Investing: From Acquistion to Exit - Part III

A red door ALWAYS helps a home sell

We had another VERY productive week with a lot of people working on this house.  We have owned it two weeks now and are very happy with the overall progress! Even though I discussed a lot of the improvements in last week’s post, I’m going to include them in this one, in addition to what we worked on this week, so that someone new coming across this can feel caught up on everything we have done!

Well, the biggest constraint with the house was that it only had 1.5 baths, and to make matters worse, they both were ONLY accessible from bedrooms.  Every house has a problem to solve, and the bathroom situation was a major problem for this house.  So, we added a full bath downstairs, located just off the kitchen.  We also added a new laundry room, and we opened up the kitchen and gave it a new dining area as well.

So here’s where we are right now:

 

• New bathroom downstairs is almost done 
• All electrical work is done  [we rewired a portion of the house]
• Plumbing – all updated now
• 2.5 Ton heat pump installed (new heating and air conditioning )
• New dishwasher installing in the kitchen
• New flooring put in kitchen, bathrooms, and laundry room
• All interior walls painted
• New black shutters on exterior of house AND we painted the front door red since red always sells the house
• New deck is complete
• New dimensional roof complete

New windows will be installed on Tuesday and then we will be 100% complete! How awesome is that?!

Other good news, the house has been appraised at $130,000 this week and we will fine tune our marketing strategy on justlistem.com very soon.  We, including our private lender, are very happy that it appraised at $130k with the 3 bedrooms and 2.5 baths. 

I hope you enjoy the pictures I have included. Check back next week where we outline our marketing strategy using justlistem.com, and where we discuss all the finishing touches on the house!

Exterior work on home Electrical work New flooring Flooring