Meeting Summary for Virtual Project Walkthrough: Auburn Gresham 2-unit Full Renovation 3/1
Quick recap
Jonathan and Dev, from Quality Builders, discussed ongoing renovation projects in various Chicago neighborhoods, including Little Village and Wicker Park, and shared insights on project management, zoning, and permitting processes. They highlighted the company's focus on working with homeowners and investors, their technology-driven estimate process, and their support for the True Value Boys and Girls Club. The meeting also covered upcoming walkthroughs, lessons learned from recent projects, and the importance of understanding local regulations for multi-unit properties and coach houses.
Next steps
- Dev to complete remaining punch list items on 1st and 2nd floors within 1-2 weeks.
- Dev to oversee completion of basement unit within approximately 1 month.
- Quality Builders team to install handrails and stair railings.
- Quality Builders team to finish connecting appliances and ensure they are functioning properly.
- Quality Builders team to install receptacle covers throughout the units.
- Quality Builders team to complete finished plumbing, including installing faucets, toilets, and showers.
- Quality Builders team to install baseboards where needed.
- Quality Builders team to install metal railings.
- Quality Builders team to install LVP and nose trim on stairs.
Summary
Project Updates and Weekend Plans
In the meeting, Jonathan and Dev discussed their current projects and locations. Jonathan mentioned that he was in Logan Square and was planning a trip to Wisconsin. Dev was on site in Little Village. They also discussed a project in Englewood and another in Auburn Gresham. Jonathan asked about everyone's weekend plans and mentioned that they were nearing the end of their current project. He also invited Titan to join the meeting and asked for his location.
Quality Builders 203K Homestyle Walkthrough
Jonathan, the founder of Quality Builders, a General Contractor company, held a virtual walkthrough for a 203K Homestyle renovation loan project. He introduced the on-site team, including Dev Patel, the project manager, and emphasized their focus on working with homeowners, investors, and house hackers. He shared lessons learned and tips for navigating zoning, permitting, and architectural plans. The company supports the True Value Boys and Girls Club, aiming to raise $10,000 for the Youth of the Year program. Jonathan also discussed their new technology-driven estimate process and the recent addition of a designer to enhance their services. He encouraged participants to ask questions in the chat and to consider donating to the True Value Boys and Girls Club.
Little Village Project Update and Costs
Jonathan and Dev discussed an ongoing project in Little Village, a 3-unit building that they took over when framing was completed but without any passed inspections. The project involves a full gut renovation, including new underground plumbing and a basement renovation. The basement has two bedrooms, one bathroom, and a utility room. Jonathan mentioned that the project was initially estimated to take 5 to 7 months but has been slightly delayed due to the underground plumbing work and inspections. The overall cost is estimated to be around $300 to $400,000. They also discussed the possibility of pouring a new concrete slab and footing, which sometimes allows for a lower foundation.
Project Unit Layout and Features
Jonathan and Dev discussed the layout and features of a unit in a project. They noted the presence of a kitchen, living room, bedrooms, and a powder room, with the owner's unit being on the top floor. The unit had cabinets and appliances installed, with a darker, grayer look that Jonathan found impressive. Dev agreed, mentioning the finishing touches and the quality of the windows and lighting. They also discussed the necessity of a closet and a minimum of 70 square feet to be considered a bedroom, with Jonathan clarifying that this is a requirement for appraisers.
Walkthroughs & Lessons Learned Discussed
In the meeting, Jonathan discussed the upcoming walkthroughs and a project in Wicker Park. He also clarified that a $2 or $3K loan could be used to build a coach house, even if the property doesn't already have one in the back. However, he warned that coach houses can be more expensive than expected. Dev's shared lessons learned from a project in Little Village, including the importance of vetting contractors and the challenges of inspections. Jonathan also mentioned the company's certification as a $2 or $3K contractor and the upcoming in-person walkthrough at a loft conversion project in Elgin. He emphasized the importance of understanding the permit process, especially for multi-unit properties in Chicago, and offered help with any questions about zoning and renovations.
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