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Post by The Walk of the Penguin Mich on Apr 16, 2021 15:25:24 GMT -5
Why stripping- too many coats, or the top coat blistering all over? I just got mine done for $6K and that included a lot of insanely high ladder work. The house we recently purchased has what looks like 100 years worth of paint layers on it, and we have large pieces flaking off all along the back and one side where most of the weather hits it. If we just paint over it like everyone else has done, we don't think that the paint job will last longer than a few years before it starts flaking again. I think that cycle has been going on for a long time because an older retired guy walking his dog past the house told me he used to paint it every 3 years for the lady that owned it long ago. We are having trouble finding any painters interested in such a big job, and a lot of them say that they don't do paint stripping. We may be able to get away with only stripping the really bad portions, but if we can find someone we are probably better off having them do the whole house and starting fresh with the paint. You might have an easier job of getting them to replace the siding and painting instead. It seems like a lot less work needs about the same cost. You’ll also have a different set of contractors to work from. We had this done last year, so costs are fairly current.
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Deleted
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Post by Deleted on Apr 16, 2021 16:31:21 GMT -5
The house we recently purchased has what looks like 100 years worth of paint layers on it, and we have large pieces flaking off all along the back and one side where most of the weather hits it. If we just paint over it like everyone else has done, we don't think that the paint job will last longer than a few years before it starts flaking again. I can see why you'd want to strip it. I'd been in my house almost 6 years but it was JUST beginning to flake and I wanted to get it done before it got worse. Not sure when the previous owner last painted it. Better to bite the bullet now rather than end up repainting every 3 years.
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Post by minnesotapaintlady on Apr 16, 2021 16:31:37 GMT -5
I can't think of any single one time surprise expenses. I mean there's medical and home maintenance and insurance and travel and property taxes, but nothing that wouldn't be in a typical budget. If I look at my top Master Categories in a YNAB report going back 12 years, it's: Housing
Savings
Kids
Food Transportation These 5 make up 77% of all spending.
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Deleted
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Post by Deleted on Apr 16, 2021 16:36:42 GMT -5
In the early retirement years, before I qualified for Medicare, my healthcare premium was definitely #1. Back in 2016 when a hailstorm took out the roof with a 2% deductible, that was #1 expense. This year and next year will involve re-piping and re-siding the house and those costs will definitely be #1 in those years. At $1,000/month LTC insurance is an ongoing cost for sure, but totally needed.
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susana1954
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Post by susana1954 on Apr 16, 2021 18:26:24 GMT -5
I guess home maintenance is the biggest. That's what you get when you buy an older home, but I still love it. ETA: It isn't even one of those mid-century modern homes but just a 1980s ranch with a surprisingly open floor plan. If you haven't noticed, ranches and/or one-story homes are difficult to find in newer houses because of the price of land, I guess. I can age in place here, though.
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Deleted
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Post by Deleted on Apr 16, 2021 19:21:02 GMT -5
ETA: It isn't even one of those mid-century modern homes but just a 1980s ranch with a surprisingly open floor plan. If you haven't noticed, ranches and/or one-story homes are difficult to find in newer houses because of the price of land, I guess. I can age in place here, though. Yes- DH and I discovered that when downsizing. Builders can make more $$ building multi-story houses on the same property so they don't do ranches. We wanted at least 2 bedrooms on the main floor and it was very hard to find.
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Deleted
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Post by Deleted on Apr 16, 2021 20:09:36 GMT -5
I guess home maintenance is the biggest. That's what you get when you buy an older home, but I still love it. ETA: It isn't even one of those mid-century modern homes but just a 1980s ranch with a surprisingly open floor plan. If you haven't noticed, ranches and/or one-story homes are difficult to find in newer houses because of the price of land, I guess. I can age in place here, though. When we were looking for a house, I preferred a one-story since it was supposed to be my forever home. Mister didn’t care, but he’s said since that he’s glad we didn’t buy a multi level house. When we were looking, one-story homes that we would've been interested in, were definitely rare. If we exclude homes and autos, I’m not sure what my biggest expense is, without going to look at the data. Eek!
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kadee79
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S.W. Ga., zone 8b, out in the boonies!
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Post by kadee79 on Apr 16, 2021 20:34:45 GMT -5
We just got a new roof...OUCH! Our next biggest expense is likely all our insurances combined...DH has a backhoe & a new JD tractor with a scoop so he insured them, plus we also have an unrented cottage that we keep insured besides us, the house & autos. Next is gas since we live rural.
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jeffreymo
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Post by jeffreymo on Apr 16, 2021 22:19:33 GMT -5
Medical and insurance seem to be big costs for us.
