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

@modustrial

3 күн бұрын

KZread 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 KZread allows me to have, but there is a line to how much of my personal life I'm willing to share.

@gzubeck3

2 күн бұрын

@@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

2 күн бұрын

Thats not really how it should be looked at... I quit my job as an attorney to make KZread videos full time, and the first part of my life as a KZreadr 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

2 күн бұрын

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

2 күн бұрын

@@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...

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

6 күн бұрын

Thanks!!!

@simonstrindberg

6 күн бұрын

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

@CATUTZZ

5 күн бұрын

Same here , good job

@matthewjones8322

3 күн бұрын

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

@ryansong3824

16 сағат бұрын

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

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

@modustrial

6 күн бұрын

Thank you!!

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

4 күн бұрын

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.

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.

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

5 күн бұрын

Yeah so he broke even, right.?

@GreatScottJ

5 күн бұрын

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

@derschwarzbrennerausdember8746

5 күн бұрын

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

@d.pollard5962

5 күн бұрын

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

4 күн бұрын

@@robbertmadden1386 It's still in Chicago.

Love the transparancy about all the KZreadr cost savings

@edubbs3528

5 күн бұрын

I agree.

@ColoredGayngels

5 күн бұрын

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

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.

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

@jpp7783

6 күн бұрын

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

@raghavendrashekhawat3249

6 күн бұрын

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

@zh4k

6 күн бұрын

KZread Profits: millions!

@egdm1235

6 күн бұрын

​@@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

6 күн бұрын

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.

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

@modustrial

6 күн бұрын

They're great!

@BarbershopReviews

2 күн бұрын

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

2 күн бұрын

@@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

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

6 күн бұрын

thank you!

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

6 күн бұрын

Thank you!! 🙏

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!

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

@modustrial

5 күн бұрын

thank you!

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!

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

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

3 күн бұрын

We also make much more

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!

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

6 күн бұрын

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

@ElectroT0y

6 күн бұрын

@@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

5 күн бұрын

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

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

@modustrial

5 күн бұрын

thank you!

I feel so much closure. Nice Job dude!

Wow has it really been 4 years? I remember the first video of yours that I watched being the one where you were in the process of moving out of your apartment having just purchased this warehouse. My, how time flies! I really do have to thank you though. Your channel and a handful of others kept me distracted, if only for a little while, from the grim, dark and depressing reality of the outside world during those 2 years of Covid. I really cannot thank you enough.

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

6 күн бұрын

That would be so nice!

@royalt8ter976

4 күн бұрын

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

@rafezetter8003

4 күн бұрын

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

3 күн бұрын

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

3 күн бұрын

@@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

I have been watching from the beginning and feel that what you have created is truly unique. Priceless! Thanks for sharing.

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 ❤

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!

All it took you was 4 years and nearly dying 😅 in all seriousness Mike i am so, so proud of you. This is the definition of grit. Here in my market, your building would likely go for 2.2M-3M. You have created a phenomenal value for yourself!

Looking back to the beginning, the realization hits that I have spent a lot of time watching this building transformation. I found the channel at the start of this journey, and haven't missed a single video. It has been a great vicarious experience, and I can't wait for more.

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

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

6 күн бұрын

Thanks much!

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

5 күн бұрын

ha, thank you!! 🙏🙏

And.....Congrats!!!!! Perfect job! Your house is amazing!!!!!

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!

Can't believe it's done... that was fun to watch!!! Great Work🎉

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

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

@modustrial

5 күн бұрын

🤣

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

6 күн бұрын

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

@Ketoinvestor

6 күн бұрын

@@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

5 күн бұрын

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.

@furry_homunculus

5 күн бұрын

Then again, metal piping is more hard wearing. It also fits a character building aesthetically better than PVC tubes.

@robin5mi

5 күн бұрын

@@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.

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

@modustrial

6 күн бұрын

thank you!

I have been watching you for more then 4 years! You have created a magnificent home ! Congratulations 🎉

Feels like you started this series yesterday. We loved watching the entire process!

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 KZreadr savings to, you saved so much! Well done, on to the next one!

Been here since the beginning. Very happy to see it complete

What a journey. Congratualtions on everything. Amazing work and really cool to follow along.

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.

I've been watching since before the property was purchased, and man this has been quite a journey! Congrats on the assessment and I can't wait to see what is coming next!

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!

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.

This is by far the best pandemic content I have watched. For your blueprints to be well under 10% of the total cost, I think you got a great price. Excellent video as usual!

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

@dascandy

6 күн бұрын

Yeah, my initial guess was $2.5M.

@Joe11100

6 күн бұрын

It's in the hood

@explodeder

6 күн бұрын

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

6 күн бұрын

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

6 күн бұрын

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

So happy for you my man, what a journey!! God bless and as always, thank you for providing us with this chanel, just a great corner on the Internet!!

@modustrial

5 күн бұрын

thank you!

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

2 күн бұрын

Yes. Excellent point

Absolutely amazing work it looks amazing from top to bottom. Can’t wait to see what you do next.

Its awsome you are done, been here since day one! Looks amazing

I loved the whole journey - from start to finish. You should be proud and happy, Mike. You did a spectacular job.

@modustrial

5 күн бұрын

Thank you!

