Abandoned Warehouse Renovation 💰💰 Full Cost Breakdown

[@20Millzie07]

How much did you make on KZbin so we can understand the full profit? 😅

[@modustrial]

KZbin is my job...I make videos for a living and each one takes 40-60 hours on top of the time spent doing the renovation...It is not a cost or a savings in the renovation. You're basically asking to see my tax returns... Don't get me wrong, I'm very grateful for everyone that watches, and the life that KZbin allows me to have, but there is a line to how much of my personal life I'm willing to share.

[@gzubeck3]

@@modustrial Instead of giving actual numbers can you just say that with You tube revenue plus your commercial sponsors was it worth it to you to do all this work yourself over 4 years. In other words do you feel better off selling your old place and renovating the new place and in a better place fiscally?

[@modustrial]

Thats not really how it should be looked at... I quit my job as an attorney to make KZbin videos full time, and the first part of my life as a KZbinr was spent documenting this renovation. Would I have made more as an attorney? Yes. But am I happier doing things I'm passionate about instead? 💯 Yes.

[@modustrial]

Ha, fair enough. Thank you!! And please do feel free to comment. I didn't mean to come off as angry... Your comment was not over the line whether joking or not. There were many others saying the same thing in a less tactful way. I chose this one to respond to and pin since I felt it was stated in a nice way 😃

[@applehonker]

@@20Millzie07 I don't think you understand the hypocrisy in telling someone not to get defensive, whilst getting defensive and saying "Won't be commenting again" because you got a factual reply instead of a high five for a "joke" that has been made hundreds of times before...

[@Gravedigger933]

4:12 Having done electrical work for over 20 years, I can tell you, that starting over was the way to go. Trying to retrofit stuff rarely works out.

[@patrickp8315]

Easier to start over but way more expensive. Not many people can do what this guy did.

[@andyatmosphere]

Agreed!

[@donphillips5957]

Awesome job. Thoughts: zoning. Is the building taxed as a commercial space? Plumbing: I was fascinated seeing how the iron pipe is assembled, I had no idea that it's effectively welded together. Electrical: I've been in many old commercial buildings trying to figure out where each circuit runs, what's connected, etc, with 50 or more years of different residents, outdated equipment, and amateur installations, you do get to a point where starting from scratch is best.

[@simoneconsciousobserver3105]

This reno was definitely incredible to watch. I am thrilled that you are already coming out ahead

[@modustrial]

Thank you!

[@ericng8811]

If you can buy up the whole block (or get some investors to support your project) and renovate it, you probably will be able to make the surrounding building price go up. Good luck and amazing content and channel.

[@_weilah_]

Amazing work! Thanks for sharing all the info in a transparent way which help put things in perspective. You are a super inspiration for a lot of us

[@modustrial]

Thank you!

[@MrDraxz]

Hard to sell Commercial/Residential mix real estate too cause most residents don't like to mess with commercial loans/financing.

[@attention_shopping]

this is worth way more -- so nice and recently upgraded. great video

[@andyatmosphere]

I really enjoy watching crazy ideas come to life.

[@Elpacto16]

It's crazy that my bone stock builders elevation condo in toronto canada at 800 sqft is worth the same as this place when it was all finished (even with the dollar conversion).

[@RPM-sr2gn]

Wow!! Fantastic job...Good luck to you.

[@Allcyon]

$950k??? Dude, Chicago is cheap. That's a 2.3M dollar property.

[@andrewjames2808]

I thought I had water on my screen with all the rumbles lol

[@Stephen_A.]

You've done good !! 🥰

[@modustrial]

Thanks!

[@Stephen_A.]

@@modustrial This journey was really amazing. So glad I am here for it all. 💙

[@spicynomad]

put in a lift to the roof. that will make it more appealing.

[@kronix1341]

The fact that the cost of the whole renovation 687,340 + the DIY savings 263,800 is literally equal to 951,140 pretty much being the exact price the realtors came up with is pretty surprising.

[@robbertmadden1386]

Yeah so he broke even, right.?

[@GreatScottJ]

@@robbertmadden1386no. He saved $260k+ - if everything was hired out he would have broke even

[@derschwarzbrennerausdember8746]

@@robbertmadden1386 If he didn´t do the DIY yeah.

