the picture, you'll see why), new toilets, new bathtubs, marble bathroom sinks, marble shower enclosures, new bathroom faucets, SS convection oven, SS over range microwave w/venting, hardwood floor installed in garage entrance/stairs to basement, wine racks installed in cold storage room, epoxy garage floor covering, sheetrock/taping/paint interior of garage, new paint in three rooms & 2 bathrooms, 95% efficiency gas furnace, 8L x 4W x 5' depth koi pond/waterfall feature in backyard with imported japanese koi, Front Load washer/dryer, more GCFI outlets, house wired for cable in all rooms/family room, framed basement, and new french doors with enclosed blinds.

Future mods:

Tile Kitchen, Granite Countertops, Cherry kitchen cabinets, SS dishwasher, SS refrig., SS kitchen sink, Tile rear patio, finish basment, additional bathroom, Pergo Living Room, Pergo Front room, paint an accent wall in front room, Grid Solar panels.

If October 2008 still looks like summer, i'll sell the house then, if it's snowng outside, i'll sell it in May 2009.

08-20-2007, 12:09 AM	#1
James Slacking off in the house Join Date: Aug 2007 Location: In IN Posts: 233 Rep Power: 5	Post up your property specifications Entire lot: 140x50 feet Garage: 1050 sq ft Cars: 3 spots Extra Features: 6' deep oil pit in single spot. Dog kennel in back. House: 2200 sq ft Each floor: (3x) 750 sq ft Year Built: 1927 Basement: yes, full Bedrooms: 3 Bathrooms: 1.5 Amenities: Central air and heat Water Heater/Furnace: gas AC: electric Buying price: $50,000 30 year fixed rate at 7% (yeah I know it's not the best, around here that isn't that bad considering my credit score was abnormally high & I didn't have too much in the way of big and long term lines of credit) Your future Plans: Rear upper deck to eventually be closed in and made into one full main bathroom which comes off the walk in closet on the rear bedroom. Redoing the garage roof and siding, painting the house, redoing the front porch siding. __________________ 1927 2200 sq feet 3 story renovation project. Done Washing Machine - 10.27.07 Windows Install - 02.13.08 (New) Gas Oven - 11.22.08 New Front Door - 02.26.11 New Garage Door - 05.13.11 Needs to be Done Uh... Alot more.

08-20-2007, 07:46 PM	#5
James Slacking off in the house Join Date: Aug 2007 Location: In IN Posts: 233 Rep Power: 5	Wow. Not bad actually. How drastic was the change in the past 5 and a half months? __________________ 1927 2200 sq feet 3 story renovation project. Done Washing Machine - 10.27.07 Windows Install - 02.13.08 (New) Gas Oven - 11.22.08 New Front Door - 02.26.11 New Garage Door - 05.13.11 Needs to be Done Uh... Alot more.

08-20-2007, 02:35 AM	#2
briansol Administrator Join Date: Aug 2007 Location: Central CT Age: 31 Posts: 499 Rep Power: 10	Number of Levels:4 Year Built:1997 Total Fin. SqFt:2,075 Sqft Rooms:8 Bdrms:3 Baths:2 1/2 Baths:1 Fireplaces:1 Deck Description:WRAP Garage Cap.:2 Acres:0.62 acres Features Amenities:CEILFN, CHRL, SLIDER Flooring:CARP, WOOD, TILE Appliances:REFRG, OVRNG, DISHW, DISP, WASHR, DRYER Energy Features:MZHET, THERM Mechanical Equip:AUTODR, SMOKE Cooling:CAIR Heat System:BASE Heat Fuel:OIL, ABVGR Hot Water Source:DOM Attic:PULLDN Basement:FWALK Basement Info:FFIN Exterior Features:FENCE, OUTBLDG, UGUTIL Exterior Siding:VINYL Garage:UNDER Driveway:ASPH Room Details Master BR Desc.:CEILFN, WALKIN Master BR Size:12X16 BedRoom 2 Desc.:UPPER, WALKIN BedRoom 2 Size:11X12 BedRoom 3 Desc.:UPPER BedRoom 3 Size:10X11 Dining Room Desc.:FORM Dining Room Size:11X11 Living Room Desc.:FP, FORM Living Room Size:13X22 Kitchen Desc.:EATIN Kitchen Size:11X14 Family Room Desc.:LOWER Family Room Size:12X20 Buying Price: $324,900 40 year fixed, 7.5% 0 down rate is a little steep, but things are shady in the mortgage realm right now. Going with a reputible company and paying a little higher is probably best off. I have the option to buy points, but i don't think i'm going to do it. it's like $3500 for every 1/4%. to get 1% off, i need like 12 grand.... up front.... not going to happen i'll just re-fi in a couple years. Future Plans: Addition to make it a 2.5 bay, or maybe a full 3-bay garage and possibly go back 10 feet the whole width of the garage, thus creating a new master suite over the garage, making the current master suite the 2nd bedroom, and merging rooms 2&3 into one room, as they are both way too small IMO. the master is a little too small for my likings as it is, but its livable. I have 3 living rooms though