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azucena
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Post by azucena on Apr 17, 2021 3:14:47 GMT -5
Fixing a flooding issue at our last house set us back an unexpected $15k. That was tough as it was drainage from another property, and it became clear later that the prior owner had tried to fix it but didn't spend enough. House value was $150k. Fortunately we had savings to cover it. There was no way to predict it though, and we fixed it 3 yrs into our 10 yrs living there after a season of record setting rain.
DH's medical bills could have bankrupted us at least 3 times, but we had fantastic health insurance. It did tie me into a lower paying job for about 5 yrs before I was able to make the leap to another company with great benefits. This was pre-ACA and the elimination of pre-existing conditions.
Home improvements are our current largest expenses besides home, auto, tuition. Fortunately, they are true improvements and not necessary.
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Deleted
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Post by Deleted on Apr 17, 2021 7:21:12 GMT -5
Fixing a flooding issue at our last house set us back an unexpected $15k. That was tough as it was drainage from another property, and it became clear later that the prior owner had tried to fix it but didn't spend enough. House value was $150k. Fortunately we had savings to cover it. There was no way to predict it though, and we fixed it 3 yrs into our 10 yrs living there after a season of record setting rain. <snip> Home improvements are our current largest expenses besides home, auto, tuition. Fortunately, they are true improvements and not necessary. I was a house-poor single mother in Bergen County, NJ after my divorce- very HCOL area. I could afford to keep things in repair- that was it, and I was grateful. Finally, I got a more secure job and got a bonus the first year- more than I was expecting. I had french drains installed in the basement, which would always get a few inches of water in some places every time it rained- and the sump pump didn't work. I think it was $7,000 in 2002. Previous owners had included weasel wording in the disclosure that in heavy rain there MIGHT be "a few puddles" in the basement. Yeah, right. What a relief to have that fixed. I also had the shower in the MBR updated and got rid of all the pink tile. Contractor found that the reason I couldn't use the shower without it leaking into the basement was that the previous owner hadn't installed a drain pan under the shower flooring. About $3,000 for the work, $8 for a drain pan. Well, it made the house far more marketable when I sold and I made a $200K profit on a $100K down payment. And, on the subject of retirement surprises- downsizing was expensive. New house cost more than expected (but we loved it and I still do), a lot of unexpected expenses in fixing up the one we sold, like a clogged drain in the basement that needed a jackhammer to un-clog, replacement windows and enclosing the back porch in the new house cost about twice what we expected based on what we'd paid in the other house. Six years later I'm very happy with the move and the monthly costs are much lower but it took a big chunk of money at the front end.
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buystoys
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Post by buystoys on Apr 17, 2021 7:31:35 GMT -5
We don't "need" to make the changes we are making. We could skip them and just live in the house as-is. However, we have the money to spend and I'd like to have it be what we want instead of just accepting what it is. There's not a lot left to be done. The hobby hole, den, and living room still need the texture removed from the walls. The den needs re-organized with built-ins removed and wiring checked. (We think there's still aluminum wiring in the den.) We want to take out the French doors and put in two windows in their place. The floor of the living room needs painted. Fresh paint in all three rooms. And the exposed wood outside painted. The biggest expense is going to be new furniture for the den and living room. We already have most of the furniture for the hobby hole. I'll be happy when we're done, but it's not a big rush to get it done.
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Deleted
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Post by Deleted on Apr 17, 2021 8:42:56 GMT -5
We don't "need" to make the changes we are making. <snip> I'll be happy when we're done, but it's not a big rush to get it done.
I feel the same way- you can go overboard trying to keep up with trends but DH and I always took the attitude that we'd make the improvements that appealed to us. I still operate that way. I got quartz countertops last year so I'm sure something else is the latest and greatest right now. I don't care. We barely broke even on the last house given the improvements (enclosing the back deck, some bamboo flooring, replacement windows, granite countertops) but we paid cash and enjoyed them while we lived there.
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Ava
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Post by Ava on Apr 17, 2021 9:29:38 GMT -5
I would say my biggest expenses outside what you've listed are; electricity in winter international travel back home to visit family.
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nidena
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Post by nidena on Apr 17, 2021 10:15:17 GMT -5
This year, it's definitely the rain gutters that I had put on in February. Last year, I would say prepping my old house to sell.
