Video Diary of an Austin, Texas Spec Home

Video Diary of an Austin, Texas Spec Home

Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes

Hi All,

I'm FINALLY ready to launch something that I've been working on - a new construction project documented through videos.

In order to get a head start and work through some of the logistics of setting up the video schedule, I'm starting this thread with 6 videos under my belt and will be adding more regularly. I'm sorry for the ridiculously long post right out of the gate, but from here on out one video per post, I promise!

Before we jump in, let me give you some details on me and the project.

For those who don't know me, I'm Lynn {audience responds: "Hello, Lynn!"}. I'm currently doing a lot of urban-infill development in Austin. In case you don't know what that means, I buy tear-downs near downtown Austin, and build a new house on the lot.

This project is a new, single-family, spec build in one of Austin's higher-end, central, neighborhoods. We are building a 2749 square foot house, with a detached 2 car garage on the lot.

Here are how some of the numbers will likely play out:

Lot - $550k
Build Cost ~ $384,860 (I'm using $140 sq. ft. for this calculation)
---------
Total Investment ~$934,860
Expected Sales Price ~ $1.4M

The first two videos are about analyzing the deal. It's all screen-capture and documentation. The information and numbers in these two videos are not specific to this deal, but I used the same process. I created these before I got rolling on this project and think they cover important information, so am including them here.

Video 1: Screencast - Analyzing Land and Build Cost on a Spec Home Build
Find the property and analyze the cost of the land and the build so that you can determine the feasibility of a project. You can download a copy of the spreadsheet that I used in this video here.

Video 2: Screencast - What To Do While In The Option Period:
Once your property is under contract, perform your due diligence while you are in your option period (and with very little money at risk) to fully scrub the property and ensure that you can develop the land as you plan.

Video 3: Prepping for Demo
Once you’ve received your demo or relocation permit, steps need to be taken to prepare the property for the work.

Video 4: What You Need To Know About the City of Austin’s Tree Ordinance
This Austin, Texas ordinance protects trees over in 19? in diameter. Any development in the city must adhere to the guidelines. House nerd alert: Even if you don't care about Austin's tree ordinance, this video is worth watching for the cool drone footage above the house.

Video 5: Relocating the Existing House in Order to Clear the Lot
We chose to move the house instead of demolish it. In this video I’ll explain the house moving process that give you a behind the scenes look at how the magic happens.

Video 6: Prepping the Lot for the Foundation
Now that the house has been moved off of the lot, we have to clear all remaining debris, setup some utilities and get the corner staked out so the foundation crew can come in and get started.

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  • Contractor · Carolina Beach, NC · Member since 2014 · 157 posts · 89 votes
    11y

    Glad to see they figured out a way to get this on a regular thread instead of the Marketplace. Looking forward to following along!

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y
  • Investor · Austin, TX · Member since 2012 · 146 posts · 91 votes
    11y

    @Lynn Currie Great videos!  I always enjoy talking real estate with you.  See you at the next event!

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Thanks, Jerred! Looking forward to it.

  • Real Estate Agent · Austin, TX · Member since 2014 · 13 posts · 6 votes
    11y

    wow, I love these posts!  I'm definitely a visual learner so the videos are great, and since I live in Austin I'm interested in the tree ordinance, also.

    Where is the next meet up that you and Jerred are referencing?  I'm just getting started and  am interested in finding local contacts. 

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Hi @Cyndy Trueblood 

    I'm glad you like the videos!

    The meetup that Jerred was referring to is this one:
    http://www.biggerpockets.com/forums/521/topics/160069-south-austin-december-coffee-talk

    We have them ever second Wednesday at 10am.

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Video 7: Staking and Framing Up the Foundation
    Now that the lot is cleared for construction and the survey company has pinned the corners, the foundation crew is on-site framing up the foundation.

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Video 8: Forming the Foundation and Doing the Plumbing Rough

    After a few delays from weather and the surveying company, we're finally done with forming the foundation, the plumbing rough, and the ground wire. Next up, the pour!

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    The holidays and a couple of structural changes have slowed our roll a little, but the foundation is poured!

    When we were framing up the foundation, I made a call in the field to raise it up 1 board height, which is 5.5" (the size of a 2x6). 

    In Austin we go for months and months without rain and then will get 6" in 12 hours sometimes. Because the soil is so hard and compact from the lack of rain, it can't absorb the rain when it comes down that fast so it just runs off.

    In looking at the neighborhood topo, I was concerned that the SE corner would get a great deal of that run-off. We could have tried to do some re-grading, but I feel that this is a better long-term solution.

    As a result of raising the foundation, the house will be raised up 5.5" and we're tight on our tent. I don't want to run into any problems with that, so we're working with the structural engineer to change our LVLs and trusses between the 1st and 2nd floor from 18" to 12". We should find out today if this is possible without other sacrifices that can cause problems. If not, we'll move on to plan B (or C or D).

    In the meantime, here is:

    Video 8: Pouring the Foundation

    <iframe width="560" height="315" src="//www.youtube.com/embed/MOgGJ8tX8OY" frameborder="0" allowfullscreen></iframe>

    Once we get some new docs from the engineer, we'll start framing.

