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Updated about 9 years ago on . Most recent reply

User Stats

7
Posts
5
Votes
Joe McCray
  • Contractor
  • Raleigh, NC
5
Votes |
7
Posts

My first rehab

Joe McCray
  • Contractor
  • Raleigh, NC
Posted

Hello Everyone, I was very fortunate on the first rehab I landed. It was a high end home at Sunset Beach,NC. The property in the condition I arrived was $675,000.  Once we finished and the investor had it reappraised, the value was increased to $875,000. We had to gut almost the whole house and start over. We refinished the existing hardwood, updated the kitchen and bathrooms, set new tile and backsplash, and added a utility room. It was a great job and it sold for $850,000. Not all my jobs are to this caliper, but it was great to start with that one!

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