[@d.pollard5962]

Not really, by doing all the work in savings he kept that money and not being upside down he pays taxes on a space that could have been 30% higher without the labor/cost savings. It is worth 1.5 million in most places I think. Let's see how the tax accessor values it???​@@robbertmadden1386

[@maxidaho]

@@robbertmadden1386 It's still in Chicago.

[@thehoov6672]

As an attorney... He was shocked by the cost of an architect...?!! Well in all my days. The pot calling the kettle black... 😂

[@modustrial]

🤣

[@hapaise2924]

This is actually sooo insane, i literally been watching since u started this like ep 5 or 6 and literally watched every single eposide, i cant beleive its even been 4 years. holy

[@modustrial]

Thanks!!!

[@simonstrindberg]

Totally agree, four years has really passed by fast 💨😅! Thanks for all the videos!

[@CATUTZZ]

Same here , good job

[@matthewjones8322]

I know. I remember watching during the height of COVID. Time flies.

[@ryansong3824]

Same here, I bought my place during Covid and I been watching this channel since then. 😅

[@PaddyBL]

This guy is a great influencer. This isn't a stupid idea at all.

[@modustrial]

Thank you!!

[@maxidaho]

I think you seriously under estimated the cost savings for finish trim installation. Nice place. Good job. This video clearly illustrates that renovating an old building into your home is neither cheap or easy.

[@SlowhandGreg]

I built my kitchen cabinets myself out of ply, the thing with them is you can keep painting and refinishing them as many times as you want, did a variation on his larder cabinets. I don't have a workshop either some stuff was precut at the wood yard but must was done using only a tracksaw

[@slimechunker00]

Love the transparancy about all the KZbinr cost savings

[@ColoredGayngels]

Same. I'd also be interested to see how much was recuperated via KZbin monetization as well

[@steveschlackman4503]

You are the only major renovation that I've seen that has spoken realistically about costs.Every other renovation treats costs are a magical mystery.

[@mysterioanonymous3206]

Yeah of course, because you let people know what your financial situation looks like. Except this guy who was a lawyer, where the building doesn't reflect his entire net worth, so he doesn't care.

[@Swinky88]

I was literally going to the comments to say this, so many times when the 'estimates' are laid out, they are totally unrealistic.

[@vapeurdepisse]

Nothing realistic about these costs. They are massively underestimated

[@Rhaspun]

He did a good job of estimating the cost of renovation. The amount over the budget wasn't that bad at all.

[@brianfarrelly7151]

Declan, your real cost was close to the professional valuation but your finishes are streets ahead of trade finishes and there’s no doubt that you have an exceptional property. How could you not love it ! Congratulations on your completion.

[@modustrial]

thank you!

[@Abicated]

Lol, streets ahead.

[@declangallagher1448]

Total Cost - $687,340 DIY savings- $263,800 Estate agents valuation $959,000

[@jpp7783]

That’s really not so much profit as it might sound, when one spreads it over 4 years.

[@raghavendrashekhawat3249]

@@jpp7783 Money from youtube vids too buddy, overall its pretty good.

[@zh4k]

KZbin Profits: millions!

[@egdm1235]

​@@jpp7783 Plus he counted his own time as profit against hired help, but didn't value the opportunity cost of his own time working as a lawyer.​

[@chase.wilson]

For anyone who's calculating profit, you don't get to count your DIY savings as profit if you're calculating this as an investment. The reason being he could have been doing the exact same work over a period of time which would have generated the same income. So in this case you have to take that savings and amortize that over 4 years. Which means he was only paid $5.5k/mo (or $35/hr) to do the build. For example he even said charged $16k for similar doors; Odds are if he JUST did doors over 4 years, he'd have made double that per month after you amoritize the net. It obviously get's a little grey since these videos are his real job. So he's actually taking double salary: 1) Construction Labor ($35/hr) 2) Video Production (what ever he earns against the videos). And the two jobs depend on each other. We wouldn't watch these videos if he had hired contractors for all the finishings, and he wouldn't be doing the labor if he wasn't making these videos. This is easier to understand if you think of him making, say, video-production centric videos on youtube - which garnered similar views/earnings (a la Potato Jet). And if that was his primary job, but he decided to renovate this building on the side as spec-job/investment. He wouldn't have done the labor himself, and it would be a pure investment. So in terms of investment, he spent $951,000 and this property has an estimated value of $950,000. That's a $1000 loss. If he had invested the exact same amount of money in the S&P 500 in 2020, his net profit would be $958,789 If he had invested the exact same amount of money in the S&P 500 in 2023, his net profit would be $237,750 If he had invested just the initial principal (building acquisition) into the S&P 500 ($350,000), his net profit would be $354,975 So in pure investment terms, He's earned a substantial loss when you include conservative opportunity costs. There's other factors you can easily apply here as well. For instance he loves doing this kind of stuff. He's building a brand in tandum which is the actual investment. His video production earnings well out-earned that $958,000 profit. My only real question is why hasn't the property appreciated in-it-of-itself over 4 years? If he had simply bought a single-family-home and never even touched it, it would have appreciated over that time. Almost all property have moved up something like 5-6% YOY.