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mary2029
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Post by mary2029 on Apr 17, 2021 11:49:26 GMT -5
Why stripping- too many coats, or the top coat blistering all over? I just got mine done for $6K and that included a lot of insanely high ladder work. The house we recently purchased has what looks like 100 years worth of paint layers on it, and we have large pieces flaking off all along the back and one side where most of the weather hits it. If we just paint over it like everyone else has done, we don't think that the paint job will last longer than a few years before it starts flaking again. I think that cycle has been going on for a long time because an older retired guy walking his dog past the house told me he used to paint it every 3 years for the lady that owned it long ago. We are having trouble finding any painters interested in such a big job, and a lot of them say that they don't do paint stripping. We may be able to get away with only stripping the really bad portions, but if we can find someone we are probably better off having them do the whole house and starting fresh with the paint. Painters are probably thinking that there is lead-based paint that has to be remediated. This is not something that the standard painter has expertise in or liability insurance for.
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jerseygirl
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Post by jerseygirl on Apr 17, 2021 12:10:45 GMT -5
We decided to reside as painting was expensive and 2 paint jobs would be more than residing
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Deleted
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Post by Deleted on Apr 17, 2021 12:24:29 GMT -5
Painters are probably thinking that there is lead-based paint that has to be remediated. This is not something that the standard painter has expertise in or liability insurance for. Oh, I hadn't even thought about leaded paint. I was just thinking of how nasty paint-stripping would have been. I've done it on a very small scale and it involves some nasty chemicals. I suspect they'd also likely sand some of it off and then you're creating toxic dust. I think jerseygirl made the right decision to just re-side.
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jerseygirl
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Post by jerseygirl on Apr 17, 2021 12:39:32 GMT -5
Plus residing adds some insulation
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Post by The Walk of the Penguin Mich on Apr 17, 2021 13:00:19 GMT -5
Plus residing adds some insulation The advantage of residing is it allows you to look at the support underneath. When we resided, the only support that was rotting was that of the privacy wall, and easily fixed However, this house was built in the early 1990s, not 100 years ago. The siding used when this place was built was that generation after the one in the class action suit, and still had issues.
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Lizard Queen
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103/2024
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Post by Lizard Queen on Apr 17, 2021 13:13:57 GMT -5
How much does it cost to reside a house?
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jerseygirl
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Post by jerseygirl on Apr 17, 2021 13:51:28 GMT -5
How much does it cost to reside a house? Sorry don’t remember
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nidena
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Post by nidena on Apr 17, 2021 14:29:00 GMT -5
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Lizard Queen
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Post by Lizard Queen on Apr 17, 2021 14:33:27 GMT -5
Holy crap! Nope, thats not happening. Though, I'm just looking to replace vinyl with insulated vinyl. Doesn't necessarily need replacing. There's just a couple small holes that the people who replaced our windows created.
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Post by The Walk of the Penguin Mich on Apr 17, 2021 16:19:23 GMT -5
How much does it cost to reside a house? This was about $45k last year. 2800 sq ft. and a very steep terrain. HCOL area. Siding replaced with hardiplank and painted.
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Lizard Queen
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Post by Lizard Queen on Apr 17, 2021 17:39:35 GMT -5
How much does it cost to reside a house? This was about $45k last year. 2800 sq ft. and a very steep terrain. HCOL area. Siding replaced with hardiplank and painted. Yikes, though all those details would be cheaper for me. I dunno. Might've considered it for less than $10k. Heard it was easy to do, so also wondered how much it could be for DIY.
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resolution
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Post by resolution on Apr 17, 2021 17:52:57 GMT -5
Re-siding makes sense financially, but we bought a historical home knowing it would be more expensive and wanting to keep the historical character of the home. We would like to keep the wood siding from the original construction in the 1800s, if at all possible. It's a Victorian and there was a lot of detail that was built in, and areas with differently shaped decorative shingles. There is almost certainly lead paint, and one of the quotes we are waiting for is from the hazmat company that handled our asbestos removal, as they also do lead.
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Post by The Walk of the Penguin Mich on Apr 17, 2021 18:02:31 GMT -5
This was about $45k last year. 2800 sq ft. and a very steep terrain. HCOL area. Siding replaced with hardiplank and painted. Yikes, though all those details would be cheaper for me. I dunno. Might've considered it for less than $10k. Heard it was easy to do, so also wondered how much it could be for DIY. I’d be clueless here. The contractors here had a group of 4-5 guys here for a little over a week. They ripped off siding, replaced it, rebuilt the privacy wall, painted the house and trim and the deck railings (3 decks). I can’t even tell you what the materials cost.
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Artemis Windsong
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Post by Artemis Windsong on Apr 18, 2021 15:15:27 GMT -5
Various insurances are half of our expenses.
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countrygirl2
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Post by countrygirl2 on Apr 18, 2021 16:45:09 GMT -5
Insurance is our biggest expense.
But this year will be solar panels. And one year it was the new roof.
But if light bills don't drop that expense is moving right up there
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