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Updated over 6 years ago, 04/16/2018

User Stats

33
Posts
2
Votes
Dan Simpson
  • Springfield, MO
2
Votes |
33
Posts

Potential rehab house advice

Dan Simpson
  • Springfield, MO
Posted

So a realtor buddy of mine showed me this house today. He's found me two great houses previously that I bought before they went on the MLS and went for higher prices. I'm considering buying it but would love some advice on how to rehab it, especially the outside.

The background on this house, which I plan on flipping:

Built in 1965, the same people have owned it the entire time. The husband died, the lady is 92 yrs old and about to move in with her daughter. The clutter in the pics is her stuff, she is about to have an estate sale before the house sells

4 bedrooms, 2.5 baths, 2800 square feet, living room, formal dining, eat in kitchen, family room, nice yard that is about 6/10th of an acre, great area of high value housing

From the pics it is obvious that many things have never been updated in the 53 years the house has been around. The good news is that the roof and HVAC is relatively new and wont need to be messed with. The bad news is that it still has one of those old fuse breaker boxes and I suspect that much of the wiring and plumbing has never been updated. Will find out more if/when I get it inspected. 

I plan on getting rid of/painting over all of the brown wood paneling in this house, replacing all of the flooring, rebuilding that small deck off the master bedroom, some minor landscaping, replace the garage and front doors, replace exterior door under deck, replace all light fixtures, update the kitchen (keep cabinets and paint them white with new pulls), paint the outside and add siding to the right side and back of the house (front and other side has siding already), change out bathroom sinks and countertops, paint all the cabinets in each bathroom, perhaps install walk in shower in big bathroom that has the tub.

I plan on keeping the marble flooring in the entry way and try not to replace any windows. The two bedroom windows above the garage have some kind of diagonal strips on them but that comes off I think. The house in general is very solid structurally. No basement leaks, no cracks, etc

This would be a flip house that I can get for 160k. ARV is around 225k, at the least, could be at least 5-10k higher than that. The market is on fire and this particular area has appreciated in value as much as anywhere in the area in the last couple of years. Some houses within two or three blocks are selling for over 400k but they are newer. So there is a lot of room here to add value to this house.

So where I particularly need advice:

The outside... what is a good color scheme? Do I do anything with the windows? How should I rebuild the deck? I plan on adding two piers to each corner as right now it has none and the wood is rotting out. 

The kitchen... It has an island which I *think* is a good thing but not sure. Just need general advice on how to arrange the appliances, colors, flooring, etc. I plan on adding granite countertop as I have a great granite guy that can install it for less than 2 grand, all in. 

The bathrooms... Is it prudent to add a walk in shower in the bigger bathroom and remove the tub? If I do that there will be no tub in this house. Or keep the tub and paint it and ???

Anyway, thanks in advance for advice. I really want this house to pop and need as much input as I can get. Any and all ideas and suggestions welcome. 

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