[@piero17sb]

Been here since the first video, amazing journey, probs my favorite series to follow this past few years.

[@modustrial]

thank you!

[@Skym0nsta]

huge fan from taiwan. after watching your videos I tried to DIY my own house here after moving back to taiwan...its not easy at all~~~. so happy to see you making such a great recovery from the illness.

[@modustrial]

Thank you!! 🙏

[@ericschmit7502]

What neighborhood in Chicago? Estimate seems low.. This would be 3m in other big cities

[@dascandy]

Yeah, my initial guess was $2.5M.

[@Joe11100]

It's in the hood

[@explodeder]

I know exactly where this is. If you know Chicago, it’s not hard to figure out from the exterior shots. It’s in a decent neighborhood on the north side off of a fairly busy street. I’m honestly surprised it wasn’t at least valued at 1.5m, with both the residential and commercial spaces.

[@kylebryan6019]

Mayfair / Albany Park (the address is shown in the video). Not one of the trendy neighborhoods, but by no means a bad area. Walkable to the blue line and elston while commerical is a nice street.

[@YouTube_can_ESAD]

@@Joe11100No it’s not, clown. I know exactly where this is, definitely NOT the hood. 🤣👉🏽🤡

[@ConeMan1212]

Cast iron plumbing is a pretty common requirement in commercial buildings, but everywhere else in the US allows rubber "no-hub" fittings instead lead joints which makes the install about as fast as PVC. Chicago has a pilot program to allow them, but it hasn't been rolled out to the whole city yet unfortunately

[@modustrial]

That would be so nice!

[@royalt8ter976]

Des Moines Iowa has the cast iron but allows the rubber.

[@rafezetter8003]

Crazy thing is the lead "seals" don't allow for any expansion - whereas the rubber ones do, it's actually a less efficient, more problematic system to use lead.

[@glenziga7464]

Cast iron is required due to sewer rats. I watch a plumber in New York that mentioned this. The rats can easily chew through PVC so the major cities only use cast iron for this reason.

[@ConeMan1212]

@@glenziga7464 PVC is allowed underground, the problem with PVC is that it burns so it's not allowed where it could contribute to a fire in a commercial building. Being rat proof is just a bonus to being fireproof

[@minischembri9893]

YOU ! You made me watch your renovation project for TWO HOURS ! And I am not even American ! And I am not even male ! And I am not even young ! And you made me subscibe and like and watch this as well !! GOOD JOB!! 🖤❤🧡 😊

[@modustrial]

ha, thank you!! 🙏🙏

[@rhetoricaloracle2185]

I've installed 6 of those Mr. Cool units in my business. Saved me THOUSANDS. Love those things. Highly recommend em for sure

[@modustrial]

They're great!

[@BarbershopReviews]

Yea I saw them recently, and really looking to get the 2 zone system for my garage and a hot room. Looks super simple and pricing is great!

[@rhetoricaloracle2185]

@@BarbershopReviews you wouldn't regret it. Will say it's a two person job to get em installed generally, but they work just as perfectly as all of my professionally installed units

[@FHL-Devils]

A 'permit expediter', especially for $1500, is truly criminal. These are already servants on the public dollar, but if you want them to do their damn job, you have to bribe them?

[@Hot_Guac]

A permit expediter doesn’t work for the city and isn’t a public employee. The architect hires them to do all the permit submittal and coordination with the city. You don’t want to be paying your architect’s hourly rate to burn your money meeting with permit office.

[@cameronketch2363]

​@@Hot_GuacThey also typically have a deep understanding of the local codes and practices which makes things much easier. They are often essential - or at least worht their price - when doing development in commercial areas

[@hazonku]

You looked about ready to cry at that estimate. Which honestly, I don't blame you one bit. II's been a rollercoaster for sure. I KNEW it'd come out being worth more than you put into it but man that is quite a lot! I was thinking maybe $750-800,000 or so. It's so good to hear all that hard work really has paid off. Congrats!

