Aces High Bulletin Board

General Forums => The O' Club => Topic started by: Serenity on October 18, 2014, 05:40:05 PM

Title: I bought a house!
Post by: Serenity on October 18, 2014, 05:40:05 PM
So, it's a bit of a gamble, but I was egged-on by my family, my CO, XO, and every other officer I was around, so I decided to take a chance here in Pensacola and buy a house to try to rent out when I rotate out. We're still getting moved in, but I snapped a few pictures:

Front yard: (IDK what's up with that pipe sticking up. EVERY house in the neighborhood has it...)

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_111935_zps10481848.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_111935_zps10481848.jpg.html)

Entry way:

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112032_zps8de034a6.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112032_zps8de034a6.jpg.html)

Big 'ole 15 x 20 room we don't know what to do with...

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112130_zpsa4f32679.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112130_zpsa4f32679.jpg.html)

20 x 25 living room. We don't have enough stuff...

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112050_zps519e13ed.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112050_zps519e13ed.jpg.html)

Looking from the other side of the living room. I think I'll build a bar to put in front of the coke cooler (Our beer fridge):

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112148_zps061b1179.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112148_zps061b1179.jpg.html)

Backyard with the detached garage 15 x 20

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20140907_133636_zps45f4a14b.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20140907_133636_zps45f4a14b.jpg.html)

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112205_zps6d641237.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112205_zps6d641237.jpg.html)
Title: Re: I bought a house!
Post by: mthrockmor on October 18, 2014, 06:42:03 PM
Nice house. Maybe one day we'll see it on TV as one of those gator hunter crews is capturing an eight footer out of your garage. My guess is that pipehead is sewer. If there is a clog they can try to blow it clear with pressure. Just a guess.

I hope this works well for you!

Boo
Title: Re: I bought a house!
Post by: jolly22 on October 18, 2014, 07:22:53 PM
Oooo I love that detached Garage (Workshop) ;D
Title: Re: I bought a house!
Post by: mbailey on October 18, 2014, 09:34:41 PM
Congratulations!!!!!!    Get very familiar with the garage......at some point it will be the only room in the house you have any say over.

Just bought my wife a 3500sqft house....6 BR. 3 full baths. 2 Living rooms, a family room and a full finished Basement.  My domain is the garage and the shed.    :rolleyes:
Title: Re: I bought a house!
Post by: ROC on October 18, 2014, 11:32:28 PM
Congratulations!

Interesting on the pipe.  It's in the right position for the main sewer clean out.  Out my way, we have them in the same spot, but they are enclosed with an access plate.
Title: Re: I bought a house!
Post by: MrRiplEy[H] on October 19, 2014, 09:49:38 AM
So, it's a bit of a gamble, but I was egged-on by my family, my CO, XO, and every other officer I was around, so I decided to take a chance here in Pensacola and buy a house to try to rent out when I rotate out. We're still getting moved in, but I snapped a few pictures:

Front yard: (IDK what's up with that pipe sticking up. EVERY house in the neighborhood has it...)

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_111935_zps10481848.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_111935_zps10481848.jpg.html)

Entry way:

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112032_zps8de034a6.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112032_zps8de034a6.jpg.html)

Big 'ole 15 x 20 room we don't know what to do with...

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112130_zpsa4f32679.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112130_zpsa4f32679.jpg.html)

20 x 25 living room. We don't have enough stuff...

