Avoid these Expensive Mistakes Every New Homeowner Makes
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
- Every new homeowner makes A LOT of BIG, EXPENSIVE mistakes at hardware stores like Lowe's and Home Depot. Remember, the goal of homeownership is to create a rental portfolio. Learn the psychology of investing & making money, use code ⚠️MoneyFromHome⚠️ expires 4-31-2020 metkevin.com/program - ALSO Deposit $100, get💰2 Free Stocks 📈 metkevin.com/webull
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this is why you should never buy a flipped house
Why?
@@DayoAworunse Because he just said to cut every corner possible.
Cover water damage with Tile?
Do the cheapest thing always without any regard for performance?
No one can tell the difference between hardwood and vinyl tile?
This is just ridiculously bad advice. People like this are destroying great homes across the country by doing this type of shoddy work to flip houses and add no actual value in the process.
@@dustinhale4337 Wrong. Homes like this would end up in complete disrepair and become condemned fire hazards if people like this guy didn't come along.
@@wilhallman2890 Doubtful. Are you a homeowner who has purchased a flipped house? Do you really believe that every flipped house was in such a state of disrepair that it was near condemned beforehand? Are you aware that tile over a water damaged floor isn't actually fixing the problem? Did you know that when you cover something up, the problem doesn't magically go away? It just can't be seen.
Sure some houses are greatly improved, others are just painted, bandaided, then flipped like they where completely remodeled.
Can confirm. Bought a flipped home, almost nothing the seller said was fixed is actually fixed when you start tearing things apart. Everything is temporarily patched up, and every corner that can be cut was cut.
I now have a good $10k to-do list to fix all these little issues from leaky faucets, to buckling flooring now that summer is here, water damage covered up by new flooring, paint that is starting to peel now that it's hotter, windows that no longer open now that it's warmer....etc
if a house had mileage this dude would rewind the numbers for sure 😂
Just like any smart investor.
@@awilliam1 Smart investor - fraud are 2 things.
@@steamsteam6607 you realize how many investors "cut corners" to save money? Hint: All of them
@@awilliam1 There's a difference between not replacing an entire wall because it's 3mm out of plumb and stacking reclaimed bricks with dirt.
😂😂😂😂
These aren't mistakes, this is just the difference between a low-end and high-end home. Choose based on which type of house you're doing.
ikr
Tips on how to flip a house or turn a shit house you bought for cheap in to a rental property.
NOT tips on how to fix up the house you're actually planning on living in.
@@manictiger can you link to this said magic concrete?
bro, how many years can you live on planet earth?
btw I googled that term and it is not a product. It just found me a bunch of articles about micro fractures in concrete.
Alot of this stuff is a waste of money. He is not wrong on it but some of this is just personal preference.
@@manictiger that's what home owners insurance is for. I only need my house to last 50 years. I'll be dead after that and I won't care. A good stick built house on a good poured basement will outlast my kids and grandkids if properly cared for.
@@manictiger the only thing in my house I can't replace is the humans that live in it, and I guess the baby books with the notes hand written. Your concrete "fortress" won't mean anything in a flood and it will all still be lost. You suggest what? Mortgage myself up to the neck to build a fortress for the 1 in a million chance that a tornado hits my house? Talk about paranoia.
Damn man .. I wouldn’t let you do anything to my house
You realize this video is aimed for rentals...right?
@@awilliam1 So it's cool to pass your cheap, broken house off on renters, so long as you don't have to live there?
@@codyf3249 yea i had to do a retake on his comment xD rental or not, people will be living inside
@@awilliam1 Terrible attitude.
@@awilliam1 Going cheap on rentals means things break faster and easier and have to be replaced more often. Spending a bit more on the cabinets actually means they will last longer. The foil wrapped cabinets are garbage and won't last the first tenant.
Pro's take someone with a military discount for 10% off huge hauls
We also use our old contractors pro numbers at home depot to get 20% off paints!
High Five, krillansavillan 🤣 ⭐
You can stack this with the ProServices PreLoad card to get another 5% off. You have to load money onto that card with a credit card. Use a 2% cash back card like the Citi Doublecash. This come out to 16.21% off all your purchases.