[@jonathan__g]

I very much appreciate the candid breakdown of everything that went into the build and construction of it all.

[@modustrial]

thank you!

[@panossavvaidis6086]

you 've put blood and tears in this build, the custom pieces of furniture and lights and the fact that are made from someone with valuable provenance, your aesthetic interventions that makes this building having value as a whole are immeasurable and I think will provide you and your family with a property of much greater value than the sum of its parts. I hope you enjoy it, can't wait for the next video with the channel updates!

[@agentg96]

Best renovation series on KZbin hands-down, and this cost breakdown just tops it off.

[@jordanbass9167]

Note to self, in order to do anything cool, step one have money. Yeah imma go cry in the corner over here

[@ShopNation]

I feel so much closure. Nice Job dude!

[@evandthayer]

The reason that cities like Chicago and NYC require copper and iron versus PVC and Pex is union pressure. The idea is to protect the plumbing industry from DIYers.

[@modustrial]

No one will say it out loud but it seems like that's what it is...

[@Ketoinvestor]

@@modustrialUnions vote. Union members also make more money on average than non- and that money generally goes back into the local communities where they live, increasing overall quality in their community and contributing (hopefully) to net increase in local population. Great cost breakdown video! Thanks

[@aaron4121]

Cities also have buildings that are well over a hundred years old. Copper and iron is known to last that long. The Jury’s still out on PVC/PEX.

[@robin5mi]

@@modustrial I think it was Season 19 (~1998) of This Old House set in San Francisco that was already entirely explicit about the adherence to old plumbing methods being due to union pressure. In their case I believe it was about copper for everything, including drainage plumbing.

[@celestecredle2661]

Ally and Holly are off ! Easily a million and a half in my opinion!

[@bconner3100]

I live in Chicago and can’t build a single thing, but I started watching because my friend in Australia asked me one day if I’d heard of you after he saw your videos. 2 years later and I’m showing my real estate agent girlfriend every video because you make it all so fun and easy to follow along to!

[@fredericrike5974]

This remodel is going to be difficult to top; but you, MM, are the man to do this thing! Your comments on cost and where it is are right on; "Location, location, location" has been a mantra for Real Estate agents forever. But really, I think you did it most for yourself- your feel for how it ought to be in your world- and you didn't leave out the sprinkles. Absolutely stunning!

[@virginiabrady3536]

But noone lives there on purpose.

[@IAmBlux]

Thanks for documenting this incredible journey. Definitely enjoyed watching the entire series, and seeing everything come together along the way. Can't wait to see what you do next!

[@modustrial]

Thanks much!

[@paulbrookes7515]

As someone new to start a new you tube channel and make videos about my life and things that I succeed in. I was just wondering what type of money do you get paid for your videos and can you do really well at this career wise once you’ve edited them and posted them, also do you get paid automatically or do you have to apply for payment, any information you could pass on would be appreciated and also keep up with your videos as I really like them and that’s the reason I asked you for advise thank you Paul

[@franklong6269]

One thing I like about your videos is that you always smile, even in difficult situations. I also admire your drive and your versatility in taking on complex challenges like building and installing your own cabinets. Spectacular job - well presented in your videos. Four years is a long time. For a future project, I think expanding your small penthouse on the roof into a larger penthouse with a bedroom with views, a bathroom and a kitchenette area would be a beautiful addition to your home. You would have to engineer it for the cold winters in Chicago, but it would be unique and beautiful. Also, building out a commercial storefront area on the first floor would be interesting and profitable for you. Again, great job. I am a licensed General Contractor in AZ and I learned a lot from watching your videos.

[@salpastore1425]

I live in plymouth Ma, and that's actually low here. How is Chicago cheaper than Plymouth, home of the Pilgrims, MA?

[@nzlemming]

Excellent result! 4 years, eh? So that's how long I've been watching you climb this mountain. It's been a great journey and I can't wait to see what's next.

[@IceKoldKilla]

I do wonder if you could've gotten more deals as a KZbinr if you reached out to every single company that made the stuff you needed. Also, what about free stuff in exchange for showing off their products? Like if you reached out to Bosch or Samsung for stuff in your kitchen. Either way, incredible job! Just finished your 2+ hour video of the whole process. Legit watched it all. Fell asleep as it was late but woke up and rewinded it to make sure I didn't miss anything. 😁 Does that count as watching twice? Anyways, thanks for the content and sorry for your loss, your health scare and unfortunate timing of your break up. You did however end up with this amazing building! Very inspiring!

