We have come to the conclusion that, even though this was a nice project to do, we ran into some issues that have put us on the verge of not being very profitable.
I guess it’s a risk you run with these things…
But everything took longer and ended up costing more than we anticipated. Not only that, but we some unforeseen things – like I said- for example we had to put a new furnace in, A/C repair, and the basement took longer and was more expensive than we anticipated.
So – even though the final figures aren’t in… it’s gonna be a close one. What’s worse, the partners are willing to price the house higher than market, in hopes of finding a fool that will pay it and recoup some lost profits. No, I don’t find the sense in that. The fact is, market price is market price, and that strategy will only use up more time and cost more, having to lower the price to “market” in a couple months, anyway.
Oh well…
I’ll be putting up some new pictures in the next few days – of the finished product. Looks really nice…