Fliperati: Lapsed Banker Turns to Reno-blogging
A reader just turned us on to this new renovation blog called Fliperati. Started recently by a banker who’d had enough of the Wall Street slog, the site is chronicalling his recent purchase and impending renovation of a suburban New Jersey house. A recent post of his mulled over the wisdom of spending the extra…
A reader just turned us on to this new renovation blog called Fliperati. Started recently by a banker who’d had enough of the Wall Street slog, the site is chronicalling his recent purchase and impending renovation of a suburban New Jersey house. A recent post of his mulled over the wisdom of spending the extra time and money on preserving original details. So far, he hasn’t gotten any feedback and we’re worried that he may have already opted for trashing the moldings. We bet he’d appreciate some feedback on the subject. Check that specific post out on the link below.
Flipping and Preservation Mutually Exclusive? [Fliperati]
I wouldn’t hire anybody from any of those matching websites. Don’t you want workers who are in demand because of their good work?
Get references from friends and aquantances or even other workers(plumbers, electricans, etc.)
This guy will unfortunately probable end up losing money and having all sorts of headaches unless he hires one great contractor to oversee the whole thing.
By the way, house prices are falling fast, so he better hurry up!
I spent a couple of minutes browsing through his site, and it looks interesting. I’ll have to take some more time with it later. I enjoy well written blogs by people who have a healthy sense of humor, along with the good sense to realize they don’t know everything there is to know on a subject, especially subjects they are new to. (Present company included.)
Since I bought my house from a flipper who made some nice change flipping houses for a living, for a time, I was interested in seeing if it was for me. Flipping in NYC is not like everywhere else, and there is a good reason why all of those RE gurus are never from here. It just costs too much to get started. I always wanted to do a quality renovation/restoration, not just slap new paint on the walls and do a Home Depot kitchen and bath, but in working on my house, I’ve really found out how many real pitfalls and unexpected costs are waiting for you.
I still think buying and renovating to resell (which I wouldn’t call flipping) is a good thing, but I wouldn’t even attempt it in NYC unless I have a very large pile o’ cash to work with. Even a Wall Street guy won’t touch it.