[@tylersanders6080]

Amazing that you've completed this monstrous task of renovating this building! I remember when you first purchased this and you thought it was going to only take a year! Regardless, you're driven and inspiring to each of us who watch your videos. Looking forward to the plans you have for the future, I'll be there to watch, like , and comment!

[@johnfrost6]

I kinda got the vibe that he was expecting a higher appraisal and I was too. I think its worth way more. I loved the series!

[@modustrial]

actually was expecting less....that was a nice surprise

[@ElectroT0y]

Congratulations! You deserve it! You worked long and hard on this build and even almost lost your life. Now is the time to enjoy the fruits of your labor.

[@oliverking9951]

Totally agree, but £10 says he's sold up and bought the next renovation project within the next 18-24 months 😉

[@ElectroT0y]

@@oliverking9951 I don't think so. He loves this place. He bought and reno'ed it for him to live in and have his business on the first floor.

[@oliverking9951]

I recognise a serial renovator when I see one. It's 90% the renovation process and 10% enjoying the fruits of the labour 😉

[@WompWompWoooomp]

What he said: "I spent $3,000 on the dog house." What he meant: "I spent $687,340 on the dog house."

[@THEDON3400]

I was surprised about the valuation I was thinking around 1.2 million or so

[@Joe-zk7ps]

Oh cool bootstraps stuff we can all follow! No YT or professional money or anything. Everyone can totally do this!

[@ignus9928]

I took a shot every time he said "high end" & "conservative estimate" and nearly died.

[@alannqt]

Skip to 24:30 for the answer.

[@cod-the-creator]

I guess Chicago is kind of a weird city in that it actually has an appropriate amount of available housing unlike almost any other city in the USA lol. I feel like this building in my relatively small town would cost just as much as it does in Chicago.

[@simonscott1121]

Making or losing money is irrelevant if it's your dream home :)

[@yuGtahT]

This series was so much fun to watch! I can't wait for the shop renovation videos (:

[@modustrial]

thank you!

[@MarkRVillano]

Maybe I'm wrong, but I feel that if you had cleaned it out, and done all of the basics (necessary repairs, and making sure that all the utilities were functional) you could have flipped it for a nice profit at the height of the real estate market three years ago, before interest rates went through the roof. As it is, you did well, avoiding the trap of being upside down on your investment, while at the same time fulfilling the vision you had for this property. Hat's off!

[@modustrial]

perhaps....no doubt I missed the boat on interest rate largely because I spent almost 2 years building out the kitchen, bathrooms and roof....making EVERYTHING myself. If I'd used pre-made cabinets and countertops, etc. and not done the roof, I certainly could have finished in time to get a lower rate. That said, I plan to live here, the home is way way nicer, and the content was (hopefully) much more interesting, so I'm ok with that tradeoff.... And, its those details and projects that I enjoy the most and I quit a much higher paying job to follow my passion and do what I want... if I sacrificed my favorite parts to maximize profit, then I'm no better off happiness-wise than I was at my old job...

[@shaneis84]

Rats can't bite through metal plumbing, hence the code requirement. It's an old building.

[@MaxVonStierlitz-wy7zb]

As a luxury German kitchen designer with 26 years experience in design and sales, 20 of them in Chicago, I only disagree with the cost of the cabinetry. Total cost of the mid range German cabinetry like Bauformat, for what you have in your kitchen would cost you around $55K in Chicago. Just cabinetry in same matte lacquer front only which is not even laser edged. Assembled and shipped from Germany with better hardware. American or Canadian made probably $35K maximum in Chicago. High end SieMatic or Bulthaup would probably cost $75-80K. Installation or local delivery not included. Anyway, great job!

[@jaywashington2196]

I’m surprised at the amount of “DIY and KZbin savings”. I thought it’d be less but it shows that some things are better to DIY than buy. It’s a shame that the renovation is over but now the older style of videos can come back.

[@stuartstogdill2406]

Labor is the most expensive part of home building and renovations. He likely actually saved another $50k-100K.

[@chrisw443]

I am so happy we were able to help so much with the build. I guessed about 500k or so, I wasnt far off. I guessed a million if you sold it, dang, I was close! Congrats man.

