- Jul 19, 2012
- 8,693
- 14,804
I'm spending 75000 to finish my basement 
It's gonna look nice though but damn.
It's gonna look nice though but damn.
Home Buying & Real Estate Thread
- Thread in 'General' Thread starter Started by TYE_The Time Traveler,
- Start date
- Jul 18, 2012
- 644
- 1,547
Damn. Where you located.?I'm spending 75000 to finish my basement
It's gonna look nice though but damn.
Seems awfully high.
If you're in LA, let me bid it.
- Sep 20, 2007
- 13,230
- 14,704
Are basements a big thing in LA?
I always thought basements were a big thing like that in the Midwest and east coast.
- Jul 19, 2012
- 8,693
- 14,804
I'm on the east coast. The company I'm using is known for charging a lot but they are reliable and do quality work. The original quote was actually 88000 and I managed to get it down to 75000. Sometimes you gotta spend more for less headaches in the future. Independent contractors are sketchy and can take forever to complete a project. I'm going to finish it in stages with just getting insulation, wiring, ceiling and carpeting for the main entertainment room done first for 40000. Then I'll take care of the extra room and full bath later since I don't really need that yet.
- Jun 15, 2013
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Aint no way Im putting carpet in a basement.... even after changing to an on demamd water heater.
- Jun 27, 2007
- 4,474
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Agreed. Click down Lvt is the ideal for basements.
- Jul 19, 2012
- 8,693
- 14,804
I've always lived in houses with carpeted basements. It gives the living area a more cozy feel.
Wouldn't recommend it if you live somewhere that floods though.
Wouldn't recommend it if you live somewhere that floods though.
- Jul 18, 2012
- 12,997
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Plz get several estimates... 75k is pool money.
- Jul 19, 2012
- 8,693
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I've gotten a few that were cheaper but nothing less than 50000. I didn't have a good feeling about the other contractors. My commitment for now is only 45000. I may get someone else to do the bathroom and section out the bedroom. But I want the main work on the basement perfect and done to code and this company is the best in the business.
- Jul 13, 2005
- 35,389
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If you have the means go for it. But I know people who built indoor illegal jacuzzis and saunas with a full remodeling of the basement kitchen (even though small) for much less. Their basement was pretty much a 1.5 bedroom (Junior?)
The contractors you find with their own websites etc usually work on entire buildings, maybe thats why their price is so high?
The contractors you find with their own websites etc usually work on entire buildings, maybe thats why their price is so high?
- Aug 5, 2017
- 622
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If you are paying PMI and have more than 20% equity, you probably want to refinance immediately. Call your lender or shop around.
You will probably want to calculate what you are paying in PMI vs. what increased rate would cost.
- Jul 18, 2012
- 12,997
- 5,248
/\ what he said.
The PMI will 100% be more costly than half a pt though, with very few exceptions
The PMI will 100% be more costly than half a pt though, with very few exceptions
- Aug 19, 2015
- 8,317
- 7,167
When my basement flooded a few years ago, it was basically $90k+ for the remodel down there. 2 bedrooms, living room area, bathroom drywall, laundry nook down to the concrete. All new studs, insulation, completely rewired the electric ($8-9k alone), etc. That was all for permit / coded work and insurance was paying, though.
- Jul 13, 2005
- 35,389
- 27,008
A friend of mine in Kentucky did less than 20% just because his calculated PMI monthly was something like $40 a month 
- Jul 29, 2001
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Basements are very common in the Northwest. I can't think of any house among my friends that doesn't have one.
computersputin
formerly arrowcollarman
- Sep 15, 2014
- 3,922
- 4,084
Basements in California are rare. Word to Zodiac.
- Mar 14, 2011
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Man i got real lucky, i only had to put 3% down and they removed the PMI on my first home. That was a good $300-$400 off.
- Nov 5, 2012
- 80,694
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wait, how they just remove it
- Mar 14, 2011
- 7,039
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Yea the guy at quicken loans said my credit was A1 he was going remove it to help me out with my payment
. Ive never paid pmi.
- Dec 19, 2008
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Vet FTW! No Down Payment, No PMI!
- Apr 30, 2010
- 69,664
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So no military he just removed it?Yea the guy at quicken loans said my credit was A1 he was going remove it to help me out with my payment
- Mar 14, 2011
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No military. Just first time home buyer.
Yup, Said my payment was going to be a lil tight with the pmi. So he removed it.
MakeNTGreatAgain
Supporter
- Aug 5, 2017
- 8,800
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i believe in 2013-2014 is when they stopped offering fha loans that when you cross 20% equity pmi is dropped
all newer loans you can only remove it via refinancing.
i might be wrong doe
all newer loans you can only remove it via refinancing.
i might be wrong doe
MakeNTGreatAgain
Supporter
- Aug 5, 2017
- 8,800
- 9,315
anyone in the socal/LA area a developer?
looking to maybe do a lot line adjustment and eventually submit building plans
looking to maybe do a lot line adjustment and eventually submit building plans
- Sep 20, 2007
- 13,230
- 14,704
But do y’all use basements like they do in NJ and stuff? Them mf’s got bedrooms, living rooms, all sorts of set ups in their basements.