The ProServices program will also routinely have 2-3 day specials that give you 10% off instead of 5%.
@@kungfoochicken08 I am definitely checking that out
@@krillansavillan It's a bit of a hassle because you have to load money onto their prepaid card every time you use it. It's definitely worth it though. Some people just keep a balance on the card. I use their app to transfer money each time.
The app allows you to save a credit card as a funding source. At checkout you can simply load however much you need onto the card. The transfer happens quick enough that there's no real delay during checkout. The 5% off is given back to you in the form of a balance on the prepaid card at the end of the month.
When you purchase pay for an order with the PreLoad card, you also get delivery for $29 instead of $59.
Lmao. First and only video I’ve ever seen from this guy. And seeing how much he half-measures home repairs, I can see why he has a shirt that says “Don’t sue me” 😂😂
No one buy a house from Kevin lol
he doesn't seem to be buying cheap quality, but cutting expenses in places 99% of people won't notice a difference.
Why? He's right
@@sl4983 no lol
@@jordantrae2280 tiling over water damage?? Someone will notice eventually!!!
@@jordantrae2280 That isn't true. When your rental starts falling apart and the windows are drafty they will know the difference.
Noobs be like... This guy's a genius
Pros be like ... Don't listen to this guy
Brilliant lol
Haha true
For a rental? He’s spot on. Think most folks watching this video missed the point
@@jtim83 exactly.. so confused by all these comments wanting to live in luxury - its not about you living in it. both if you're a landlord you want it to be cheap so you get a good ROI and as a renter you want it to be cheap so you can save up money for your own house in the future.
Noobs be like "I'm going to use all of these tips" but the pros say "nah I'm good".
Spending double the money on what are basically consumables in a rental is really stupid.
I mean the guy has 20% down on a half million dollar house. So 4% on 400k and 7% on 100k. Or $16,000 + $7,000 = $23,000/year in financing costs.
Also known as $1,916.5/mo in financing costs. A a decent looks ok on zillow house like that will rarely rent over $2,200. Meaning a 300 dollar budget.
Try putting hard wood floors in a house creating 300 bucks/mo. California investors are in it for appreciation. And no, people already paying that kind of money are not paying 100 bucks more a month for hard wood floors.
kkknotcool completely agree but noobs don’t care about actual numbers and that’s why they’ll never be noobs or pros
@@kkknotcool your talking about rentals Kevin is talking about new homeowners
@@jasonswoger410 New landlord home owners.
@@kkknotcool as purely a rental I agree to some extent on cheaping out but as a builder I could never look back on a band-aid and say I'm proud of that work
Most of the people crapping on this guy might renovate 1-2 times in their life, and are being totally unfair in my opinion.
Let's review what he said:
Vinyl planks are cheaper, look just as nice (when installed correctly), and are waterproof - Totally agree here (I use to literally SELL flooring as a salesman)
Water damage under sink: FIX LEAK, then address the COSMETIC DAMAGE with vinyl tile instead of wasting money replacing cabinet - Yep, agree
Get basic cabinets instead of $1000 distressed cabinets - Um yep agree (why are people are not agreeing with this advice so far)
Take advantage of fiberglass tubs instead of wasting money on tile, that might be prone to incorrect installation - Yep agree! (just look at other youtube videos here dealing with incorrect installation of pan liners)
Don't waste money on expensive front doors, led lights, tankless water heaters, refrigerators, etc... - um yea... agree again! Why price yourself out of a neighborhood? This guy is not talking about $450,000 houses... People buying those houses, will look for those things before buying. But if we're talking about $100,00-200,000 houses... like this guys is STILL replacing all this stuff with brand new fixtures etc.
Don't waste money on pressure washers, and just hire your painter for a small side gig - Yea, totally agree.
Don't waste money on custom granite, buy granite still, just straight from the yard. - Who would disagree with this as advice?
Then he even went so far as to list a few things NOT to skimp on like toilets and smoke detectors.
Honestly, I really don't see ANYTHING here that warrants people saying "Don't buy from this guy". lol
I wonder how many of those same people have ever spoken to a builder about building a new house. Sure, they can put all the fancy stuff in, but it's going to cost you. There is a reason we use to call it "builder's grade" carpet. If you want nicer carpet, then cough up the $$$.