[@brigzy09]

Stuff in America costs so much 😳. Started watching just before covid and watched start to finish of this whole build. From a run down building to an extravagant multi million $ looking home 😍 loved every second of it.

[@wayneguy6043]

We also make much more

[@isabellhansen2864]

I am so ridiculously proud of how this space has turned out! I remember obsessing over this project starting in 2020, religiously watching it every time I got out of work. It is honestly such a beautiful piece of art and it still feels so cozy as well as opulent. You literally helped me picture how to describe my style by doing it right in front of me! I would easily pay over a million to live in this gorgeous space ❤

[@VietTran-xl2ms]

Note to self...."Don't live in Chicago."

[@JarrodTocci]

You did a great job! Definitely inspired me to do more and level up my own work 👏

[@motor2of7]

It’s beautiful. Only problem is, it’s in Chicago (or any major city)

[@moodbeast]

So impressive! So now you're gonna buy another building for Season 2 right?

[@modustrial]

stay tuned ;)

[@urieaaron]

Considering the Chicago prices I have seen in other videos, $959K seems low.

[@DumpsterMarcus]

i watched this whole series! and man you did an amazing job!!!!!! i was thinking 1.3 would be a great price with the market now but they would know haha

[@kaitospin3944]

Congrats bro! Been here since before you started this project (when you were doing those fine benches and sinks). Your craftsmanship always fascinated me and this project is the crown jewel. Love it!

[@TheThesweetgee]

Soooooo since this home was used for "content"aren't these expenses written off for taxes?🤔

[@modustrial]

No i wish....standard commercial property depreciation deduction is all that I'm allowed to do

[@TheAshers999]

Even if your estimates on labour (let’s be honest labour is expensive as hell) is wrong you still saved so much doing everything yourself, thanks for being honest on KZbinr savings to, you saved so much! Well done, on to the next one!

[@FLWVideosYT]

I remember watching many episodes towards the beginning of this project and hadnt seen an update in awhile. Congrats on finishing! Looks incredible

[@modustrial]

Thanks!

[@HoldenMcG]

Thanks for the follow up detailing the expeditures/savings. This has been a dream of mine, but I don't think I'll be able to bring it to a reality... so I'll have to be happy living vicariously through your experience! I'm very greatful that you decide to share your journey with us!

[@MyLittleMagneton]

I love the transparency! Not too many people talk about this stuff.

[@noitallmanaz]

please. that place must be in a horrible area. Just the commercial space alone will get you $400K. The house is 3000+ sf? That alone should be at least $400. You should be able to sell that thing for $1.5 million.

[@modustrial]

It's in a very safe neighborhood on the northwest side that is mostly blue collar but starting to gentrify a bit... We're seeing cool new places popping up all over now and it feels cool to be part of an up-and-coming area

[@joeylasvegas]

The space is simply awesome. Hope you enjoy it. Also, congratulations - with that real estate comp, you can now afford a 2-bedroom fixer in Southern California 😞

[@modustrial]

Thank you!

[@andrewclarkehomeimprovement]

You actually broke even. 687k + 267k is 950k. If you take into account lost earnings and increase in earnings potential over the 4 years, different story. But. What a ride! You've created a totally unique building, met some great people, learned a ton of stuff. Worth so much more than being stuck in a cubicle shunting paper back and forth.

[@marymullaney7281]

Yes. Excellent point

[@Geeksmithing]

Wow, that is a steal compared to what I was expecting, at least around here in Cary, NC.

[@WexWerxScott]

I figured you would have broken the million mark... The place looks great! Can't wait for the new build content!

[@DK8-8]

As an Architect, I am offended by your comment on the Architect's fee. At the same time, it just shows just how uneducated the public is about what an Architect does.

[@jeremyoliviervoice]

Damn Mike, ain't that the cherry on top! So are you thinking of doing a split entrance? Oh, and is there any thought to a garage renovation? I bet you get up every morning, go down to that kitchen, and just say "aaaaaaahhhhhh"! Seriously, all of us in the comments saying it's AMAZING just doesn't do it justice. Maybe you could teach some classes on CNC and concrete fabrication in your shop!

[@Artista4u10z]

I said this when I first started watching... This is literally a dream opportunity. I would totally put a gallery/storefront downstairs. 😍

[@modustrial]

thank you!

