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unblock

(55,396 posts)
5. depends on location.
Thu Aug 5, 2021, 02:40 PM
Aug 2021

i was once told that a good real estate investment was a cheap house in an expensive neighborhood, so that's what we did.

what they don't tell you is that contractors then charge an arm and a leg because you're surrounded by rich people who will pay whatever and are always upgrading. there's no shortage of lucrative work so they won't come down on pricing for small jobs for the rest of us.

where i live, the work you describe could easily cost twice what they're asking. which certainly sounds insane, but really my choice is pay, do it myself if i even can, or don't do it.

i used to watch those house flipping shows where they would buy a house for $30k, completely redo everything, from roof to kitchen to bathroom and so on, then sell it at a profit for $50k. the new roof alone would cost well over $20k around here. so the shows are useless from a practical perspective unless you happen to live in an area where contractors are willing to work for dirt cheap.


anyway, we always get 3 quotes and ask friends and neighbors for references so we know what market rates are.

also always get a quote up front.

Recommendations

0 members have recommended this reply (displayed in chronological order):

No written contract or estimate beforehand? luv2fly Aug 2021 #1
I got nothing written. Only his notes and he'd show me. I stupidly trust him because Maraya1969 Aug 2021 #8
Good luck luv2fly Aug 2021 #12
Didn't you get things in writing? He can't just keep coming back and telling you that you owe more. Luciferous Aug 2021 #2
Not if you agreed to that amount at the beginning. jimfields33 Aug 2021 #3
I didn't agree to this. I was told it would cost about $3,000 Maraya1969 Aug 2021 #9
Well according to you, you have already Luciferous Aug 2021 #21
Oh, no! janterry Aug 2021 #4
depends on location. unblock Aug 2021 #5
I've never seen one of those shows post a loss, CrispyQ Aug 2021 #10
I have a postage stamp sized bathroom & got an estimate of $8-10K for a total re-do. CrispyQ Aug 2021 #6
If all you have in the way of an agreement is enough Aug 2021 #7
With nothing in writing, I'm afraid you owe it. Warpy Aug 2021 #11
I would ask him for an itemized account. peacefreak2.0 Aug 2021 #13
I kind of think that it's going to be a two-way screw Dan Aug 2021 #16
My popcorn ceiling contained asbestos Fresh_Start Aug 2021 #14
This could mean a legitimately high cost for the work. Handling and disposing of enough Aug 2021 #17
agreed nt Fresh_Start Aug 2021 #19
Mine didn't. Just regular removal. Maraya1969 Aug 2021 #20
Getting an estimate beforehand is, or should be, PoindexterOglethorpe Aug 2021 #15
Ask the realtor how much the work has added to the value of your house Bayard Aug 2021 #18
Since you're asking a legal question, Tomconroy Aug 2021 #22
how was the work? Kali Aug 2021 #23
Latest Discussions»Culture Forums»DIY & Home Improvement»I feel like I got ripped ...»Reply #5