I thought it was interesting to see the few spots on where a pro thought it was better to spend a little more money.
Also, sorry dude, but the criticism for the tacky car decals... yea, that's warranted.
I’m surprised he didn’t go to a second hand materials construction store. We got engineered hardwood (bamboo) for under $3 a square foot that is basically wood flooring and can be rebuffed and refinished to look like new after it’s been scratched up. On top of that the installation is about as easy as laminate flooring. As for tile showers I do agree with not replacing, no point in replacing something that’s fine. If it does need replacing you can just make a tile shower yourself and it would greatly increase the value of the home.
Edit: if you have one in the area I would strongly recommend “second hand” building materials. We have a local charity that accepts any extra building materials contractors or owner had left over so you can get higher quality materials for dirt cheap and sometimes even cheaper than the affordable alternative.
Edit: I do agree about double pain windows, and we spent like $40 on a natural aged solid wood door, I had no clue people spent a few hundred dollars for doors, I don’t think we’ve ever spent $80 on doors.
Edit: we always cheaper out on smoke detectors which probably isn’t a good idea
Edit: if you remodel enough I feel as if a trailer would be a good investment, and at that point you could just dump it all in there rather than getting a large trash bin. To keep stuff from flying out you can just use heavy stuff to weight down lighter objects or tie it down with old carpet and rope
@@walkermorales337 As a rental property owner, I fully agree. Though I'm sure those tacky car stickers bring him a ton of new business. Lol
I think it's all sound advice for rentals and flips, but why go cheap on your own house (video says "new home owners").. especially if you plan to stay awhile?
@@adude3179 Kevin's argument is that you should live in your property for a few years, then move out and rent it to a tenant. I personally prefer to stay in my own house indefinitely and find other homes to rent out.
@@BillyOnTH-cam that's my plan as well
7:05 this man just motorboated a plant
Noob says: I love the new Mercedes Benz. Pro says: get me some of that 1995 Toyota Celica, REV UP YOUR ENGINES!!!!
Yes!!!
That’s right scotty!!
Nice to see im not the only one watching Scotty
Dead
Damn broo can’t afford the g wagon?
This guy is preaching to house flippers everywhere. I fix what the house flippers hacked when my clients live there for a year and everything starts falling apart.
Never trust a guy who tucks a t-shirt into his jeans for remodeling tips.
This
interesting that only 59 people agree with you yet 10k people agree with kevin
Hey now, I tuck my t-shirt into my jeans. How else would my suspenders fit while I'm doing my own remodeling?
@@phazerfourtyseven6431 Yeah because most are subscribers who automatically like the video without doing any critical thinking
@@Ignore14 do u know all 10k people and their way of thinking? nah lol
Thanks so much! This is quite an eye opener!
Noobs be like: "I'm gonna use quality materials and really build out a solid, timeless property"
Pros be like: "Nah man, you know those cheap landlords that drove you to buy your own property because you were tired of surface level fixes? Be like that."
Reinvest into it slowly over time instead of doing it all at once because of your emotions
manictiger BAM, exactly
what's bad about people being driven to buy their own properties?
Hahaha, the LVP switch is real! I just did the same thing. I also haven’t been using carpet ever since going LVP. Tenants think it looks “boujee-er” and it saves me from cleaning the carpet each turnover!
LOL boujee yes!!
LOL even laminate was better than carpet (except if water damaged)
Dang. I have so much more to add to my renovation strategy document!
Awesome vid Kevin, thank you for sharing! Love your channel!
He told you to lay down laminate over a water leak in a cabinet.... Hahaha. Good luck breathing that mold growth he just made in your house!
But you won't see it right away, so it's good enough to sell.
You are an idiot. He said fix the leak and then cover the staining in the cabinet with vinyl tile instead of replacing a perfectly good cabinet for no reason. Obviously, you let the cabinet dry out, the staining is harmless, but people will complain about it. So you can make it look nice with a vinyl tile. I personally think it would be better to use the roll of vinyl that is normally used to line cabinets than vinyl floor tiles, it won't look off that way since it is seamless and it flexes better to fit the surface.
