Bob the Builder

Fun, entertaining and true.  Check out “Bob the Builder” and see what he has been up to.  You might be surprised.

Found 7 blog entries about Bob the Builder.

Construction Loans ~ Which are best?

There are two types of construction loans used by homeowners;
1. One-time-close loans
2. Two-time-close loans

With all construction loans, money is disbursed by the lender based on a pre-established construction draw schedule. The goal is to only pay for what has been completed, minus retainage, typically 10% of the cost of the project, which is held back until everything is completed properly and the owner has issued a certificate of occupancy (CO).

One-Time-Close Construction Loans...

This loan has one approval process, and one closing, simplifying the process and reducing the closing costs. Typically, the borrower can choose from the portfolio of mortgages offered by the lender such as 30-year-fixed, or

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I recently heard a story of one tough contractor.  He was apparently working off of a ladder in the home of a client, installing some framing at or near the wall and ceiling line.  As you might expect he was using his Paslode nailer to secure a 2x10 to the wall and the homeowner walks in.  It was at this split second that the nail left the Paslode gun and prior to entering the 2x10 entered the finger of the contractor; firmly securing his finger to the 2x10 and wall.  But this was one tough guy; he turns to the homeowner and listens to them while being nailed to the wall.  Once the homeowner finished talking the contractor removed his hammer and pulled the nail from the 2x10 and from his finger, and let a scream that could be heard from miles away.  This

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With all of the foreclosures and great deals on the market having the right tools on hand when looking at a property can save you lots of time and money. By knowing the tools and by having them on hand, you will be able to properly evaluate a home on the first visit, resulting in being able to make an offer afterwards, without the assistance of an inspector or engineer, and without needing to return for a second or third visit prior to making an offer. This alone will allow you to make offers more quickly and will result in more deals going under contract.

The Basic Tools

A Flash Light
I can’t tell you the number of times would be buyers show up with a pin light on their key ring to look at property. A heavy duty flash will allow you to examine

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This home is a recent foreclosure we purchased in Lawrenceville.  It was actually listed through our Multiple Listing Service and was originally on the market for $69,000.  We made an offer for $58,000 which was accepted; however the inspection revealed a couple of structural issues that needed to be addressed; so we amended our purchase price to $54,800.  For a complete Before & After clik on the image below. 

blazing_ridge_front
The renovation took a longer than usual, three weeks instead of two, but not bad considering the amount of work that was done.  The largest contributor to the extra week was the amount of landscaping that was needed.  The yard had eroded over the years due to water run off.  We decided to remove several trees in the front yard, add a rail road tie

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This was one of our most enjoyable transactions; primarily because of the sellers who were a very delightful couple. He was a retired Atlanta police officer and always had a story to tell when I stopped by. When we were contacted by the owners; they had lived in the home for a number of years. In fact the house still had the 1970’s shag carpet in it; so it was pretty dated.

front_2_1760

The home was one of those split foyers, you know the style; you walk in the front door and either go up or down.  There wasn’t really anything unique about the home; except that it had a foundation problem. I originally noticed it on my first visit to the home.  There was an elevated line that could be seen under the carpet.  I knew that it was a slab crack, but did not find out

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One of our recent flips was a ranch on a full basement in Alpharetta.  The home had
been lived in for a number of years by the then current owner.  The home needed updating to bring up the value, but it was mostly cosmetic in nature.  We thought it was about time to get one that did not need so much work.  Before & After

old_preston_front_after_1760

On the outside we replaced the roof with an architectural roof, removed the LP siding, replaced it with HARDI Plank, and repainted the exterior.  This made a huge difference in the exterior appearance, and did not represent a huge cost.  We also had to water proof a portion of the front foundation wall.  This required bringing in a back hoe, digging down to the footer, filling cracks in the block wall and then applying water proofing

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One of the homes we bought recently showed signs of an elevated crack in the lower level slab floor.  Unfortunately it was covered by 1970’s shag carpet so we were unable to really examine it until after we closed and the owners moved out.  It was at this time, under the watchful eye of an engineer that we realized the extent of the problem.  The slab had been poured on top of un-compacted fill dirt, and had no rebar attaching to the poured wall foundation; nor was it poured so that it was supported by the foundation walls. NOT GOOD NEWS.   

THE SOLUTION provided by the engineer was to remove approximately one half of the slab.  This was accomplished by cutting the slab loose in the places that had it wedged so that we could bust it up and remove it

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