08-20-2007, 07:43 PM	#4
briansol Administrator Join Date: Aug 2007 Location: Central CT Age: 31 Posts: 499 Rep Power: 10	The market has changed drastically since you bought. i have 6.5% on my condo. payment including taxes/escrow/pmi/insurance is about 2800 /month

08-20-2007, 09:09 PM	#6
briansol Administrator Join Date: Aug 2007 Location: Central CT Age: 31 Posts: 499 Rep Power: 10	all this sub-prime fall out crap has made lenders real anal. its impossible to get a low rate without 20% down. i don't have 63 grand lying around to put down.... no one does really, unless they are older and moving onto a new house and their old one made a profit. I locked my mortgage 5 days before the mortgage market officially stated "no more 100% financing". you're lucky you bought when you did. everyone else who's starting to look now is going to be in for a reality check and will be renting for a very long time.... I have the option to buy points... its like $3500 for every 1/4 point. so i CAN get a 6% rate, but i'll need to buy 6x%3500 up front, for 0 decrease in my payment owed. it doesn't come off principal or down payment at all, so its kinda not worth it when i can just re-fi in a couple years.

08-21-2007, 07:15 AM	#7
Airjockie Member Join Date: Aug 2007 Posts: 95 Rep Power: 5	and you can claim those points and get most of the money back next tax season....

08-31-2007, 10:14 PM	#8
slomofo Junior Member Join Date: Aug 2007 Posts: 9 Rep Power: 0	Style: Multi-Level, 4 levels total Yr. Built: 2003 Size: 2350sq. ft. Lot Size: 0.20 acres Purchase Price/Date: $234,900, October 2006 Loan Terms: Stated Income, 0 down payment, 30yr. fixed 80/20 8.125%/12.00%, no prepayment penalty. Refinanced in March 2007, new terms: Full doc., 30yr. fixed 80/15, 5.85%/12.1%. Second loan paid off in May, 2007, current loan amount $187k, 30yr. fixed, 5.85%. BR: 3 BR & 1 Cold Storage room BA: 2 of the smallest bathrooms the world has ever seen. Basement: Partial, unfinished. Garage: 2 Car Interior features: Appliances: Refrig., dishwshr, electric range, range fan with no venting, Washer/Dryer. Security: Protection One security system, door/window sensors, motion sensors for all lower levels. Smoke detectors throughout entire house. Flooring: Carpet, Linoleum Heating/Cooling: Gas Furnace, Central air. Misc: Ceiling Fans Exterior features: Stucco exterior, large front porch, vinyl windows, rear french doors, tiny yard, white vinyl fence, tiny backyard, neighbors houses so close to mine I can see what they eat for dinner. Current mods: Tile bathrooms, tile front porch (once you see the picture, you'll see why), new toilets, new bathtubs, marble bathroom sinks, marble shower enclosures, new bathroom faucets, SS convection oven, SS over range microwave w/venting, hardwood floor installed in garage entrance/stairs to basement, wine racks installed in cold storage room, epoxy garage floor covering, sheetrock/taping/paint interior of garage, new paint in three rooms & 2 bathrooms, 95% efficiency gas furnace, 8L x 4W x 5' depth koi pond/waterfall feature in backyard with imported japanese koi, Front Load washer/dryer, more GCFI outlets, house wired for cable in all rooms/family room, framed basement, and new french doors with enclosed blinds. Future mods: Tile Kitchen, Granite Countertops, Cherry kitchen cabinets, SS dishwasher, SS refrig., SS kitchen sink, Tile rear patio, finish basment, additional bathroom, Pergo Living Room, Pergo Front room, paint an accent wall in front room, Grid Solar panels. If October 2008 still looks like summer, i'll sell the house then, if it's snowng outside, i'll sell it in May 2009.