@@jasenrock I cannot believe how retarded some people can be. Mold cannot grow once dried out. There is no water. The only issue left behind is staining on the bottom of the cabinet. Changing an entire cabinet over cosmetic damage is the epitome of stupid. Just line the bottom with vinyl wrap that is normally done for cabinets.
Just because something gets wet, doesn't mean mold is there. Mold from a leaky sink would take probably months to turn into mold unless you're constantly running the sink lol. We're talking drops every use lol even if mold forms, if the leak is fixed and the mold is cleaned with bleach, you're absolutely fine if the wood isn't structurally compromised
@@jasenrock Mold will form from continuous exposure to water and in area that is confined. If a leak is fixed within a reasonable amount of time and you dry it out, mold will not form. If you're concerned about possible mold growth than stick an ozone generator on it.
"Who cares, they hold your dishes that you bought from IKEA."
Hahahah Thank you!!
Kevin this was INCREDIBLY helpful, was literally just at Lowe's yesterday and was confused the whole time. Took notes throughout the video. Thank you!!
Nice! TY!
Awesome Video! Great hearing you talk about REI from your Perspective!
You rock Kevin, so much great info here thank you for sharing! I love #NoobVSPro!
Well by that logic just get a Box of crayons and color over every problem your new house has... ultimate pro tip
Only if renters can’t tell crayon and you won’t have to come back to fix it in less than 5 yrs.
Really enjoy these types of videos. Extremely helpful. Thanks Kevin.
Kevin, this has to be my favorite video. Kudos.
F’ing nailed it, thanks man⚡️
ty!
Thank you so much for this info. You’re on a roll man, the quality of your videos are top-notch.
Omg I need this at this very moment of my life. Thank you.
Thank you for being a Pro Kevin !
Wow, I didn’t know natural gas conversion for grills existed.
My whole house was built buy a “pro” according what what I seen here.
Gcal1956 he still charged you the noob price tho lmao
Are you living in barracks?
Nice video, you actually gave me a few good ideas. It is true a lot of these things we put value on are all in your head.
great vid, dude! watching it for the 2nd time and having my pleasure. Please film more of that on different house stuff, like what you can save a lot of money on. Thx
This was hilarious but also really practical and helpful
Thank you for this. I'm on the path to land ownership for the first time myself and this made me laugh and think at the same time. I used to work in landscaping and was already shaking my head when you mentioned granite tile at the lowes. We used to buy giant slabs of rock to repair stone ground-level porches all the time and I remember seeing the granite there.
Great information! Going to put a lot of it to use on my new rental property. Thank you!
It's being sometime I haven't seen a video of yours completely packed with a lot of great content. Keep it up and thank you!
ty!!!
Beautifully made episode Boss Kevin!!!!! You are a true asset to TH-cam . An asset to your clients and a true asset to the world! Awesome 👍
ty!!
I saw water damage under my sink and was thinking about replacing cabinet, but then saw this video. Great content Kevin!
No, don't listen to his bad advice! You'll end up with mold growing under that vinyl! Since he doesn't know that much, it seems unwise to listen to anything else that he says. You need to remove the water damaged parts.
I agree. If you listen to his comments, he’s obviously not living in these homes. He’s either flipping them or renting them.
I would replace it and then water proof it so it doesn't ruin the cabinet again. Obviously fix the plumbing issue first
I like the info man, I appreciate it.
Good stuff Kevin preciate it.
damn all the stuff you picked out is in my apartment
No one should buy a house without watching all Kevin's videos first 🤷♂️👍🏡
Actually, No one should buy a house without going through the Real Estate Investing Course.
@@leeklinglesmith3427 Have you went through the course?
Chris Invests or you could just not be stupid
@@texasowl5356 wow where did that come from?
Cherry Tung - The Frugal Designer Handbag Lover the real world. Unlike you
Thanks for the video!!!
Wow Kevin great video very informative!! Can you please post more videos like this and also point out in your knowledge good practices in construction! Have a nice day!
Wow, I am a home owner who takes pride in my home DIY projects and This dude is unreal.His shirt should say #Cheap #Cheap#Cheap
@Brendan Pratt Thank you for making that point. I don't understand why people who only want to be homeowners are even watching this.
