Image 1 — North Jersey: $9.8k vs $15k–$20k estimate for replacing main beam and sill plate in a 1925 home. What am I missing here?
Image 2 — North Jersey: $9.8k vs $15k–$20k estimate for replacing main beam and sill plate in a 1925 home. What am I missing here?
▲ 2 r/HomeInspections+1 crossposts

North Jersey: $9.8k vs $15k–$20k estimate for replacing main beam and sill plate in a 1925 home. What am I missing here?

*Disclaimer: I used Gemini to organize my thoughts and the information for readability.

Hey everyone,

We are under contract on a 1925 two-story colonial in Northern NJ. During inspection, significant insect infestation/damage was found in the basement structural framing.

We hired a structural engineer who estimated a budget of $15,000–$20,000 for structural remediation. The sellers provided a contractor quote based on their engineer’s report that came in at $9,100.

Looking closely at both documents, the core scope of work is almost identical:

  • Replace ~12 ft insect-damaged flush beam with a new engineered lumber (LVL) beam.
  • Replace ~15 ft of infested sill plate with pressure-treated lumber between the main/adjacent basement.
  • Remove and replace/sister 2–3 infested floor joists under the dining room.
  • Temporary shoring of first-floor framing, site cleanup, and debris removal.
  • Both exclude finished hardwood flooring repairs in the dining room.

The catch on the $9.1k contractor quote:

  1. It explicitly states: "Please note any concealed-condition and permits/inspection fees are not-included in the total. It is not anticipated there are any permit fees being this is a repair."
  2. Termite treatment/monitoring is handled under a separate contract.

Questions:

  1. Is it realistic to claim that replacing a 12' flush beam, 15' sill plate, and floor joists in New Jersey does NOT require municipal permits or inspection fees?
  2. Given the "concealed conditions" exclusion, how often do these jobs blow past the initial $9.1k bid once you open up the framing and subfloor?
  3. Does $15k–$20k sound like a realistic real-world total once permits, engineering sign-offs, and unforeseen damage are factored in?
u/darkchocolattemocha — 9 days ago

Is it illegal for me to post inspection reports on a house I backed out of?

Sellers and listing agent withheld major issues from us. Previous buyer backed out because of "loan issues". I just paid $1300 to do a full inspection only to find major structural issues. Apparently, the previous inspection came out squeaky clean. Idk which blind ahole they hired for the inspection.

So would be ok for me to post inspection results online with the address because I wish I knew before throwing so much money at this deal.

EDIT: Why does everyone (assuming realtors) keep telling me to give sellers and listing agent a copy of it? Are you saying that they will have the integrity to disclose major issues in their house? They have to cut 100k+ off the price of the house. And seeing how dishonest agents are, I'm not sure that'll accomplish anything.

Anyways, I've decided not to do anything and simply file a complaint with the board

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u/darkchocolattemocha — 1 month ago

Is it true that everyone is lying about putting down more cash?

My neighbor gave me an advice after I told him I keep getting outbid. He basically told me to offer 50% down payment in the offer but once it's accepted I can just tell my lender that I got 10% and it'll be ok?

Apparently he bought his Brooklyn 3 family by offering 50% cash on a 1.2mil but only put 10% lol. What???

reddit.com
u/darkchocolattemocha — 1 month ago

7% for conventional in North Jersey... Is this crazy?

Used this lender in 2019 so decided to go with them and didn't shop. Just signed contract and I got this estimate. Is it too late?

Credit score is 720

u/darkchocolattemocha — 1 month ago
▲ 8 r/MortgageRates+3 crossposts

FHA vs. Conventional: Does FHA make sense for a 5-year horizon with extra principal payments? ($495k Purchase / $425k Loan

​

Looking for feedback on two financing routes for a house purchase in North NJ. The seller is giving us $10k in closing credits. This is a starter home so not sure how long we will stay here. May be 5 years? We also plan to pay extra towards principal each month as much as we can.

We are putting down 70k. I used Gemini to summarize all this because I received an image of the comparison and can't post images here.

