[DangerMouse]

Do you do tile floors?

DM

 

[HarryJ]

Yes, pretty much all floors, residential and commercial

 

[etobia]

Have you ever "flipped" a house? I'm looking for help deciding how much a $100,000 house needing: kitchen, bathroom, and new hardwood floors in order to return it to it's "glory. My research on houses in this neighborhood sell between 90,000 and $100,000. What are your thoughts on the most you would spend on a flip needing these things?

 

[DangerMouse]

Welcome to the forum!

Have fun in the flooring section! Lots of differing opinions.

DM

 

[HarryJ]

etobia - sorry, tried to 'flip a few but by the time I corrected everything I thought should be done to be proud of the place I spent everything I got back on the sale plus worked for next to nothing.

 

[rusty baker]

Have fun in the flooring section! Lots of differing opinions.

DM

Is that a warning about Bud and I?:whistling2:

 

[DangerMouse]

I never said that..... :laughing:

DM

 

[etobia]

What would u have done differently?

etobia - sorry, tried to 'flip a few but by the time I corrected everything I thought should be done to be proud of the place I spent everything I got back on the sale plus worked for next to nothing.

Sounds like u missed on your estimate on what needed to be done. what if u had the insurance claim list of things needing restoration. Would that have made it easier to estimate a profit? I wonder how contractors manage to make a living doing this?

 

[rusty baker]

Anyway, welcome Harryj, I'm just a worn out, old, carpet and vinyl installer. Been around since Dinosaurs ruled the earth.

 

[Willie T]

Sounds like u missed on your estimate on what needed to be done. what if u had the insurance claim list of things needing restoration. Would that have made it easier to estimate a profit? I wonder how contractors manage to make a living doing this?

Here is the key.

I corrected everything I thought should be done to be proud of the place

In "flipping' houses in certain economical levels, you have to become very objective in your evaluations. Not everyone is willing to pay for what might be your own personal level of pride.

That sounds horrible I know, but it's a realistic statement right now.

**********
And, Yes, Rusty is very old. Be gentle with him.

 

[HarryJ]

Sounds like u missed on your estimate on what needed to be done. what if u had the insurance claim list of things needing restoration. Would that have made it easier to estimate a profit? I wonder how contractors manage to make a living doing this?

easy to make profit, harder to have win/win. I new what needed to be done legally..... unfortunately for my wallet i needed to do what i would do in my own home.

I see many contractors NOT managing to make a living, those that do have taken the time to learn their profession just like anybody else.

 

[Scuba_Dave]

Welcome to the site !