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Thread: Property Ladder - New show on TLC

  1. #291
    Read The Clue Bearcata's Avatar
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    Re: Property Ladder - New show on TLC

    No Property Ladder on 10/27/07 but 2 new Flip That House.

    1. New Orleans.

    This was very interesting as I had heard that many people were not returning to New Orleans. Only 2 yrs ago Katrina hit New Orleans and caused 81 billion dollars of damage. Flippers are heading toward NO and rebuilding. We will be in Lakeview, a relatively affluent area 10 minutes north of NO. Dustin DeJong is a flipper. We also meet his designers Beth and Corinne, who have been working together over 20 yrs.

    Stats:
    2800 sf 4 bedrooms 2.5 bath

    price: $185,000
    budget: $100,000
    time: 3 months

    As the three tour the house you can see that the flooding reached about halfway up the ground floor. The downstairs has been gutted to the studs, so there is some demo money saved right there. What I really liked about this episode was the emphasis that even thought the drywall and insulation had been ripped out of the first floor that did not garantee there would not be any mold and that Dustin had to hire specialists to treat the studs, ceilings joists etc... in fact they have to wear protective gear because of the spray. The chemicals are garanteed to kill even airbourne spores.

    I like watching Dustin work as he is very hands on, uses specialty crews when needed and seemed to be a good all round project manager. By wk 9 the electrical and plumbing are all done and a drywall crew come in and insulate and hang the drywall. I like how Dustin is also taking to heart the design changes that the ladies want. There are delays because the cabinents are almost 2 wks late and the timeline gets pushed back to 4 months. I also like how during the walk through the ladies and Dustin discussed what to do with the formal living area and dining area as the new kitchen area, casual dining area and family room are what everyone wants and most people no longer use or want a formal living room. They decide to put in the electrical incase anyone wants to use it as a formal dining area and divide the room with pocket doors so they can create a seperate space that can be used for whatever, an office or study.

    I like how he stuck with brushed nickel accents throughout the house. Used off white cabinents in the kitchen, lots of recessed lighting through out the house, used beige tile, geige granite and stainless steel appliances. I know stainless steel is all the rage but I think white or off white appliances would have matched the feel of the kitchen better. I do like how he enlarged the shower in the master bathroom and used some very nice finishes in the tile, counters and faucets. What totally amazed me was that the realtors told Dustin he could put the house on the market for $153 a sq ft which turns out to be $418,000. Wow, I hope he gets a customer. So after spending $103,000, plus the cost of the house, $185,000 for a total of $288,000 Dustin will list the house at $418,000 for a potential profit of $130,000.
    "When life gives you lemons, squirt lemon juice in your enemy's eyes."

  2. #292
    Read The Clue Bearcata's Avatar
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    Re: Property Ladder - New show on TLC

    10/27/07 - 2nd ep

    Sherman Oaks, CA

    Kathryn and Charlie, married with kids. She is a realtor and will be the banker.

    The house was built in 1974. It is 2,239 sq ft and has 4 bedrooms and 4 baths. For $857,500. The budget is $140,000. The timeline is 8 weeks. Senario, although the market has soften, in certain areas in LA it is still quite hot. The interesting thing about this area is that while this house is a 1970's Brady house, nothing has been updated in over 30 yrs it all has been very well maintained. One of the great selling features of the house is a great conrete wrap around deck that has VIEWS.

    I like that Charlie and Kathryn have really good communication and their cell phone is proof. A normal $300 a month bill ends up being a $1,000 a month bill for the duration of the project. Charlie tells Kathryn of every single change on the project and she records it all so they can track everything and the cost. Even with all that communication the project is broken into the 5th week and all the power tools stolen. I think this is the third episode in the last month were this has happened. Again the kitchen and the master baths are key in the upgrade on this house. The before and after of the master bathroom is remarkable as they took a liability of a very narrow bathroom and made it look good and work well. Replacing all the windows and sliders was key to this project and while running over budget by $60,000 the realtors felt that Kathryn and Charlie made all the correct upgrades and could list the house at $1.25 million ($1,250,000) Now, Kathryn felt that was a bit "soft" and wanted a higher listing.