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112050_zps519e13ed.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112050_zps519e13ed.jpg.html)

Looking from the other side of the living room. I think I'll build a bar to put in front of the coke cooler (Our beer fridge):

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112148_zps061b1179.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112148_zps061b1179.jpg.html)

Backyard with the detached garage 15 x 20

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20140907_133636_zps45f4a14b.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20140907_133636_zps45f4a14b.jpg.html)

(http://i217.photobucket.com/albums/cc74/Serene_One/House/20141017_112205_zps6d641237.jpg) (http://s217.photobucket.com/user/Serene_One/media/House/20141017_112205_zps6d641237.jpg.html)

You should check the drainage paths of your garage. It looks like the walls are wet up to a foot high, they will get rotten if they're not already. You should dig a 4 foot deep ditch around the garage, install a drainage pipe (with an exit somewhere away from your buildings) and fill the hole with loose gravel to prevent humidity accumulating next to the walls.
Title: Re: I bought a house!
Post by: DREDIOCK on October 19, 2014, 10:31:23 AM

Front yard: (IDK what's up with that pipe sticking up. EVERY house in the neighborhood has it...)


Backyard with the detached garage 15 x 20



Yup. Thats a house

That pipe everyone has is the clean out for the septic tank. As is usually the case its ugly as crap. So here's what you do
you get a full sized well lawn ornament like this and put it over it to hide it
this one is only $100

(http://www.kotulas.com/images/product/400x400/122/122648_400x400.jpg)

http://www.kotulas.com/deals/ProductDisplay?catalogId=10602&storeId=10152&productId=25355&langId=-1&srccode=cii_17588969&cpncode=45-2965850-2&utm_source=google_pla&utm_medium=Outdoor%2bLiving%2b%253e%2bLawn%2b%2526%2bGarden&utm_content=122648

Nice workshop. That house would be perfect for me
Title: Re: I bought a house!
Post by: GScholz on October 19, 2014, 11:34:40 AM
Congratulations!  :aok
Title: Re: I bought a house!
Post by: Hap on October 19, 2014, 12:16:04 PM
 :aok :aok
Title: Re: I bought a house!
Post by: Nefarious on October 19, 2014, 02:32:31 PM
Congratulations, My suggestion to you.

Don't buy a whole bunch of stuff. I've owned my home for the last 8 years, we have accumulated so much worthless junk it has really become a problem. Entire rooms are filled with absolutely nothing important. Sometimes, I want to go through and just throw everything away. lol.
Title: Re: I bought a house!
Post by: DaveBB on October 19, 2014, 02:32:51 PM
Best of luck to you Serenity.  You will make an excellent P-3 or helicopter copilot.  
Title: Re: I bought a house!
Post by: Hetzer7 on October 20, 2014, 10:33:48 AM
Gratz on the new pad!  :aok
Title: Re: I bought a house!
Post by: Curval on October 20, 2014, 01:33:09 PM
Congrats.

is it the camera that makes the ceiling in the living room look bowed? 
Title: Re: I bought a house!
Post by: Serenity on October 20, 2014, 04:27:19 PM
You should check the drainage paths of your garage. It looks like the walls are wet up to a foot high, they will get rotten if they're not already. You should dig a 4 foot deep ditch around the garage, install a drainage pipe (with an exit somewhere away from your buildings) and fill the hole with loose gravel to prevent humidity accumulating next to the walls.

Good eyes! Yep, the walls down there are a bit nasty, and need some work. I saw it as a project to cut my teeth on more than a real concern, since it really just is a utility shop for me. I would never have thought of that drainage ditch idea though! That's brilliant!

Yup. Thats a house

That pipe everyone has is the clean out for the septic tank. As is usually the case its ugly as crap. So here's what you do
you get a full sized well lawn ornament like this and put it over it to hide it
this one is only $100


http://www.kotulas.com/deals/ProductDisplay?catalogId=10602&storeId=10152&productId=25355&langId=-1&srccode=cii_17588969&cpncode=45-2965850-2&utm_source=google_pla&utm_medium=Outdoor%2bLiving%2b%253e%2bLawn%2b%2526%2bGarden&utm_content=122648

Nice workshop. That house would be perfect for me

Another great idea! Man, y'all are fantastic! (And I can see my budget drying up as I type lol)

Congrats.

is it the camera that makes the ceiling in the living room look bowed? 

Yep, just the camera effect.

