Well, almost one month to the day since we arrived, our former 1975 house is going to be listed tomorrow at near 700K!
Although at first glance it appears we lost substantial money on our off-market sale to the investor, this buyer has mostly gutted the home, according to the available description (no photos are as yet included in the listing).
Brand new quartz countertops and new backsplash, all SS kitchen appliances new soft close cabinets along with a bar seating area (which has to mean some wall removal) , all new wood floors on the main level except the newly tiled half bath, new living room LED lighting (The LR was not wired for overhead lighting when we lived there and we were told it would entail a lot of work and expense to put it in so we got by with lamps), all 6 panel doors throughout, all newly remodeled bathrooms with a "new gorgeous bronze" shower enclosure in the (very small) master bath, new carpet and paint throughout, new black railing for the stairs, brand new furnace and AC, etc. No mention was made of the badly scratched outdated kitchen sink (which needed to be retired) or the (cracked) laundry room(sink) which leaked and had to be shut off permanently while we lived there, but I assume both were either fixed and replaced or removed and sealed off in the case of the downstairs sink.
We did love the old diner style kitchen booth, the massive built in painted wood custom desk/ bookshelf office which amounted to more than half the bedroom space , the blue speckled kitchen Corian countertop and one very nice upstairs vanity, but we hated the stairs and the slowly eroding condition of the rest of the house which we simply couldn't afford to repair and update, especially while were in the clutches of the five-year BK13 Gods.( No doubt all of the above items as well as many others , including the low-end white Amana kitchen appliances ,ended up in the dumpster she surely rented.)
I'm sure you savvy RE forum members will have your own take on how much all this cost, but I can't see how this could be done for less than 50k even with a professional house flipper like this veteran real estate agent.
She is clearly blessed to have a trusted and seasoned crew of carpenters, painters, electricians, plumbers, etc. to get everything perfectly market ready where we had a ceiling of less than 30k to paint, replace carpets, put in SS appliances, fix many small but serious plumbing issues, replace the failing old furnace, etc. , had to find for the most part overpriced pros and struggle to find a place to stay with our fur babies while all of this extensive work was done. We were simply outmanned, outgunned and could never have gotten the bang for the buck that she got on the updates and materials and will get on the sale price.
At least this time we understood that the only way for us to win in this insane market was to take the money offered, sell out and get out of that state with the least effort possible ASAP. Of course, the very timely job offer made all this possible. If that hadn't happened..........?
We learned that the hard way from the first investor home fiasco in 20014 -2016 which led directly to BK13 in 2017.
No doubt she put in many lower cost investor products purchased at wholesale prices but labor for around twenty days or so of this kind of total remodel can't be cheap, can it, shipo, justbroke , @Carmella ,flashoflight ,etc.?
Although at first glance it appears we lost substantial money on our off-market sale to the investor, this buyer has mostly gutted the home, according to the available description (no photos are as yet included in the listing).
Brand new quartz countertops and new backsplash, all SS kitchen appliances new soft close cabinets along with a bar seating area (which has to mean some wall removal) , all new wood floors on the main level except the newly tiled half bath, new living room LED lighting (The LR was not wired for overhead lighting when we lived there and we were told it would entail a lot of work and expense to put it in so we got by with lamps), all 6 panel doors throughout, all newly remodeled bathrooms with a "new gorgeous bronze" shower enclosure in the (very small) master bath, new carpet and paint throughout, new black railing for the stairs, brand new furnace and AC, etc. No mention was made of the badly scratched outdated kitchen sink (which needed to be retired) or the (cracked) laundry room(sink) which leaked and had to be shut off permanently while we lived there, but I assume both were either fixed and replaced or removed and sealed off in the case of the downstairs sink.
We did love the old diner style kitchen booth, the massive built in painted wood custom desk/ bookshelf office which amounted to more than half the bedroom space , the blue speckled kitchen Corian countertop and one very nice upstairs vanity, but we hated the stairs and the slowly eroding condition of the rest of the house which we simply couldn't afford to repair and update, especially while were in the clutches of the five-year BK13 Gods.( No doubt all of the above items as well as many others , including the low-end white Amana kitchen appliances ,ended up in the dumpster she surely rented.)
I'm sure you savvy RE forum members will have your own take on how much all this cost, but I can't see how this could be done for less than 50k even with a professional house flipper like this veteran real estate agent.
She is clearly blessed to have a trusted and seasoned crew of carpenters, painters, electricians, plumbers, etc. to get everything perfectly market ready where we had a ceiling of less than 30k to paint, replace carpets, put in SS appliances, fix many small but serious plumbing issues, replace the failing old furnace, etc. , had to find for the most part overpriced pros and struggle to find a place to stay with our fur babies while all of this extensive work was done. We were simply outmanned, outgunned and could never have gotten the bang for the buck that she got on the updates and materials and will get on the sale price.
At least this time we understood that the only way for us to win in this insane market was to take the money offered, sell out and get out of that state with the least effort possible ASAP. Of course, the very timely job offer made all this possible. If that hadn't happened..........?
We learned that the hard way from the first investor home fiasco in 20014 -2016 which led directly to BK13 in 2017.
No doubt she put in many lower cost investor products purchased at wholesale prices but labor for around twenty days or so of this kind of total remodel can't be cheap, can it, shipo, justbroke , @Carmella ,flashoflight ,etc.?
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