I can’t believe I’m saying this, but the project house is done!! We bought this place in October, tore everything out of it by the end of November, and then spent MONTHS putting it all back together. I never dreamed it would take this long (both my wife and I are SO over this house), but we’re officially done-zo. Our realtor is walking through the house today and it hits the market tomorrow. The entire experience hasn’t been great, but hopefully we at least make a big pile of money! 😉
Flip House Completed! Before and After Videos
This is the “Before” video. Please make sure you view at least part of this video to get a full understanding of just how terrible this house looked before. In all honesty, I figured we’d have this house all fixed up by March….but it took 2 extra months of INCREDIBLY hard work – long days, nights, and weekends…
Here’s a quick list of what we did after this initial walk-through:
- Tore down the paneling in the living room, dining room, bedroom, and bathroom
- Ripped up the carpet and subfloor
- Tore down and re-roofed the garage – then hired an outside company to tear down and re-shingle the house
- Pulled down the plaster, drywall, slats, and insulation from the upper-bedroom ceiling. We then re-secured the rafters and re-drywalled everything (thank you nephew Nate for all of your muscle!).
After about 3 weeks, the house all looked like this…. What the heck did we get ourselves into??? We may have just as well thrown a bomb inside and saved ourselves 3 weeks of demo…
After all this demo, we…(deep breath for the long list):
- Put up new drywall, hired a guy to mud and beautify everything (thank goodness we did!)
- Painted EVERY room in the house
- Laid new sub-floor and then laminate hardwood flooring in the living room, dining room, and kitchen…and then had the stairwell and all bedrooms carpeted
- And then came all the trim-work, replacement of outlets, lots of spackle and caulk… thank you brother Tim for all the help with this!
- Annnnd we painted all the kitchen cupboards, put the new laminate counter-tops in (thank you Dad), and installed a new sink!
I’m sure I’m forgetting a ton of stuff (I’m just tired….after 7 solid months of work on this place…hopefully you understand), but you can see all the glorious renovations in the video below!
Thanks again to everyone that helped. And thanks to VHHomeFlips (my sister and brother-in-law) for helping me stage the place. It looks beautiful!!
So What’s Next?
First, the house is going to sell for buko-bucks (I hope) – I’m going to guess $144,000. After realtor fees, closing costs, etc., that’ll come down to about $131,000. We have $95,000 into it, so that’ll give us a before-tax profit of $36,000. Not too bad!
Here’s what we’re going to do:
- Take the money, put it in the bank
- Start looking for our dream property in the country
- Fix up our own house (this should only take one month…not seven!) and put it on the market
- And eventually find a $300,000-ish 10-acre plot in the country with a 4-bedroom, 2 bath house and a big-ol barn for my wife’s future horses (oh, and my indoor basketball hoop).
Upward and onward!
So what do you think about the renovations? Did we nail it?? Please leave your comments below. I need the morale boost. 🙂
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.