Thanks for all the kind responses all! I certainly wasn't expecting this so soon, so I'm hoping it turns out to be a profitable gamble...
Title: Re: I bought a house!
Post by: jolly22 on October 20, 2014, 04:33:19 PM
Who nice collection of bow cases there! Show me what you got!! I just got a brand new PSE :D

Nice crib btw!
Title: Re: I bought a house!
Post by: morfiend on October 20, 2014, 04:45:56 PM
Serenity,


  Do yourself a favour,check with the bank on mortgage payments,I'm assuming you have a mortgage.  If you can pay the mortgage weekly or biweekly!  The first month can be tough because you have to pay the mortgage and then start the weekly or biweekly payments.

  What this will do is reduce the amortization length considerably,as 25 year term can be reduced to 16 or 17 years and that will save you thousands of dollars! Also most mortgages allow you to make an anniversary payment of upto 10%,while most wont have that amount of cash on hand,you can still put even just a 1000 dollars against the prime!   Again this will reduce the amortization length greatly.


   I managed to drop a 25 year term down to 13 years doing this and do to a small inheritance I was able to pay it off in 8 years,it was sub 20 grand inheritance but we put it towards the mortgage on 2 anniversary dates.


  My estimate is I saved about 200,000 dollars in total payments,I now make those payments into my own savings and investments!


  YMMV.



     :salute
Title: Re: I bought a house!
Post by: Serenity on October 20, 2014, 05:10:50 PM
Serenity,


  Do yourself a favour,check with the bank on mortgage payments,I'm assuming you have a mortgage.  If you can pay the mortgage weekly or biweekly!  The first month can be tough because you have to pay the mortgage and then start the weekly or biweekly payments.

  What this will do is reduce the amortization length considerably,as 25 year term can be reduced to 16 or 17 years and that will save you thousands of dollars! Also most mortgages allow you to make an anniversary payment of upto 10%,while most wont have that amount of cash on hand,you can still put even just a 1000 dollars against the prime!   Again this will reduce the amortization length greatly.


   I managed to drop a 25 year term down to 13 years doing this and do to a small inheritance I was able to pay it off in 8 years,it was sub 20 grand inheritance but we put it towards the mortgage on 2 anniversary dates.


  My estimate is I saved about 200,000 dollars in total payments,I now make those payments into my own savings and investments!


  YMMV.



     :salute

Huh... I'm not sure I completely understand the difference between monthly and weekly. Would I still be making the same payment amount? Or would that being going up considerably as well?

Who nice collection of bow cases there! Show me what you got!! I just got a brand new PSE :D

Nice crib btw!

Thanks! And not bows, rifles :D

'Couple SKSs, 'Couple M-44s, 91/59, Garand, AR-15, AR-10, M39, etc...
Title: Re: I bought a house!
Post by: Dragon on October 20, 2014, 05:51:20 PM
Huh... I'm not sure I completely understand the difference between monthly and weekly. Would I still be making the same payment amount? Or would that being going up considerably as well?


Congrats!!


Normally it is similar to the monthly payment divided into 2 equal payments.  If your monthly payment is $985, it gets totaled to $11,820 then divided by 26 to make bi-weekly payments of $454.62 each.  Rounding it up to $460 per payment just chews away at the principal and lowers your interest further.

Title: Re: I bought a house!
Post by: morfiend on October 20, 2014, 05:57:02 PM
 When you pay weekly or bi weekly you pay the exact same amount as you would monthly,only it's split up in 4 payments. Say you have a 1000 dollar a month mortgage,first you have to pay the monthly payment of 1000 dollars,then you must pay 250 dollars for the first weekly payment so the first month you do this can be tough as you end up making 2 payments that month but once past that it's just 250 per week.

  The key to this is how the bank charges interest on the loan,now as a US citizen you may have tax benefits from the interest paid so I would consult an accountant to be sure you get the best benefits. In Canada we cant deduct the interest paid so it's in our best interest..pun intended... to pay off the mortgage asap!

