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  • November 9, 2010 at 2:49 PM #18175
    Djshakes
    Participant

    Quick background. My wife and I bought a 1600 sq ft 3 bedroom 2 bath house in University City. We bought the house last Feb and have already seen significant gains (considering the market) in the area and I have no doubt if we needed to sell we would be on the up side. We are in a fixed 30 at 4.25%. It has a nice view of about 50 miles encompassing UTC, Miramar and the mountains beyond. The house was built in 1967 and has not been updated. I have been upgrading the house myself (master bathroom, lighting, landscaping, etc.) The kitchen will be done in March. Again, I do all the work myself and really find amazing deals on almost everything I put in the house (appliances, etc). I sit at a computer all day and can scour for deals. My wife likes to have cash in savings for comfort.

    Would you recommend maybe putting more cash into the house to finish the remodel sooner as opposed to holding cash which may soon lose its value signifantly do to inflation? With the money we have I can probably finish the house. Again, I do all the work myself and find amazing deals….so I am not paying retail consumer prices on the remodel. Our kitchen will probably cost the average person $40-50K but I will be into it for around $20K.

    November 9, 2010 at 3:47 PM #628490
    UCGal
    Participant

    I don’t have any advice on the investing in the house – but wanted to say “Howdy Neighbor!”.

    I grew up in UC – and live there now. It sounds, based on the age of the house, and your view, like you’re in South UC – but on the rose canyon side. We’re on the San Clemente Canyon side.

    It’s a great neighborhood.

    November 9, 2010 at 3:47 PM #629268
    UCGal
    Participant

    I don’t have any advice on the investing in the house – but wanted to say “Howdy Neighbor!”.

    I grew up in UC – and live there now. It sounds, based on the age of the house, and your view, like you’re in South UC – but on the rose canyon side. We’re on the San Clemente Canyon side.

    It’s a great neighborhood.

    November 9, 2010 at 3:47 PM #629142
    UCGal
    Participant

    I don’t have any advice on the investing in the house – but wanted to say “Howdy Neighbor!”.

    I grew up in UC – and live there now. It sounds, based on the age of the house, and your view, like you’re in South UC – but on the rose canyon side. We’re on the San Clemente Canyon side.

    It’s a great neighborhood.

    November 9, 2010 at 3:47 PM #629586
    UCGal
    Participant

    I don’t have any advice on the investing in the house – but wanted to say “Howdy Neighbor!”.

    I grew up in UC – and live there now. It sounds, based on the age of the house, and your view, like you’re in South UC – but on the rose canyon side. We’re on the San Clemente Canyon side.

    It’s a great neighborhood.

    November 9, 2010 at 3:47 PM #628569
    UCGal
    Participant

    I don’t have any advice on the investing in the house – but wanted to say “Howdy Neighbor!”.

    I grew up in UC – and live there now. It sounds, based on the age of the house, and your view, like you’re in South UC – but on the rose canyon side. We’re on the San Clemente Canyon side.

    It’s a great neighborhood.

    November 9, 2010 at 4:33 PM #629591
    waiting hawk
    Participant

    I would still recommend holding onto some saving for the just in case. Other than that the materials now are cheap and I did the same exact thing you are talking about many months back (all the work myself). My kitchen only costed 9500 total but I didnt spend much on cabinets. Im only about 25k into the house right now and thats after redoing my small pool. I got all the pool equipt off craigslist including a free heater that works awesome (awesome guy in North Park gave it to me).

    November 9, 2010 at 4:33 PM #628574
    waiting hawk
    Participant

    I would still recommend holding onto some saving for the just in case. Other than that the materials now are cheap and I did the same exact thing you are talking about many months back (all the work myself). My kitchen only costed 9500 total but I didnt spend much on cabinets. Im only about 25k into the house right now and thats after redoing my small pool. I got all the pool equipt off craigslist including a free heater that works awesome (awesome guy in North Park gave it to me).

    November 9, 2010 at 4:33 PM #629273
    waiting hawk
    Participant

    I would still recommend holding onto some saving for the just in case. Other than that the materials now are cheap and I did the same exact thing you are talking about many months back (all the work myself). My kitchen only costed 9500 total but I didnt spend much on cabinets. Im only about 25k into the house right now and thats after redoing my small pool. I got all the pool equipt off craigslist including a free heater that works awesome (awesome guy in North Park gave it to me).

    November 9, 2010 at 4:33 PM #629147
    waiting hawk
    Participant

    I would still recommend holding onto some saving for the just in case. Other than that the materials now are cheap and I did the same exact thing you are talking about many months back (all the work myself). My kitchen only costed 9500 total but I didnt spend much on cabinets. Im only about 25k into the house right now and thats after redoing my small pool. I got all the pool equipt off craigslist including a free heater that works awesome (awesome guy in North Park gave it to me).

    November 9, 2010 at 4:33 PM #628495
    waiting hawk
    Participant

    I would still recommend holding onto some saving for the just in case. Other than that the materials now are cheap and I did the same exact thing you are talking about many months back (all the work myself). My kitchen only costed 9500 total but I didnt spend much on cabinets. Im only about 25k into the house right now and thats after redoing my small pool. I got all the pool equipt off craigslist including a free heater that works awesome (awesome guy in North Park gave it to me).

    November 9, 2010 at 4:49 PM #629596
    bearishgurl
    Participant

    DJshakes and waiting hawk, I like your style!!

    Tip: Sometimes you can find ads for 10 or more expensive unused white vinyl double-paned windows placed by a small developer, spec builder or flipper that got foreclosed on for about 20-30% of their value. You will have to buy them in a pkg but often can make them work, even if you can’t use them all.

    November 9, 2010 at 4:49 PM #628579
    bearishgurl
    Participant

    DJshakes and waiting hawk, I like your style!!

    Tip: Sometimes you can find ads for 10 or more expensive unused white vinyl double-paned windows placed by a small developer, spec builder or flipper that got foreclosed on for about 20-30% of their value. You will have to buy them in a pkg but often can make them work, even if you can’t use them all.

    November 9, 2010 at 4:49 PM #629152
    bearishgurl
    Participant

    DJshakes and waiting hawk, I like your style!!

    Tip: Sometimes you can find ads for 10 or more expensive unused white vinyl double-paned windows placed by a small developer, spec builder or flipper that got foreclosed on for about 20-30% of their value. You will have to buy them in a pkg but often can make them work, even if you can’t use them all.

    November 9, 2010 at 4:49 PM #629278
    bearishgurl
    Participant

    DJshakes and waiting hawk, I like your style!!

    Tip: Sometimes you can find ads for 10 or more expensive unused white vinyl double-paned windows placed by a small developer, spec builder or flipper that got foreclosed on for about 20-30% of their value. You will have to buy them in a pkg but often can make them work, even if you can’t use them all.

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