@@mapuche888 Well to be fair, the title of the video is "Avoid these expensive mistakes every new homeowner makes" so that's why I watched.
His strategies are perfect for rental properties.
I suppose, If you wanna keep replacing stuff.
😂😂😂😂
I've only seen 7 houses before I bought mine. With my little experience I could still tell hardwood and vinyl floor apart...
Not your mom’s vinyl, the new luxury plank vinyl, is VERY hard to tell. I have to get down on my knees and stick my fingernail into it.
Why didn't you just get into a squad position?
Iv always watched your vids but this made me subscribe...
Thanks for good advice
Thank you!!
Funny and very helpful advice!! Thanks!!
YES YES YES. Exactly what I want. I learned TONS. Thank you saint Kevin
How much are you paid to say this? lol
In all seriousness, the sauce should be thicker. You can easily use corn starch or flour as a thickening agent.
The presentation is spot on. The meat looks delicious and the vegetables seem perfectly charred.
Thank you, and I'll definitely try it out in near future!
Exactly my thoughts 😂😂😂
Thanks Kevin! You always deliver great knowledge and content.
ty timmy!
There was so much informational value in this video I watched it twice!!
I’m a professional real estate investor with that said..... this guy is clueless. The trick is to buy the expensive things cheap at warehouses where there is limited stock I buy $5 sqft tile for $1
Where do you find these?
@@Ignore14 search surplus store
@@daviepageviews4521 lolol the "pros" only know about HD and Lowes what is this surplus you speak of, honestly im not gonna name any just cause we need to keep the good stuff in stock for the actual pros hahaha.
This is good advice, especially if you bought a house and you're going to rent it out. If it's your own house, you might want some of the changes to be fancier since you'll be living in it. So it's always good to watch videos like this, but if you plan to live there for a long time, have the money, and you want USB outlets or a nicer light fixture or whatever, go for it. Just use your discretion.
Or you can just not horde human necessities for financial gain.
This video format is AWESOME!!!
First thing I did when moving in was out with the boob lights! Basically spent the first two years fixing what the "pros" did. These videos are good for learning what to do the exact opposite of.
These videos are very engaging!
Amazing content and great entertainment just in one video 🔥
I’m a GC in SoCal and this made me cringe. I understand getting the most profit for a house but good lord man.
As a GC, (not an owner) you get paid more to make it expensive, obviously. Good Lord.
Yea, I tend to find deals, yard sales, sales, and do it all myself. This is a great video. Thank you
Thank you!!
Ive been watching these "pros vs noobs" playlist and im learning so much... makes me want to buy the real estate course!
This video settles it. Never buying a house from Kevin.
He’s don’t sell his income property anyway-so ya can’t. buy it.
I wish you would clarify these tips are based on renting the place, not if you plan to make it your own for 10+ years.
He put it in the description.
I'm starting to catch on more and more to your Runescape knowledge. Love it.
The washer and dryer had me in tears!!!! 😂😂😂😂😂😂. But thanks for the advice.
The $70 toilet from Home Depot works great.
In the 70's, home owners "invested" in cheap orange shag carpet and plastic wood paneling. If you have the money, do it right. If you don't, do what Kevin is suggesting.
Loved this, please keep it up!
Solid no b.s. advice!! Great job!
Closing escrow in 6 days. Thanks bro.....I won’t sue you now
A month and a half in. How many problems have you found
This just feels like a runescape tuber living irl
bingo. world 2 fally
Good video Kevin, you're definitely a pro. Thank you
Yea pro-tender
SIMPLY AWESOME BRO THANK YOU
This dude is drowning in debt. You can see it on his face 🌧
Correct, the good debt.
Yeah like the Tesla, “good debt”
Yeah if your debt charges 4% interest but that cash you put in is giving you a 10% profit plus equity, you are winning
Brendan Pratt I’m talking about his Tesla and his personal residence genius. How many rentals do you own?
@@JH-in5oq His Tesla is paid for by his investments and his personal residence is a duplex he house hacks
I've been remodeling and fixing up my rentals for decades. Your ideas are absolutely on point. When I am faced with decisions on fixing up a rental where the cost is less vs more - I always ask myself: Which choice ends up making me more money?
