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Updated almost 6 years ago, 12/30/2018

User Stats

115
Posts
60
Votes
Jonathan Smith
  • Moseley, VA
60
Votes |
115
Posts

Live in flip with Before and After Photos Richmond, Virginia

Jonathan Smith
  • Moseley, VA
Posted

Wanted to share pictures of my live in flip, just over two years, located outside of Richmond. Originally was not going to be a live in flip but the family did not like living out in the country so we decided to move closer to town. Also just started a flip outside of Richmond that should be ready in April and will post next year when that one is finished.

Purchase Price- 3 bed 1 bath at $162,000

Rehab- $+/- 7,000 (did all the work myself, design by my wife)

Sale Price- $192,800

Scope of work- 

  • Install cattle fence around 3 quarters of the property- 2.05 acres and fenced in run with chicken coop
  • paint every room
  • face framed the kitchen cabinets and painted two tone- Upper cabinets Cream/white  Lower cabinets Gray
  • recess lighting in kitchen
  • added new dishwasher (did not have one)
  • moved the laundry room to better fit the kitchen
  • renovated the bathroom to include a window and concrete sink
  • new heat pump and furnace 
  • new wide updated trim
  • painted outside of the house and upgraded the landscaping 

User Stats

2,396
Posts
1,747
Votes
Brandon L.#5 New Member Introductions Contributor
  • Real Estate Agent
  • Falls Church
1,747
Votes |
2,396
Posts
Brandon L.#5 New Member Introductions Contributor
  • Real Estate Agent
  • Falls Church
Replied

@Jonathan Smith the before and after pics look great, but I would be surprised if you were able break even after rehab costs, 2 years of holding costs, closing costs, and realtor fees.

User Stats

57
Posts
19
Votes
Jesse Harris
  • Flipper/Rehabber
  • Richmond, VA
19
Votes |
57
Posts
Jesse Harris
  • Flipper/Rehabber
  • Richmond, VA
Replied

Great looking Job Jonathan!!

I would like to know the area where the house is located.

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User Stats

115
Posts
60
Votes
Jonathan Smith
  • Moseley, VA
60
Votes |
115
Posts
Jonathan Smith
  • Moseley, VA
Replied

@Jesse Harris

It was In The Moseley area out towards Powhatan. Probably the last house you can get for under 200k in the area so that also helped out in selling it.

User Stats

16
Posts
9
Votes
Replied

Beautiful work Johnathan.