   As I said I brought the amortization term down from 25 years to 13 so I saved 12 years of payments,you only pay a small amount on the prime, about 90% of each payment is just the interest calculated on the loan over the amortization length.

  A 100,000 dollar home will cost over 300,000 in payment over a 20 year term!this is at about 5% give or take.




     :salute



Title: Re: I bought a house!
Post by: Serenity on October 20, 2014, 06:52:42 PM
When you pay weekly or bi weekly you pay the exact same amount as you would monthly,only it's split up in 4 payments. Say you have a 1000 dollar a month mortgage,first you have to pay the monthly payment of 1000 dollars,then you must pay 250 dollars for the first weekly payment so the first month you do this can be tough as you end up making 2 payments that month but once past that it's just 250 per week.

  The key to this is how the bank charges interest on the loan,now as a US citizen you may have tax benefits from the interest paid so I would consult an accountant to be sure you get the best benefits. In Canada we cant deduct the interest paid so it's in our best interest..pun intended... to pay off the mortgage asap!

   As I said I brought the amortization term down from 25 years to 13 so I saved 12 years of payments,you only pay a small amount on the prime, about 90% of each payment is just the interest calculated on the loan over the amortization length.

  A 100,000 dollar home will cost over 300,000 in payment over a 20 year term!this is at about 5% give or take.




     :salute





Very interesting! I'll have to investigate this further!
Title: Re: I bought a house!
Post by: Getback on October 20, 2014, 07:14:38 PM
Awesome! That pipe may be a vent for the plumbing.
Title: Re: I bought a house!
Post by: pembquist on October 20, 2014, 09:04:59 PM
More gratuitous advice. If you have a fixed rate mortgage based on this house being your primary residence than the interest rate should be very low. You may not want to pay it off any faster than you have too as it is very cheap money. When you convert the house to a rental the interest expense comes off your income on the front of the form and is not part of either a standard or itemized deduction. It often makes much more sense to take money that you would be using to make extra principal payments and put it into retirement accounts where it will be tax deferred or tax free and safer from financial disaster than a paid off house. Remember that extra principal payments are paid with after tax money not gross rental income.

Just something for you to consider.
Title: Re: I bought a house!
Post by: scott66 on October 21, 2014, 12:38:39 AM
Congrats bud!! Where are you going to put the cockpit Size simulator cage for AH? With the 10 foot projector screen.. :devil
Title: Re: I bought a house!
Post by: DREDIOCK on October 21, 2014, 07:54:14 AM


Another great idea! Man, y'all are fantastic! (And I can see my budget drying up as I type lol)



Hey. No problem. We have no problem spending your money. And we're good at it too!
Title: Re: I bought a house!
Post by: Serenity on October 21, 2014, 09:25:21 AM
More gratuitous advice. If you have a fixed rate mortgage based on this house being your primary residence than the interest rate should be very low. You may not want to pay it off any faster than you have too as it is very cheap money. When you convert the house to a rental the interest expense comes off your income on the front of the form and is not part of either a standard or itemized deduction. It often makes much more sense to take money that you would be using to make extra principal payments and put it into retirement accounts where it will be tax deferred or tax free and safer from financial disaster than a paid off house. Remember that extra principal payments are paid with after tax money not gross rental income.

Just something for you to consider.

Definitely another thing to consider! I really appreciate the financial feedback folks, since this is my first. At the moment, I'm on track to stay at Milton for Primary, and IFS won't likely start before January, so I may have up to a year before I convert this to a rental, so just enough time to plan!
Title: Re: I bought a house!
Post by: MrRiplEy[H] on October 21, 2014, 11:01:41 AM
Awesome! That pipe may be a vent for the plumbing.

(New houseowner) Hmm what is that pipe on my lawn...

A few weeks pass

(New houseowner) Hmm what is that truck that visits the neighbors lawns every few weeks? Gee that must be expensive!

A week passes

(New houseowner) Hmm why is there that foul smell on my yard?

