Author Topic: My new shop  (Read 155 times)

Carpenter84

My new shop
« on: May 19, 2019, 12:54:54 PM »
I have been talking about the potential of a new shop space. It's going to be a long road. I figure since I'm finally actually starting, I'll document it.

This space is the backside of one of the barns (an airplane hanger, actually) on a friend's property.
The gentleman who used to reside in this space used it as a recycling business....

It's gonna be a long road...

(The picture shows us dragging that van out. )

It's FULL of garbage. But a hint... This is the farmhouse Ivr mentioned from time to time. The whole property looks like this....

Once clean, I'll close the front side in. Frame all the walls and ceiling and insulate, and board. Electrical will be run, lighting. I may do concrete pads/repairs as needed as some areas are okay, some are not. Others I literally cannot see.
I've gotten the $5000-$6000 green light from the Warden because building a new shed/shop in the backyard would cost more. And she wants the basement finished and my woodshop is down there and has to go somewhere. So, it will all come here.

Thretal shop will go where the floor is the least damaged. The woodshop will go where the floor is the worst as I will build a platform (wood shop has the least weight), then bench/welding/tools/etc area will likely be in the lower area in the back. But nothing had been decided. It's all dependant on how bad the concrete pad is in each area.

Shawn

First 9x42 column mill,
Enterprise 10x28 lathe,
Ko Lee 6x12 surface grinder,
Airco dip/stick 160 welder,
Fully stocked wood shop.

ddickey

Re: My new shop
« Reply #1 on: May 19, 2019, 02:09:08 PM »
How far away from your house is this?

Carpenter84

Re: My new shop
« Reply #2 on: May 19, 2019, 03:04:43 PM »
10 mins.

I know... I'd muuuuch rather my shop at my home, but it's just not feasible. We need to finish the basement so the kiddo has somewhere to play, and I've completely outgrown my one car garage shop.
Shawn

First 9x42 column mill,
Enterprise 10x28 lathe,
Ko Lee 6x12 surface grinder,
Airco dip/stick 160 welder,
Fully stocked wood shop.

ddickey

Re: My new shop
« Reply #3 on: May 19, 2019, 03:09:45 PM »
I've outgrown mine to but I have 400sqft. Housing around here is crazy high and land is even worse. Talking $50,000 for 1/2 acre if you're lucky.

Carpenter84

Re: My new shop
« Reply #4 on: May 19, 2019, 03:36:19 PM »
Lol. 50k for a 1/2 acre?

I could easily spend $350,000 for a 100'x120' lot. IF there were any... There's three custom House builders that have been snatching up every plot of land available, even the crap ones.

My father in-law just sold his rental property in the outskirts. The house is a total tear down, totally worthless. $450,000 for 1/4 acre.

I posted a photo of my house this morning. With the yard and gardens done up. 2004 build, 1625 sq/f lot is 80'x120", biggest lot on the street due to the corner. I'd sell tomorrow for $515,000. Housing is out of control here... property taxes are $4700 a year.
« Last Edit: May 19, 2019, 03:39:22 PM by Carpenter84 »
Shawn

First 9x42 column mill,
Enterprise 10x28 lathe,
Ko Lee 6x12 surface grinder,
Airco dip/stick 160 welder,
Fully stocked wood shop.

ddickey

Re: My new shop
« Reply #5 on: May 19, 2019, 04:29:20 PM »
Huh? My Goodness. Collapse is coming.

Carpenter84

Re: My new shop
« Reply #6 on: May 19, 2019, 04:51:55 PM »
If our interest rates go up half a percent, there will be so many people that lose their houses. Our interest rates are very low. So the prices are nuts... I think we're 2.9 or 3.1% I can't remember. It just went down actually. But the house prices are sooooooo high that buying your first home now is nearly impossible... What first time buyer can put together a $75,000 downpayment??

There was a housing explosion about 5 years ago where prices went up $100,000-150,000. We slipped right in under the rug. Bought in 2012 for 298,000
Shawn

First 9x42 column mill,
Enterprise 10x28 lathe,
Ko Lee 6x12 surface grinder,
Airco dip/stick 160 welder,
Fully stocked wood shop.

PJB

Re: My new shop
« Reply #7 on: May 19, 2019, 06:25:33 PM »
Lol. 50k for a 1/2 acre?

I could easily spend $350,000 for a 100'x120' lot. IF there were any... There's three custom House builders that have been snatching up every plot of land available, even the crap ones.

My father in-law just sold his rental property in the outskirts. The house is a total tear down, totally worthless. $450,000 for 1/4 acre.

I posted a photo of my house this morning. With the yard and gardens done up. 2004 build, 1625 sq/f lot is 80'x120", biggest lot on the street due to the corner. I'd sell tomorrow for $515,000. Housing is out of control here... property taxes are $4700 a year.
$450k for a 1/4 acre sounds like a case of location location location.   Thereís always a supply and demand factor.    Is this in or near a large metro?  But at least your property taxes are low.   Here you would pay $14k on 500k valuation.   This is why people are packing up leaving IL as soon as they are able to.
Which reminds me I have to go and pay 1st installment by 6/1
Wanna trade

I want what yooz gots

Carpenter84

Re: My new shop
« Reply #8 on: May 19, 2019, 07:27:26 PM »
Lol. 50k for a 1/2 acre?

I could easily spend $350,000 for a 100'x120' lot. IF there were any... There's three custom House builders that have been snatching up every plot of land available, even the crap ones.

My father in-law just sold his rental property in the outskirts. The house is a total tear down, totally worthless. $450,000 for 1/4 acre.

I posted a photo of my house this morning. With the yard and gardens done up. 2004 build, 1625 sq/f lot is 80'x120", biggest lot on the street due to the corner. I'd sell tomorrow for $515,000. Housing is out of control here... property taxes are $4700 a year.
$450k for a 1/4 acre sounds like a case of location location location.   Thereís always a supply and demand factor.    Is this in or near a large metro?  But at least your property taxes are low.   Here you would pay $14k on 500k valuation.   This is why people are packing up leaving IL as soon as they are able to.
Which reminds me I have to go and pay 1st installment by 6/1
Wanna trade



Whatís your lot size? That is a lot in taxes, but the cost of housing does offset that, I suppose. When I bought my taxes were 3600 a year, which was pretty standard for the area. Itís gone up a lot....
I am almost an hour outside of Toronto. But the real estate boomed because so many people who lived in Toronto moved east because it was cheaper. But the real estate agents and foreign buyers started driving the prices up. Our houses are hugely inflated. Thereís absolutely no way my house should be $515,000.

The inflation in the GTA has gone nuts. And of course, the incomes have not kept up with the cost of living, at all...
my wife and I do well (not rich, but my hobbies are expensive and the boy is spoiled), she makes a lot more money than I. but she was very sick when the boy was born and couldnít work for over a year. We managed on my income. If we bought now and went through the same, thereís no question I would have lost my house, or would be in huge debt to a family member (her parents)...
Shawn

First 9x42 column mill,
Enterprise 10x28 lathe,
Ko Lee 6x12 surface grinder,
Airco dip/stick 160 welder,
Fully stocked wood shop.

PJB

Re: My new shop
« Reply #9 on: May 20, 2019, 12:25:11 AM »
Its like 1/3 acre.   
Will be cool to see what the Barn looks like after you get it cleaned  up.   
I want what yooz gots