We loved this series, can't believe it has been 4 years. Looks so amazing and very inspiring.

Congrats on conceiving and seeing through such an incredible passion project. I’m not sure how long I’ve been watching your channel, but since well before you started the warehouse renovation. It’s so cool and inspiring to see someone living their dream. Thank you for sharing!

Congratulations!! It's been fun watching the renovation and the amazing work you did.

I am so glad to be following you from a very long time. You are one of the best if not the best in this field. I enjoyed every moment of ur uploads. You are very honest and a kind person. you are talented and u got a nice taste in designing. The way u document this and presented its amazing. As well as the editing these videos. All I can say is (hats off) ❤

@modustrial

6 күн бұрын

thank you for the very kind words!!

Your home is beautiful. I’ve been watching since the beginning and you are a very talented young man. Best of everything to you. I can’t wait to see you making things down in the workshop.

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?

Thank you so much for this amazing journey Mike! I hope this is not an ending, let us know what will be your next project! 🙌🏻🙌🏻

@modustrial

5 күн бұрын

Next video will lay out some big plans for the future!

Thanks for giving us something to look forward to, especially during those early days of the lockdown!

been watching since Episode 1 of this series, its amazing what youve done from episode 1 leading up to now! well deserved amazing HOME! its crazy to think that building is your HOME! keep em coming man! Love it!

Congratulations on this awesome project!! Ive been a fan since the beginning!!!

@modustrial

6 күн бұрын

thank you!

Amazing! I am so stoked to see what's next. Easily one of my favorite KZreadrs,

Now this is an truly educational video. Well done!👍👍👍👍

Absolutely amazing!!!!

Thanks for getting us all through the pandemic with an amazing video each month!

It’s been a pleasure watching your journey. Great job 👏🏻

Looks amazing! Thank you for sharing!

been real cool to watch this from beginning to end. you killed it dude, and made an incredible home and workshop for yourself. Best wishes for the next journey!

Such an incredible achievement! Wow! :D It's been a privilege to follow you on this astounding journey and I really hope you are quite proud of yourself for doing this. Great job!

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

@modustrial

5 күн бұрын

Thank you!

Great wrap up and summary of the reno Mike. It's been a fun journey to watch and I can't wait to see what's next.

@modustrial

6 күн бұрын

Thanks!

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

Me and wife bought a house and renovated it over the last couple of months. Probably increased the value by at least 40%. Thank you for the inspiration! 😊

@modustrial

5 күн бұрын

thats awesome, congrats!

It turned out beautifully!💕

I remember subscribing after watching EP1 the day it was uploaded, great to see results of your journey.

Thanks for posting, super interesting having the numbers to go with the creative input. Gorgeous!

@modustrial

5 күн бұрын

Thank you!

Way to go, Mike! Really proud of you and happy for you! I've been a subscriber for many years and really enjoyed this video. Thanks! 🎉📹🛠👍

Congratulations & thank you for this whole journey. Thank you for sharing the numbers. An excellent Job start to finish.

@modustrial

5 күн бұрын

thanks!

You did an amazing job. Congratulations on completing it and doing it so well.

@modustrial

5 күн бұрын

Thanks!

Been quite the journey but this place has turned out far better than expected! It doesn't hurt that all of the design choices are ones I'd personally go for too! Got some good ideas for personal future projects too from this. All in all congrats on the finished space!

This series has inspired me to do a lot of KZread documenting of a project I hope to start in 6 years. I'll keep you posted.

@modustrial

4 күн бұрын

That's awesome! Can't wait to see!

The absolute best cost break down I’ve ever seen.

Really good job with all of the things., Started watching you when you got the building and it has been a great journey to see over the 4 years :D exited to see what you do next.

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

Congrats man, looks awesome!

i have been watching this from the start i cant believe thats all its worth I really thought it would be near the two million mark its not a great turn around for all the time spent at it im really shocked it was a pleasure and thanks for all the great videos

Been watching since the first video of this Warehouse Reno... what a journey. Congrats on the estimate! Looks amazing! Looking forward to what comes next for the channel.

@modustrial

5 күн бұрын

Thank you!!

Awesome end to a great series!

Wow, nice to see your hard work highly valued!

It's been a long road but so much fun! I'm looking forward to seeing you present videos while sat in different parts in your new house.

I really enjoyed this series. Hell of a journey.

Congratulations on your successful build. I am glad to see the beautiful results of all your planning. It looks to be worth much more than the estimates you were given, but I don't live in your neighborhood. A great presentation along with all the other videos pertaining to the construction. And most of all I am happy to see that you made a full recovery. Look forward to more content.

Great break down, fantastic video. Lots of hard work and hopefully you can enjoy your home for a long time.

@modustrial

5 күн бұрын

Thanks Paul!

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

@modustrial

6 күн бұрын

thank you!

Bro this is so crazy. I got in on this on like, the 2nd episode. This is so crazy to see how long it's been! What a journey, wow!

Awesome!! Thanks for the honest breakdown and happy to see a profit IF it was needed

It is surreal being here since the first video, time really flies, it was 4 years ago maybe more. Great work hope the best for u. I would do the same thing but have a coffee shop/ bakery as a commercial space