A day passes

(New houseowner) Hmm why is my toilet overflowing when I flush it?
(New houseowner) <insert Eddie Murphy Jewish imitation here> Achaaa! :D

(http://stream1.gifsoup.com/view/361199/taste-the-soup-o.gif)
Title: Re: I bought a house!
Post by: Serenity on October 21, 2014, 01:20:10 PM
(New houseowner) Hmm what is that pipe on my lawn...

A few weeks pass

(New houseowner) Hmm what is that truck that visits the neighbors lawns every few weeks? Gee that must be expensive!

A week passes

(New houseowner) Hmm why is there that foul smell on my yard?

A day passes

(New houseowner) Hmm why is my toilet overflowing when I flush it?
(New houseowner) <insert Eddie Murphy Jewish imitation here> Achaaa! :D

(http://stream1.gifsoup.com/view/361199/taste-the-soup-o.gif)

It can't be septic... I mean, it CAN, but the house is hooked up to a public sewer system.
Title: Re: I bought a house!
Post by: Hetzer7 on October 21, 2014, 01:33:17 PM
It can't be septic... I mean, it CAN, but the house is hooked up to a public sewer system.

It is, theres a 4" pipe that runs from your house to the public sewer pipe that typically runs down the center of the street. For certain thats the clean-out drain that goes down to your 4" sewer pipe. Also, the 4" sewer pipe almost always runs downslope at an angle to the public sewer pipe, it does not join it at a right angle. This way it keeps the flow of the sewage in the public pipe going one direction.

<S> Hetz
Title: Re: I bought a house!
Post by: MrRiplEy[H] on October 21, 2014, 02:09:04 PM
It can't be septic... I mean, it CAN, but the house is hooked up to a public sewer system.

If you're hooked up then you won't have to worry about emptying the tank. So that pipe must be some inspection/cleaning or ventillation hatch.
Title: Re: I bought a house!
Post by: mbailey on October 21, 2014, 03:30:43 PM
It is, theres a 4" pipe that runs from your house to the public sewer pipe that typically runs down the center of the street. For certain thats the clean-out drain that goes down to your 4" sewer pipe. Also, the 4" sewer pipe almost always runs downslope at an angle to the public sewer pipe, it does not join it at a right angle. This way it keeps the flow of the sewage in the public pipe going one direction.

<S> Hetz

Former Construction guy here/ Large Loss Property adjuster now..........Yep, its a cleanout for the sewer lateral that leaves the house and runs to the street. By the looks of it...its a fairly new one, they use to be made from cast iron.....It leads me to believe that at some time there was an issue with the lateral that leaves the house, and repairs were done to it.....which again is a good thing, because having to jack hammer the sewer lateral out of the concrete inside your home if it collapses can be a messy nightmare......the cast iron pipes would react over time with the lime in the concrete and it would speed up the deterioration of the pipe.....also happens with copper lines that are run thru concrete.....many times you dont know you have a problem until your water bill is off the wall...or the broken lateral has washed out so much soil under your slab that it starts to crack. Then again it may have only been repaired in the yard, in which case your lateral is still the same one in the home. I say that because your home is very similar to "Levittown" type construction we have here in PA....and I dont see any signs of a basement where the lateral would be located.....

Hey Serenity, if you ever have any questions regarding homeowners insurance / claims and such, dont hesitate to give me a shout.....Ive helped a few guys here who had questions on their homeowners claims/policy with good results.
Title: Re: I bought a house!
Post by: Hetzer7 on October 21, 2014, 05:16:33 PM
Former Construction guy here/ Large Loss Property adjuster now..........Yep, its a cleanout for the sewer lateral that leaves the house and runs to the street. By the looks of it...its a fairly new one, they use to be made from cast iron.....It leads me to believe that at some time there was an issue with the lateral that leaves the house, and repairs were done to it.....which again is a good thing, because having to jack hammer the sewer lateral out of the concrete inside your home if it collapses can be a messy nightmare......the cast iron pipes would react over time with the lime in the concrete and it would speed up the deterioration of the pipe.....also happens with copper lines that are run thru concrete.....many times you dont know you have a problem until your water bill is off the wall...or the broken lateral has washed out so much soil under your slab that it starts to crack. Then again it may have only been repaired in the yard, in which case your lateral is still the same one in the home. I say that because your home is very similar to "Levittown" type construction we have here in PA....and I dont see any signs of a basement where the lateral would be located.....