The Options:

* Option 1: FHA Loan

* Rate: 5.875% (paying $8,500 / 2 discount points)

* Initial Payment: ~$2,738/mo

* MIP Drop: Drops to ~$2,558/mo at Year 11

* Upfront Cost: Requires 1.75% mandatory Upfront MIP (~$7,437) rolled into the loan balance

* Option 2: Conventional Loan

* Rate: 6.625% (paying $8,500 / 2 discount points)

* Initial Payment: ~$2,771/mo

* PMI Drop: Drops to ~$2,721/mo automatically around Year 6–7 once reaching 20% equity (or faster with extra principal payments)

Our Dilemma:

FHA starts $33/mo cheaper initially but spending $8,500 upfront on rate discount points feels risky since the break-even on a $33/mo savings takes over 20 years.

Questions:

* Given our goal to pay down principal fast, isn't Conventional better since extra payments directly speed up PMI removal?

* Is paying $8,500 in points worth it if we might refinance or move within 5 years? Or should we use the $10k seller credit toward general closing costs instead?

Also, is that conventional rate too high? I'm using a lender here in North Jersey. Wondering if I should contact a broker or is it too late since offer is accepted.

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u/darkchocolattemocha — 1 month ago
▲ 131 r/newjersey

I'm exhausted with this home search...

We've been looking in North Jersey and it's been exhausting driving to open house every weekend, speaking to scummy listing agents who won't disclose everything and then eventually getting outbid.

Someone please tell me how a 101 year old single family house with an oil tank, ancient kitchen, ancient bathroom, ancient carpets get listed for $500k.

I'm just trying to start a family man.

reddit.com
u/darkchocolattemocha — 1 month ago

Why did you choose a single family house instead of a multi?

Given how high the demand is not housing in NJ, why didn't you buy a 2 family for example where you could rent it out? Or even rent out the basement and pay nothing towards the mortgage since everything is covered by the rent?

reddit.com
u/darkchocolattemocha — 2 months ago

South Plainfield, Piscataway or Edison?

We're looking for 3 bed homes with low taxes, good/great elementary and middle schools and a diverse community. We are both south Asian (Bangladesh).

All 3 seems comparable but Piscataway schools seem to be the best according to great schools. We have a little one so for now just care about elementary and middle school.

reddit.com
u/darkchocolattemocha — 2 months ago

Does Pequannock Twp get flooded a lot? How bad is it?

Looking at a few houses which are priced high despite being in a special high risk flood zone. How much does flood insurance cost for that area? Would you buy in this neighborhood?

reddit.com
u/darkchocolattemocha — 2 months ago

Everyone always says, "look at volume at key levels or breakouts. Does volume support it." Can someone show a chart example of what this really means?

When I look at the Volume on Trading View, the bars don't tell me any story. I usually see big spikes at the end of a move.

reddit.com
u/darkchocolattemocha — 2 months ago

I feel like no one seems to be able to answer this question straight.

How do you know it’s an about to be a trend day by 10amEST? What are some signs? Break of 1 hour range?

reddit.com
u/darkchocolattemocha — 2 months ago

Every furu on X just somehow saw the MRNA move before it happened lmao

They're retweeting posts from last year, from January, "we caught the move when we saw price move over HMA", "my gex tool knew before everyone", "my discord printing today, we knew first"

To all you furus out there, GTFO.

reddit.com
u/darkchocolattemocha — 2 months ago

Lake Hiawatha area or Somerset?

I'm looking for a house in either of these regions as they kind of fit my budget.

I'm just using the towns as reference but looking around 5-10 mile radius of both.

I want a good elementary school system, no oil tanks, high diversity and low taxes. What would you recommend?

reddit.com
u/darkchocolattemocha — 2 months ago

How to choose a law office for an accident case?

Without going too much into the details, I t-boned a car after the driver ran a stop, crossed the opposing lane to which I was driving and came into my lane out of nowhere.

I got a ton of letters from different law offices along with the police report. Idk if I even have a case. I was hospitalized, have a herniated disc. Overall I feel fine, just my back aches if I drive for too long now.

Question is, how do I choose a lawyer or law office? Google reviews?

reddit.com
u/darkchocolattemocha — 2 months ago

Reserved parking for new and expecting mothers. So cool.

Have these always existed or am I only noticing them now because my wife is pregnant?

u/darkchocolattemocha — 2 months ago