House buying/owning advice

[XocolateThundarr]

This wind has torn the living crap out of our roof.  Going to spend $10k plus to have it replaced in the next few weeks.  When the house was originally roofed, they did it in the winter and the shingles never really sealed.  It is fairly old and is probably due for replacement, but it still sucks.

[Cire]

This wind has torn the living crap out of our roof.  Going to spend $10k plus to have it replaced in the next few weeks.  When the house was originally roofed, they did it in the winter and the shingles never really sealed.  It is fairly old and is probably due for replacement, but it still sucks.

Insurance?

[Tobias]

are you the only person in kansas to not have had their roof replaced by insurance in the past two years?

[KCFDcat]

also Evergy has a $500 rebate for adding the sevice for 240v a charger but you do have to own an EV
https://www.evergy.com/ways-to-save/discounts-link/ev-charging

crap! of course installed mine 8 mos ago 

[Phil Titola]

are you the only person in kansas to not have had their roof replaced by insurance in the past two years?

Insurance depreciates your roof now. So only get partial payout even if you have replacement coverage. At least mine does. Farmers.

[ChiComCat]

are you the only person in kansas to not have had their roof replaced by insurance in the past two years?

Insurance depreciates your roof now. So only get partial payout even if you have replacement coverage. At least mine does. Farmers.

Mine replaced my 20+ year old roof minus the deductible.  My insurance then immediately dropped by the amount of the deductible

[yoga-like_abana]

are you the only person in kansas to not have had their roof replaced by insurance in the past two years?

Insurance depreciates your roof now. So only get partial payout even if you have replacement coverage. At least mine does. Farmers.

Is your new roof on yet? Because if not I am sure they will pay you the replacement cost after completion.

[yoga-like_abana]

First check should equal the depreciated amount minus deductible. They hold the replacement until you actually put a new one on.

[Phil Titola]

First check should equal the depreciated amount minus deductible. They hold the replacement until you actually put a new one on.

Oh okay. I hadn't replaced anything ever but when I looked at the policy it had some roof grid in the back. Glad to be wrong!

[Tobias]

i had my 2006 roof replaced like a year or two ago, was as yla described

[yoga-like_abana]

First check should equal the depreciated amount minus deductible. They hold the replacement until you actually put a new one on.

Oh okay. I hadn't replaced anything ever but when I looked at the policy it had some roof grid in the back. Glad to be wrong!

Pro tip: If you are planning on staying in that house for quite a while pay the extra out of pocket and put on a UL4 roof.

[Phil Titola]

Just reread my policy. I was all wrong. Thanks YLA. Hopefully I don't have to replace it for awhile but now I know.
 

[XocolateThundarr]

My insurance rate is super cheap on our place right now.  At last check, it is about half of what other companies have quoted me.  My last experience with an insurance claim (we've only had one and not at this place) was less than ideal.  I'm going to be out $5k at least plus most likely increased insurance rates after that if I file a claim.....so I'm probably going to just pay it and go down the road.  I'm going to save the insurance card for when we have big deal that I can't cover.

[Cire]

Wife called.

Lamp "popped" in the bedroom.

She went downstairs, circuit was thrown and wouldn't reset.

Probably a bad breaker????

if you need me to come over and replace it let me know

by the way, garage update: the breaker tripped again and electrician came out and said there's probably a short or something with the underground line so they have to dig that up and re run it through my backyard 

booooooo

Thanks for the offer, we have a guy coming out.  Hate owning a house.

Update 

LMAO,  "Hey, did you unplug the lamp at your make up table thing?" 

"No, I'll go do that"

Flips breaker, power back.

Lamp went bad/shorted out.  electricity flowing like the salmon of capistrano again

[steve dave]

https://twitter.com/Adam_Tannenbaum/status/1516115233298866178

[yoga-like_abana]

https://www.cnn.com/2022/04/21/homes/us-mortgage-rates-april-21/index.html

[steve dave]

https://www.cnn.com/2022/04/21/homes/us-mortgage-rates-april-21/index.html

https://twitter.com/alifarhat79/status/1507166460761755651

[TheHamburglar]

https://www.cnn.com/2022/04/21/homes/us-mortgage-rates-april-21/index.html

https://twitter.com/alifarhat79/status/1507166460761755651

 

[Dugout DickStone]

starting a full gut job remodel of a home that I don't currently live in.  First time dealing with a contractor for something larger than a new deck/new hardwoods.

It is not going well.  And this guy is highly recommended, I called in a favor etc. 

It is not a good time for this type of job.

[cfbandyman]

Dealing with contractors is the worst, I still am trying to find one I feel comfortable with. All of them over promise and under deliver, and take longer to do everything.

They're not wholly awful, but it's always just peak frustration

[Dugout DickStone]

Dealing with contractors is the worst, I still am trying to find one I feel comfortable with. All of them over promise and under deliver, and take longer to do everything.

They're not wholly awful, but it's always just peak frustration

This guy does a ton of work for one of my really good bros, wants to get a much bigger chunk and also some more from another investor client of mine.  this property was supposed to be his "audition" - and he still is not replying to texts.

already 2 weeks behind.  At least I haven't given him any $$

[chum1]

Lol

https://twitter.com/byHeatherLong/status/1519334552367509509

[CNS]

Dealing with contractors is the worst, I still am trying to find one I feel comfortable with. All of them over promise and under deliver, and take longer to do everything.

They're not wholly awful, but it's always just peak frustration

This guy does a ton of work for one of my really good bros, wants to get a much bigger chunk and also some more from another investor client of mine.  this property was supposed to be his "audition" - and he still is not replying to texts.

already 2 weeks behind.  At least I haven't given him any $$

Construction materials are so mumped right now you guys.  I have parts that I ordered last Sept that are still not here and are listed as "Indefinitely backordered".  That's from one of the industry leading brands. 

I know a guy who ordered dishwashers for some spec houses about a month ago and was told he will be waiting nearly a year.

My in laws ordered a couch last June and still don't have it.

If your gut job comes in less than a 2-3 months behind, you are probably doing good right now.

[passranch]

Lol

https://twitter.com/byHeatherLong/status/1519334552367509509

So it's a tear down then?

[catastrophe]

Poor fella