Hey Serenity, if you ever have any questions regarding homeowners insurance / claims and such, dont hesitate to give me a shout.....Ive helped a few guys here who had questions on their homeowners claims/policy with good results.

well it sounds like you know your sh*t......

(http://i.ytimg.com/vi/bcYppAs6ZdI/hqdefault.jpg)
<S> Hetz
Title: Re: I bought a house!
Post by: mbailey on October 21, 2014, 07:27:26 PM
well it sounds like you know your sh*t......

(http://i.ytimg.com/vi/bcYppAs6ZdI/hqdefault.jpg)
<S> Hetz


 :lol
Title: Re: I bought a house!
Post by: Thruster on October 22, 2014, 08:44:05 AM
Mazel Tov.

As important as it is to own part of this planet it's not hard to get in over your head. Looks like a nice starter. Bailey's right. It's been a long time but I believe a septic clean out would also have a vent. PVC sticking up out of the ground (especially with tenants) seems like an accident in waiting. I'd do something. Plant a bush, light pole, something. Just a matter of time before it gets hit.

That mildew is part of southern living. If anything, pave around it or put rock down. It's the dirt splashing on the walls along with constant humidity that causes that. Wash it with bleach water and repaint. Keep it clean and above grade.

And.... The reason bi-weekly and weekly payment strategies work is the additional prepayment effected when you take a sum paid 12 times, cut it in half (or quarters) then submit that sum 26 as opposed to 24 times (52/48). Most (all?) mortgages charge no prepayment fees so it's interest free $$ you're paying back....technically. BUT you're chipping away at the back end of the note so that, like the payments you'd ordinarily make eventually adds up. Bottom line is it's a fairly painless way to pre-pay your loan. And remember, to enjoy any deduction you need to have the income to post it against. Most folks in the military don't seem to be in need of many tax shelters. Most just need gas money. If you can, get that deed.

fwiw.
Title: Re: I bought a house!
Post by: pembquist on October 22, 2014, 11:50:29 AM


And.... The reason bi-weekly and weekly payment strategies work is the additional prepayment effected when you take a sum paid 12 times, cut it in half (or quarters) then submit that sum 26 as opposed to 24 times (52/48). Most (all?) mortgages charge no prepayment fees so it's interest free $$ you're paying back....technically. BUT you're chipping away at the back end of the note so that, like the payments you'd ordinarily make eventually adds up. Bottom line is it's a fairly painless way to pre-pay your loan. And remember, to enjoy any deduction you need to have the income to post it against. Most folks in the military don't seem to be in need of many tax shelters. Most just need gas money. If you can, get that deed.

fwiw.

Excellent point about the bi monthly or quarterly payment scheme. It isn't something for nothing and you don't need an intermediary to do it.
 I do have a quibble regarding "tax shelter" though. The expenses on a rental are not deductions. You do not have to itemize to enjoy the benefit of a paper loss. Even if my tax rate were zero I would rather contribute to a Roth than pay down a 4 percent mortgage and increase my income, even if I was still making too little to pay taxes with that increase.  When retirement time comes I want liquid funds not money tied up in a house that will require substantial transaction costs to liquidate at a time of unknown market conditions. To go further, if I have children I want them to inherit the house and avoid capital gains when it is sold. That last part is me I admit, I'm not a wheeler dealer.

