SusieQ
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'62 Shasta Compact
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Post by SusieQ on Dec 30, 2013 22:27:02 GMT -8
My time consists of a lot of staring at my trailer and thinking intensely. I agree with Vikx, even though I only have one in the restoration process. I had set a budget and I'm pretty sure I've surpassed that budget already and I don't want to know.
I have recent experience with insurance, filing a claim and dealing with an adjuster on my other trailer. It was smashed by a tree this past October while sitting in my driveway hitched, loaded and ready to head out. I would be glad to share my experience if anyone is interested.
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soup
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"I hate cold Soup"
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Post by soup on Dec 30, 2013 23:35:55 GMT -8
Just curious if any of you track the number of hours and cost of materials you invest into your restorations?
I have been working with a well known certified appraiser for almost the past year and have had three of my customer's restorations recently appraised. All went well, and it was an interesting process. One thing that was very important was the extensive documentation of the cost of materials, and of the number of hours spent during the restoration, backed up by several hundred digital photos of each trailer showing the original "before", the repair work in progress "the during", and final restoration photos. The one stumbling block seems to be finding "valid comp's", or comparable priced trailer's that have recently sold. As you would expect, it's difficult comparing a trailer found on a eBay ad, or Craig's List (with all the hidden rot and damage) to a brand new fully rebuilt vintage trailer. Youbetcha! Every penny and every min. of time. Have hundreds of photos of each. Always keep data on sold or for sale units, in my area of the country, that match the ones I'm working on at the time. Look back to files constantly for part numbers, pricing, and where to get what, when I need it. I'm slightly OCD though. |
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John Palmer
Senior Member
Hi, From a vintage trailer guy located in Santa Ana, CA. It's good to see lots of activity here.
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Post by John Palmer on Dec 31, 2013 9:45:45 GMT -8
I'm glad to hear that most of you have at least some records of your expense, even if it's just in your cigar box file.
I'm not the best person to be giving computer advice, but it's easy to track your time and materials on a simple excel file, it even has autosum for those of us that can't add.
I think you would find the results on your project interesting by doing a daily log. And if you wife starts nosing around asking questions about why all the credit card bills, you can just delete the file, LOL.
"Knowing your investment" has many uses beyond just helping with determining an insurance value.
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SusieQ
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'62 Shasta Compact
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Post by SusieQ on Dec 31, 2013 10:30:05 GMT -8
" And if you wife starts nosing around asking questions about why all the credit card bills, you can just delete the file, LOL."
Wife? LOL!!! You mean spouse?
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Post by bigbill on Dec 31, 2013 13:58:08 GMT -8
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Post by vikx on Dec 31, 2013 21:03:27 GMT -8
My time consists of a lot of staring at my trailer and thinking intensely. I agree with Vikx, even though I only have one in the restoration process. I had set a budget and I'm pretty sure I've surpassed that budget already and I don't want to know. I have recent experience with insurance, filing a claim and dealing with an adjuster on my other trailer. It was smashed by a tree this past October while sitting in my driveway hitched, loaded and ready to head out. I would be glad to share my experience if anyone is interested. SusieQ, Please do start a thread in our insurance section. Any information is appreciated. |
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