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Updated over 7 years ago on . Most recent reply

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53
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Brian Varmuza
  • Real Estate Investor
  • Tampa, FL
29
Votes |
53
Posts

Calling All Flippers. Need Advise!

Brian Varmuza
  • Real Estate Investor
  • Tampa, FL
Posted

I need everyones opinion! I am towards the end of a flip, the ARV is 400k. I am bouncing back and forth with one issue that I would like to get everyones opinion on.

The driveway is a concrete driveway and runs on the left side of the property up to the house that would be on the right. The last 3 slabs on the left hand side (opposite side of the house) looks like it had a wash out and are no longer level with one of them having a decent size crack running through it. What would you do in this scenario? How much will a driveway affect the sale of the home?

A. Leave it alone, the driveway won't play that big of a factor as long as the rest is in great shape.

B. Try to fill the crack as best as possible and paint the driveway.

C. Replace all 3 slabs.

Let me know what you would do and why! Thank You in advance!

Most Popular Reply

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17,995
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J Scott
  • Investor
  • Sarasota, FL
17,196
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Based on that picture, and assuming that the house is priced at or below the area average, I don't think it's a huge deal.  Certainly, you'll at least want to throw some weed killing down and perhaps pressure wash.

Now, if the $400K price is above the area average (i.e., it's a higher-end house) -- or if all the other houses in the area have pristine driveways -- then you may want to cut out and replace this section (as Eugene said above).  

Figure demo, a couple yards of concrete and labor, you're probably looking at $500-1000.

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