The other aspect is that a great number of states are non recourse, meaning that foreclosure ends a borrowers liability, in the event something goes wrong and you cannot make the mortgage you would be better off not having paid off principal early as funds not paid in are safe from the banks claim. Further, if you are forced into bankruptcy, for whatever reason, you will be able to keep your retirement accounts. If disaster strikes would you rather have paid more money for something that is taken away? Or would you rather have that money squirreled away in a safe place?

This is all in regards to a rental property, a primary residence has different issues.
Title: Re: I bought a house!
Post by: Serenity on October 22, 2014, 01:03:23 PM
Former Construction guy here/ Large Loss Property adjuster now..........Yep, its a cleanout for the sewer lateral that leaves the house and runs to the street. By the looks of it...its a fairly new one, they use to be made from cast iron.....It leads me to believe that at some time there was an issue with the lateral that leaves the house, and repairs were done to it.....which again is a good thing, because having to jack hammer the sewer lateral out of the concrete inside your home if it collapses can be a messy nightmare......the cast iron pipes would react over time with the lime in the concrete and it would speed up the deterioration of the pipe.....also happens with copper lines that are run thru concrete.....many times you dont know you have a problem until your water bill is off the wall...or the broken lateral has washed out so much soil under your slab that it starts to crack. Then again it may have only been repaired in the yard, in which case your lateral is still the same one in the home. I say that because your home is very similar to "Levittown" type construction we have here in PA....and I dont see any signs of a basement where the lateral would be located.....

Hey Serenity, if you ever have any questions regarding homeowners insurance / claims and such, dont hesitate to give me a shout.....Ive helped a few guys here who had questions on their homeowners claims/policy with good results.

Thanks bailey! I'm sure I'll take you up on that! I know this whole neighborhood got hit REALLY hard during Ivan, so I imagine a lot of the major changes were made then. I'm noticing quickly that not everything done here was done... well. The structure is great, so it seems, as is the roof and foundation, but the small things were half-arsed. I'm getting REALLY handy running round sanding edges of doorways so the doors don't stick, putting things in to seal the edges of outlets... It's mostly cosmetic/convenience, and I actually rather enjoy the projects (I'll be sitting in A-pool waiting for IFS until at LEAST January) but it really lowers my opinion of the previous owners...
Title: Re: I bought a house!
Post by: Bizman on October 22, 2014, 01:04:12 PM
--- PVC sticking up out of the ground (especially with tenants) seems like an accident in waiting. I'd do something. Plant a bush, light pole, something. Just a matter of time before it gets hit.---
Just adding some ideas to safely hide that tube... I suppose a bush might even add the possibility of an accident. One day the lady of the house might take the axe and get rid of the bush, forgetting about the tube. A nice little building would do the trick more safely. According to your taste you can choose from a great variety, starting from a japanese garden temple to a small windmill, or a little hut for the garden gnome if you'd like to add some magic. Anything that's heavy enough not to be blown off and big enough not to be driven over. A natural looking tree stump made of stone, perhaps?
Title: Re: I bought a house!
Post by: GScholz on October 22, 2014, 01:30:05 PM
A flak-tower!
Title: Re: I bought a house!
Post by: Dragon on October 22, 2014, 05:55:38 PM
Toilet
Title: Re: I bought a house!
Post by: mbailey on October 22, 2014, 06:21:43 PM
What ever you do don't plant any type of tree or bush anywhere near that pipe. The tree roots can grow into the pipe and then you are dealing with sewer back up issues...I see a couple dozen claims a year involving sewage backups caused by tree/bush roots. If it's a cast iron pipe the roots will find a way into the pipe.  Usually the roots only catch toilet paper and other debris and cause a clog. Sometimes they will actually crack the pipe and your paying to excavate it and replace it.  Not to mention when it backs up the interior of you home is now covered in dookie, sink drain water, washing machine water etc etc. All very bad stuff that is just fine inside the pipe.  