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Woops, didn't post the video code correctly. Maybe an admin can change it.

  • J. MartinPro Member
    Rental Property Investor · Oakland, CA · Member since 2011 · 3k+ posts · 2k+ votes
    11y

    @Lynn Currie ,

    Your videos look great (w logo and everything!) and I love the step by step through your deal. Hopefully I can come take a look at one of your builds when I'm out in Austin in April for your Summit! Looking forward to it!!

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Thanks @J. Martin , I'm glad you're enjoying them!

    Shhhh on the summit. I haven't announced it yet. ;)

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Since I had a little downtime these last few cold days, I've done some work on the spreadsheet that I keep to track and run my projects. I think it will be useful to folks as it shows the timeline and order of things that are happening.

    Here's the link:

    Pecos House Project Timeline

    I'm trying to make it clean and easy-ish to read, but there are a lot of moving parts and I tend to put lots of notes in as entries, so areas might be confusing and dates may get out of order.

    This is a living, changing spreadsheet that gets updated as I go. Every so often I'll post a little reminder in this thread that it exists. 

    For those following along at home, here's a little cheat sheet for how the information is tracked.

    If you have questions about a specific entry, feel free to ask here.

  • Lender · San Diego, CA · Member since 2011 · 664 posts · 231 votes
    11y

    Thank you @Lynn Currie. This is a great thread to follow. 

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    You're welcome @Bruce May . I hope you enjoy it!

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    After more than a month of delays because of an error from the engineers, we're back in business!

    Video 9: Framing the House

    We've started framing. In this video I will discuss the problems that caused a major delay, how it was found, and what we did to remedy the situation.

    I'll also go over the items that I'm keeping a close eye on during the initial framing, and the next steps.

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Video 11 is here! And We've been busy, busy, busy!
    (in case you've been keeping count, I screwed up the numbers for my series by labeling two videos as #8).

    Video 11: Plumbing, Electric, and HVAC

    The house is framed and the trades are inside working. In this video I talk about plumbing top out, the electric rough, HVAC install, framing inspections, and getting ready for insulation.

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Video 12:  Finalizing the Electric, Plumbing Top-Out, and HVAC Install

    The trades have wrapped up their installs, and we're in the final couple of days before our 3rd party framing inspection. 

    This video includes details about the installs and wiring, the tankless water heater install and how we avoid the issue of delayed hot water at the faucets, the fireplace install, and a heads up on things that need to be checked on for the kitchen and bathroom cabinet order. 

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    I'm getting a little ahead of the videos in this post, but want to get some input from folks on a finish detail. 

    We're doing sheetrock right now and I've got a couple of tricky turn-backs/corners that I'm deciding how to handle. 

    The exposed wood you see is 5/8" and the sheetrock will be another 5/8", so total area to cover is 1 1/4" The house is contemporary and the doors are floor to ceiling and I won't be putting any molding around them. These are the options I'm considering, thoughts?

    • Put a metal corner cap on and mud over. My tape/float guys are confident that they can make this look good.
    • Put an aluminum L trim on it, something from Fry Reglet probably. I would paint it white.

    @Karen Margrave, I'd love your input on the situation. Anyone else you think I should tag to ask?

  • Karen MargraveBusiness Member
    Moderator
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    11y

    @Lynn Currie

     It's looking good! I think I'd just do the metal cap and mud over, as I think it will probably be less noticeable. These modern designs do present challenges don't they? 

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Thanks for your input, @Karen MargraveW

    We're going to try the metal corner/mud route and hope for the best. Worse case scenario, I can add the metal trim later if needed.

  • Austin, TX · Member since 2015 · 30 posts · 8 votes
    11y
    Originally posted by @Lynn Currie:

    Thanks for your input, @Karen MargraveW

    We're going to try the metal corner/mud route and hope for the best. Worse case scenario, I can add the metal trim later if needed.

     Great thread Lynn, very cool to watch your progress!

  • Karen MargraveBusiness Member
    Moderator
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    11y

    Simplicity is always the key on modern design. Unless you want there to be a focus on the trim, the mud seems like the simpler way to go, and like you said, you can always add trim if need be. Good luck! 

  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Video 13: Framing Inspection and Corrections

    We've completed our third party framing inspection, and have the list of the corrections. 

    This inspection covers

    • the framing
    • truss installation
    • the sheer wall construction
    • plumbing top out
    • electrical rough
    • HVAC installation

    In this video, I walk through some common issues the inspector finds and how they get corrected.

    Items discussed:

    • Truss hangars
    • Sheer walls
    • Ram sets
    • Visitability Blocking
    • Hurricane Straps
    • Fire Blocking
    • Stairs - including the rise, run and how to measure head heights
  • Investor · Austin, TX · Member since 2013 · 452 posts · 309 votes
    11y

    Video 14: Insulation

    The insulation on the house is complete. We've chosen to put spray foam insulation, also known as Icynene in both the roof deck and walls to help combat the high electric bills that our Central Texas summers in Austin like to cause!

    In this video I talk about the R factors that we get by using the spray foam, ensuring that the Manual J calculation is run to properly size the HVAC system for your specific insulation type, and the use of batts for sound attenuation.

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