[@kako5804]

Man, I remember seen a video recommended to me about a dude that bought a building and was gonna renovate, now seeing it complete feels nice 🎉

[@gamepiecevideo]

This space in NJ is multi million...

[@marfru]

This is amazing. After 4 years of patience, the reward of completion must feel incredibly good. Congratulations!

[@richr7604]

Great job! I started watching from the first episode! Four years of work really paid off, congratulations on the completion of your project!

[@dutchweller]

That is so cheap! I would have guesses well over 1 Mil to 1.2 USD God I wish property here in Australia was that cheap 950,000USD = 1,423,028.88 AUD We just paid 900,000AUD for a 4 year old 3 Brm 2 bath semi detached townhouse not even in a major city.. House prices here are nuts The same house 4 years ago was 400,000 so 125,000/year increase in prices ...

[@mitchblackmore5230]

Thank you for doing this video. I had just finished watching the 2 hour 'movie' (the first video of yours that I have watched), and was very curious about the costs. BTW, where did dog #2 come from? Dog #1 needed a friend?

[@aytunch]

687k paid cost + 263k diy cost = 950k And you can sell it for 950k So if you were to not do any DIY work and YT sponsorships, you would be losing money considering all these took 4 years. Not even considering the tax for selling. You did amazing work and created great value. This just shows that Chicago has stupidly strict codes and there is something wrong with housing market and construction costs.

[@JustinCase1021]

I cant believe I watched this man build this whole thing from the very beginning.

[@_heshor]

Same here 😅

[@akruffneck47]

I wanna know specifics on one item... specifically, how much did the butcher block cost you in hardware & wood... As far as everything else... I love it. Your content is so awesome.. keep it up.

[@jamesabeebe]

Just continuing to milk the warehouse for clicks instead of putting up new content.... "the final tour", "star to finish renovation", "full cost breakdown"....what's next "what I wish I knew before renovating my abandoned warehouse!"? Wait, that's actually a pretty good idea for a vid...

[@pugs8900]

I'm a valuer in Victoria Australia. I'm shocked the initial purchase price was $315K for a building in a large city, even for 2020 prices! Today, only in regional areas do I see properties at that price. As part of my job, I read a lot of contruction contracts, and could easily see a builder charge $800K AUD and that would be excluding all the custom pieces.

[@BenHLiles]

I'll say it this way - bud, you did a great job doing a lot of the finishes yourself! I mean, this is what and how people should view making KZbin their career path as opposed to keeping on working in the "system," or "corporate America." Mind is slow going for me for a couple of reasons: one, I'm on disability; two, I can only work part time, 20 hours a week. Add on the fact I'm also getting divorced: it's going to be a while before I can make better quality videos myself. But great job on your Modustrial Living! --- It's partly because of you I want to do something as well on KZbin myself, regardless it's my music, programming, ancestry work or even gaming - heck, I've had thoughts of wanting to try airing local news of my area on KZbin.

[@stuartstogdill2406]

That building would sell for $1M plus easy. Chicago is so crazy expensive. Hell, that building unrenovated would be $500k today.

[@mattsawesomestuff1559]

One piece missing from this conversation is a discussion on how much real estate as a whole has increased in the last 4 years. Your $370k purchase price is probably a $550k purchase price today. So when considering value you added, it's much much lower than it might seem. But that doesn't matter. It's an interesting thought experiment but ultimately useless as you didn't approach it in terms of how to get the most value out of it on a flip. For example if you spent $100k getting your name spelled out in the tile floor, that might be a good spend and worth $100k to you, but it's worth zero (or negative) to a buyer because: A - It's not their name, and B - It's not anyone's style. That's an extreme and silly example but the whole build is filled with smaller real examples. Ultimately, by building the place that was perfect and specialized for you, it's largely undesireable to others. You couldn't have gone out and bought something like this, so either way when you're highly customizing something away from the lowest common denominator, you pay a price for that personalization. And in your case, I think, you happily paid that price to get what *you* wanted, not what a random buyer might desire. Losing 70-80% of the value invested in personalization touches would be perfectly normal. You still do it if that's your goal.

[@Fetter84]

Hearing those kitchen prices i'm considering moving to the states and sell kitchens there instead of doing that in germany 😅 A kitchen like that with all the appliances, ceramic countertops, drawers only and Rehau doors included, would go for like 35 to 45k (Euro, thats like 38 to 48k USD) That would be a hell of a profit 🤑