I recently remodeled a house that is days away from closing and for the kitchen cabinets I got them at a local Habitat for Humanity store. I did the whole kitchen with maple cabinets with brass hardware for... 200 bucks. I could have spent 2k easily on new and NOT recouped my full 2k. Easy choice. There are often good deals on cabinets on Craigslist etc. Rich people love to replace and remodel perfectly nice places. I reap the reward.
Keep up the good videos.
Nice job Kirk!!
what do you mean can you elaborate pls
Hey Kev great video! Quick question, I have a new rental house that I'm remodeling, however it doesn't have central a/c, do you suggest I put one in which gonna cost about $6000 including everything, or should I just stick with the wall a/c in each room like it used to be?? tks!!
I recently replaced my front door. The frame was bowing and there was a gap at the top. I know for energy purposes weather stripping could solve the issue but I’d still know. Got mine installed for 2k. What a lot won’t tell you is if you buy the door with color on it costs about an additional grand. Yes I had to paint mine for $20 and and about 2 hours of my time. I doubt it will add much value in resale but it will add value to me not looking at it 😂
By “pro investors” he mean tasteless cheapskate home flippers (that the next home owner will have to undo, repair or replace all of their crappy Home Depot finishes).
That was clearly Lowes in that video.
Tell me what he said in this video would require such fixes?
Your confusing personal preference to how long something will last.
There is no next homeowner. He keeps em forever for rental cash
Charlie from Its Always Sunny In Philadelphia got into real estate i see.
Love your vids, just bought our first foreclosure investment house... all your info definitely helped us get a great deal in the wedge ! Thanks from Alaska
Nice!!!! CONGRATS!
Love these types of vids!
Thanks JustinTime!
There is a difference being cheap and being frugal
This guy is 10000% being frugal and is really smart.
I do the exact same thing in the UK on my property flips.
I buy stuff that looks good and is the cheaper alternative.
After all you're in it to make money if someone is happy with the product they are getting they will buy my house.
Instead of doing 2 flips and making £70,000
You can do one and make upwards of £80,000 if done correctly
My current flip is £135,000 profit!!
These noobs vs pro videos are awesome.. It's nice Insight
You really are on a roll...this one is great
0:45 - Quick note about dealing with water damage under sinks/vanities/cabinets. As he said, deal with the leak, but one thing he didn't mention was the possibility of mold growth. If you catch the leak right away and have it professionally dried within 1-3 days, you likely won't have to worry about mold. But if it's an issue with an unknown starting date, you should probably just assume that it's mold and call someone to come out and perform a mold inspection on the entire property (you never know what you or another inspector might have missed), which costs about $200 on average if they're genuine experts and not just licensed amateurs.
I wanted to point this out because as a mold and water damage restoration professional in SoCal, I very frequently come upon severe mold issues that are the result of improper remediation efforts (i.e. cutting out wet and/or moldy drywall/cabinets, wiping everything down with bleach, running a handful of basic box fans on the area for a few days and then building it all back) which ends up exacerbating the problem over time because the mold wasn't properly dealt with and ended up growing into something that can destroy entire rooms and sections of homes if left undealt with.
I know that Kevin is surely aware of all of this, but wanted to leave a comment to the curious in hopes of saving someone else some time and money some day. Good luck.
Great added insight! Q: Why does the mold keep growing on people when the leak stops? Or is it the remaining spores
The flowers advise is epic. Jajaja
haah ty
You know, there *is* a point to "you get what you pay for..."
I love this video lol. Thank you!
When I tore up a bedroom maybe 8 or 9 years ago I bought a 8 dollar light fixture from Home Depot. Still works, same light, works great. Doesnt even really get dirty.
This is actually really true. Builder grade everything when flipping. Don't spend a dime more than you have to.
Kevin your shirt is LITTTT 🔥🔥🔥
very helpful thanks
Really great video! You're awesome Kevin
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LOL
Now when I go into a Home improvement store... I will see everything differently. THANKS Man 👍😊!!!
This is amazing!. Whatever people say, for me this was enjoyable and very valuable
I like the tips, some good information in there! I've encountered a few of these myself.