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Posted by J. Clarke on January 30, 2008, 7:11 am
Please log in for more thread options Terryc wrote:
> J. Clarke wrote:
>> Terryc wrote:
>>
>>> J. Clarke wrote:
>>>
>>>> Terryc wrote:
>>>
>>>> No point in insulating the walls if the insulation is going to
>>>> get
>>>> soaked the first time it rains.
>>>
>>> Err,sounds like you've just posted your major problem. Obviously
>>> you
>>> fix the roof first. Caveat, if you are replacing timbers, make
>>> sure
>>> it s adequate for the final load; ie, corrugated iron, versus
>>> tile,
>>> vs PV installation, etc
>>>
>>>
>>>> Which is beside the point. Maybe you are wealthy enough that
>>>> moving
>>>> all of your possessions out of your house, tearing it down,
>>>> rebuilding it according to your ideas, and then moving back in is
>>>> an
>>>> option. If so I'm happy for you but you are decidedly in the
>>>> minority. Most people take what's on the market at the price
>>>> they
>>>> can pay.
>>>
>>> Well, the banks view was 6x times what we felt comfortable
>>> borrowing,
>>> so I guess I'm not most people.
>>
>>
>> The bank doesn't pay for your house, you do. If you weren't
>> willing
>> to borrow the 6x then what you did borrow plus what cash you spent
>> was what you could pay. So you are most people.
>
> Err no. We borrowed what WE wanted to buy a beginner house that we
> were happy with. When we asked for $50K, the bank guy said "you can
> have $300K if you like". It took about 2 minutes to explain to the
> wife that $300K meant definitely having to wotk for the next 25
> years, no year off for study, long holidays, etc, etc, before we
> continued with the request for $50K.
In other words you decided that the payments on 50K were what you
could pay. Just as everyone else decides what payment they can afford
to make. Or do you think that you are the only person on Earth who
actually considered the cost of repaying the loan before he decided
how much he wanted to borrow?
If the bank decided that they would loan you a billion dollars does
that mean that you could afford a billion dollars?
> It weasd a wise move as in a few years were were paying 18% interest
> rate no problems, although the bathroom remodel was put back five
> years.
>
>
>>> Over here, peep just build the new house around the old as they
>>> demolish it, bit by bit. frankly, few people do that as they
>>> either
>>> lack the skills or confidence.
>>
>>
>> Are you saying that one builds a shell that has all the insulation
>> that one wants and then tears the old house down inside it? Seems
>> to
>> me that it would be rather difficult to deal with issues like
>> foundations and ceiling and floor joists.
>>
>> Or are you saying that they knock down part of the house and build
>> new where it was?
>
> Any way you can get away with really. You are really "renovating
> your
> existing property" whch local government can not stop you doing. It
> is
> the add-ons/changes that you have to be approved on.
So explain how fixing things without making changes saves energy. It
sounds like you're also blessed with regard to building inspectors.
> So if people want to radically alter the house, yep, they build a
> tarp
> tent and virtually tear it down wall by wall. This may include
> redoing
> the foundations or just re cladding.
Here, if you're going to do that you need to get down and back up in
one season or your tarp tent is going to be flat the first time it
snows.
>> And where exactly is "here"? How deep is the frost line where you
>> are? Did you dig your basement with a shovel or rent a backhoe?
>
> Not, Australia where peeps unfortunately do not have basements. They
> make a lot of sense to me. The big problem here is rock floaters in
> clay which requires a competent backhow/jackhammer operator. Yes, I
> have done that, by hand, when my father decided to excavate a bigger
> garage under our house on the side of the hill.
Here you pretty much don't have any choice but to have a basement--the
foundation has to go below frost line and plumbing and whatnot has to
have a space to run through that doesn't freeze.
> I can understand peoples disinclination, but after seeing what a
> paid
> builder did to a roof replacement, I would not have done any worse.
He didn't do it to code?
Most kinds of work I'm happy to do. Roofs with more than 30 degree
slope though, my balance isn't what it used to be.
--
--
--John
to email, dial "usenet" and validate
(was jclarke at eye bee em dot net)
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