    Final stats:

    bought: $875,500
    budget: $140,000
    time: 8 weeks
    final budget: $200,000
    list price: $1,250,000
    potential profit: of $192,500
    "When life gives you lemons, squirt lemon juice in your enemy's eyes."

  3. #293
    Where I is, you 'ain't! bee stung lips's Avatar
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    Re: Property Ladder - New show on TLC

    Are these all new episodes of Flip This HOuse?
    "You mustn't be afraid to dream a little bigger, darling"

  4. #294
    Read The Clue Bearcata's Avatar
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    Re: Property Ladder - New show on TLC

    Quote Originally Posted by bee stung lips;2639322;
    Are these all new episodes of Flip This HOuse?
    Yes, for some reason TLC has been showing 2 new episodes a week for the last 2 weeks.
    "When life gives you lemons, squirt lemon juice in your enemy's eyes."

  5. #295
    Where I is, you 'ain't! bee stung lips's Avatar
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    Re: Property Ladder - New show on TLC

    Thanks. Any word on when more new episodes of Property Ladder will be airing?
    "You mustn't be afraid to dream a little bigger, darling"

  6. #296
    Read The Clue Bearcata's Avatar
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    Re: Property Ladder - New show on TLC

    Quote Originally Posted by bee stung lips;2640075;
    Thanks. Any word on when more new episodes of Property Ladder will be airing?
    I rely on my weekly delivered TV Guide and we have been fortunate so far and that is all I can tell you at the moment.
    "When life gives you lemons, squirt lemon juice in your enemy's eyes."

  7. #297
    FORT Fogey Margaritaville's Avatar
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    Re: Property Ladder - New show on TLC

    My TIVO has not been picking up the Flip That House episodes on Saturday nights that Bearcata has told us about, so for anyone else having that issue - 2 more episodes will be airing this Saturday (11-3) at 6 and 6:30pm on TLC and repeats of the New Orleans and Sherman Oaks episodes will be on at 3 and 3:30pm that same day.

  8. #298
    Read The Clue Bearcata's Avatar
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    Re: Property Ladder - New show on TLC

    This Saturday it looks like repeat of PL, with the 2 friends, one who is really into Feng shui and 2 new FTH's.
    "When life gives you lemons, squirt lemon juice in your enemy's eyes."

  9. #299
    26.2, baby! Allie's Avatar
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    Re: Property Ladder - New show on TLC

    Quote Originally Posted by Bearcata;2643255;
    This Saturday it looks like repeat of PL, with the 2 friends, one who is really into Feng shui and 2 new FTH's.
    THanks for the recap of the last two eps. Sounds like the people knew what they were doing.

    What a change!

  10. #300
    FORT Fogey Margaritaville's Avatar
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    Re: Property Ladder - New show on TLC

    I finally got to watch last week's episodes! I was looking forward to them ALL week.


    I will start with my comments on the New Orleans flip by Dustin. I really liked this kid! He seemed like a hard worker with a realistic view of what all would be involved and did not let dollar signs obstruct his view. He also appreciated the designers input, regardless of whether it contradicted what he had been planning. Very willing to put his own feelings aside for the integrety of the house. I can't say that I remember the last time I saw a flipper more interested in the end result of a solid home as opposed to how much profit he will see at the end. I hope he made a great profit.


    The next episode I saw was Kathryn and Charlie in Sherman Oaks, CA. I was amazed at the difference new windows made in the home, and it seemed like they got a very good price on them as well. The only thing that bothered me about this episode was the cell phone bill. They were a bit misleading about that. If you paused the television when the bill was onscreen, you would notice that the $1200 bill was really due to the fact that they were past due on the previous month's bill. So their phone bill was only about half what they claimed -- maybe nothing, but made me wonder about other things they claimed. I also thought the outside wall that they took the rock down from could have used a bit more than what they gave it. Looked like just a coat of paint - kind of tacky if you want 1.25 million for it, imo.

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