I'd leave it the way it is.  If it were to get sheered off its a quick and easy fix. And probably costed than 20.00 to fix

Glad to hear your enjoying working on your house.  I love working on mine.
Little advise about home projects......measure twice cut once  :D


Title: Re: I bought a house!
Post by: Bizman on October 23, 2014, 12:55:20 PM
Little advise about home projects......measure twice cut once  :D

Sound advice! And in case you're like me, trained into nice office work instead of doing things with own hands, you'd better dump a couple of ideas in the evening in favour of a brilliant plan which you'd be doing the next day - and which you'd dump along with the used toilet paper after your breakfast! The morning meditation usually gave me the best solutions in any building problems. I'd like to add that I tore our entire upstairs to the frame, so there was a lot of planning and rebuilding. My personal favourite of successfull planning is building a bathroom - shower cabinet, toilet bowl, laundry machine and sink - into the place where used to be a door between two rooms...
Title: Re: I bought a house!
Post by: MrRiplEy[H] on October 23, 2014, 01:44:56 PM
I usually measure once, cut three times then say forget it and hire a professional to do it  :devil
Title: Re: I bought a house!
Post by: Ripsnort on October 23, 2014, 09:57:36 PM
Good on ya. Rarely do you lose money on a house unless you buy in an over-inflated market.  :rock
Title: Re: I bought a house!
Post by: Thruster on October 25, 2014, 06:57:00 AM
Shrubbery's not a problem. Roots will avoid pvc and not affect cast. And just try getting anything fixed for $20. You rent that place and it's just a matter of time before it gets damaged.

Hide it but make it visible. Unless of course there's a rule against it.
Title: Re: I bought a house!
Post by: Serenity on October 25, 2014, 01:09:42 PM
Shrubbery's not a problem. Roots will avoid pvc and not affect cast. And just try getting anything fixed for $20. You rent that place and it's just a matter of time before it gets damaged.

Hide it but make it visible. Unless of course there's a rule against it.

No HOA here, so I suppose there aren't any rules at all... I'm liking that fake well thing more and more, maybe through a few combat garden gnomes in for fun!

We decided to put a bar in the giant living room area, to take up some space. Gonna try to make it look real nice. I'll be making the first home depot run today to start the building.
Title: Re: I bought a house!
Post by: ap1102 on October 25, 2014, 09:47:28 PM
Are you in Austin? Im trying to recognize what part of town. im in Giddings now but lived in austin for 45 years.

ezrhino
Title: Re: I bought a house!
Post by: ap1102 on October 26, 2014, 07:43:02 AM
MAybe if I live to 100 I'll learn to read a post more thoroughly. your post says it was in Pensacola. Congratulations on your purchase.
Title: Re: I bought a house!
Post by: mbailey on October 26, 2014, 09:05:07 AM
Shrubbery's not a problem. Roots will avoid pvc and not affect cast. And just try getting anything fixed for $20. You rent that place and it's just a matter of time before it gets damaged.

Hide it but make it visible. Unless of course there's a rule against it.

Not true in the slightest regarding the roots.  Not sure what you do for a living but I deal with these on a daily basis. And a 20 fix if he does it.  

Take 5 min and google tree roots and sewer pipes.  Or if you like take a walk down the plumbing isle at Home Depot. They make products that are specifically used to kill the roots in the pipes. Also regarding the PVC. The roots press up against it and crack the pipe allowing the roots to enter it.

Anywho....this is serenitys thread and not a place to have a disagreement.   If you would like to discuss it send me a PM.
Title: Re: I bought a house!
Post by: Serenity on October 26, 2014, 06:36:29 PM
Are you in Austin? Im trying to recognize what part of town. im in Giddings now but lived in austin for 45 years.

ezrhino

Thanks for reminding me! I need to change that lol. My move got bumped up a bit unexpectedly, and it's amazing how many things I forgot to do. Hell, I still have a whole bunch of things in my safe deposit box back in Austin... No clue what I'm gonna do about that yet, lol.