Hoping $100,000 If I get over $550,000 after all costs.

Stopped by the property late today and electrical passed and Gas meter installed

Call into the plumbers to connect temp. furnace and fire it up. I insulation looks good too

Why are you waiting until it is done to list it? Everyone I know that builds list it at sheetrock. Just curious as to your reasoning.

Well all I can do is provide plans only. I don't want people tramping through an unfinished house. I am torn on it

One huge benefit to listing it at sheetrock is it will allow a buyer to personalize the house some. Either through paint colors, flooring choices, appliances, etc.

But I do understand the headache of dealing with people going trough your house before it is done.

See you really cant do that as Hardwood, tile must be ordered 6 weeks in advance. Also you are right it is a headache.

Though it is a decision I am struggling with. Though I may change my mind soon


My plumber said he would try and get over to the house today to fire up the temp furnace. I am at a standstill right now till i get my basement slab in . Hoping two weeks as the furnace will take at least a week to thaw out the basement

OP, how much did it cost to get the 1941 bungalow bulldozed? Not very much?

I am still leaving in it

Though I have quotes for bulldozing and hauling it away for about $10,000 including the foundation

I see, sorry i just read up on some of the thread, will read more before i ask questions that have already been answered :P.

Could you ever see yourself expanding and getting bigger so your building something like 10 houses per year, even running it as a business?

You know I am doing one right now. But in planning of the duplex and another bungalow. That is a lot on one plate.
Also financing 10 houses is a lot of cash and I think not possible on my own.
If I could do two a year I would be happy but 4 a year is my partners goal.

Though the first one was a big learning curve. Today I needed a copy of the lot plan and the developer was dragging there ass. So I e-mailed the guy I used at Stantec on the last bungalow and asked if they had it on file and he fired it off to me in 5 minutes.

No apology needed question was fine.

Ok Temp furnace running two days Starting to soften up the ground. Another 4 days and plumbers should be able to do final rough in

Thought I would post a few more pics. We all Love Pics

Insulation







Distance Shot



New Lot 910 Chahley Way

April 2.. still snow on the ground.. what is the temp?

Do you ever see any mainland Chinese buying property?
or is it still mostly locals?
Is there a semi relation between oil prices and land value where you are, or
are you too far away? .. have you ever thought of doing this in
somewhere like Fort McMurray? That location might be similar to
123 Flip's situation... in land prices and speed of flipping.

Highs of 5-7 degrees Celsius 45F We got record snow this year

Lots of Asian cash here

Yup Oil drives our economy

Not at all Its nuts up there. Highest Real estate Values and average income.

How did you get the funding to do this? I think i read that you sold your house, cashed in on a retirement fund? How much are you estimating/have spent so far on buying the plot of land and building costs?

Just a general question with the expansion, but say in theory you wanted to do more and get bigger, do you think hiring someone to manage other projects would eat into your profit too much? Or finding other partners is better for expnansion?

So if you spend $400-425k, it's going to sell for more than that?

True I meant like if you did 4 houses yourself which you manage and then another partner that you joint fund with did 4 houses in a different location per year, so you're still doing the same work load but with twice as much money involved and twice the return.

Ahh I like that idea, keeping the number of projects the same but just making them bigger.

Listing at $569,000

I dont think my partner wants to take on another partner. He likes what I am doing and barely gets involved.

wow a bungalow can sell for $569,000?

I understand but i mean from your experience so far and just in theory, do you think it could work?

The list Price is low. The neighbors sold for $570,000 and one two blocks away $672,000. It is in a prestigous neighborhood. I just want a quick sale.

Could it work yes. But my goal is 4 a year and build in the spring summer and head to Vegas/Phoenix for Jan/Feb

Awesome, so what are the plans for vegas/phoenix? More of the same you're doing now or a change in strategy?

Can't find it just now but I read this thread the other day and it said the agent wanted to list the property already. What's your reasoning behind declining it? If you can get a contract signed you can sell it on the basis that the finish will meet a certain standard.

Is it simply because you think in it's current state it would put buyers off paying the price you want for it? If your price is good you may just sell it before you finish and that would be a pretty good result. Why not give it a go then if people are being put off pull back out again and wait for it to be completed. If they seem put off the realtor can take their number and give them a ring when it's finished anyhow?

Possibly buy a place so I can sit by the pool and toss a tennis ball for my pooches to fetch

I am considering it more and more


Let me add it is all great to have big plans but lets get one under my belt and complete my 4 and see were I am at profit wise, weather I enjoy it ........

Great thread

The psychology of a buyer, or even a prospective buyer, constantly wanting to be involved in all the little details while lozen is attempting to finish the house, is a good reason to wait until its complete to place it on the market. It takes a great deal of diplomacy to stop them from an endless stream of meetings which generally involve changes.

If he has a buffer, a company facade to set rigid barriers, the prospective buyer is constrained. But they will see a builder/seller who can do these "little things" for no real additional cost.

Lozen, when you first posted about the delay to list I was going to post against it. But stick to that course, you'll get less stress. Too many options confuse most people.

That was my reasoning also but.........

I met with my partner and decided to list it. Lots of good points out there. WE will not allow any changes

Hardwood is ordered
Granite is selected
Tile will be selected

We may allow a paint color choice.

I found out if I list it for 60 days and it doesnt sell I will re-list it when complete